PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393284
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393284
According to SPER Market Research, 'Aluminium Honeycomb Market Size- By Type, By Application, By Product, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Aluminium Honeycomb Market is predicted to reach USD 6.28 billion by 2033 with a CAGR of 6.61.
Aluminium honeycomb is a portable, yet highly durable material used extensively in the aerospace and marine industries. It is made by connecting thin sheets of aluminium to form a honeycomb pattern. This pattern creates little pockets that can be filled with air or other materials to create a lightweight framework. Aluminium honeycomb is commonly used in aircraft wings, fuselages, and other structural components that must be both robust and lightweight.
Furthermore, The COVID-19 outbreak has halted industrial activities in the automotive, aerospace, and marine industries due to supply chain disruption and government-imposed lockdown measures. As a result, there has been a global reduction in demand for aluminium honeycomb panels. In terms of consumption, Europe had the largest market size during the anticipated era.