Honeycomb Sandwich Material Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Report Code: CMR 88178 Report Format: PDF + Excel (Delivery in 48 Hrs)
Overview

Honeycomb sandwich material Market is forecast to reach $1 billion by 2025, after growing at a CAGR of 10.6% during 2020-2025. The global demand for honeycomb sandwich materials has gained traction owing to its superior mechanical performance and lightweight property. Among the type of materials used for honeycomb structures, aluminum segment accounted for over one-third of the overall market in 2019, owing to its low cost and high tensile strength.
 
Key Takeaways
  • The usage of 3D printing to manufacture honeycomb panels is likely to act as an opportunity for the market, during the forecast period.
  • In the foreign industrial developed countries, the honeycomb sandwich industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the USA, Europe, accounted for most of the international market share.
  • Under cyclic loading, the honeycomb sandwich materials are well known due to its low fatigue impacts which is also a major factor for the market growth.
  • In addition, the use of infrared pulsed thermography or flash thermography while manufacturing honeycomb sandwich panels in space aircraft have provided various benefits, only the problem is sometimes it cannot resist heat efficiency which is not good for space aircrafts.
  • Currently, due to the impact of COVID-19, automotive and aerospace industry is resulting with huge crisis, which is constraining the growth of the market.
By Type - Segment Analysis

The type segment includes Inconel, aluminum, stainless steel, and titanium. The aluminum segment includes the highest share and is driven by few factors, such as growth in automobile industry and production of aircrafts and the rise in demand for light weight and fuel-efficient vehicles. In addition, weight plays a crucial role in the overall efficiency of aircrafts. The aluminum honeycomb sandwich material offers significant opportunities in diverse applications due to its excellent mechanical properties.

By Technology - Segment Analysis

The technology segment includes expansion, corrugation, molding, and extrusion. Among these, expansion segment holds the highest share in the market by technology. In expansion, metallic sheet is cut into specified dimensions and strips of adhesive are printed on it. Adhesive is applied in such a way that adhesive prints on adjacent sheets are shifted by half of the distance between adjacent prints on the same sheet. After solidification and curing of the adhesive, HOBE block is sliced into required thickness of the core and then HOBE slice is expanded to form honeycombs.

By Application - Segment Analysis

The global honeycomb sandwich material market is anticipated to grow in the forecast period owing to driving factors such as investments in the field of satellite manufacturing coupled with increasing production of aircraft. Applicability of honeycomb structures in automotive and other end-use industry owing to lightweight attribute which helps in improving fuel economy further boost the market growth. However, the high costs of the products hamper the honeycomb sandwich material market. Nonetheless, major R&Ds for using 3D printing for manufacturing honeycomb panels is likely to offer growth opportunity for the honeycomb sandwich material market during the forecast period.

Geography - Segment Analysis

North America and Europe collectively accounted for about XX% share of the global honeycomb sandwich materials market in 2019, and is expected to maintain its dominance throughout the forecast period. This is attributed to the rise in the applications of satellites, commercial and defense aircrafts, automobiles, and trains in these regions, thereby increasing the demand for honeycomb sandwich. However, LAMEA is projected to be the fastest growing segment due to growing investments in the aircraft and satellite manufacturing industry.

Drivers – Honeycomb sandwich material Market
  • Innovation in the field of material science to reduce energy consumption leads to drive honeycomb sandwich materials market.
Since 2018, the manufacturers are producing composite sandwich panels for interior structurers with low fire progression and smoke/toxic gas emission properties. As a result, the end product come up with high mechanical properties in lower cost, which will be further executed for interior applications in aircraft. In addition, the structure in honeycomb does not get affected and gets added with light weight property which will be beneficial in fuel efficient factor.

Challenges – Honeycomb sandwich material Market
  • The COVID-19 outbreak impact on core industries is constraining the growth of the market.
Due to COVID-19 outbreak, various core industries are locked down, due to this, code industries such as aerospace and automotive industries have caused the great crisis in the current year 2020. The growing impact of COVID-19 have bought the production at very lower level, which as a result, have reduced the consumption of honeycomb sandwich material. The reduction in production of aerospace and automotive in the year 2020 have created huge impact, which have become the major factor that constraints the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Honeycomb sandwich material market. In 2019, the market of Honeycomb sandwich material has been consolidated by the top five players accounting for xx% of the share. Honeycomb sandwich material Market top 10 companies are Hexcel Corporation, Pacific Panels, Inc., COREX-Honeycomb, The Gill Corporation, 3A Composites Holding AG, EconCore, Samia Canada, Inc., Liming Honeycomb Composites Co., Ltd., Guangzhou Aloya Renoxbell Aluminum Co., Ltd., Benecor, Inc., and 3M Company, among others.

Acquisitions/Technology Launches:
  • In June 2018, Kordsa’s composites Reinforcement Business Unit has been producing composite sandwich panels. The primary use of these panels is in the construction of galleys of commercial airplanes. Since the panels will be used for interior structures, their fire progression and smoke/toxic gas emission properties need to be very low.
1. Honeycomb Sandwich Material Market - Overview
        1.1 Definitions and Scope
2. Honeycomb Sandwich Material 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 Sandwich Material 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 Sandwich Material 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 Sandwich Material 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 Sandwich Material 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 Sandwich Material 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 Sandwich Material Market - By Type (Market Size -$Million / $Billion)
8.1 Inconel
8.2 Aluminum
8.3 Stainless Steel
8.4 Titanium
9. Honeycomb Sandwich Material Market - By Technology (Market Size -$Million / $Billion)
9.1 Expansion
9.2 Corrugation
9.3 Moulding
9.4 Extrusion
10. Honeycomb Sandwich Material - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Aerospace Aircraft
            10.3.2 Satellite
            10.3.3 Automobile
            10.3.4 Train
11. Honeycomb Sandwich Material- By Geography (Market Size -$Million / $Billion)
        11.1 Honeycomb Sandwich Material Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Honeycomb Sandwich Material- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Honeycomb Sandwich Material- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Honeycomb Sandwich Material - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Honeycomb Sandwich Material - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$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 Sandwich Material Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Honeycomb Sandwich Material 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 Sandwich Material Market - Key Company List by Country Premium
15. Honeycomb Sandwich Material 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 Guangzhou Aloya Renoxbell Aluminum Co , Ltd
        15.8 Hexcel Corporation
        15.9 Liming Honeycomb Composite Co , Ltd
        15.10 Pacific Panel Inc
        15.11 Samia Inc
        15.12 The Gill Corporation
        15.13 Company 12
        15.14 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Honeycomb Sandwich Material Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Honeycomb Sandwich Material 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.Global World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
1.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Global Industry Research
1.2 Aluminum Market 2019-2024 ($M) - Global Industry Research
1.3 Stainless Steel Market 2019-2024 ($M) - Global Industry Research
1.4 Titanium Market 2019-2024 ($M) - Global Industry Research
1.5 Inconel Market 2019-2024 ($M) - Global Industry Research
2.Global World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
2.1 Expansion Market 2019-2024 ($M) - Global Industry Research
2.2 Corrugation Market 2019-2024 ($M) - Global Industry Research
2.3 Moulding Market 2019-2024 ($M) - Global Industry Research
2.4 Extrusion Market 2019-2024 ($M) - Global Industry Research
3.Global World Honeycomb Sandwich Material Market, By Type Market 2019-2024 (Volume/Units)
3.1 Property Of Honeycomb Sandwich Material Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Aluminum Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Stainless Steel Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Titanium Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Inconel Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 (Volume/Units)
4.1 Expansion Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Corrugation Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Moulding Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Extrusion Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
5.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Regional Industry Research
5.2 Aluminum Market 2019-2024 ($M) - Regional Industry Research
5.3 Stainless Steel Market 2019-2024 ($M) - Regional Industry Research
5.4 Titanium Market 2019-2024 ($M) - Regional Industry Research
5.5 Inconel Market 2019-2024 ($M) - Regional Industry Research
6.North America World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
6.1 Expansion Market 2019-2024 ($M) - Regional Industry Research
6.2 Corrugation Market 2019-2024 ($M) - Regional Industry Research
6.3 Moulding Market 2019-2024 ($M) - Regional Industry Research
6.4 Extrusion Market 2019-2024 ($M) - Regional Industry Research
7.South America World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
7.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Regional Industry Research
7.2 Aluminum Market 2019-2024 ($M) - Regional Industry Research
7.3 Stainless Steel Market 2019-2024 ($M) - Regional Industry Research
7.4 Titanium Market 2019-2024 ($M) - Regional Industry Research
7.5 Inconel Market 2019-2024 ($M) - Regional Industry Research
8.South America World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
8.1 Expansion Market 2019-2024 ($M) - Regional Industry Research
8.2 Corrugation Market 2019-2024 ($M) - Regional Industry Research
8.3 Moulding Market 2019-2024 ($M) - Regional Industry Research
8.4 Extrusion Market 2019-2024 ($M) - Regional Industry Research
9.Europe World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
9.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Regional Industry Research
9.2 Aluminum Market 2019-2024 ($M) - Regional Industry Research
9.3 Stainless Steel Market 2019-2024 ($M) - Regional Industry Research
9.4 Titanium Market 2019-2024 ($M) - Regional Industry Research
9.5 Inconel Market 2019-2024 ($M) - Regional Industry Research
10.Europe World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
10.1 Expansion Market 2019-2024 ($M) - Regional Industry Research
10.2 Corrugation Market 2019-2024 ($M) - Regional Industry Research
10.3 Moulding Market 2019-2024 ($M) - Regional Industry Research
10.4 Extrusion Market 2019-2024 ($M) - Regional Industry Research
11.APAC World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
11.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Regional Industry Research
11.2 Aluminum Market 2019-2024 ($M) - Regional Industry Research
11.3 Stainless Steel Market 2019-2024 ($M) - Regional Industry Research
11.4 Titanium Market 2019-2024 ($M) - Regional Industry Research
11.5 Inconel Market 2019-2024 ($M) - Regional Industry Research
12.APAC World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
12.1 Expansion Market 2019-2024 ($M) - Regional Industry Research
12.2 Corrugation Market 2019-2024 ($M) - Regional Industry Research
12.3 Moulding Market 2019-2024 ($M) - Regional Industry Research
12.4 Extrusion Market 2019-2024 ($M) - Regional Industry Research
13.MENA World Honeycomb Sandwich Material Market, By Type Market 2019-2024 ($M)
13.1 Property Of Honeycomb Sandwich Material Market 2019-2024 ($M) - Regional Industry Research
13.2 Aluminum Market 2019-2024 ($M) - Regional Industry Research
13.3 Stainless Steel Market 2019-2024 ($M) - Regional Industry Research
13.4 Titanium Market 2019-2024 ($M) - Regional Industry Research
13.5 Inconel Market 2019-2024 ($M) - Regional Industry Research
14.MENA World Honeycomb Sandwich Material Market, By Technology Market 2019-2024 ($M)
14.1 Expansion Market 2019-2024 ($M) - Regional Industry Research
14.2 Corrugation Market 2019-2024 ($M) - Regional Industry Research
14.3 Moulding Market 2019-2024 ($M) - Regional Industry Research
14.4 Extrusion Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
2.Canada Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
3.Mexico Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
4.Brazil Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
5.Argentina Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
6.Peru Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
7.Colombia Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
8.Chile Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
9.Rest of South America Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
10.UK Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
11.Germany Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
12.France Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
13.Italy Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
14.Spain Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
15.Rest of Europe Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
16.China Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
17.India Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
18.Japan Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
19.South Korea Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
20.South Africa Honeycomb Sandwich Material Market Revenue, 2019-2024 ($M)
21.North America Honeycomb Sandwich Material By Application
22.South America Honeycomb Sandwich Material By Application
23.Europe Honeycomb Sandwich Material By Application
24.APAC Honeycomb Sandwich Material By Application
25.MENA Honeycomb Sandwich Material By Application
26.Hexcel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Pacific Panel Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Corex-Honeycomb, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.The Gill Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.3A Composite Holding Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Econcore N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Samia Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Liming Honeycomb Composite Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Guangzhou Aloya Renoxbell Aluminum Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.3M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Benecor, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)