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Honeycomb Core Materials Market Size
- Report ID: GMI6338
- Published Date: Jul 2023
- Report Format: PDF
Honeycomb Core Materials Market Size
Honeycomb Core Materials Market size surpassed USD 2.8 billion in 2022. With a commendable rise in construction and infrastructure projects worldwide, the industry is poised to expand at over 8% CAGR from 2023 to 2032.
Consistent population growth and the accelerating pace of urbanization across both developed and developing countries have highlighted the need for housing and robust urban infrastructure. According to Invest India, more than 40% of the Indian population could be living in urban areas by 2030. This will create a demand for 25 million additional mid-end and affordable units. To that end, under the National Investment Plan (NIP), India allocated $1.4 Tn as an investment budget on infrastructure, dedicating 24% to renewable energy, 18% to roads & highways, 17% to urban infrastructure, and 12% to railways. Honeycomb core materials are used in construction for sandwich panels, doors, and flooring for enhanced strength and thermal insulation, fostering product demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Honeycomb Core Materials Market Size in 2022: | USD 2.85 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 6.3 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 135 |
| Segments covered: | By Type, By End Use, By Region |
| Growth Drivers: |
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Honeycomb Core Materials Market Scope
