Global Aluminum Honeycomb Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Aluminum Honeycomb Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aluminum honeycomb market report has been segmented on the basis of application, end use industry, and region.
Global Aluminum Honeycomb Market: Overview
Aluminum honeycomb is a lightweight core material that offers superior strength, corrosion and fire resistance along with the energy efficiency, and efficient insulation. Aluminium honeycomb panels are man-made structures by layering a honeycomb material between two thin layers that provide strength in tension. Aluminum is the most preferred metal for making honeycomb structure owing to strong and light weight nature. Moreover, it can be recycled easily with minimum wastage of material. Aluminum honeycomb has widely accepted in number of industries such as aerospace & defense, automotive, marine, and construction.
Global Aluminum Honeycomb Market: Dynamics
Enhanced performance, easy installation, corrosion and fire resistance surface are some of the other characteristics of aluminum honeycomb, which is resulting in rising adoption of aluminum in various sectors. In addition, rising usage of lightweight material in automotive, construction, and aerospace industry owing to increase in awareness about advantages with honeycomb structures is expected to bolster demand for aluminum honeycomb and drives growth of the global market over the forecast timeline. In addition, increasing preference for low price high quality products as compared to other harmful materials such as concrete and steel, is expected to boost growth of the target market.
Recent trend shows that, lightweight materials are used in the automotive industry to reduce overall weight of vehicles and to improve fuel efficiency and lowering maintenance costs. However, capital intensive nature of aluminum metal is driving the research and development activities to find cheaper alternative to aluminum honeycomb, which may hamper growth of the target market.
Global Aluminum Honeycomb Market: Segment Analysis
Global aluminum honeycomb market is segmented on the basis of application, end use industry, and geography.
On the basis of application, the global market is segmented into core, sandwich panel, working surfaces, aerodynamics, and lighting. The core segment is expected to grow at a significant rate in the global market.
On the basis of end use industry, the global market is segmented into aerospace, marine, defense, automotive, construction. The aerospace segment is anticipated to hold significant share in the market over the forecast period.
Global Aluminum Honeycomb Market: Regional Analysis
The Asia Pacific aluminum honeycomb market is expected to dominate the global market over the forecast period. This is primarily attributed to growth of aerospace and automotive industry and further expected to influence adoption of aluminum honeycomb. Moreover, rapid industrialization, increasing disposable income, rising awareness among consumers about advantages of honeycomb structures like greater strength to weight ratio, and greater corrosion resistance, etc. has enforced to use aluminum honeycomb in construction projects in the region. The market in North America is expected to grow at a significant rate over the forecast period. Presence of well-established end use industries such as aerospace and defense and increasing demand from military and energy sector, in turn, expected to favor market of aluminum honeycomb in the region. Market in Middle East & Africa is expected to grow at a moderate rate over the forecast period.
Global Aluminum Honeycomb Market Segmentation:
Segmentation by Application:
- Sandwich Panel
- Working Surfaces
Segmentation by End user industry:
- Aerospace & Defense
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Hexcel Corporation
- Argosy International Inc.
- Benecor, Inc.
- Corex Honeycomb
- Coach Line Industries
- Motonity Private Limited
- Universal Metaltek
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