Honeycomb Core Materials Market Forecasts to 2028 – Global Analysis By Type (Paper, Nomex, and Other Types), Application (Composites and Non- Composites), End User (Aerospace & Defence, Construction & Infrastructure and Other End Users), and Geography
According to Stratistics MRC, the Global Honeycomb Core Materials Market is accounted for $2.66 billion in 2022 and is expected to reach $4.75 billion by 2028 growing at a CAGR of 10.1% during the forecast period. Since many years ago, honeycomb core has been employed to create composite sandwich structures. It adds minimal weight gain while giving the composite structure rigidity. This core material distributes between the skins and disperses the shear forces produced by out-of-plane loads across a larger region while keeping the skins at a sharp and quick distance. In addition to other advantages, it simultaneously offers electromagnetic shielding, thermal insulation, and sound absorption. Numerous hexagon-shaped cells are joined into a honeycomb structure to create honeycomb cores using a variety of materials, including paper (Nomex and Kevlar), metal (often aluminium), and thermoplastics (polycarbonate and polypropylene). The choice of honeycomb core materials is influenced by a number of factors, such as the application, price, shape, and size.
According to the Association of Asia-Pacific Airlines (AAPA), the region’s airlines carry approximately 1,486 million passengers and 22 million metric tons of cargo, which is almost one-third of the global passenger traffic and two-fifths of the world air cargo traffic
Market Dynamics:
Driver:
Expanding interest of lightweight materials
The interest in honeycomb core materials has recently increased because to the increasing demand for lightweight materials from a variety of end-user industries, including the aircraft, barrier, and marine industries. The most crucial factor in the design and production of machines like automobiles, ships, planes, and others is weight. Honeycomb core materials played a significant role in the reduction of weight in both auxiliary applications and flying machine components. As a result, its demand is rising across a range of end use sectors.
Restraint:
Structural limitations of honeycomb core materials
The geometries of honeycomb cores need expensive computer modelling and manufacturing processes. As a result, the core material might be substituted by a straightforward comparable volume with elastic orthotropic qualities, which would constrain the market's expansion for honeycomb cores. The high price of Nomex honeycomb core is another factor that is restricting market expansion.
Opportunity:
Growing demand for eco-friendly materials
The use of honeycomb core materials is expanding in response to the growing consumer demand for packaging that uses sustainable and biodegradable materials. Honeycombs are an excellent material to use as filler and protective packaging because of their great strength and low cost. Additionally, it can be combined to create stronger composites with plywood and materials like plastic. As a result, the packaging sector is using honeycomb core materials more frequently, which is boosting market growth. Additionally, honeycomb packaging is utilised in a variety of industries, including furniture and transportation, to improve product protection while increasing energy efficiency, which is fueling the expansion of the honeycomb core materials market. The market is anticipated to expand as a result of the rising need for lightweight products for effective supply chains and the rising demand for honeycomb core materials in industrial packaging. The demand for honeycomb core materials is anticipated to soar as a result of the trend toward recyclable packaging, which is anticipated to fuel market expansion throughout the forecast period.
Threat:
Moisture absorption and liberation properties of honeycomb Materials
In order to comprehend how honeycomb polyester fibre absorbs moisture and releases perspiration, its moisture absorption and liberation capabilities were investigated. The moisture absorption and liberation curves of honeycomb polyester fibre and regular polyester fibre were tested under standard atmospheric conditions to determine their moisture absorption and liberation regains. The curves' moisture absorption and liberation curves were then used to derive regression equations for the timing of the fibres' achieving the proper balance of moisture absorption and moisture liberation. The regression equations for the rates to time were derived after analysis of their moisture absorption and liberation rate curves. The market for honeycomb core materials is anticipated to have slow growth during the forecast period due to structural constraints of honeycomb core materials, the open cell structure of honeycombs' ability to absorb water and moisture, and the high cost of Nomex honeycomb core.
Covid-19 Impact
The majority of sectors have been greatly impacted by the pandemic epidemic, and the market for honeycomb core materials was no exception. The research offers a thorough analysis of the micro- and macroeconomic effects of the epidemic. Additionally, it underlines the COVID-19 pandemic's direct effect on the market for honeycomb core materials through a qualitative analysis. The study provides precise information about the market's size and share during this historic period. In addition, the paper covers the key tactics used by industry participants to tackle the worldwide crisis. Last but not least, the research discusses how the pandemic has affected the market's supply chain and takes in post COVID-19 analysis too.
The paper segment is expected to be the largest during the forecast period
The paper segment is estimated to have a lucrative growth, due to Paper honeycomb cores are being used in the packaging, automotive, and furniture industries. The product reduces the overall weight of the assembly and is utilised in the furniture business as an insert in furniture panels. Paper honeycomb cores are also used in packing applications to improve the safety of fragile goods during transportation, including as home appliances, industrial equipment, and other products.
The aerospace and defense segment is expected to have the highest CAGR during the forecast period
The aerospace and defense segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their lightweight and high strength qualities, aerospace-grade honeycomb core materials are gradually displacing more conventional materials like laminated panels and aluminium sheets. The product is becoming more widely used in the manufacture of a range of aerospace components, including antennas, fuselage parts, aircraft flooring, and helicopter blades.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to strengthening economic conditions and rising demand from the packaging industry. China, India, and South Korea are just a few of the rising nations in the Asia-Pacific area that are driving up demand for honeycomb core materials. Additionally, up to 40% more people are likely to travel globally, according to the Association of Asia-Pacific Airlines (AAPA). Therefore, during the projection period, the rising demand for aeroplanes is anticipated to fuel demand for honeycomb core materials in the area.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to these products are anticipated to be most popular in the Europe region, where established aerospace and automotive industries account for the bulk of demand. Airlines with bases in Asia and the Middle East are consistently placing orders with Airbus SE, the second-largest aerospace and Defence Company in the world. The region also leads in the desire for lightweight, fuel-efficient automobiles. The demand for honeycomb core materials is therefore anticipated to be led by the area during the following year.
Key players in the market
Some of the key players profiled in the Honeycomb Core Materials Market include Argosy International Inc., Euro-Composites Group, Hexcel Corporation, Honicel Nederland B.V., Schütz GmbH & Co. KGaA, Carbon –Core, EconCore, Plascore, Packaging Corporation of America (PCA), Grigeo, Cartoflex, Koninklijke Ten Cate, Advanced Honeycomb Technologies (AHT), Honeycomb Cellpack, Corex Honeycomb, Tricel Honeycomb Corporation, The Gill Corporation, Toray Advanced Composites, Showa Aircraft Industry Co. Ltd. and AVIC Composite Corporation Ltd.
Key Developments:
In January 2020, Hexcel Corporation and Woodward Inc. announced an agreement to combine its all-stock merger to create a premier integrated systems provider serving aerospace and industrial sectors.
In October 2017, Packaging Corporation of America announced that it had completed its acquisition of the assets of Sacramento Container Corporation in about USD 265 Billion transaction.
Types Covered:
• Paper
• Nomex
• Thermoplastic
• Aluminum
• Fiber Glass
• Aramid Fiber
• Other Types
Applications Covered:
• Composites
• Non- Composites
End Users Covered:
• Aerospace & Defence
• Construction & Infrastructure
• Transportation
• Packaging
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Honeycomb Core Materials Market, By Type
- 5.1 Introduction
- 5.2 Paper
- 5.3 Nomex
- 5.4 Thermoplastic
- 5.5 Aluminum
- 5.6 Fiber Glass
- 5.7 Aramid Fiber
- 5.8 Other Types
- 6 Global Honeycomb Core Materials Market, By Application
- 6.1 Introduction
- 6.2 Composites
- 6.3 Non- Composites
- 7 Global Honeycomb Core Materials Market, By End User
- 7.1 Introduction
- 7.2 Aerospace & Defence
- 7.3 Construction & Infrastructure
- 7.4 Transportation
- 7.5 Packaging
- 7.6 Other End Users
- 8 Global Honeycomb Core Materials Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
- 9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
- 10 Company Profiling
- 10.1 Argosy International Inc.
- 10.2 Euro-Composites Group
- 10.3 Hexcel Corporation
- 10.4 Honicel Nederland B.V.
- 10.5 Schütz GmbH & Co. KGaA
- 10.6 Carbon -Core
- 10.7 EconCore
- 10.8 Plascore
- 10.9 Packaging Corporation of America (PCA)
- 10.10 Grigeo
- 10.11 Cartoflex
- 10.12 Koninklijke Ten Cate
- 10.13 Advanced Honeycomb Technologies (AHT)
- 10.14 Honeycomb Cellpack
- 10.15 Corex Honeycomb
- 10.16 Tricel Honeycomb Corporation
- 10.17 The Gill Corporation
- 10.18 Toray Advanced Composites
- 10.19 Showa Aircraft Industry Co. Ltd.
- 10.20 AVIC Composite Corporation Ltd.
- List of Tables
- Table 1 Global Honeycomb Core Materials Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 4 Global Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 5 Global Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 6 Global Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 7 Global Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 8 Global Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 9 Global Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 10 Global Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 11 Global Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 12 Global Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 13 Global Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 14 Global Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 15 Global Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 16 Global Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 17 Global Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 18 Global Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 19 North America Honeycomb Core Materials Market Outlook, By Country (2020-2028) ($MN)
- Table 20 North America Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 21 North America Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 22 North America Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 23 North America Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 24 North America Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 25 North America Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 26 North America Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 27 North America Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 28 North America Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 29 North America Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 30 North America Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 31 North America Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 32 North America Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 33 North America Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 34 North America Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 35 North America Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 36 North America Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 37 Europe Honeycomb Core Materials Market Outlook, By Country (2020-2028) ($MN)
- Table 38 Europe Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 39 Europe Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 40 Europe Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 41 Europe Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 42 Europe Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 43 Europe Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 44 Europe Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 45 Europe Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 46 Europe Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 47 Europe Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 48 Europe Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 49 Europe Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 50 Europe Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 51 Europe Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 52 Europe Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 53 Europe Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 54 Europe Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 55 Asia Pacific Honeycomb Core Materials Market Outlook, By Country (2020-2028) ($MN)
- Table 56 Asia Pacific Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 57 Asia Pacific Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 58 Asia Pacific Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 59 Asia Pacific Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 60 Asia Pacific Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 61 Asia Pacific Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 62 Asia Pacific Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 63 Asia Pacific Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 64 Asia Pacific Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 65 Asia Pacific Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 66 Asia Pacific Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 67 Asia Pacific Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 68 Asia Pacific Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 69 Asia Pacific Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 70 Asia Pacific Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 71 Asia Pacific Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 72 Asia Pacific Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 73 South America Honeycomb Core Materials Market Outlook, By Country (2020-2028) ($MN)
- Table 74 South America Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 75 South America Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 76 South America Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 77 South America Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 78 South America Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 79 South America Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 80 South America Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 81 South America Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 82 South America Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 83 South America Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 84 South America Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 85 South America Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 86 South America Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 87 South America Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 88 South America Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 89 South America Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 90 South America Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 91 Middle East & Africa Honeycomb Core Materials Market Outlook, By Country (2020-2028) ($MN)
- Table 92 Middle East & Africa Honeycomb Core Materials Market Outlook, By Type (2020-2028) ($MN)
- Table 93 Middle East & Africa Honeycomb Core Materials Market Outlook, By Paper (2020-2028) ($MN)
- Table 94 Middle East & Africa Honeycomb Core Materials Market Outlook, By Nomex (2020-2028) ($MN)
- Table 95 Middle East & Africa Honeycomb Core Materials Market Outlook, By Thermoplastic (2020-2028) ($MN)
- Table 96 Middle East & Africa Honeycomb Core Materials Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 97 Middle East & Africa Honeycomb Core Materials Market Outlook, By Fiber Glass (2020-2028) ($MN)
- Table 98 Middle East & Africa Honeycomb Core Materials Market Outlook, By Aramid Fiber (2020-2028) ($MN)
- Table 99 Middle East & Africa Honeycomb Core Materials Market Outlook, By Other Types (2020-2028) ($MN)
- Table 100 Middle East & Africa Honeycomb Core Materials Market Outlook, By Application (2020-2028) ($MN)
- Table 101 Middle East & Africa Honeycomb Core Materials Market Outlook, By Composites (2020-2028) ($MN)
- Table 102 Middle East & Africa Honeycomb Core Materials Market Outlook, By Non- Composites (2020-2028) ($MN)
- Table 103 Middle East & Africa Honeycomb Core Materials Market Outlook, By End User (2020-2028) ($MN)
- Table 104 Middle East & Africa Honeycomb Core Materials Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
- Table 105 Middle East & Africa Honeycomb Core Materials Market Outlook, By Construction & Infrastructure (2020-2028) ($MN)
- Table 106 Middle East & Africa Honeycomb Core Materials Market Outlook, By Transportation (2020-2028) ($MN)
- Table 107 Middle East & Africa Honeycomb Core Materials Market Outlook, By Packaging (2020-2028) ($MN)
- Table 108 Middle East & Africa Honeycomb Core Materials Market Outlook, By Other End Users (2020-2028) ($MN)
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