Nomex Honeycomb Market Growth: Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2028
Global Nomex Honeycomb Market
Nomex Honeycomb is a lightweight and durable composite with a high strength to weight ratio and an aramid fiber structure. Some of its key features include compatibility with the highest adhesives used in sandwich composites, fire and corrosion-resistant properties, thermal insulation, excellent dielectric properties, and improved thermal stability. These properties make it ideal for use in radomes, antennas, flooring, military shelters, aircraft rotor blades, fuel tanks, and marine bulkhead joiner plates.
In 2019, The global nomex honeycomb market size surpassed USD 500 million. In addition, it is projected to gather a CAGR of above 8.5% over the forecast years 2020-2028.
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The properties provided by Nomex honeycombs such as dielectric properties, good thermal stability, and high strength promote its use in high-performance applications. The transport application segment is the second-highest share segment in the target market. Nomex honeycomb provides tremendous benefits as it allows components to retain low weight while providing fuel efficiency. Nomex honeycomb is also used in various applications such as rails, car panels, and many others.
Increased adoption of composites in the aerospace and defense industries is considered to be the key factor expected to stimulate the growth of the global honeycomb nomex market in the coming years. In addition, the growing demand of this product from the rail transport industry is anticipated to boost the global market growth in the upcoming years. Furthermore, it is expected that the growth of the application base and the rising focus on research and development activities will lead to the development of the industry in the immediate future.
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On the other hand, because of its open-cell nature, the absorption of water and moisture by honeycombs and the high cost of raw materials are considered to be a key challenge for key participants in the nomex honeycomb market across the world. Thus, main industry players are focused on delivering low-cost goods, which are expected to create exciting growth prospects in the coming years.
The global nomex honeycomb industry is highly competitive in nature as large number of small & medium enterprises and well-established manufacturers are operating in this industry. Prominent players operating in this industry are Advanced Honeycomb Technologies Inc., Avic Composite Corporation, DuPont, Euro-Composites, Hexcel Corporation, Honylite, Plascore Inc., Royal Ten Cate N.V., The Gill Corporation, and TRB Lightweight Structures Limited. Manufacturers operating in this industry are adopting different actions such as new product development, technological enhancement, partnerships, merger & acquisition, and research & development in order to form strategies to cater growing industry requirement.
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Key Segments of the Global Nomex Honeycomb Market
Grade Overview, 2018-2028 (USD Million)
- Aerospace Grade
- Commercial Grade
End User Overview, 2018-2028 (USD Million)
- Aerospace & Defense
- Sporting Goods
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
What does the report include?
- The study on the global nomex honeycomb market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the nomex honeycomb industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on grade and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Some Major Points from TOC:
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.2 Value Chain Analysis
4.3 Market Dynamics
126.96.36.199 Rising Adoption of Composites in Rail Transportation
188.8.131.52 High Cost of Raw Materials
184.108.40.206 Rising Aerospace & Defense Industry
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Nomex Honeycomb Market by Grade
5.1.1 Aerospace Grade
5.1.2 Commercial Grade
Chapter 6 Nomex Honeycomb Market by End User
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