Thermoplastic Honeycomb Market Insights and Trends, Actionable Segmentation, Size, Share, Opportunity, Forecast To 2023


Posted July 23, 2019 by nikhilkhadilkar

Global Thermoplastic Honeycomb Market by Type (Polypropylene Honeycomb and Polycarbonate Honeycomb), by End Use Industries (Aerospace, Automotive, Construction, Sports, Wind Energy and Others), and by Region, Forecast
 
Thermoplastic Honeycomb Market are man-made structures consisting of hollow hexagonal cells arranged in a complex manner to provide the material with high strength and low density. This helps to reduce wastage of constituent materials and maximize the structure’s ability to withstand any external force. In addition to this, hexagonal structure exhibits properties such as higher out-of-plane compression and resistant to shear, which makes it applicable in key end use industries namely, aerospace, automotive, and construction.

Thermoplastic material can be easily and completely recycled, which not only reduces the production cost but also mitigates the environmental concerns. Aerospace industry in the world is set to grow at the highest CAGR on account of growing competition in space exploration sector. In addition to this, with the increasing standards of living and fast track lifestyle, people are taking up aerial modes of travel, which is anticipated to fetch maximum demand of thermoplastic honeycomb in aircraft manufacturing.

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Market Segmentation

The global thermoplastic honeycomb market is segmented based on type, end use industries, and region. Based on type, the market is divided into polypropylene honeycomb and polycarbonate honeycomb. Polypropylene honeycomb is the most used type of thermoplastic honeycomb. It is majorly used in aerospace industry since this material offers greater resistance to kinetic energy. The low price of this material increases its compatibility in the global thermoplastic market.

Polycarbonate thermoplastic honeycomb is also holding significant share of market in terms of the demand. This is primarily used in laminar-flow ventilation or air diffuser, as a part of commercial ventilation systems to reduce impurity and moisture. It also finds application in refrigeration systems, and noise & vibration reduction in commercial buildings.

Competitive Analysis

Key players in the global thermoplastic honeycomb market are Plascore (Germany), Corex Honeycomb (U.K.), EconCore (Belgium), Universal Metaltek (India), Design Composite GmbH (Austria), Nidaplast (France), Tubus Bauer GmbH (Germany) and others.

Regional Analysis

Asia Pacific, North America, Europe are the major regions in the global thermoplastic honeycomb market. Other regions include the Middle East & Africa, and Latin America. Asia Pacific is the fastest growing region among them owing to the rapidly growing aerospace industry. India and China are the major contributors to the regional market due to the higher demand of thermoplastic honeycomb from aerospace and automotive industry.

North America is a significant market in the global thermoplastic honeycomb market. U.S. is leading the regional market owing to the presence of well-established end use industries such as aerospace and sports. The U.S. aerospace industry is the world’s largest and it is estimated grow at higher CAGR during the forecast period. This is projected to drive the growth of the regional thermoplastic honeycomb market.

The Middle East & Africa is going to witness significant growth in sports and construction industries in this region. This is attributed to the upcoming FIFA world cup in 2022 which is to be held in Qatar. Latin America is presently holding smaller share in the global thermoplastic honeycomb market.

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Issued By MRFR
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Categories Aerospace , Automotive , Construction
Tags thermoplastic honeycomb market , thermoplastic honeycomb market forecast , thermoplastic honeycomb market share , thermoplastic honeycomb market size , thermoplastic honeycomb market trends
Last Updated July 23, 2019