0

Honeycomb Sandwich Material Market is Expected to Reach $2.1 Billion by 2027

 
2022
Honeycomb Sandwich Material Market

Report Code : A01090

quote “The growing applications in aerospace and automotive industries seeking for enhanced properties in a material such as high strength, stiffness, corrosive resistance, minimum raw material requirement is greatly fostering the market growth for honeycomb sandwich material. Moreover, increased activities in such industries in emerging regions also drive the industry growth. New 3D printing technology for complex structure is expected to offer growth opportunities in near future.” quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research titled,“Honeycomb sandwich material Market by Type, and End-Use Industry: Opportunity Analysis and Industry Forecast, 2019–2026,” the Global Honeycomb sandwich material market was valued at $1.3 billion in 2019 and is anticipated to generate $2.1 billion by 2027. The market is projected to experience growth at a CAGR of 6.2% from 2020 to 2027.

Honeycomb sandwich is a structure with three layers, which offers high strength, stiffness, corrosive resistance, minimum raw material requirement. 

Increase in space and aviation activities across the world drives the market growth. These materials are widely used in the construction, automotive, and marine industries, as these provide remarkable mechanical properties and are lightweight, thus conserving fuel and reducing the weight of the marine vehicle. However, capital-intensive nature due to high cost of production and raw materials hampers the growth of the honeycomb sandwich material market. Meanwhile, 3D printing of honeycomb panels is expected to provide lucrative opportunities to the honeycomb material manufacturers.

The honeycomb sandwich material market is segmented into material type, application, technology, and region. By material type, the aluminum segment dominated the market share amongst aluminum, steel, composite, titanium, Inconel, and others. The composite segment is the fastest growing segment. On basis of application, the aerospace segment holds the largest market share amongst aerospace, automotive, marine, locomotive, construction, and others. The automotive segment is anticipated to grow at the fastest pace during the forecast period. By technology, the expansion segment dominates the market and is projected to remain dominant throughout the forecast period. Region wise, North America dominated the market share. However, Asia-Pacific is expected to be fastest growing during the forecast period.

The key players operating in the honeycomb sandwich material market are Benecor Inc., Encore N.V., Encocam Ltd., Hexcel Corporation, Honeylite, Foshan Liming, Pacific Panels, Samia, Gill Corporation, and Schweiter Technologies. The players in the market have adopted several strategies to sustain the market competition such as collaboration, joint venture, partnership, and new product launch.

Key findings of the study

  • Global honeycomb sandwich material market size is provided in terms of revenue
  • By region, India is projected to grow at the highest CAGR of approximately 7.8%, in terms of revenue, during the forecast period.
  • By application, the automotive segment is anticipated to grow with CAGR 6.8%, in terms of revenue, during the forecast period.
  • By region, the U.S. and Germany dominated the market with a revenue share of over 26.5% and 6.8% respectivelyin 2019.
  • A comprehensive analysis of the factors that drive and restrain the honeycomb sandwich material market growth is provided
  • The qualitative data in this report aims at the honeycomb sandwich material market trends, dynamics, and developments in the honeycomb sandwich material industry
  • The honeycomb sandwich material market forecast and estimations are based on factors impacting the market growth 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote World Honeycomb Sandwich Material Market - Opportunities And Forecasts, 2015 - 2022 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Honeycomb Sandwich Material Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers