High-temperature Honeycomb Sandwich Materials Market to Grow at a CAGR of 10.3% During 2020-2025


Posted August 10, 2020 by Blessy_Joy

The Increase in Production of Various Aircrafts and Growth in the Space Industry is the Key Factors That Drive the High-temperature Honeycomb Sandwich Materials Market.

 
High-Temperature Honeycomb Sandwich Materials Market is forecast to reach $561.59 million by 2025, after growing at a CAGR of 10.3% during 2020-2025. A honeycomb sandwich is a structure made of three layers in which a low-density core is inserted between two relatively thin layers, giving it superior mechanical properties with minimal weight. The global demand for high-temperature honeycomb sandwich materials has gained traction owing to its superior mechanical performance and lightweight nature. Resin transfer molding has shown potential to reduce the production costs of high temperature honeycomb sandwich parts. Resin transfer molding sandwich honeycomb parts were produced by controlling resin flow during infusion with scrims of different weight.

Key Takeaways
North America is the leading consumer of high-temperature honeycomb sandwich and is projected to continue this position throughout forecast period.

The increase in production of various aircrafts and growth in the space industry is the key factors that drive the high-temperature honeycomb sandwich materials market.

The high cost of production and high price of raw materials cost are the major restraint for the growth of the global High-Temperature Honeycomb Sandwich Market.

High-Temperature Honeycomb Sandwich materials are used in constructions for a wide range of industrial applications - from boat hulls and train interiors, to sports equipment and car chassis and body panels.

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By Application - Segment Analysis

The Aerospace & Aircraft Industry has been the primary market for High-Temperature Honeycomb Sandwich materials. Honeycomb sandwich materials are widely used on aircraft flight control surfaces such as rudder, aileron, spoiler, and flap. Each honeycomb material provides certain properties and has specific benefits. The most common core material used for aircraft honeycomb structures is aramid paper. According to the Boeing Company and Airbus Group, it is expected that by 2025 there are 1,686 units of aircraft will be delivered worldwide. These are the key factor which drive the for High-Temperature Honeycomb Sandwich materials market near future.

Drivers – High Temperature Honeycomb Materials Market
Investment in the field of satellite manufacturing
The High-Temperature Honeycomb Sandwich materials are used to manufacture panels for satellite due to its high stiffness and low weight requirements. The demand for satellite networks and services for commercial applications has increased. The growing utilization of commercial satellite platforms for dual purposes, which include military and civil, is also providing growth opportunities. Such developments are anticipated to drive the growth of the High temperature honeycomb sandwich market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the High temperature honeycomb market. Major players in the High temperature honeycomb Market are Indy Honeycomb, Benecor Inc., EconCore N.V., Ulbrich Stainless Steels & Special Metals Inc, among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business
Tags hightemperature honeycomb sandwich materials market , hightemperature honeycomb sandwich materials market size
Last Updated August 10, 2020