About Honeycomb Sandwich
The use of a honeycomb sandwich structure is increasing rapidly owing to their excellent strength to weight and stiffness to weight characteristics. Honeycomb sandwich is widely used in aerospace & defense, automotive, marine, locomotives, construction, among other industries. The strength of the honeycomb sandwich structure is a combination property of the skin, core, and core-skin interfacial bonding. Nowadays, honeycomb sandwich structures are increasingly being used to replace traditional materials in high load applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market for honeycomb sandwich materials is categorized into type and application sectors. In the upcoming years, the industry is expected to be dominated by the aluminum market category. This is brought on by a variety of factors, including as the growth of the auto industry, the manufacture of aircraft, and the increasing acceptance of lightweight and fuel-efficient cars. Weight also plays a big part in how effective an aircraft is in general. Due to its high mechanical qualities, aluminum honeycomb sandwich material offers significant potential in a variety of applications. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Honeycomb Sandwich 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.
Hexcel (United States), Liming Honeycomb (China), Gill Corporation (United States), Alucoil (France), Beecore Honeycomb (China), EconCore (Belgium), Plascore Inc. (United States), Sika AG (Switzerland), Pacfic Panels Inc. (United States), TRB Lighweight Structures Ltd (United Kingdom), Samia (Canada), Coretex Group (United Kingdom) and EverGreen Group (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are HONYLITE (India), FORM s.r.o. (Czech Republic), General Veneer (United States), Sansheng Building Material (China), Daou Aluminum (China), Nanhai Hongwei (China), Advanced Custom Manufacturing (United States) and Hubei Hangyu (China).
Segmentation Overview
AMA Research has segmented the market of Global Honeycomb Sandwich market by Type (Aluminum Core, Aramid Core, Thermoplastic Core and Other), Application (Aerospace & Defense, Automotive, Marine, Locomotives, Construction and Others) and Region.
On the basis of geography, the market of Honeycomb Sandwich 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 Cell Shape, the sub-segment i.e. Square will boost the Honeycomb Sandwich market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel, the sub-segment i.e. Direct Sales will boost the Honeycomb Sandwich market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Use in the Aerospace Industry and Honeycomb Sandwich Structures Are Increasing Being Used To Replace Traditional Materials in Highly Load Applications
Market Growth Drivers:
Increasing Rapidly Due To Their Excellence Strength to Weight and Stiffness to Weight Characteristics and The Upsurging Application of Honeycomb Sandwich among the Aircrafts, Ships, and Bridges
Challenges:
Intense Competition among the Players
Opportunities:
Technological Advancements in Honeycomb Sandwich and The Growing Shipbuilding Industry Worldwide
Market Leaders and their expansionary development strategies
In May 2021, EconCore and SABIC collaborate on new honeycomb core for EV applications. These properties enable the new core material to be used in demanding applications such as certain automotive, e-mobility and photovoltaic components.
In September 2020, In order to create FST approved thermoplastic honeycomb panels for use in mass transit applications, such as aircraft interiors, Toray Advanced Composites, EconCore, a pioneer in thermoplastic honeycomb core technology, and Bostik worked together.
Key Target Audience
Honeycomb Sandwich Manufacturers, Honeycomb Sandwich Raw Material Suppliers, Honeycomb Sandwich Traders/Distributors, Honeycomb Sandwich Importer/Exporter, Regulatory & Government Bodies, Research & Consulting Firms, 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.