Non-Honeycomb Sandwich Panel Core Materials Market size is forecast to reach $1.04 billion by 2025 after growing at a CAGR of 6% during 2020-2025. Non-Honeycomb sandwich panel core materials which is composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. The growth of the market of non-honeycomb sandwich panel core materials is expected to be driven by the high demand from the aerospace industry. The other growth factor is construction industry which is using non-honeycomb sandwich panel core materials for manufacturing of light weight parts.

Key Takeaways

Asia-Pacific dominates the non-honeycomb sandwich panel core materials market owing to increasing demand from construction industry.

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

The high cost of production and high price of raw materials cost are the major restraint for the growth of the non-honeycomb sandwich panel core materials market.

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By Application- Segment Analysis

Aircraft engines segment held the largest share in the non-honeycomb sandwich panel core materials market in terms of application in 2019. Non-honeycomb sandwich panel core materials can be as much as 40 times stronger than laminates in certain scenarios, for instance, and often offers better weight-to-strength ratios. Also, load carry and load transference are much greater in honeycomb than in laminate. Therefore, non-honeycomb sandwich panel core materials are suitable for making aircraft engines. Rise in replacement of aging aircraft has led to boost in new aircraft manufacturing, which in turn is expected to drive the growth of the market. The market is expected to witness increasing demand for lightweight materials in an attempt to improve the cost-efficiency and environmental performance of aircraft. Hence, high strength, lightweight fiber-reinforced composites are gaining prominence in aircraft manufacturing, to increase fuel efficiency, decrease emissions, and reduce material usage, thereby allowing installation of new functions. This will derive the market of non-honeycomb sandwich panel core materials in the forecast period.

Drivers-Non-Honeycomb Sandwich Panel Core Materials Market

Investment in the field of satellite manufacturing

Growth In the Field of marine Industry will drive the market

Market Landscape

Major players in the non-honeycomb sandwich panel core materials market are 3A Composites, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd., Diab Group, Euro-Composites S.A and others.

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