World High-Temperature Honeycomb
Sandwich Materials Market - Opportunities and Forecasts, 2015-2022", the
high-temperature honeycomb sandwich materials market is expected to reach
$418.5 million by 2022, registering a CAGR of 9.6% from 2016 to 2022. The
global demand for high-temperature honeycomb sandwich materials has gained
traction owing to its superior mechanical performance and lightweight nature.
The stainless steel segment held more than one-third share of the total market
in 2015, due to its low cost and high strength.
Increase in popularity of high-temperature
honeycomb sandwich is caused due to properties such as high strength-to-weight
ratio, high stiffness-to-weight ratio, and corrosion resistance at high
temperatures conditions. The key applications of high-temperature honeycomb
sandwich include, aerospace & aircraft, automotive, satellites, and others
for instance F1 race cars and electronics. This market has witnessed
significant growth caused by its diverse use in the aforementioned
applications, growing at a fast pace, and is expected to remain constant.
Furthermore, aerospace & aircraft application segment is expected to
surpass the other segments considering increasing production of aircrafts and
large amount of investments in satellite manufacturing worldwide. However, high
cost of honeycomb structure metals is liable to restrict the market growth.
The high-temperature honeycomb
sandwich materials market for the aerospace & aircraft application segment
accounted for the highest share of about three-fourths in 2015, and is expected
to maintain its lead throughout the forecast period. North America led the
market with over half of the share in 2015, owing to its high aircraft
production. Further, the other applications segment that includes F1 racing
cars and electronics is expected to grow at a fast pace during the forecast
period.
Major technologies used to
manufacture high temperature honeycomb sandwich panels are expansion and
corrugation. Expansion segment accounted for the highest share of about 60% in
2015, due to its high usage in stainless steel honeycomb manufacturing, whereas
corrugation is expected to grow at the highest CAGR of 10.0% from 2016 and
2022.
Key findings of the study
- Stainless steel segment occupied highest share in the world high temperature honeycomb sandwich market in 2015.
- Expansion technology occupied the highest share in 2015 and this trend is expected to continue during analysis period.
- Corrugation technology is estimated to be fastest growing segment with a CAGR of 10% from 2016 to 2022.
- LAMEA would be the fastest growing region during the forecast period.
- North America is the leading consumer of high-temperature honeycomb sandwich and is projected to continue this position throughout forecast period.
North America and Europe
collectively held dominating position in the world high-temperature honeycomb
sandwich materials market in 2015, and are expected to maintain this dominance
throughout the forecast period. This is due to the growth in applications such
as satellites, commercial & defence aircrafts, and automobiles in these
regions. LAMEA is projected to be the fastest growing region due to growing
investments in aircraft and satellite manufacturing industry. The prominent
players profiled in the report include, Indy Honeycomb, Benecor, Inc., EconCore
N.V., Ulbrich Stainless Steels & Special Metals, Inc. including others.
For more information Visit at: http://mrr.cm/JdM
Find all Semiconductors Reports
at: http://www.marketresearchreports.com/specialty-chemicals
