Industry Background:
Aramid Honeycomb is a lightweight, non-metallic, high-strength, honeycomb core material manufactured from aramid fiber paper. It is coated with a heat-resistant phenolic resin to increase its strength and thermal properties. It is increasingly used in the Aerospace and transportation industry due to the requirement of high-performance components owing to high mechanical properties, low density, and good long-term stability. Moreover, it is ideal for any structure which requires corrosion resistance and thermal insulation.This growth is primarily driven by Increasing Demand from Aerospace and Automobile Industry across the Globe Due To Its Lightweight Properties and High Demand from the Transportation Industry.
Globally, a noticeable market trend is evident Extensive Use of ‘Nomex’ Honeycomb Material in Aerospace Applications like Cabinets, Lockers, and Bulkheads As well As in High-Performance Motorsports. Major Vendors, such as Hexcel Corporation (United States), The Gill Corporation (United States), Plascore, Inc. (United States), Argosy International, Inc. (United States), ACP Composites, Inc. (United States), Euro-Composites S.A. (Luxembourg), Showa Aircraft Company Ltd. (Japan), Tasuns Composites Co. Ltd. (China), Schutz Composite GmbH (Germany) and Advanced Honeycomb Technologies (Turkey) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In September 2019, Plascore Inc. has invested USD 6 million to expand its aerospace business unit Zeeland, Michigan, United States. This expansion has helped the company to increase the production capacity of aramid honeycomb core materials at a competitive cost to meet the demand of aerospace customers.
Market Drivers
- Increasing Demand from Aerospace and Automobile Industry across the Globe Due To Its Lightweight Properties
- High Demand from the Transportation Industry
Market Trend
- Extensive Use of ‘Nomex’ Honeycomb Material in Aerospace Applications like Cabinets, Lockers, and Bulkheads As well As in High-Performance Motorsports
Restraints
- High Cost Associated With Raw Materials Used For Developing the Aramid Honeycomb Core Materials
Opportunities
Low-Cost Aramid Honeycomb Core Materials from Japanese, Chinese, and South Korean Counterparts and Increasing Penetration of Para-Aramid Honeycomb Core in the Aerospace Industry
Challenges
Maintenance of Uninterrupted Supply Chain and Operating At Full Production Capacity
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aramid Honeycomb Core Materials Study Sheds Light on
The Aramid Honeycomb Core Materials Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Aramid Honeycomb Core Materials industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aramid Honeycomb Core Materials industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.