Press release
Honeycomb Sandwich Material Market Expected to Grow at a Steady CAGR by 2022
Honeycomb sandwich material is used particularly in various applications that have high stiffness-to-weight ratio, involve high strength-to-weight ratio and corrosion resistance. This material is applicable in automotive, satellites, aerospace & aircraft, trains, and others including marine and clean room industry sectors. In the past few years, the market of honeycomb sandwich materials has witnessed considerable growth and is anticipated to sustain this trend over the forecast period owing to its rising demand in above mentioned industries.The report on the global Honeycomb sandwich material market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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Regionally, the honeycomb sandwich material market has been fragmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Among these, North America is estimated to account for the huge share of the global honeycomb sandwich material market in the coming years, followed by Asia-Pacific, Europe, and the Rest of the World (RoW). Collectively, Europe and North America region are projected to account for huge market share throughout the forecast period. This is attributed to increase in the applications of automobiles, satellites, trains as well as commercial and defense aircrafts in these regions and hence driving the demand for honeycomb sandwich material.
KEY MARKET PLAYERS
Key players in the honeycomb sandwich material market include:
1. Hexcek Corporation
2. Pacific panels Inc.
3. COREX-honeycomb
4. The Gill Corporation
5. 3A composites holding AG
6. Econcore N.V.
7. Samia Canada Inc.
8. Liming Honeycomb Composites Co., Ltd.
9. Guangzhou Aloya Renoxbell Aluminum Co., Ltd.
10. 3M Company
11. Benecor, Inc.
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