Aluminum Honeycomb Market Report 2019 Global Industry Size, Leading Players, Growth Historical Analysis and Forecast To 2023
The Global Aluminum Honeycomb Market Is Expected to Exhibit Robust Growth Over the Forecast Period From 2017 To 2023. Aluminum Honeycomb Market by Application, End Use Industry by Region- Forecast
Pune, India – August 5, 2019 /MarketersMedia/ —
Aluminum Honeycomb Market – Overview
The Global Aluminum Honeycomb Market is expected to exhibit robust growth over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global aluminum honeycomb market is primarily driven by the growing demand for lightweight but stiff structures from the aerospace industry, as the industry looks to reduce its environmental footprint by reducing the weight of aircraft and thus achieving a reduction in overall carbon emissions.
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Aluminum Honeycomb structures are made from aluminum in a honeycomb pattern, which allows the maximum efficiency of the use of the available space, making the structure robust yet lightweight. The demand for honeycomb materials has been a key factor in the advancement of the materials industry in recent years, as the advantages of the honeycomb configuration have become increasingly apparent to players in various end-use markets. Of all the metal honeycomb structures, aluminum honeycomb materials are expected to show the highest demand over the forecast period, as they are among the lightest metals and exhibit comparable strength and rigidity characteristics to other metals. In addition to the physical characteristics of aluminum honeycomb materials, they are also the easiest to recycle, making them more eco-friendly than other metals.
Competitive Analysis of Aluminum Honeycomb Market
Leading players in the global aluminum honeycomb market include Universal Metaltek, Motonity Private Limited, Coach Line Industries, Corex Honeycomb, Plascore, Alucoil, Benecor Inc., Euro-Composites, Argosy International Inc., and Hexcel Corporation.
In May 2019, Leentu introduced a new aluminum honeycomb-based popup camper shell. This shell can be attached to a number of vehicles in order to turn the vehicle into a camping vehicle. The use of aluminum honeycomb is a vital step towards making the popup shells lighter and inconspicuous during regular driving.
Segmentation of Aluminum Honeycomb Market
The Global Aluminum Honeycomb Market is segmented based on application, end use, and region.
By application, the global aluminum honeycomb market is segmented into core, sandwich panel, working surfaces, aerodynamics, lighting, and others. The core segment is likely to dominate the global aluminum honeycomb market over the forecast period due to the growing demand for honeycomb core structures.
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By end use, the global aluminum honeycomb market is segmented into automotive, defense, aerospace, marine, construction, and others. Aerospace is the leading end use segment in the aluminum honeycomb market and is likely to dominate the global market over the forecast period due to the growing emphasis placed on lightweight construction in the aerospace industry.
Regional Analysis of Aluminum Honeycomb Market
Asia Pacific is the leading regional market for aluminum honeycomb materials due to the growing aerospace sector in the region and the growing demand for lightweight core materials in the automotive and aerospace industries. China is a leading aerospace innovator and constructor in Asia Pacific and is likely to dominate the global proceedings in the aluminum honeycomb market over the forecast period.
North America is the second largest regional market. Aerospace is a major industrial sector in North America, with the U.S. dominating the global charts for the same. This is likely to drive the demand from the aluminum honeycomb market in North America over the forecast period.
Europe is also a leading regional market for aluminum honeycomb materials, with the demand from the region dominated by Central European powers such as France and Germany, along with the UK and Switzerland. The automotive industry is likely to play a key role in the growth of the aluminum honeycomb market in Europe over the forecast period.
The growing marine industry in Latin American powerhouses such as Brazil and Argentina could prove to be a steady catalyst for the aluminum honeycomb market in the region over the forecast period.
Browse the market data and information spread across 140 pages with 35 data tables and 11 figures of the report “ Aluminum Honeycomb Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/aluminum-honeycomb-market-4192
Table Of Contents of Aluminum Honeycomb Market
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
5 Industry Overview Of Global Aluminum Honeycomb Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
To Be Continue…….
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