Market Overview:
The global honeycomb sandwich material market reached a value of US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Honeycomb sandwich is a structure used in automobile, space structures and aircraft flight control surfaces, such as aileron, spoiler, rudder, and flap. It is made using three layers wherein a low-density core is inserted between two relatively thin layers for reducing its weight and improving its mechanical properties. As it offers high strength, stiffness, and corrosive resistance, there is a rise in the adoption of these materials across the globe.
Honeycomb Sandwich Material Market Trends:
Increasing investments in satellite manufacturing, along with the growing production of aircraft, represents one of the key factors positively influencing the demand for honeycomb sandwich materials around the world. Moreover, their expanding application in the automotive and other end-use industries due to the lightweight attribute, which further helps in improving fuel efficiency, is strengthening the growth of the market. Apart from this, the escalating demand for durable and environment-friendly packaging solutions is also impelling the market growth. Furthermore, due to the coronavirus disease (COVID-19) outbreak and consequent implementation of lockdown restrictions, the manufacturing sector experienced a negative impact. This can be accredited to the complete shutdown of the manufacturing units of different industry verticals and hindrances caused in the distribution channel worldwide. As the sector plays a pivotal role in the economy of a country, governments of numerous countries are coming up to provide support. This, coupled with the rising development of new products, increasing supply agreements with other companies and acquisition of smaller companies by several players, is creating a positive outlook for the market. In addition, the rising usage of 3D printing to manufacture honeycomb panels is anticipated to fuel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global honeycomb sandwich material market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on material type, technology and application.
Breakup by Material Type:
- Aluminum
- Steel
- Composites
- Titanium
- Inconel
- Others
Breakup by Technology:
- Expansion
- Corrugation
- Molding
- Extrusion
- Others
Breakup by Application:
- Aerospace
- Automotive
- Marine
- Locomotive
- Construction
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, B.S. Innovation, Corex Honeycomb (Encocam Ltd), EconCore N.V., General Veneer Manufacturing Co., Hexcel Corporation, Honylite Private Limited, Pacific Panels Inc., Samia Canada Inc., Schütz GmbH & Co. KGaA and The Gill Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Material Type, Technology, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
3M Company, B.S. Innovation, Corex Honeycomb (Encocam Ltd), EconCore N.V., General Veneer Manufacturing Co., Hexcel Corporation, Honylite Private Limited, Pacific Panels Inc., Samia Canada Inc., Schütz GmbH & Co. KGaA and The Gill Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global honeycomb sandwich material market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global honeycomb sandwich material market?
- What are the key regional markets?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global honeycomb sandwich material market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Honeycomb Sandwich Material Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material Type
6.1 Aluminum
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Steel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Composites
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Titanium
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Inconel
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Technology
7.1 Expansion
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Corrugation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Molding
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Extrusion
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Aerospace
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Marine
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Locomotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Construction
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 B.S. Innovation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Corex Honeycomb (Encocam Ltd)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 EconCore N.V.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 General Veneer Manufacturing Co.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Hexcel Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Honylite Private Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Pacific Panels Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Samia Canada Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Schütz GmbH & Co. KGaA
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 The Gill Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Honeycomb Sandwich Material Market: Major Drivers and Challenges
Figure 2: Global: Honeycomb Sandwich Material Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Honeycomb Sandwich Material Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Honeycomb Sandwich Material Market: Breakup by Material Type (in %), 2021
Figure 5: Global: Honeycomb Sandwich Material Market: Breakup by Technology (in %), 2021
Figure 6: Global: Honeycomb Sandwich Material Market: Breakup by Application (in %), 2021
Figure 7: Global: Honeycomb Sandwich Material Market: Breakup by Region (in %), 2021
Figure 8: Global: Honeycomb Sandwich Material (Aluminum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Honeycomb Sandwich Material (Aluminum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Honeycomb Sandwich Material (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Honeycomb Sandwich Material (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Honeycomb Sandwich Material (Composites) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Honeycomb Sandwich Material (Composites) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Honeycomb Sandwich Material (Titanium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Honeycomb Sandwich Material (Titanium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Honeycomb Sandwich Material (Inconel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Honeycomb Sandwich Material (Inconel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Honeycomb Sandwich Material (Other Material Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Honeycomb Sandwich Material (Other Material Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Honeycomb Sandwich Material (Expansion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Honeycomb Sandwich Material (Expansion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Honeycomb Sandwich Material (Corrugation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Honeycomb Sandwich Material (Corrugation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Honeycomb Sandwich Material (Molding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Honeycomb Sandwich Material (Molding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Honeycomb Sandwich Material (Extrusion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Honeycomb Sandwich Material (Extrusion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Honeycomb Sandwich Material (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Honeycomb Sandwich Material (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Honeycomb Sandwich Material (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Honeycomb Sandwich Material (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Honeycomb Sandwich Material (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Honeycomb Sandwich Material (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Honeycomb Sandwich Material (Marine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Honeycomb Sandwich Material (Marine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Honeycomb Sandwich Material (Locomotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Honeycomb Sandwich Material (Locomotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Honeycomb Sandwich Material (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Honeycomb Sandwich Material (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Honeycomb Sandwich Material (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Honeycomb Sandwich Material (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Honeycomb Sandwich Material Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Honeycomb Sandwich Material Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Honeycomb Sandwich Material Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Honeycomb Sandwich Material Industry: SWOT Analysis
Figure 92: Global: Honeycomb Sandwich Material Industry: Value Chain Analysis
Figure 93: Global: Honeycomb Sandwich Material Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Honeycomb Sandwich Material Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Honeycomb Sandwich Material Market Forecast: Breakup by Material Type (in Million US$), 2022-2027
Table 3: Global: Honeycomb Sandwich Material Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Honeycomb Sandwich Material Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Honeycomb Sandwich Material Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Honeycomb Sandwich Material Market: Competitive Structure
Table 7: Global: Honeycomb Sandwich Material Market: Key Players