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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Honeycomb Core Materials Market Growth
The growing deployment of honeycomb core materials in various construction applications in the construction industry is aiding the market growth. As such materials have high strength and low density, they are increasingly deployed in innovative architectural construction, which is propelling the market growth. Moreover, the rising demand for lightweight and durable materials in decorative structures is surging the deployment of honeycomb core materials, hence invigorating the market growth. The increasing construction of green buildings in both developed and developing countries is also escalating the demand for honeycomb core materials in the construction industry, which is fuelling the market growth. The increasing use of honeycomb core materials owing to their mechanical strength and dimensional accuracy in the aerospace industry is invigorating the market growth. The durability and precision offered by the materials are surging the deployment of materials to enhance the operational efficiency of aircraft, which is significantly contributing to the market growth. Moreover, the increasing focus on fuel efficiency is leading to the adoption of honeycomb panels in the industry, which is anticipated to provide further impetus to the growth of the honeycomb core materials industry in the forecast period.
Honeycomb Core Materials Market Report Snapshots
Honeycomb Core Materials Market Size
Honeycomb Core Materials Market Growth
Honeycomb Core Materials Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global honeycomb core materials market attained a value of nearly USD 3.70 billion.
The market is projected to grow at a CAGR of 11.22% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.56 billion by 2032.
The market is being driven by the growing use of honeycomb core materials in the construction and aerospace industry owing to their favourable properties and the rising demand for the materials in industrial applications.
The key trends of the market include the increasing demand for sustainable materials in the packaging market, and the growing prevalence of recyclable packaging, and increasing awareness regarding honeycomb core materials.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of honeycomb core materials in the market are paper, Nomex, aluminium, and thermoplastic, among others.
The significant applications in the market are composites, non-composites, aluminium, and thermoplastic, among others.
The various end uses of honeycomb core materials are aerospace and defence, automotive, packaging, and construction and infrastructure, among others.
The key players in the global honeycomb core materials market are Hexcel Corporation, Argosy International Inc., Honicel Nederland B.V., Euro-Composites Group, and Schütz GmbH & Co. KGaA, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124