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The honeycomb sandwich material market was estimated at around USD 1.38 billion in 2021, growing at a CAGR of nearly 6.6% during 2022-2030. The market is projected to reach approximately USD 2.46 billion by 2030.
The geometry of a honeycomb allows for the minimization of the quantity of material utilized to achieve minimal weight and minimal material cost. Honeycomb structures can be either natural or man-made. Although honeycomb structures can have a wide range of geometries, they all share an array of hollow cells that are produced between slender vertical walls. The form of the cells is frequently columnar & hexagonal. A material having a honeycomb-shaped structure has a low density as well as relatively high out-of-plane compression and shear capabilities. A honeycomb material is typically layered between two thin layers that offer strength in tension to create artificial honeycomb structural elements. A plate-like assembly result from this. When flat or somewhat curved surfaces are required, honeycomb materials are frequently employed because of their high Specific strength. Because of this, honeycomb materials in fiberglass, aluminum, and advanced composite materials are widely employed in the aerospace sector and have been present in aircraft and rockets since the 1950s. They are also used in a wide variety of other industries, including packaging products like paper-based honeycomb cardboard and recreational items like skis and snowboards. The expansion of the global Honeycomb Sandwich Material Market is primarily driven by an increase in demand from the aerospace industry and an increase in applications in the automotive industry. The new 3D printing technology, on the other hand, would give market participants new opportunities.
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Honeycomb Sandwich Material Market: COVID – 19 Impact Analysis
The COVID-19 epidemic has had an effect on economies and enterprises in a number of countries through lockdowns, travel bans, and business closures. The worldwide travel industry is one of the main sectors being affected by this outbreak. Offices have been shuttered, technology events have been delayed, and supply systems have collapsed. Due to COVID-19's effects on the global economy and supply chain, the aerospace market is also suffering as a result of travel bans, and low passengers. The automobile and aerospace industries are experiencing a severe crisis as a result of COVID-19, which is preventing the market from expanding.
Rise in innovations
The market for honeycomb sandwich materials is driven by innovation in the field of material science to lower energy consumption. Since 2018, manufacturers have been creating composite sandwich panels with minimal fire advancement and smoke/toxic gas emission characteristics for interior structurers. As a result, the finished product has strong mechanical qualities at a cheaper cost and will be used for interior aircraft applications. Additionally, the honeycomb structure is unaffected and gains a light weight quality that will improve the fuel efficiency factor.
Thriving production of aircraft
A honeycomb sandwich is a three-layer construction that has a low-density core sandwiched between two relatively thin layers to improve its mechanical qualities and lighten its weight. Some characteristics of high-temperature honeycomb constructions include high stiffness, corrosion resistance, strength, and minimal raw material requirement during manufacturing. A rise in the production of various aircraft and expansion of the space sector globally are the main factors propelling the Honeycomb Sandwich Material Market. The usage of honeycomb sandwich materials is widespread in the aerospace and aviation industries because they offer exceptional mechanical qualities and are lightweight, which saves fuel and lightens the load on the vehicle.
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.
By application, the aerospace segment is anticipated to dominant the honeycomb sandwich material market during the forecast period. Its high stiffness to weight ratio and high strength to weight ratio are to blame for this. The market for honeycomb sandwich materials is expected to expand globally during the projected period as a result of driving factors such expenditures in the satellite manufacturing industry as well as rising aircraft production.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 6.6% |
| Segments Covered |
By Type |
Regional Landscape
It is projected that North America, which presently holds the majority of the market's revenue share, will continue to be one of the most enticing markets during the projection period. With the help of implementing technical developments into the product range, key players like Encocam Ltd. and Honeylite will help the market flourish. The market expansion across the region would be expanded by increased expenditures by businesses on R&D.
The global Honeycomb Sandwich Material market is segmented as follows:
By Type
By Application
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rise in innovations
5.2.2. Thriving production of aircraft
5.3. Restrains
5.3.1. High cost of production and raw materials would hamper the market
5.4. Opportunities
5.4.1. Emerging 3D printing technology
6. Global Honeycomb Sandwich Material Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Aluminum
6.3. Steel
6.4. Composites
6.5. Titanium
6.6. Inconel
6.7. Others
7. Global Honeycomb Sandwich Material Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Aerospace
7.3. Automotive
7.4. Marine
7.5. Locomotive
7.6. Construction
7.7. Others
8. Global Honeycomb Sandwich Material Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Honeycomb Sandwich Material Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Honeycomb Sandwich Material Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Type Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Benecor Inc.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Application Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Encore N.V.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Application Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Samia
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Application Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Gill Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Application Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Schweiter Technologies
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Application Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Honeylite
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Application Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Foshan Liming
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Application Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Pacific Panels
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Application Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Encocam Ltd.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Application Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Hexcel Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Application Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
2. Global Aluminum Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
3. Global Steel Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
4. Global Composites Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
5. Global Titanium Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
6. Global Inconel Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
7. Global Others Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
8. Global Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
9. Global Aerospace Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
10. Global Automotive Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
11. Global Marine Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
12. Global Locomotive Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
13. Global Construction Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
14. Global Others Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
15. Global Honeycomb Sandwich Material Market, By Region, 2022-2030(USD Billion)
16. Global Honeycomb Sandwich Material Market, By North America, 2022-2030(USD Billion)
17. North America Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
18. North America Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
19. U.S. Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
20. U.S. Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
21. Canada Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
22. Canada Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
23. Mexico Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
24. Mexico Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
25. Europe Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
26. Europe Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
27. Germany Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
28. Germany Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
29. France Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
30. France Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
31. U.K. Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
32. U.K. Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
33. Italy Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
34. Italy Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
35. Spain Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
36. Spain Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
37. Rest of Europe Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
38. Rest of Europe Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
39. Asia Pacific Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
40. Asia Pacific Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
41. Japan Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
42. Japan Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
43. China Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
44. China Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
45. India Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
46. India Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
47. Australia Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
48. Australia Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
49. South Korea Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
50. South Korea Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
51. Rest of Asia-Pacific Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
52. Rest of Asia-Pacific Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
53. South America Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
54. South America Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
55. Brazil Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
56. Brazil Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
57. Argentina Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
58. Argentina Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
59. Rest of Latin America Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
60. Rest of Latin America Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
61. Middle East and Africa Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
62. Middle East and Africa Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
63. UAE Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
64. UAE Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
65. South Africa Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
66. South Africa Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
67. Egypt Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
68. Egypt Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
69. Kuwait Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
70. Kuwait Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
71. Saudi Arabia Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
72. Saudi Arabia Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
73. Rest of Middle East Honeycomb Sandwich Material Market, By Type, 2022-2030(USD Billion)
74. Rest of Middle East Honeycomb Sandwich Material Market, By Application, 2022-2030(USD Billion)
List of Figures
1. Global Honeycomb Sandwich Material Market Segmentation
2. Honeycomb Sandwich Material Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Honeycomb Sandwich Material Market Attractiveness Analysis By Type
9. Global Honeycomb Sandwich Material Market Attractiveness Analysis By Application
10. Global Honeycomb Sandwich Material Market Attractiveness Analysis By Region
11. Global Honeycomb Sandwich Material Market: Dynamics
12. Global Honeycomb Sandwich Material Market Share By Type(2022 & 2030)
13. Global Honeycomb Sandwich Material Market Share By Application(2022 & 2030)
14. Global Honeycomb Sandwich Material Market Share by Regions (2022 & 2030)
15. Global Honeycomb Sandwich Material Market Share by Company (2021)
By Type
By Application
By Region/Geography
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