High-Temperature Honeycomb Sandwich Materials Market

High-Temperature Honeycomb Sandwich Materials Market Research, 2030

The global high-temperature honeycomb sandwich materials market size valued at $0.4 billion in 2020, and is projected to reach $1.0 billion by 2030, growing at a CAGR of 10.5% from 2021 to 2030.

The COVID-19 pandemic disrupted the aerospace & aircraft and automobile industries, resulting in reduced usage of high temperature honeycomb sandwich materials in these industries. During the COVID-19 pandemic, the high temperature honeycomb sandwich materials market was impacted in terms of distribution and logistics, due to lockdown across the globe.

The high-temperature honeycomb sandwich materials market is segmented into Type, Application and Technology.

Honeycomb sandwich is made from three layers in which a low-density core is injected between two relatively thin layers, giving it superior mechanical properties with minimal weight. The global demand for high temperature honeycomb sandwich materials is increasing, owing to their lightweight nature and superior mechanical performance. Resin transfer molding has the potential to minimize manufacturing cost of high temperature honeycomb sandwich parts. Resin transfer molding sandwich honeycomb parts are manufactured by controlling resin flow during infusion with scrims of different weights.

Various aircraft are manufactured for commercial and defense purposes. According to an article published by simpleflying.com, in the year 2022, Airbus is expected to exceed its monthly production of 65 planes, with the target of 75 jets in 2022. In these aircraft, honeycomb is used in their structure to provide better strength and stiffness along with less weight. Moreover, growth in the defense sector in various developed and underdeveloped countries drives the high temperature honeycomb sandwich market. In addition, commercial aircraft delivery is expected to rise in the future, which, in turn, increase aircraft production. This is beneficial for increasing high temperature honeycomb sandwich materials market share in aerospace and aircraft industry.

However, high production cost and high raw materThis is beneficial for increasing high temperature honeycomb sandwich materials market share in aerospace and aircraft industry. ials cost restrain the growth of the market. Conversely, increase in popularity of LED honeycomb and 3D printing to manufacture honeycomb panels is expected to provide lucrative growth opportunities for the market. LED displays use honeycomb panels, permitting them to be lighter while giving more pixel effects. High temperature honeycomb sandwich panels can be produced with 3D printers; however, they are currently in the research stage and anticipate to impact the industry to grow significantly once commercialized.

The high temperature honeycomb sandwich materials market is segmented on the basis of type, application, technology, and region. Depending on type, it is segregated into stainless steel, titanium, inconel, and others. According to application, it is classified into aerospace & aircraft, satellites, automobiles, and others. As per the technology, it is categorized into expansion and corrugation. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The high temperature honeycomb sandwich materials market share is analyzed across all significant regions and countries.

The key players operating in the global high temperature honeycomb sandwich materials market include Corex Honeycomb, Eco Earth Solutions, EconCore N.V., Hexcel Corporation, Honylite Private Limited, Pacific Panels, Plascore Inc., Schutz GmbH & co., KGaA, The Gill Corporation, andUlbrich Stainless Steels and Special Metals Inc.

By type, stainless steel segment dominated the global market for high temperature honeycomb sandwich materials in 2020 and is expected to continue its dominance during the forecast period. Depending upon the grade of stainless steel, it can be used in applications where temperature reaches up to 2100 °F. Along with the high temperature application, stainless steel honeycomb offers good heat transfer properties, electromagnetic shielding properties, and heat resistance.

By application, aerospace & aircraft segment provided the largest share of the revenue in 2020. Aerospace and aircraft segment is expected to show lucrative growth over the forecast period and expected to dominate the application segment. Honeycomb is used in structural applications, owing to high stiffness to weight and a high strength-to-weight ratio. Moreover, high temperature honeycomb sandwich tolerate  high temperature along with high resistance to corrosion and fatigue. In defense, aircraft with high temperature honeycomb sandwich offers similar advantages to commercial aircraft.

By technology, expansion segment provided the largest share of the revenue in 2020 and is expected to continue its dominance during forecast period. In the expansion process, normally high-temperature honeycomb is manufactured in the low-density range.

Region wise, North America is a significant contributor to the global demand for high temperature honeycomb sandwich materials. high temperature honeycomb sandwich provides great strength while using the minimum amount of material, due to its hexagonal structure. In the U.S., it is widely used in the applications of aerospace and aircraft, satellites, and gas turbines.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the high-temperature honeycomb sandwich materials market analysis from 2020 to 2030 to identify the prevailing high-temperature honeycomb sandwich materials market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the high-temperature honeycomb sandwich materials market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global high-temperature honeycomb sandwich materials market trends, key players, market segments, application areas, and market growth strategies.

COVID-19 Impact on Market

• COVID-19 pandemic banned imports and export, thereby disrupting the supply chain and hampering the high temperature honeycomb sandwich materials market growth.
• There was a huge supply and demand gap due to the COVID-19 pandemic.
• Fluctuation in prices of high temperature honeycomb sandwich materials during COVID-19 was a major hindrance to the market.
• During COVID-19, the demand for high temperature honeycomb sandwich materials decreased in the aerospace and aircraft industry. International travel was banned, owing to lockdown across the globe, which impacted the aerospace and aircraft industry, which, in turn, impacted the market.

 High-Temperature Honeycomb Sandwich Materials Market Report Highlights