NEW YORK, Dec. 19, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the honeycomb core materials market looks good with opportunities in the aerospace, defense, and marine industries. The global honeycomb core materials market is forecast to grow at a CAGR of 7.9% from 2016 to 2021. The major driver for the growth of this market is increasing demand for lightweight materials in the aerospace and defense industries.
In this market, aerospace, defense, and marine are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the aerospace segment is expected to show above-average growth during the forecast period.
Within the honeycomb core materials market, the aerospace segment is expected to remain the largest application by both value and volume. Expected Increase in aircraft production and increasing demand for lightweight materials in modern aircraft to reduce the structural weight and improve fuel economy are the major driving forces that spur growth for this segment over the forecast period.
By product type, nomex honeycomb by value and aluminum honeycomb by volume is expected to remain the largest market over the forecast period due to their growing demand in aerospace and defense industries.
North America is expected to remain the largest market during the forecast period due to presence of major aerospace Original Equipment Manufacturers (OEMs) and part fabricators and increasing demand for lightweight materials.
Asia Pacific is expected to witness the highest growth over the forecast period due to growth of end use industries and increasing use of lightweight materials in aerospace.
For business expansion, this report suggests innovation and new product development for achieving higher strength and stiffness, better acoustic properties, and formability in all directions.
Emerging trends, which have a direct impact on the dynamics of the industry, include addition of lightweight rubber membrane in honeycomb cores to reduce noise in aircraft and cost-efficient production of honeycomb core with homogenous skin bonding. Hexcel, The Gill Corporation, Euro-Composites, and Plascore are among the major suppliers of honeycomb core materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global honeycomb core materials market by end use application, product type, and region, and has come up with a comprehensive research report, "Growth Opportunities in the Global Honeycomb Core Materials Market 2016-2021: Trends, Forecast, and Opportunity Analysis" The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global honeycomb core materials market by end use application, product type, and region as follows:
By end-use application [Volume (M lbs) and Value ($ million) from 2010 to 2021]:
Aerospace Defense Marine Others
By product type [Volume (M lbs) and Value ($ million) from 2010 to 2021]:
Nomex Aluminum Others
By region [volume (M lbs) and Value ($ million) from 2010 to 2021]:
North America Europe Asia Pacific Rest of the World
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for honeycomb core materials market by end-use application (aerospace, defense, marine, and others), product type (aluminum, nomex, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M & A activity has occurred in the last 5 years and what is its impact on the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the Global Honeycomb Core Materials Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities in the global honeycomb core materials market size estimation in terms of value ($ Mil) and volume (million pounds) shipment.Trend and forecast analysis: Global honeycomb core materials market trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Global honeycomb core materials market size by various end use applications such as aerospace, defense, marine, and others in terms of value and volume shipment. Global honeycomb core materials market size by various product types such as nomex, aluminum and others.Regional analysis: Global honeycomb core materials market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.Growth opportunities: Analysis on growth opportunities in different applications, product type, and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of honeycomb core materials in the global honeycomb core materials market suppliers.Emerging applications: Emerging applications of global honeycomb core materials in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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