Lightweight And Self-Internal Reinforced Structure Is The Prominent Factor Shaping The Demand For Honeycomb Market

(MENAFN- iCrowdNewsWire)

As per industry analysis on the honeycomb board market by Fact.MR, the Demand For Honeycomb Board Market  is anticipated to be valued at US$ 1.2 Bn in 2021, expanding at a rapid CAGR of 6.5% over the forecast period of 2021-2031.

For More Insights Into The Market, Request a Sample of this Report –

Fact.MR, market research and competitive intelligence provider, analyses that rising fuel costs and constant push from regulatory bodies over fuel economy have provided an opportunity for lightweight material manufacturers to come up with unique-designed panels, including honeycomb boards.

Honeycomb boards are effectively designed panels that are stronger and lighter than conventional dense metal boards. This has attracted prominent automakers such as BMW, Mercedes Benz, Porsche, and Volkswagen, among others, for product utilization for skins as well as for automotive cores.

Share Your Requirements & Get Customized Reports –

Moreover, from a price point of view, honeycomb boards are cost-effective to produce owing to limited raw material utilization coupled with ease of production. This induces demand for honeycomb boards as a better substitute over other conventional boards sold in the market.

Apart from the automotive industry, the aerospace industry has also adopted honeycomb boards for fuselage and partition application, which shall assist aerospace manufacturers to lower deadweight of the aircraft. This is set to create a win-win situation for both, aircraft OEM manufacturers as well airline owners by lowering the cost of production and providing extra weight compliance for an added passenger.

Access Research Methodology Prepared By Experts –

• The global honeycomb board market is anticipated to add 2X value by 2031.
• Paper honeycomb boards currently capture more than half of overall sales.
• Packaging industry anticipated to add an incremental opportunity of US$ 45 Mn each year till 2031.
• Non-metal honeycomb board value anticipated to grow 2X by 2031.
• Automotive application is projected to rise at a single-digit high CAGR over the period of 2021-2031.

• Material
  • Metal Honeycomb Boards
    • Aluminum
    • Steel
    • Titanium Aluminum
    • Others
  • Non-metal Honeycomb Boards
    • Plastic
      • PP
      • PVDF
      • PVC
      • Others
    • Non Plastic
      • Carbon Fiber
      • Fiber glass
      • Paper
      • Others
• Type
  • Reinforced Honeycomb Boards
  • Non-reinforced Honeycomb Boards
• By End-use Industry
  • Honeycomb Boards for Aerospace
  • Honeycomb Boards for Automotive
  • Honeycomb Boards for Marine
  • Honeycomb Boards for Construction
  • Honeycomb Boards for Packaging
  • Others

Explore Fact.MR's Comprehensive Coverage on Chemical & Materials Landscape

Liquid Polybutadiene Market , Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031

Polymer Seals Marke t – Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031

Die Bonding Pastes Market – Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031

About Us:

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

Contact:

MENAFN03122021003318003403ID1103298532

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.