According to
a new market report published by Lucintel, the future of the honeycomb core material
market looks attractive with opportunities in the aerospace, defense, and marine,
and other industrial applications. The global honeycomb core material market is
expected to reach an estimated $640.5 million by 2022 and is forecast to grow
at a CAGR of 5.3% from 2017 to 2022. The major growth drivers for this market
are excellent mechanical performance of honeycomb core, increasing demand for
lightweight materials, and robust growth of the end use industries.
In this
market, Nomex® and aluminum, polypropylene, polyurethane, and polycarbonate the major honeycomb
product types, in which Nomex® and aluminum have major share. Lucintel forecasts that Nomex is expected to remain the
largest product segment and is also expected to witness the highest growth in
the forecast period due to its lightweight and very good
mechanical properties, and this is why it is used in various aerospace
applications.
Within the honeycomb
core material market, aerospace is expected to remain the largest end use
industry; it is also expected to witness the highest growth during the forecast
period, supported by increasing demand for lightweight materials
in advanced commercial aircraft models.
North America
is expected to remain the largest market by value and volume due to the presence
of users who consume large volume of honeycomb especially from aerospace
industry. Rest of the
World is expected to witness the highest growth over the forecast period because
of the growing demand form the end user industries in the region.
Emerging trends, which have a direct impact
on the dynamics of the industry, include addition of lightweight rubber
membranes in honeycomb cores to reduce noise in aircraft and cost-efficient
production of honeycomb core with homogenous skin bonding. Hexcel, The Gill
Corporation, Eurocomposites, and Plascore are among the major suppliers of honeycomb
core materials.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global honeycomb core material market by product type, end use industry, and
region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Honeycomb Core Material Market 2017-2022: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the
global honeycomb core material market by product, end use industry, and region
as follows:
By Product Type [Volume (Million Pounds) and
$M shipment analysis for 2011 – 2022]:
- Nomex
- Aluminum
- Others
By End Use Industry
[Volume (Million Pounds) and $M shipment analysis for 2011 – 2022]:
- Aerospace
- Defense
- Marine
- Others
By Region [Volume (Million Pounds) and $M shipment
analysis for 2011 – 2022]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This 124-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Advanced
Materials Reports, Composite
Materials Market Report, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global honeycomb core material
market by product (Nomex, aluminum, and others), end use industry (aerospace,
defense, marine and, others), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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