According to a new report published by Allied Market Research, titled, "Honeycomb Core Materials Market," The honeycomb core materials market was valued at $2.5 billion in 2022, and is estimated to reach $5.2 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.

The aerospace industry is the fastest growing sector globally owing to rise in demand for air tourism, advancement in technology, and international trade promotion. Moreover, emerging economies have enhanced the overall performance of the aerospace industry in both developed and developing countries such as the US, China, and India. Aluminum-based honeycomb core materials are an ideal source of strength and have the ability to work under high wind pressure atmosphere. Thus, aluminum-based honeycomb sandwich structures are used on aircraft flight control surfaces that include aileron, rudder, spoiler, and flap. These factors are responsible for the growing demand for honeycomb core materials in the aerospace sector. In addition, the aerospace industry helps in escalating the economy of developed and developing countries. For instance, according to an article published by the International Air Transport Association (IATA) in December 2022, in 2023, the airline industry is expected to tip into profitability. Airlines are anticipated to earn a global net profit of $4.7 billion on revenues of $779 billion. These factors will boost the demand for honeycomb core materials in the aerospace industry, which is likely to create lucrative opportunities for the expansion of the global market during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the honeycomb core materials market analysis from 2022 to 2032 to identify the prevailing honeycomb core materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the honeycomb core materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global honeycomb core materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Aluminum Core
- Type
- 3000 Series Aluminum core
- 5000 Series Aluminum core
- 5000 Series Aluminum PAA core
- Aramid Core
- Type
- Meta aramid core
- Para aramid core
- Paper
- Thermoplastic
- Others
By End Use Industry
- Packaging
- Aerospace and Defense
- Construction and Infrastructure
- Automotive
- Others
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Argosy International
- Corex Honeycomb
- Euro-Composites
- fabrinox
- Hexcel Corporation
- Honylite
- Plascore
- RelCore Composites Inc.
- Schtz GmbH & Co. KGaA
- Showa Aircraft Industry Co., Ltd
- TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD.
- The Gill Corporation
- Toray Advanced Composites