Honeycomb Core Materials Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

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Honeycomb Core Materials Market size is forecast to reach $4.2 billion by 2025, after growing at a CAGR of 9.6% during 2020-2025, owning to rising demand for lightweight, high strength, and recyclable packaging solutions. Properties such as high strength, stiffness, and light weight are boosting demand in various industries for honeycomb core materials. The increased demand for paper honeycomb core materials to protect household & industrial appliances, equipment, and other fragile & delicate products from external effects during transportation also promotes market growth. The core materials of Honeycomb are not only strong and robust, but also provide cushioning and rigidity, offering superior protection, thus owning to these factors its demand is increasing.

Key Takeaways
  • The Asia-Pacific region dominated the global market share of honeycomb core materials market, owning to growing demand for packaging from the expanding e-commerce business platform, and rising production in the food and beverage industry.
  • The use of 3D printing for the production of honeycomb panels is expected to create various opportunities for the market during the forecast period.
  • However, the absorption of water and moisture by honeycombs and the structural limitations of honeycomb core materials act as a constraint to the market.
  • Recycled polyethylene terephthalate honeycomb is gaining popularity as it provides superior temperature tolerance and mechanical properties compared to traditional thermoplastic core materials. 
  • However, operations in various industries such as automotive, and aerospace is being significantly affected due to the COVID-19 epidemic, as most of countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. Therefore, this factor is expected to limit honeycomb core material market growth for the next two years.

Type - Segment Analysis
The paper segment held the largest share in the Honeycomb Core Materials market in 2019, Paper honeycombs are used in the packaging industry in boxes and pallets to protect household and industrial appliances, equipment and others while transportation. Nomex honeycombs is also gaining popularity during the forecast period, owning to increasing demand from aerospace and defense, transportation, sporting goods, and other applications. The Nomex aerospace grade honeycombs are used in helicopter blades, aircraft flooring, radomes, cargo linings, fuselage components, antennas and so on. They are excellent core materials for sandwich structures and are effective energy absorbers, which makes them suitable for heat shielding and other high-temperature applications in automobiles. In addition, the aramid fiber and thermoplastic film segment are also growing at a faster rate during the forecast period.

End-User Industry - Segment Analysis
Aerospace held the largest share in the Honeycomb Core Materials market in 2019 and is growing at a CAGR of 10.2%, owning to the high demand for lightweight materials in the aerospace sector. The aerospace industry is significantly growing, as many countries have increased investment in new technologies. According to Boeing, the demand for new aircraft is projected to hit more than 44,040 by 2038. In 2018, Boeing's sales rose by 13 percent to USD 101 billion due to rise in commercial and military jet deliveries. Global aerospace trade volumes are rising, and a higher growth rate is expected in the near future. As the aerospace sector is growing, the demand for honeycomb core materials is also expected to grow during the forecast period.

Geography - Segment Analysis
Asia Pacific held the largest share in the Honeycomb Core Materials market in 2019, up to 30%, owing to the increasing demand from packaging industries and improving economic conditions. The growing demand for honeycomb core materials from the Asia-Pacific region is mainly due to developing countries in the region, such as China, India and South Korea. In addition, According to the Association of Asia-Pacific Airlines (AAPA) passenger traffic is expected to increase up to 40% of the global passenger traffic, by 2036. Hence, the increasing demand for aircraft is expected to drive the demand for honeycomb core materials in the region, during the forecast period. 

Drivers – Honeycomb Core Materials Market

  • Expanding interest of lightweight materials
The growing interest in lightweight materials in various end-customer enterprises, such as aviation, barrier and marine enterprises, has driven the interest in honeycomb core materials in recent times. Weight is the most important consideration in the design and manufacture of machines such as automotive, marine, aircraft and others. Honeycomb core materials assumed a noteworthy part in weight decrease in both auxiliary applications and segments in flying machines. Therefore, its demand is increasing from various end use industries.

Challenges – Honeycomb Core Materials Market 

  • Structural limitations of honeycomb core materials
Honeycomb core shapes are difficult to model and also difficult to manufacture which are computationally expensive. Therefore, core material may be replaced by a simple equivalent volume having elastic orthotropic properties, which acts as a restrain in the honeycomb core market growth. In addition, the high cost of nomex honeycomb core is also limiting market growth.
 
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Honeycomb Core Materials Market. In 2019, the market of Honeycomb Core Materials Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Honeycomb Core Materials market are Honicel, Euro-Composites, Argosy International, Grigeo, Plascore, Tubus Baer GmbH, Corinth, Axxion, Toray TCAC Holding B.V. and Hexcel Corporation., among others.  

1. Honeycomb Core Materials Market - Overview
        1.1 Definitions and Scope
2. Honeycomb Core Materials Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Honeycomb Core Materials Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Honeycomb Core Materials Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Honeycomb Core Materials Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Honeycomb Core Materials Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Honeycomb Core Materials Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Honeycomb Core Materials Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
8.3.1 Nomex
8.3.2 Aluminum
8.3.3 Thermoplastics
8.3.4 Others (Stainless Steel, Polypropylene, etc. )
9. Honeycomb Core Materials Market - By End-user Industry (Market Size -$Million / $Billion)
9.1 Aerospace
9.2 Defense
9.3 Marine
9.4 Others (Automotive, Furniture, etc.)
10. Honeycomb Core Materials - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Honeycomb Core Materials- By Geography (Market Size -$Million / $Billion)
        11.1 Honeycomb Core Materials Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Honeycomb Core Materials- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Honeycomb Core Materials- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Honeycomb Core Materials - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Honeycomb Core Materials - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Honeycomb Core Materials Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Honeycomb Core Materials Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Honeycomb Core Materials Market - Key Company List by Country Premium
15. Honeycomb Core Materials Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 3A Composite Holding Ag
        15.3 3M Company
        15.4 Benecor, Inc
        15.5 Corex-Honeycomb
        15.6 Econcore N V
        15.7 Euro-Composites Corporation
        15.8 Guangzhou Aloya Renoxbell Co. Ltd
        15.9 Hexcel Corporation
        15.10 Liming Honeycomb Composite Co. Ltd
        15.11 Pacific Panels, Inc
        15.12 Plascore Inc
        15.13 Samia , Inc
        15.14 The Gill Corporation
        15.15 Wabash National Corporation
        15.16 Company 15
        15.17 Company 16 & More
*Financials would be provided on a best efforts basis for private companies
16. Honeycomb Core Materials Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Honeycomb Core Materials Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Honeycomb Core Materials Market Size 2018
2 Canada Honeycomb Core Materials Market Share 2018
3 Brazil Honeycomb Core Materials Market Outlook 2019 - 2023
4 Mexico Honeycomb Core Materials Market Research 2018
5 Germany Honeycomb Core Materials Market Trends 2019 - 2023 
6 France Honeycomb Core Materials Market Growth 2019 - 2023 
7 UK Honeycomb Core Materials Market Demand 2019 - 2023 
8 Italy Honeycomb Core Materials Market Segmentation 2018
9 Russia Honeycomb Core Materials Market Analysis 2019 - 2023
10 China Honeycomb Core Materials Market Revenue 2019 - 2023
11 Japan Honeycomb Core Materials Market Volume 2019 - 2023
12 South Korea Honeycomb Core Materials Market Potential 2019 - 2023
13 India Honeycomb Core Materials Market Leaders 2018
14 Saudi Arabia Honeycomb Core Materials Market Forecast 2019 - 2023 
15 Kuwait Honeycomb Core Materials Market Value 2018

List of Figures

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