Aramid Honeycomb Market Analysis
The aramid honeycomb is a high strength, lightweight, non-metallic honeycomb core material produced using aramid fiber paper with the characteristic hexangular cell shape. The market is growing due to the superior performance properties of aramid honeycomb core materials and their ability to survive in harsh conditions. Aramid honeycomb is strong and light-weight material, which is used in sandwich panels. The material is mainly used in the defense and aerospace industry as it has excellent properties such as high tensile strength and fire resistance.
- Due to COVID-19 pandemic, the production activities of numerous industries were halted in the first half of 2020. Even after the relaxation of the lockdown in the second half, the market was still affected by the decreased automotive demand. This is attributed to decreased consumer spending, which consequently affected the demand for aramid honeycomb sales in 2020.
- Industries such as aviation and marine were highly affected by COVID-19. The cancellation of international and domestic flights decreased the travel demand by air and marine and the lockdown has affected the product demand from the aviation and marine industries.
- COVID-19 pandemic has created ripples in the aerospace industry, which resulted in decrease in the number of aircraft deliveries and reduced demand for aramid honeycomb core materials.
- The COVID-19 outbreak has resulted in the disruption in the supply chain, resulting in reduced demand for Nomex from the transportation industry.
Top Impacting Factors
In the aviation industry, the engineers face a lot of challenges with the reduction of mass. If the mass of the aircraft is reduced by one Kg, it can save thousands of dollars in fuel consumption. Thus, lightweight material such as aramid honeycomb, will have a strong demand from the aviation industry. Due to the aging aircraft around the world, the aviation industry will witness a surge in aircraft products. Introduction of new aircrafts and increase in air travel demand will force to retire airplanes much earlier than expected. This will drive the aramid honeycomb market demand. Also, the high demand in lightweight automobile components will create a new market opportunity for aramid honeycomb market.
Market Trends
- Rising market share of the Middle Eastern countries in the aerospace industry is creating demand for products such as meta-aramid honeycomb. The meta-aramid has heat resistance properties and can exhibit the high flame. Thus, meta-aramid is used in aerospace interiors. Also, Nomex Honeycomb have a sustainable demand from the aerospace industry.
- The increasing marine trade is expected to increase the demand of aramid honeycomb in the market. As the aramid honeycomb products are also used in marine vessels.
- The increasing military budget by countries such as China, India is expected to increase demand for aramid honeycomb.
Key Benefits of the Report
- This study presents the analytical depiction of the aramid honeycomb market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aramid honeycomb market share.
- The current market is quantitatively analyzed to highlight the aramid honeycomb market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed aramid honeycomb market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in aramid honeycomb market Report
- Who are the leading market players active in the aramid honeycomb market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What are the challenges faced in the “aramid honeycomb "market?
- What are the key benefits of the “aramid honeycomb " market to report?
- What will be the anticipated growth rates for aramid honeycomb market?
- What are the driving factors and opportunities in the market?
Aramid Honeycomb Market, by Aramid Type Report Highlights
| Aspects | Details |
 By Aramid Type |
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 By Grade |
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 By Type |
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 By End-user |
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 By Region |
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 Key Market Players | Plascore, Inc., Euro-Composites, The Gill Corporation, Hexcel Corporation, Argosy International, Inc., Advanced Honeycomb Technologies, Schutz Composite GmbH3Aramicore Composites Co. Ltd., Showa Aircraft Company Ltd, ACP Composites, Inc., Tasuns Composites Co. Ltd. |
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