Honeycomb Core Materials Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The need for lightweight, high strength, and recyclable packaging solutions is driving the market for honeycomb core materials globally.
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Honeycomb Core Materials Market Segment Insights:
By Type:
Based on the type, the market is segmented as aluminum, nomex, thermoplastic, paper, and others. The paper segment is estimated to lead the market in the coming five years in terms of volume. Nomex honeycomb finds applications in aerospace & defense, sporting goods, and transportation.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as packaging, aerospace & defense, transportation, construction & infrastructure, and others. The packaging segment led the market in 2018, in terms of value and volume. The growth of this segment is attributed to the large-scale application in various end-use industries.
By Region:
In terms of regions, Asia-Pacific is expected to be the largest market for honeycomb core materials in the coming five years. China and India are the growth engines of the region. The market is sustained by the growing demand for honeycomb core materials from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the honeycomb core material manufacturers are Hexcel Corporation, Argosy International, Euro-Composites, Corinth Group, Axxion Group, Koninklijke Ten Cate B.V, Advanced Honeycomb Technologies (AHT), Thermhex Waben GmbH, The Gill Corporation, Ten Cate, and Tubus Baer GmbH.
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