Global Aramid Honeycomb Core Materials Market Size, Trends, and Growth Opportunity, By Type (Nomex, Others), By Aramid Type (Meta Aramid, Para-Aramid), By Application (Interior, Exterior), By Transportation Type (Airways, Railways, Waterways, Roadways), By Region and Forecast till 2027.
Global Aramid Honeycomb Core Materials Market
Global Aramid Honeycomb Core Materials Market was valued at USD 114.7 million in 2021 and is expected to expand to USD 502.25 million by 2027 at a CAGR of 10% from 2022-2027.
Aramid honeycomb core materials are made from aramid fiber paper with a distinctive hexangular cell shape and are high-strength, lightweight, non-metallic materials. To increase the honeycomb's strength and thermal capabilities, it is coated with a heat-resistant phenol resin once it has been created.
Market Drivers
The market is expanding due to aramid honeycomb core materials' outstanding performance attributes and capacity to withstand extreme environments. The many better performance qualities of aramid honeycomb core materials over other honeycomb core materials have greatly influenced the growth of the aramid honeycomb core materials market. In line with this, the rising desire for lightweight materials in the aerospace and defense industries throughout the world is also a key variable boosting the expansion of the aramid honeycomb core materials market over the forecast period. Additionally, the government's incentive program for the aircraft industry amid the COVID-19 crisis and the growing use of 3D printing to produce honeycomb panels are both contributing to the market growth for aramid honeycomb core materials. The significant presence of reputable raw material providers is the primary reason responsible for the market's expansion.
Engineers in the aviation sector encounter numerous difficulties with mass reduction. Thousands of dollars in fuel can be saved if the aircraft's bulk is lowered by one kilogram. As a result, the aviation sector will have a significant need for lightweight materials like aramid honeycomb. The aviation sector will see an increase in aircraft products because of the global fleet of aged aeroplanes. Much sooner than predicted, jets will need to be retired due to the introduction of new aircraft and a rise in air travel demand. The market need for aramid honeycomb core materials will increase as a result. Additionally, during the aforementioned forecast period, the market for aramid honeycomb core materials will have several potential prospects due to the increasing use of para-aramid honeycomb core in the aerospace industry as well as the rising demand from the transportation sector.
Market Restraints
The decrease in the number of aircraft deliveries, as well as the high cost and disruption in the supply chain, as well as lower production capacity utilization as a result of the COVID-19 pandemic, may act as major restraints on the aramid honeycomb core materials market growth rate in the forecast period, whereas maintaining an uninterrupted supply chain and operating at full production capacity has the potential to challenge the growth of the aramid honeycomb core materials market in the forecast period.
Market Segmentation
Global Aramid Honeycomb Core Materials Market is segmented into Type, Aramid Type, Application, and Transportation Type. By Types such as Nomex, and Others. By Aramid Types such as Meta Aramid,
Para-Aramid. By Application such as Interior, Exterior. By Transportation Type such as Airways, Railways, Waterways, and Roadways.
Regional Analysis
North America leads the aramid honeycomb core materials market due to rapidly expanding demand from the aerospace, defense, and marine industries in this area. Europe is predicted to increase at a large rate, owing to the region's fast-growing automotive industry.
Key Players
This report includes a list of numerous Key Players, namely Hexcel Corporation, Plascore, Inc., The Gill Corporation, EURO-COMPOSITES, ACP Composites, Inc., Toray Advanced Composites, Argosy International Inc., Showa Aircraft Industry Co. LTD, Teijin Aramid B.V., HONEYCOMB CELLPACK A/S.
Market Taxonomy
By Type
• Nomex
• Others
By Aramid Type
• Meta Aramid
• Para-Aramid
By Application
• Interior
• Exterior
By Transportation Type
• Airways
• Railways
• Waterways
• Roadways.
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Key Question Addressed by the Report
• What are the Key Opportunities in Global Aramid Honeycomb Core Materials Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Aramid Honeycomb Core Materials Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Aramid Honeycomb Core Materials Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Green Hydrogen Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Aramid Honeycomb Core Materials Market Share Analysis, By Type
5.3 Global Aramid Honeycomb Core Materials Market Size and Forecast, By Type
5.3.1 Nomex
5.3.2 Others
6 Global Green Hydrogen Market, By Aramid Type
6.1 Y-o-Y Growth Comparison, By Aramid Type
6.2 Global Aramid Honeycomb Core Materials Market Share Analysis, By Aramid Type
6.3 Global Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
6.3.1 Aramid
6.3.2 Para Aramid
7 Global Green Hydrogen Market, By Transportation Type
7.1 Y-o-Y Growth Comparison, By Transportation Type
7.2 Global Aramid Honeycomb Core Materials Market Share Analysis, By Transportation Type
7.3 Global Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
7.3.1 Airways
7.3.2 Railways
7.3.3 Waterways
7.3.4 Roadways.
8 Global Green Hydrogen Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Aramid Honeycomb Core Materials Market Share Analysis, By Application
8.3 Global Aramid Honeycomb Core Materials Market Size and Forecast, By Application
8.3.1 Interior
8.3.2 Exterior
9 Global Green Hydrogen Market, By Region
9.1 Global Aramid Honeycomb Core Materials Market Share Analysis, By Region
9.2 Global Aramid Honeycomb Core Materials Market Share Analysis, By Region
9.3 Global Aramid Honeycomb Core Materials Market Size and Forecast, By Region
10 North America Aramid Honeycomb Core Materials Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Aramid Honeycomb Core Materials Market Share Analysis, By Type
10.3 North America Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
10.4 North America Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
10.5 North America Aramid Honeycomb Core Materials Market Size and Forecast, By Application
10.6 North America Aramid Honeycomb Core Materials Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Aramid Honeycomb Core Materials Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Aramid Honeycomb Core Materials Market Share Analysis, By Type
11.3 Europe Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
11.4 Europe Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
11.5 Europe Aramid Honeycomb Core Materials Market Size and Forecast, By Application
11.6 Europe Aramid Honeycomb Core Materials Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Aramid Honeycomb Core Materials Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Aramid Honeycomb Core Materials Market Share Analysis, By Type
12.3 Asia Pacific Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
12.4 Asia Pacific Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
12.5 Asia Pacific Aramid Honeycomb Core Materials Market Size and Forecast, By Application
12.6 Asia Pacific Aramid Honeycomb Core Materials Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Aramid Honeycomb Core Materials Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Aramid Honeycomb Core Materials Market Share Analysis, By Type
13.3 Latin America Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
13.4 Latin America Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
13.5 Latin America Aramid Honeycomb Core Materials Market Size and Forecast, By Application
13.6 Latin America Aramid Honeycomb Core Materials Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Aramid Honeycomb Core Materials Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Aramid Honeycomb Core Materials Market Share Analysis, By Type
14.3 Middle East Aramid Honeycomb Core Materials Market Size and Forecast, By Aramid Type
14.4 Middle East Aramid Honeycomb Core Materials Market Size and Forecast, By Transportation Type
14.5 Middle East Aramid Honeycomb Core Materials Market Size and Forecast, By Application
14.6 Middle East Aramid Honeycomb Core Materials Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Hexcel Corporation
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Plascore, Inc
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 The Gill Corporation
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 EURO-COMPOSITES
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 ACP Composites, Inc
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Toray Advanced Composites
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Argosy International Inc.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Showa Aircraft Industry Co. LTD
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Teijin Aramid B.V.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 HONEYCOMB CELLPACK A/S
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
