Global Honeycomb Core Materials Market 2022

The key issue expected to drive the expansion of the honeycomb core materials market across the world is that the increasing want for reclaimable and light-weight packaging solutions. The honeycomb core materials market is projected to succeed in USD 3.21 billion by 2022, at a CAGR of 9.5% from 2017 to 2022. The increasing e-commerce, at the side of the requirement for safe and secure transportation of product, adds to the demand of paper honeycomb core materials.

The key issue expected to drive the expansion of the honeycomb core materials market across the world is that the increasing want for reclaimable and light-weight packaging solutions. The honeycomb core materials market is projected to succeed in USD 3.21 billion by 2022, at a CAGR of 9.5% from 2017 to 2022. The increasing e-commerce, at the side of the requirement for safe and secure transportation of product, adds to the demand of paper honeycomb core materials.

Honeycomb Core Materials Market is projected to grow at a CAGR of 9.5% from 2017 to 2022

The honeycomb core materials market is projected to reach USD 3.21 billion by 2022, at a CAGR of 9.5% from 2017 to 2022. The key factor expected to drive the growth of the honeycomb core materials market across the globe is the increasing need for recyclable and lightweight packaging solutions. The rapidly increasing e-commerce, along with the need for safe and secure transportation of products, adds to the demand of paper honeycomb core materials, thus driving the market. Also, the use of Nomex and aluminum honeycombs in high-performance applications in aerospace & defense and transportation also drives the market. However, the absorbance of water and moisture by open cells of the honeycomb core and the high cost of Nomex honeycombs may restrain the growth of the market.

Based on type, the paper segment is projected to lead the market, in terms of value and volume, during the forecast period

Paper honeycombs are 100% recyclable, are organic, and environmentally friendly. They are lightweight, strong, resistant to compression, safe, and versatile. Paper honeycombs are increasingly used in the furniture, automotive, and packaging industries.

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Among applications, the non-composites segment is projected to grow at the highest CAGR, in terms of value and volume, during the forecast period

Non-composite applications of honeycomb core materials include packaging boxes, pallets, elevators, kitchen cabinets, and so on. The increasing need for lightweight and economical products has triggered the growth of the non-composites application segment of the honeycomb core materials market. Honeycomb core materials are lightweight and are used in protective packaging applications. They are expected to efficiently replace denser materials, such as wood and plastic.

The Asia Pacific honeycomb core materials market is projected to grow at the highest CAGR, in terms of value and volume, between 2017 and 2022

The Asia Pacific honeycomb core materials market is projected grow at the highest CAGR during the forecast period. The growth of the honeycomb core materials market in Asia Pacific can be attributed to the increasing demand from the region’s packaging, construction & infrastructure, and transportation industries.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

- By Company Type- Tier 1 - 40%, Tier 2 - 20%, and Tier 3 - 40%
- By Designation- C Level - 25%, Director Level - 25%, and Others - 50%
- By Region- Asia Pacific - 55%, Europe - 25%, North America - 10%, Middle East & Africa - 5%, and South America - 5%

The report provides a comprehensive analysis of the profiles of the companies listed below:

- Hexcel Corporation (US)
- Honicel (Netherlands)
- Packaging Corporation of America (US)
- Argosy International (US)
- Euro-Composites (Luxembourg)
- Grigeo (Lithuania)
- Dufaylite Developments (UK)
- CARTOFLEX (Serbia)
- Corinth (Netherlands)
- Axxion (Netherlands)

To browse full research report with TOC, click the link below :
https://www.bharatbook.com/materials-chemicals-market-research-reports-966900/honeycomb-core-materials-type-application-end-use-region-global-forecast.html

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Keywords : Honeycomb Core Materials, Paper, Aluminum, Thermoplastic, Nomex, Composites, Non-composites, Aerospace, Defense, Packaging, Transportation, Construction, Infrastructure, Honeycomb Core Materials Market Report, Honeycomb Core Materials Market Outlook, #United States, #Australia, #Canada, #United Kingdom,

by Xavier (few months ago!)

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