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.The report estimates the market size and future growth potential of Nomex honeycomb market across different segments such as application and region.

A shift in the trend from traditional materials towards Nomex honeycomb is witnessed. Nomex honeycomb offers properties such as high thermal performance, corrosion resistance, high strength, and others. The aerospace & defense is the biggest application segment and is driving the growth of the market during the forecast period.
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Target audience
• Nomex honeycomb manufacturers
• Composite manufacturers
• Raw material suppliers
• Distributors & suppliers
• End-use industries
• Industry associations
• Investment research firms

Scope of the Report
The research report segments the Nomex honeycomb market into the following segments:
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)

Nomex honeycomb is majorly used in the exterior of aerospace applications such as leading and trailing edges, radomes, and so on. Therefore, exterior aerospace & defense application has the largest market share in the global Nomex honeycomb market. Nomex honeycomb has high mechanical strength and heat resistance which is ideal for exterior aerospace & defense application.

Currently, North America is the largest consumer of Nomex honeycomb. The U.S, the U.K, Germany, France, and Canada are among the major markets of Nomex honeycomb. The Brazilian market for Nomex honeycomb in the RoW region is projected to register the highest CAGR during the forecast period. The growth of the aerospace industry and improved transportation facilities in the region has led to an increase in the demand for Nomex honeycomb.

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High cost of raw materials required for manufacturing Nomex honeycomb is acting as a barrier for Nomex honeycomb in various applications. However, companies are adopting various strategies to build a strong foothold in the market through several developmental activities. Hexcel Corporation is one of the major manufacturer of Nomex honeycomb.

The company has been able to hold a leading position by tapping various global markets. The company has undertaken strategic alliances with local distribution centers in emerging markets such as China and India to increase its market share and customer base. The company has shown a positive growth in the Nomex honeycomb market in the last few years due to is high grade products.

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