Honeycomb Core Materials Market
Global Honeycomb Core Material Market was valued at USD 2.05 Billion in 2018 and is expected to reach USD 5.07 Billion by 2026 at a CAGR of 11.98%.
Escalating demand for high strength, lightweight and environment-friendly packaging solutions are driving the growth of the honeycomb core materials market. Players operating in the honeycomb core material are entering into agreements with other companies to develop new products and acquiring smaller companies to grow their presence and secure their position in the global market.
Honeycomb core materials market based on end-use industry, the packaging segment is estimated to lead the honeycomb core materials market in terms of volume as well as value. Honeycomb core materials are not only durable and strong but they also offer rigidity and cushioning thereby providing outstanding protection.
The paper segment can be further attributed to increasing in demand for honeycomb core materials in protecting industrial appliances. Household equipment and delicate & fragile products are also protected from external influence during transportation with the application of honeycomb core materials further helping the overall growth.
Asia Pacific region formed the largest market for honeycomb core materials market in terms of volume as well as value. The growth of the packaging industry is directly driving the honeycomb core materials market in the Asia Pacific region. Drivers such as the increase in the use of paper honeycomb in pallets and boxes for transportation of goods along with growing demand for honeycomb core materials in developing countries, such as India and China.
Scope of the Report:
Honeycomb Core Materials Market, by Type:
Honeycomb Core Materials Market, by Application:
Honeycomb Core Materials Market, by End-Use Industry:
• Construction & infrastructure
• Aerospace & Defense
Honeycomb Core Materials Market, by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key players operating in the Honeycomb Core Materials market:
• Honicel (Netherlands)
• Hexcel Corporation (US)
• Euro-Composites (Luxembourg)
• Argosy International (US)
• Grigeo (Lithuania)
• Plascore (US)
• Tubus Baer GmbH (Germany)
• Corinth Group (Netherlands)
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