Honeycomb Core Materials Market – Industry Analysis and Forecast (2017-2026) _ by Type (Nomex, Aluminum, Thermoplastic, Paper and Others), by Application (Non-Composites and Composites), by End-use Industry (Construction & infrastructure, Transportation, Packaging, Aerospace & Defense and Others), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
The increasing demand for high strength, lightweight and environment-friendly packaging solutions are driving the growth of the honeycomb core materials market among all the geography. Honeycomb core material manufacturers are entering into agreements with other companies, developing new products and acquiring smaller companies to grow their presence and secure their position in honeycomb core materials market globally.
Honeycomb Core Materials Market valued USD 2.05 Billion in 2017 and expected to reach USD 5.07 Billion by 2026, at a CAGR of 11.98%.
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Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the type, application, end-use industry, and geography to assist in strategic business planning.
The packaging segment is expected to witness significant market growth:
Honeycomb core materials are not only durable and strong but they also offer rigidity and cushioning thereby providing outstanding protection. The growth of this segment can be further attributed to the increase in demand for paper honeycomb core materials in protecting industrial appliances.
Asia Pacific is expected to hold the largest shares of the market during the forecast period:
The growth of packaging industry is directly driving the honeycomb core materials market in APAC region.
Scope of the Report:
Honeycomb Core Materials Market, By Type: Nomex, Thermoplastic, Aluminum, Paper and Others
Honeycomb Core Materials Market, By Application: Non-Composites and Composites
Honeycomb Core Materials Market, By End-Use Industry: Construction & infrastructure, Transportation, Packaging, Aerospace & Defense and Others
Honeycomb Core Materials Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
Honeycomb Core Materials marketplace is growing with the presence of major companies holding a large market share.
Some of them operating in the Market are given underneath:
• Honicel (Netherlands)
• Hexcel Corporation (US)
• Euro-Composites (Luxembourg)
• Argosy International (US)
• Grigeo (Lithuania)
• Plascore (US)
• Tubus Baer GmbH (Germany)
• Corinth Group (Netherlands)
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