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The Honeycomb Sandwich Material Market Size was valued at USD 1.7 Billion in 2023 and is expected to reach USD 3.8 Billion by 2032 and grow at a CAGR of 9.5% over the forecast period 2024-2032. A honeycomb sandwich is a three-layer construction with a low-density core sandwiched between two relatively thin layers to improve mechanical qualities and save weight. Great temperature honeycomb constructions provide high strength, stiffness, corrosion resistance, and minimal raw material requirements during manufacturing.
Drivers:
Increasing demand in the aerospace industry.
Restraints:
Bending property of Aluminium.
Low-velocity impact.
Challenge:
The impact of the COVID-19 outbreak on essential businesses is limiting market expansion.
Opportunity:
Increasing investments in satellite manufacturing.
Growing production of aircraft.
Various vital sectors have been shut down as a result of the COVID-19 epidemic; as a result, code industries such as aerospace and automotive have produced a major problem in the year 2020. Because of the growing influence of COVID-19, production has been decreased to a very low level, reducing honeycomb sandwich material usage. The decline in aerospace and automotive output in 2020 has had a significant impact, and it has become a major factor limiting industry development.
By Material Type
Aluminum
Steel
Composites
Titanium
Inconel
Others
By Application
Aerospace
Automotive
Marine
Locomotive
Construction
Others
By Technology
Expansion
Corrugation
Molding
Extrusion
Others
Because of the large market for applications in aerospace and aviation, satellites, and gas turbines, North America dominated the market share. However, due to expansion in the aerospace and defence industry, particularly in rising nations such as China and India, Asia-Pacific is predicted to grow the quickest throughout the projection period.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Benecor, Inc., Pacific Panels, Inc., EconCore, Samia Canada, Inc., Ltd, 3M, Hexcel Corporation, Guangzhou Aloya Renoxbell Aluminum Co., COREX-Honeycomb, 3A Composites Holding AG, Liming Honeycomb Composites Co., Ltd., The Gill Corporation, and other players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.7 Billion |
Market Size by 2031 | US$ 3.6 Billion |
CAGR | CAGR of 9.5% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Material Type (Aluminum, Steel, Composites, Titanium, Inconel, Others) • By Application (Aerospace, Automotive, Marine, Locomotive, Construction, Others) • By Technology (Expansion, Corrugation, Molding, Extrusion, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Benecor, Inc., Pacific Panels, Inc., EconCore, Samia Canada, Inc., Ltd, 3M, Hexcel Corporation, Guangzhou Aloya Renoxbell Aluminum Co., COREX-Honeycomb, 3A Composites Holding AG, Liming Honeycomb Composites Co., Ltd., The Gill Corporation, and other players. |
DRIVERS | • Increasing demand in the aerospace industry. |
Restraints | • Bending property of Aluminium. • Low-velocity impact. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The impact of the COVID-19 outbreak on essential businesses is limiting market expansion are the challenges faced by the Honeycomb Sandwich Material Market.
Ans: Benecor, Inc., Pacific Panels, Inc., EconCore, Samia Canada, Inc., Ltd, 3M, Hexcel Corporation, Guangzhou Aloya Renoxbell Aluminum Co., COREX-Honeycomb, 3A Composites Holding AG, Liming Honeycomb Composites Co., Ltd. And The Gill Corporation are the major key players of Honeycomb Sandwich Material Market.
Ans: Bending property of Aluminium and Low-velocity impact are the restraints for Honeycomb Sandwich Material Market.
Ans: Global Honeycomb Sandwich Material Market Size was valued at USD 1.7 billion in 2023, and expected to reach USD 3.6 billion by 2031, and grow at a CAGR of 9.5% over the forecast period 2024-2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Honeycomb Sandwich Material Market Segment, By Material Type
8.1 Aluminum
8.2 Steel
8.3 Composites
8.4 Titanium
8.5 Inconel
8.6 Others
9. Global Honeycomb Sandwich Material Market Segment, By Application
9.1 Aerospace
9.2 Automotive
9.3 Marine
9.4 Locomotive
9.5 Construction
9.6 Others
10. Global Honeycomb Sandwich Material Market Segment, By Technology
10.1 Expansion
10.2 Corrugation
10.3 Molding
10.4 Extrusion
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Benecor, Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Pacific Panels, Inc.
12.3 EconCore
12.4 3M
12.5 Hexcel Corporation
12.6 Guangzhou Aloya Renoxbell Aluminum Co
12.7 COREX-Honeycomb
12.8 3A Composites Holding AG
12.9 Liming Honeycomb Composites Co., Ltd.
12.10 The Gill Corporation
12.11 Samia Canada, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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