Structural Core Material Market in Aerospace Interior Worth 220.2 Million USD by 2021

Jul 22, 2016, 09:30 ET from MarketsandMarkets

PUNE, India, July 22, 2016 /PRNewswire/ --

The report "Structural Core Material Market in Aerospace Interior by Type (Honeycomb, Foam, and Balsa), Aircraft Type (Commercial Aircraft, Defense Aircraft, General Aviation, and Helicopter), Application, and by Region - Global Forecast to 2021", published by MarketsandMarkets, The global market size in aerospace interior is estimated to grow from USD 142.2 Million in 2016 to USD 220.2 Million by 2021, at a compound annual growth rate (CAGR) of 9.13% during the same period.

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The structural core material market in aerospace interior is mainly dominated by commercial aircrafts and general aviation due to increase in the demand for aircrafts such as Boeing 787 and Airbus A350.

Rising use of structural core material in commercial aircrafts is driving the structural core material market in aerospace interiors 

Commercial aircraft mainly include single- and double-aisle; require low-density and lightweight core material. Structural core materials are used between thin sheets of composites in interiors that dramatically increase a panel's stiffness in these aircrafts. Application of structural core material in aircraft interiors is expected to increase as the main cabin segment is facing growing demand for new materials that both reduce aircraft weight and allow the passenger more personal and luggage space. The commercial aircrafts require heat and flame resistant materials that provide passenger safety, and therefore, structural core materials are being increasingly used in these aircrafts as they meet the specific requirements.

Honeycomb core material, in terms of value, dominates the global structural core material market in aerospace interiors 

Nomex honeycomb dominated the honeycomb Structural Core Material Market in aerospace interior, in terms of value, due to its high cost and applications in critical parts of aerospace interiors. Foam is also being increasingly used in aircraft interiors as it has low moisture absorption, which could eliminate the need for edge filling in some interior structures, thus reducing labor, cost, and weight. Hexcel Corporation established a new manufacturing facility in Casablanca, Morocco to cater to the increasing demand for core structure, which involves the production of honeycomb materials. This development was made to accommodate the rise in demand for honeycomb from various applications.

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North America is the largest market of structural core material in aerospace interior 

North America has the highest number of aerospace industries that require superior-performance materials to provide a competitive edge to the North American aircraft component manufacturers and provide customers with advanced aircraft structures. Also, the market for PCB (printed circuited board), one of the key users of glass structural core material market in aerospace interior, is growing at a good pace in the region. Also, the increasing use of foam such as PMI in the aerospace industry, primarily in Boeing (U.S.) aircraft, is projected to boost the North American foam market during the forecast period.

The major players in the structural core material market in aerospace interior include:

  • Hexcel Corporation (U.S.)
  • DIAB Group (Sweden)
  • 3A Composites (Switzerland)
  • Euro-Composites (Luxemburg)

MarketsandMarkets broadly segments the structural core material market in aerospace interior on the basis of type, aircraft type, application, , and region. The study covers more than 10 countries of the five main regions, namely, North America, Europe, Asia-Pacific, and RoW.

Browse Related Reports: 

Core Materials Market for Composites by Type (Foam, Honeycomb, and Balsa), by End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction, and Others), and by Region - Global Forecasts to 2021

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

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