The Nomex Honeycomb Market is Estimated to Reach USD 383.3 Million by 2021


Posted July 11, 2018 by abhijeetw1

The global Nomex honeycomb market is estimated to grow from USD 237.1 Million in 2015 to USD 383.3 Million by 2021, at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021.

 
The report "Nomex Honeycomb Market by Application (Aerospace & Defense, Transportation, Sporting Goods and Others), Aerospace & Defense, Sub Application (Interior and Exterior), and by Region - Global Forecasts to 2021", The global Nomex honeycomb market is projected to grow from USD 237.1 Million in 2015 to USD 383.3 Million by 2021 at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021.

Browse 70 market data Tables and 31 Figures spread through 107 Pages and in-depth TOC on "Nomex Honeycomb Market by Application (Aerospace & Defense, Transportation, Sporting Goods and Others), Aerospace & Defense, Sub Application (Interior and Exterior), and by Region - Global Forecasts to 2021"

https://www.marketsandmarkets.com/Market-Reports/nomex-honeycomb-market-197303057.html

The Nomex honeycomb market is mainly dominated by the aerospace & defense application. They are widely used in transportation and aerospace applications along with composites as they provide additional strength. The increase in the demand for corrosion and heat resistant products encourages the use of reliable components made from Nomex honeycomb in aerospace & defense and transportation applications. Nomex honeycomb also have good electrical insulating properties.

Rising use of composites in aerospace & defense industry to drive the Nomex honeycomb market

The use of composite materials and related core materials, including Nomex honeycomb, in the aerospace & defense industry has gained momentum in the past few decades. The latest Airbus now boasts a 53% usage of composite material among its long lists of new features. This shows the increase in the use of composites, which was hardly 2-5% in the past few years. One of the main reasons for the rising use of composites in aircraft is the advantages offered by honeycombs such as reduction in weight and corrosion resistance. These properties of Nomex honeycomb results in low emissions and maintenance costs in comparison to traditional materials used for manufacturing aircraft. This increasing use drives the Nomex honeycomb market.

North America is the largest market for Nomex honeycomb

North American is the biggest and the fastest-growing market for Nomex. The growing aerospace industry, industrial development, and transportation industry in the region, which are the major applications of Nomex honeycomb, is the major factor driving the Nomex honeycomb market in North America.

The major players in the Nomex honeycomb market include:

Hexcel Corporation (U.S)
Royal Ten Cate N.V (Netherlands)
Euro-Composites (Luxembourg)
Plascore Inc. (U.S)
The Gill Corporation (U.S)
MarketsandMarkets broadly segments the Nomex honeycomb market on the basis of region and application. The study covers more than 10 countries of the four main regions namely, North America, Europe, Asia-Pacific, and the RoW.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=197303057

Target audience

Nomex honeycomb manufacturers
Composite manufacturers
Raw material suppliers
Distributors & suppliers
End-use industries
Industry associations
Investment research firms
By Application:

Aerospace & defense
Transportation
Sporting goods
Others
Aerospace & defense: Sub-segment, By application:

Exterior
Interior
By Region

North America
Asia-Pacific
Europe
RoW (Rest of the World)
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Issued By MarketsandMarkets
Country United States
Categories Business , Industry , Manufacturing
Tags nomex honeycomb , nomex honeycomb market
Last Updated July 11, 2018