Non-Honeycomb Sandwich Panel Core Materials Market worth $894 Mn by 2023 | by Material Type, End User & Region-Forecasts


(MENAFN- EIN Presswire)

Non-Honeycomb Sandwich Panel Core Materials Market

Non-Honeycomb Sandwich Panel Core Materials market growth is driven by rising adoption in automotive, aerospace & defense, marine, wind energy, etc.

PORTLAND, UNITED STATES, USA, September 2, 2021 /EINPresswire.com / -- Non-Honeycomb Sandwich Panel Core Materials Market was exceeded $690 million in 2016, and is projected to hit $894 million by 2023, According to a new report published by Allied Market Research. Asia-Pacific is dominating the non-honeycomb sandwich panel core materials market, and is expected to continue leading through 2023.

Sandwich structure is a composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. Examples of these structures include skins made of glass/carbon/Kevlar fibers in vinyl ester/epoxy matrix bonded and separated by core materials such as foam and balsa. Sandwich panel serves designers in multiple ways; for example, they are majorly used to achieve high structural rigidity & low weight, and to impart enhanced properties such as vibration & noise damping, improved insulation behavior, and impact resistance.

Do Enquiry for Sample Report @

Sandwich panels are lighter than individual components, resulting in increased adoption in automotive, aerospace & defense, marine, wind energy, and construction industries. However, high production cost of sandwich panel materials is projected to restrain the growth of the global market. Technological advancements in the composite molding processes, specifically related to building materials, are anticipated to provide numerous growth opportunities for the non-honeycomb sandwich panel core materials market players.

Foam accounted for around two-thirds of the revenue in 2016. The high-density foam segment dominated the non-honeycomb sandwich panel core materials market, generating for nearly three-fourths of the total revenue in the same year. Aerospace segment is expected to witness the fastest growth, owing to rise in demand for lightweight and durable materials.

Key findings and scope

1. Foam segment is expected to grow at a CAGR of 5.8% during the forecast period.
2. India is estimated to be the fastest growing country, globally, for 2017-2023, growing at a CAGR of 7.3%.
3. Wind energy end user industry approximately occupied more than two-fifths of the global market share in 2016.
4. Germany occupied approximately one-fourth of the Europe non-honeycomb sandwich panel core materials market in 2016, and is expected to grow at a significant CAGR of 4.3%.

Interested in Procuring this Report? visit @

By End Use Industry

1. Aerospace
2. Wind Energy
3. Marine
4. Transportation
5. Construction
6. Others

In 2015, Asia-Pacific and Europe collectively accounted for nearly two-thirds of the market, though North America is expected to grow at a faster rate than Europe during the forecast period. High growth rates in Canada, and Mexico, is estimated to drive this development.

The major companies profiled in the non-honeycomb sandwich panel core materials market include Diab Group, Hexcel Corporation, 3A Composites, Euro-Composites S.A., Gurit Holding AG, The Gill Corporation, Changzhou Tiansheng New Materials Co. Ltd., Plascore Incorporated, Armacell International S.A., and Evonik Industries AG.

Request Customization @

About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Browse Similar Report:

Aramid Fiber Reinforcement Materials Market Growth Opportunity till 2022

GCC Extruded Polystyrene Insulation Materials Market growth Analysis, 2023

David Correa
Allied Analytics LLP
+1 -503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

MENAFN02092021003118003196ID1102731901


EIN Presswire

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.