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Honeycomb Core Materials Market Trends

Report ID: GMI6338
Published Date: Jul 2023
Report Format: PDF

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Honeycomb Core Materials Market Trends

Technological improvements in manufacturing processes and material innovations are further propelling the adoption of honeycomb core materials in various industries. For instance, the use of fiber-reinforced composites is a growing trend in the honeycomb core materials industry, as these composites offer numerous advantages over traditional materials, such as aluminum and Nomex paper. Fiber-reinforced composites are lighter, stronger, and more resistant to corrosion and high temperatures.

Besides, the recyclability and eco-friendly nature of honeycomb core materials align with the increasing focus on sustainable practices, enhancing their attractiveness in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for honeycomb core materials crossed USD 2.8 billion in 2022 and is poised to expand at over 8% CAGR from 2023 to 2032 owing to the commendable rise in construction and infrastructure projects worldwide.

Aerospace segment held 28% of the honeycomb core materials industry share in 2022, driven by the lightweight nature and exceptional strength-to-weight ratio of honeycomb core materials, making them ideal for aerospace applications.

North America honeycomb core materials market value reached USD 1 billion in 2022, attributed to the strong outlook of the aerospace and defense industries.

Hexcel Corporation, Euro-Composites S.A., The Gill Corporation, Plascore, Inc., Advanced Honeycomb Technologies, Corex Honeycomb, HONYLITE, ACP Composites, Pacific Panels, Inc., EconCore N.V.