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Global Honeycomb Core Materials Market Size, Share, Growth: By Product: Paper, Nomex, Aluminium, Thermoplastic, Others; By Application: Composites, Non-Composites, Aluminium, Thermoplastic, Others; By End Use: Aerospace and Defence, Automotive, Packaging, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Honeycomb Core Materials Market Outlook
The global honeycomb core materials market attained a value of about USD 3.33 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 11.22% to reach nearly USD 6.25 billion by 2032.
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Increasing Deployment of Honeycomb Core Materials in the Construction Industry Boosting the 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 Segmentation
Honeycomb core materials are lightweight materials that are made up of natural or artificial honeycomb structures. They have excellent properties such as low-density, high-mechanical strength, and biodegradability, due to which they are increasingly preferred in various industries such as construction, packaging, and packaging, among others. Moreover, they are extensively deployed in various industrial applications.
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The major products of honeycomb core materials are:
- Paper
- Nomex
- Aluminium
- Thermoplastic
- Others
The market can be broadly categorised on the basis of its applications into:
- Composites
- Non-Composites
- Aluminium
- Thermoplastic
- Others
Based on the end use, the market is divided into:
- Aerospace and Defence
- Automotive
- Packaging
- Construction and Infrastructure
- Others
The EMR report looks into the regional markets of honeycomb core materials like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Eco-Friendly Materials in the Packaging Industry to Bolster the Market Growth
The rising demand for the deployment of sustainable and biodegradable materials in packaging is increasing the use of honeycomb core materials. The cost-effectiveness and superior strength of honeycombs make it an ideal material to be deployed in protective packaging in pallets and packaging filler. Moreover, it can be integrated with materials like plastic and plywood to form materials with superior strength. This, in turn, is surging the use of honeycomb core materials in the packaging industry, hence augmenting the market growth.
In addition, honeycomb packaging is used in various industries such as transportation and furniture, among others, to provide enhanced protection to products while boosting energy-efficiency, which is augmenting the growth of the honeycomb core materials industry. The increasing demand for honeycomb core materials in industrial packaging owing to the rising requirement of lightweight products for efficient supply chains is expected to drive the market growth. The trend of recyclable packaging is projected to surge the demand for honeycomb core materials, which is estimated to fuel the market growth in the forecast period.
Key Industry Players in the Global Honeycomb Core Materials Market
The report presents a detailed analysis of the following key players in the global honeycomb core materials market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Hexcel Corporation
- Argosy International Inc.
- Honicel Nederland B.V.
- Euro-Composites Group
- Schütz GmbH & Co. KGaA
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, End Use, Region |
| Breakup by Product | Paper, Nomex, Aluminium, Thermoplastic, Others |
| Breakup by Application | Composites, Non-Composites, Aluminium, Thermoplastic, Others |
| Breakup by End Use | Aerospace and Defence, Automotive, Packaging, Construction and Infrastructure, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Hexcel Corporation, Argosy International Inc., Honicel Nederland B.V., Euro-Composites Group, Schütz GmbH & Co. KGaA, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Honeycomb Core Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Honeycomb Core Materials Historical Market (2018-2023)
8.3 Global Honeycomb Core Materials Market Forecast (2024-2032)
8.4 Global Honeycomb Core Materials Market by Product
8.4.1 Paper
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Nomex
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Aluminium
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Thermoplastic
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Honeycomb Core Materials Market by Application
8.5.1 Composites
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Non-Composites
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Aluminium
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Thermoplastic
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Honeycomb Core Materials Market by End Use
8.6.1 Aerospace and Defence
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Packaging
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Construction and Infrastructure
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Honeycomb Core Materials Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Honeycomb Core Materials Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Honeycomb Core Materials Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Honeycomb Core Materials Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Honeycomb Core Materials Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Honeycomb Core Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hexcel Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Argosy International Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honicel Nederland B.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Euro-Composites Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Schütz GmbH & Co. KGaA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Honeycomb Core Materials Market: Key Industry Highlights, 2018 and 2032
2. Global Honeycomb Core Materials Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Honeycomb Core Materials Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Honeycomb Core Materials Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Honeycomb Core Materials Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Honeycomb Core Materials Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Honeycomb Core Materials Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Honeycomb Core Materials Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Honeycomb Core Materials Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Honeycomb Core Materials Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Honeycomb Core Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Honeycomb Core Materials Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Honeycomb Core Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Honeycomb Core Materials Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Honeycomb Core Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Honeycomb Core Materials Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Honeycomb Core Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Honeycomb Core Materials Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Honeycomb Core Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Honeycomb Core Materials Market Structure
Key Questions Answered in the Report
In 2023, the global honeycomb core materials market attained a value of nearly USD 3.33 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 6.25 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.
Analyst Review
The global honeycomb core materials market attained a value of nearly USD 3.33 billion in 2023, driven by the growing use of honeycomb core materials in the construction industry. Aided by the increasing demand for sustainable materials in the packaging industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11.22%. The market is projected to reach about USD 6.25 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the honeycomb core materials industry can be segmented into paper, Nomex, aluminium, and thermoplastic, among others. On the basis of application segments, the industry is divided into composites, non-composites, aluminium, and thermoplastic, among others. By end uses, the market is categorised into aerospace and defence, automotive, packaging, and construction and infrastructure, among others. The major regional markets for honeycomb core materials are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hexcel Corporation, Argosy International Inc., Honicel Nederland B.V., Euro-Composites Group, and Schütz GmbH & Co. KGaA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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