World High-Temperature Honeycomb Sandwich Materials Market Edition, Regional Outlook Trends, Growth 2022 – Acute Market Reports
A honeycomb sandwich is a structure made of three layers in which a low-density core is inserted between two relatively thin layers, giving it superior mechanical properties with minimal weight. It can be used in high-temperature applications, if the suitable material is used in the manufacturing of honeycomb sandwich panels. High strength, stiffness, corrosive resistance, and minimal raw material requirement for manufacturing are some of the advantages of high-temperature (H.T.) honeycomb structures. In the year 2015, the market for H.T. honeycomb sandwich material was valued at $223.4 million and is expected to grow at a CAGR of 9.6% from 2016 to 2022.
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The key factors that drive the H.T. honeycomb sandwich material market include increase in production of various aircrafts and growth in the space industry. It is widely used in aircraft and in the space industry as it provides excellent mechanical properties due to its lightweight nature, thus conserving fuel of the vehicle. Moreover, it is expected that by 2025, 1,686 units of aircraft will be delivered worldwide. Factors restraining the growth of the market are high production cost and high cost of raw materials. Growth of LED honeycomb and 3D printing to manufacture honeycomb panels presents as a major opportunity to expand. LED display uses honeycomb panels, to decrease its weight while giving more pixel effects. H.T. honeycomb sandwich panels can be manufactured with the help of 3D printers; however, they are still in the research stage and are expected to impact the industry to grow multifold once commercialized.
This report segments the H.T. honeycomb sandwich material market on the basis of type, application, technology, and geography. On the basis of type, the market can be segmented into stainless steel, titanium, Inconel, and others. The stainless steel segment is expected to grow at a high CAGR of 9.9% during the forecast period. On the basis of application, the H.T. the market is categorized into aerospace and aircraft, satellites, automobiles, and others.
The others market segment, which includes F1 racing cars and FAB manufacturing, is expected to grow at a CAGR of 11.5% over the analysis period. On the basis of technology, the market is segmented into expansion and corrugation, which is likely to achieve the highest growth rate of 10% during the forecast period. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. LAMEA is expected to show the highest growth rate of 12.7% during the forecast period. The prominent players include Benecor, Inc., Indy Honeycomb, Ulbrich Stainless Steels & Special Metals, Inc., EconCore N.V. and so on.
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A honeycomb sandwich is a three-layered structure with a low density core inserted between two relatively thin layers. This provides superior mechanical properties at minimal weight to the honeycomb sandwich structure. The world H.T. honeycomb sandwich materials market, by type, is segmented into stainless steel, titanium, inconel, and others. These materials offer superior performance under high temperature and pressure and offer excellent performance and low weight. H.T. honeycomb sandwich materials are used in aircraft and gas turbine engines.
For manufacturing H.T. honeycomb sandwich, two methods are used, namely expansion and corrugation. In the expansion process, H.T. honeycomb is manufactured in the low density range; whereas in the corrugation process, high temperature honeycomb is manufactured in the high density range
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segment
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
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