Overview of the honeycomb core materials market
Technavio’s market research analysts have identified the growth of the shipping industry as one of the primary factors that will trigger the growth of the honeycomb core materials market in the coming years. Maritime transport plays a significant role in the development of economy of countries across the globe. Sea transportation is cost-effective and accounts for more than 90% of the global trade and it has been estimated that the volume of world seaborne trade exceeded 10 billion tons in 2015. Maritime transport is crucial as it connects consumers, intermediaries, and industries. Moreover, it also significantly contributes to the industrial development by assisting manufacturing activities, promoting trade integration, and improving the regional economy. With the increase in sea trade activities, the demand for honeycomb core materials will increase in the coming years, fueling the growth of this global market. Our market research analysts have estimated that this market will grow steadily at a CAGR close to 8% by 2022.
The increasing government spending on wind energy systems is one of the key trends that will gain traction in the honeycomb core materials market during the forecast period. With awareness about the benefits of wind energy, governments across the globe are constantly focusing on wind energy systems and the promotion of R&D activities. The US and Europe are the leading wind energy markets. With the growing government investments in wind turbine and energy-generating systems, the demand for honeycomb core materials will increase in the coming years.
Top companies listed in this report
The honeycomb core materials market appears to be fragmented due to the presence of several players. This industry research report provides information about the competitive environment among the players in this marketspace and also offers information about the strategies the companies follow and the areas they focus on improve their market shares and sustain the competitive environment of this honeycomb core market.
The report includes an analysis of a number of companies in this marketspace including -
- Argosy International
- Carbon-Core
- EconCore
- EURO-COMPOSITES
- Hexcel Corporation
- Plascore
Segmentation by end-user and analysis of the honeycomb core materials market
- Aerospace and defense
- Marine
The aerospace and defense sector was the major end-user to the honeycomb core materials market during 2017. According to our analysts, this segment will contribute to the maximum demand for honeycomb core materials during the next few years as well.
Geographical segmentation and analysis of the honeycomb core materials market
- APAC
- Europe
- North America
- ROW
North America accounted for the maximum share of the honeycomb core materials market during 2017. Our analysts have predicted that this region will provide the maximum growth opportunities to the players in this honeycomb core market during the next few years as well.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global honeycomb core materials market?
- What are the key market trends impacting the growth of the global honeycomb core materials market?
- What are the challenges to market growth?
- Who are the key vendors in the global honeycomb core materials market?
- What are the market opportunities and threats faced by the vendors in the global honeycomb core materials market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global honeycomb core materials market?
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