aramid honeycomb core materials Market Size, Share, Key Drivers, Industry Growth and Opportunity Analysis
Aramid honeycomb core materials market size is valued at USD 502.25 billion by 2028 and is expected to grow at a compound annual growth rate of 10.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aramid honeycomb core materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Aramid honeycomb core materials are the type of high strength, lightweight, nonmetallic materials which are manufactured from aramid fiber paper with the emblematic hexangular cell shape. After the honeycomb is formed, it is encrusted with a heat resistant phenol resin to enhance its strength and thermal properties.
The various superior performance properties over other honeycomb core materials have highly influenced growth of the aramid honeycomb core materials market. In line with this, increased preference for lightweight materials in the aerospace and defense industries across the globe is also acting as a key determinant favoring the growth of the aramid honeycomb core materials market over the forecast period of 2021 to 2028. Also the, rising usage of 3D printing to manufacture honeycomb panels and government incentive package for the aerospace industry amid the COVID-19 crisis are also positively impacting the growth of the aramid honeycomb core materials market. The major factor accountable for the growth of the market is the strong presence of established raw material suppliers.
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Scope of the Global aramid honeycomb core materials Market Report:
Aramid honeycomb core materials market is segmented on the basis of type, aramid type, application and transportation type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the aramid honeycomb core materials market is segmented into nomex and others
- On the basis of aramid type, the aramid honeycomb core materials market is segmented into meta aramid and para aramid.
- Based on application, the aramid honeycomb core materials market is segmented into interior and exterior.
- The transport type segment for aramid honeycomb core materials market is segmented into airways, railways, waterways and roadways. Airways have further been segmented into civil and defense. Railways have further been segmented into metros and mono rails, passenger rails and high-speed and bullet trains. Waterways have further been segmented into power boat, sailboat, cruise ship and others. Roadways have further been segmented into automotive, recreational vehicles and others.
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The major players covered in the aramid honeycomb core materials market report are 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, DuPont, Honeylite, Schütz GmbH & Co. KGaA, Advanced Honeycomb Technologies, Aramicore Composite Co., Lt., Huvis, Corex Honeycomb, China National Bluestar (Group) Co, Ltd., TAEKWANG INDUSTRIAL CO. LTD., and Tasuns Composite Technology Co. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global aramid honeycomb core materials Market Regional Analysis/Insights
The Global aramid honeycomb core materials market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Global aramid honeycomb core materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Global aramid honeycomb core materials within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Global aramid honeycomb core materials market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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