Honeycomb Sandwich Material Global Market Research and Analysis – Industry Trends, Report, Demand, Share, Overview, Outlook and Forecast 2017-2022
Research Beam added report on “World Honeycomb Sandwich Material Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Honeycomb Sandwich Material Market by Technology (Expansion, Corrugation, Molding, Extrusion), Application (Aerospace & Aircraft, Satellites, Automobiles, Trains) and Type (Aluminum, Stainless Steel, Titanium, Inconel) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”
Research Beam study says Honeycomb Sandwich Material Market is expected to garner $760.1 million by the year 2022, registering CAGR of 10.0% during the forecast period 2014 – 2022, Request Sample Copy @ http://www.researchbeam.com/honeycomb-sandwich-material-market/request-sample
Honeycomb sandwich is a structure with three layers, in which a low density core is inserted between two relatively thin layers for enhancing its mechanical properties and reducing its weight. High strength, stiffness, corrosive resistance, minimum raw material requirement in manufacturing are some of the characteristics of high temperature honeycomb structures.
The key factors driving the honeycomb sandwich material market include increase in production of various aircrafts and growth in the space industry across the world. Honeycomb sandwich materials are widely used in the aircraft and space industries, as these provide remarkable mechanical properties and are lightweight, thus conserving fuel and reducing the weight of the vehicle. According to the Boeing Company and Airbus Group, it is expected that 1,686 units of aircraft would be delivered worldwide by 2025. However, the growth of the honeycomb market would be hampered in future, as it is a capital-intensive market due to its high cost of production and raw materials.
3D printing to manufacture honeycomb panels would provide opportunities to the honeycomb material manufacturers. LED displays use honeycomb panels, which makes it lighter and gives better pixel effects. There is ongoing research on manufacturing Honeycomb sandwich panels using 3D printers, which is expected to boost the market upon commercialization.
This report segments the honeycomb material market on the basis of type, application, technology, and geography. On the basis of type, the high-temperature honeycomb market is segmented into aluminum, stainless steel, titanium, Inconel, and others. The aluminum segment is expected to grow at a prominent CAGR of 10.2% during 2016-2022, due to its low cost as compared to other honeycomb materials. On the basis of application, the high-temperature honeycomb market can be segmented into aerospace and aircraft, satellites, automobiles, trains and others. The others market segment, which include clean room industry and marine, is expected to grow at a CAGR of 9.2% during 2016‐2022.
By technology, the honeycomb market is segmented into expansion, corrugation, molding, extrusion and others. However, the extrusion segment is expected to grow at a CAGR of 10.5% during the forecast period. Based on geography, the market can be segmented into North America, Europe, Asia-Pacific, and LAMEA. Among the regions, LAMEA will show the highest growth rate of 12.7% during the forecast period.
Key Benefits
- The report includes extensive analysis of the factors driving as well as restraining the honeycomb market.
- This report provides a detailed analysis of the current market trends and future estimations for 2015‐2022, to assists in identifying the prevailing market opportunities.
- This report provides the quantitative as well as qualitative market trends to help stakeholders in understanding the market scenario.
- An in-depth analysis of various segments is likely to provide a detailed understanding of the current trends to formulate effective development strategies.
- SWOT analysis enables the study of the internal environment of the leading companies for effective strategy formulation.
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