Honeycomb Board Market Share, Size, Trends, Industry Analysis Report, By Material (Metal Honeycomb Boards and Non-metal Honeycomb Boards); By Type; By End-Use; By Region; Segment Forecast, 2023 - 2032

Honeycomb Board Market Share, Size, Trends, Industry Analysis Report, By Material (Metal Honeycomb Boards and Non-metal Honeycomb Boards); By Type; By End-Use; By Region; Segment Forecast, 2023 - 2032



The global honeycomb board market size is expected to reach USD 5,123.21 million by 2032, according to a new study by Polaris Market Research. The report “Honeycomb Board Market Share, Size, Trends, Industry Analysis Report, By Material (Metal Honeycomb Boards and Non-metal Honeycomb Boards); By Type; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing product utilization in the packaging industry due to their lightweight, high strength, and excellent cushioning properties and continuous rise in e-commerce and online shopping trend across the globe fueling the need for protective packaging solutions and boosting the demand for honeycomb boards at an exponential rate. Product demand has gained significant traction due to the growing emphasis on reducing vehicle weight to enhance or improve fuel efficiency among automobile industry players.

In addition, the rising penetration of technological advancements in honeycomb board manufacturing processes, such as improved bonding techniques, enhanced strength properties, and customization options, that have made them more versatile and attractive to various industries, is contributing positively towards the market's growth. For instance, in June 2023, The Gill Corporation introduced its new product named Gillfab 4037 sandwich panel, made of fiberglass cloth laminate facings and aluminum honeycomb core. The product is mainly designed with lightweight and high-strength materials and has good corrosion resistance and self-extinguishing characteristics.

In recent years, manufacturers have been extensively focusing on developing new techniques, such as advanced bonding techniques that enhance the strength and durability of honeycomb boards, as these techniques include using high-performance adhesives, thermoplastic bonding, and thermoforming processes while ensuring better adhesion between the honeycomb core and the facing materials, thereby gaining huge traction and creating huge growth potential for the players operating in the market.

In addition, the growing popularity and proliferation of greener business practices across the globe, which mainly aimed at helping customers to reduce their carbon footprint, as an increasing number of customers globally prefer organizations that focus on embracing corporate sustainability and who are seeking options to deliver sustainable and eco-friendly solutions to customers.

Honeycomb Board Market Report Highlights

Metal honeycomb boards segment accounted for largest market share in 2022, on account of its structural integrity, high load-bearing capacity, and better resistance to compression

Reinforced segment is expected to hold substantial market share in 2022, mainly due to continuously growing technological advancements in production processes of reinforced boards

Automotive segment is projected to be the fastest growing segment during the forecast period, mainly driven by rising focus on automobile manufacturers towards reducing their vehicles weight and emissions

Asia Pacific region dominated the global market with largest share in 2022, owing to significant growth in product demand from packaging sector and emergence of several e-commerce platforms

The global key market players include Sonoco Products, Europanel Products, Honicel Honeycomb Technology, Kernow Coatings, Plascore Incorporated, and Greencore Packaging

Polaris Market Research has segmented the honeycomb board market report based on material, type, end-use, and region:

Honeycomb Board, Material Outlook (Revenue - USD Million, 2019 - 2032)

Metal Honeycomb Board

Non-metal Honeycomb Board

Honeycomb Board, Type Outlook (Revenue - USD Million, 2019 - 2032)

Reinforced

Non-reinforced

Honeycomb Board, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

Aerospace

Automotive

Marine

Construction

Packaging

Others

Honeycomb Board, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Honeycomb Board Market Insights
4.1. Honeycomb Board Market – End-Use Snapshot
4.2. Honeycomb Board Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising awareness about environmental issues
4.2.1.2. Lightweight and High Strength
4.2.2. Restraints and Challenges
4.2.2.1. Limited Fire Resistance
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Honeycomb Board Market End-Use Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Honeycomb Board Market, by Material
5.1. Key Findings
5.2. Introduction
5.2.1. Global Honeycomb Board Market, by Material, 2019-2032 (USD Million)
5.3. Metal Honeycomb Boards
5.3.1. Global Honeycomb Board Market, by Metal Honeycomb Boards, by Region, 2019-2032 (USD Million)
5.4. Non-metal Honeycomb Boards
5.4.1. Global Honeycomb Board Market, by Non-metal Honeycomb Boards, by Region, 2019-2032 (USD Million)
6. Global Honeycomb Board Market, by Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Honeycomb Board Market, by Type, 2019-2032 (USD Million)
6.3. Reinforced
6.3.1. Global Honeycomb Board Market, by Reinforced, by Region, 2019-2032 (USD Million)
6.4. Non-reinforced
6.4.1. Global Honeycomb Board Market, by Non-reinforced, by Region, 2019-2032 (USD Million)
7. Global Honeycomb Board Market, by End-Use
7.1. Key Findings
7.2. Introduction
7.2.1. Global Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
7.3. Aerospace
7.3.1. Global Honeycomb Board Market, by Aerospace, By Region, 2019-2032 (USD Million)
7.3.2. Automotive
7.3.2.1. Global Honeycomb Board Market, by Automotive, By Region, 2019-2032 (USD Million)
7.3.3. Marine
7.3.3.1. Global Honeycomb Board Market, by Marine, By Region, 2019-2032 (USD Million)
7.3.4. Construction
7.3.4.1. Global Honeycomb Board Market, by Construction, By Region, 2019-2032 (USD Million)
7.4. Packaging
7.4.1. Global Honeycomb Board Market, by Packaging, By Region, 2019-2032 (USD Million)
7.5. Others
7.5.1. Global Honeycomb Board Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Honeycomb Board Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Honeycomb Board Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. Honeycomb Board Market – North America
8.3.1. North America: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.3.2. North America: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.3.3. North America: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.3.4. Honeycomb Board Market – U.S.
8.3.4.1. U.S.: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.3.4.2. U.S.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.3.4.3. U.S.: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.3.5. Honeycomb Board Market – Canada
8.3.5.1. Canada: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.3.5.2. Canada.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.3.5.3. Canada: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4. Honeycomb Board Market – Europe
8.4.1. Europe: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.2. Europe.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.3. Europe: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.4. Honeycomb Board Market – UK
8.4.4.1. UK: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.4.2. UK.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.4.3. UK: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.5. Honeycomb Board Market – France
8.4.5.1. France: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.5.2. France.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.5.3. France: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.6. Honeycomb Board Market – Germany
8.4.6.1. Germany: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.6.2. Germany.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.6.3. Germany: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.7. Honeycomb Board Market – Italy
8.4.7.1. Italy: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.7.2. Italy.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.7.3. Italy: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.8. Honeycomb Board Market – Spain
8.4.8.1. Spain: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.8.2. Spain.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.8.3. Spain: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.9. Honeycomb Board Market – Netherlands
8.4.9.1. Netherlands: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.9.2. Netherlands.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.9.3. Netherlands: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.4.10. Honeycomb Board Market – Russia
8.4.10.1. Russia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.4.10.2. Russia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.4.10.3. Russia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5. Honeycomb Board Market – Asia Pacific
8.5.1. Asia Pacific: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.2. Asia Pacific.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.3. Asia Pacific: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.4. Honeycomb Board Market – China
8.5.4.1. China: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.4.2. China.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.4.3. China: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.5. Honeycomb Board Market – India
8.5.5.1. India: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.5.2. India.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.5.3. India: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.6. Honeycomb Board Market – Malaysia
8.5.6.1. Malaysia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.6.2. Malaysia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.6.3. Malaysia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.7. Honeycomb Board Market – Japan
8.5.7.1. Japan: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.7.2. Japan.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.7.3. Japan: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.8. Honeycomb Board Market – Indonesia
8.5.8.1. Indonesia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.8.2. Indonesia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.8.3. Indonesia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.5.9. Honeycomb Board Market – South Korea
8.5.9.1. South Korea: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.5.9.2. South Korea.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.5.9.3. South Korea: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.6. Honeycomb Board Market – Middle East & Africa
8.6.1. Middle East & Africa: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.6.2. Middle East & Africa.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.6.3. Middle East & Africa: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.6.4. Honeycomb Board Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.6.4.2. Saudi Arabia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.6.4.3. Saudi Arabia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.6.5. Honeycomb Board Market – UAE
8.6.5.1. UAE: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.6.5.2. UAE.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.6.5.3. UAE: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.6.6. Honeycomb Board Market – Israel
8.6.6.1. Israel: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.6.6.2. Israel.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.6.6.3. Israel: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.6.7. Honeycomb Board Market – South Africa
8.6.7.1. South Africa: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.6.7.2. South Africa.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.6.7.3. South Africa: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.7. Honeycomb Board Market – Latin America
8.7.1. Latin America: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.7.2. Latin America.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.7.3. Latin America: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.7.4. Honeycomb Board Market – Mexico
8.7.4.1. Mexico: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.7.4.2. Mexico.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.7.4.3. Mexico: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.7.5. Honeycomb Board Market – Brazil
8.7.5.1. Brazil: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.7.5.2. Brazil.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.7.5.3. Brazil: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
8.7.6. Honeycomb Board Market – Argentina
8.7.6.1. Argentina: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
8.7.6.2. Argentina.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
8.7.6.3. Argentina: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Crown Holdings Inc
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Europanel Products Pvt. Ltd
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Falconboard
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Greencore Packaging
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Guangdong Meiyan Jixiang Hygiene Material Co. Ltd
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Hexcel Corporation
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Honicel Honeycomb Technology
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Kernow Coatings
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. LSquare Eco Products Pvt. Ltd
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Packaging Corporation of America
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Plascore Incorporated
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Sonoco Products
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Tricel Honeycomb Corporation
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development

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