About Honeycomb Panels
Honeycomb panels are usually used for display purposes. This panel is named honeycomb owing to its honeycomb structure or hexagonal structure. These panels are available in a variety of materials, thickness, and sizes. It can be made from paper, metal and plastic materials. These panels have lightweight, excellent strength, high thermal conductivity, and robust and sturdy properties. It can be made as per customer requirement. Honeycomb panels used for display racks, doors, and showpieces. These panels are easy to cut, paste and other modification processes. The increasing demand for honeycomb panels in various industries like automotive, aerospace, and construction for the ceiling, partitioning and for improving the performance of doors, walls, and floors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Honeycomb Panels market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Plascore Incorporated (United States), Aludecor (HMB Group) (India), PortaFab Corporation (United States), EconCore N.V. (Belgium), ThermHex Waben GmbH (Germany), Baker Sheet Metal Corp. (United States), Tricel Honeycomb Corporation (United States), Extrutech Plastics, Inc. (United States), Corex Honeycomb (United Kingdom), Gilcrest Manufacturing (United Kingdom), Pacific Panels (United States), Hexcel Corporation (United States) and Tubus Baer GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are YOJ Pack-kraft (India), Excellence Machinery Co., Ltd (India), Foshan Hexbond Building Materials Co., Ltd (China) and Guangdong Bolliya Metal Building Materials Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Honeycomb Panels market by , Application (Furniture, Door, Ceiling, Wall Cladding, Partition and Decoration) and Region.
On the basis of geography, the market of Honeycomb Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness, the sub-segment i.e. 4mm will boost the Honeycomb Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usage, the sub-segment i.e. Indoor will boost the Honeycomb Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Building & Construction will boost the Honeycomb Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Aluminum will boost the Honeycomb Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Aluminum Honeycomb Panels Due to Its Fire Resistance, Lightweight and Weather Resistance Properties
Market Growth Drivers:
Rising Demand from Construction Industry for Ceiling, Wall Cladding, and Door Decorating, Increasing Use in Aerospace Industry Due to its Excellent Strength, Rigidity, Moisture-Proof, and Lightweight Core Material and Customization of Honeycomb Panels as Per the Customer Requirement
Challenges:
Fluctuating Prices of Raw Materials
Restraints:
Availability of Substitute Product Such as Composite Panels, Sandwich Panels will Restraint the Honeycomb Panel Market. and High Cost of the Honeycomb Panels
Opportunities:
Growing Building & Construction Activities across the Globe and Technological Innovation & Development in Decoration of Aerospace Industry
Market Leaders and their expansionary development strategies
In January 2024, The European Manufacturers Paper Honeycomb Association (EMPHA) has joined the environmental initiative Two Sides to further bolster the promotion of sustainable packaging solutions. The EMPHA is a pan-European association for paper honeycomb core and board product manufacturers.
In July 2023, EconCore (Leuven, Netherlands), a manufacturer of honeycomb sandwich material production technology, and Solarge (Weert, Netherlands), a producer of lightweight, sustainable solar panels, are launching at JEC World 2023 a new lightweight, fully circular solar panel, reducing the weight of solar installations by up to 65% for rooftops.
Key Target Audience
Honeycomb Panels Manufacturer, Raw Material Suppliers, Real Estate Companies, Aircraft Manufacturing Companies, Traders/Distributers/Exporters/Importers, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.