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Nomex Honeycomb Market | Covid-19 Impact Analysis
The Nomex Honeycomb Market is Segmented by End-Use Industry Type (Aerospace & Defense, Automotive, Marine, Medical, and Others), by Grade Type (Aerospace Grade, Commercial Grade, and Others), by Application Type (Aircraft Interiors, Aircraft Exteriors, Sports & Recreation, Automotive Body Panels, Boat Hulls, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Nomex Honeycomb market is likely to witness an impressive CAGR of 8.8% during the forecast period. The prime factor that is contributing to the demand for nomex honeycomb is mainly its increasing usage in various industries, with aerospace & defense industry being the largest demand generator among various end-use industries.
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Nomex Honeycomb Market - Snapshot |
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Growth |
8.8% for the next five year |
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Major End-Use Industry Type |
Aerospace & Defense |
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Dominant Grade Type |
Aerospace Grade |
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Region with the highest demand |
North America |
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Key Players |
Advanced Honeycomb Technologies Inc., CEL Components S.R.L., Euro-Composites S.A., Hexcel Corporation, Plascore Inc., The Gill Corporation, and Toray TCAC Holding B.V. |
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Based on the end-use industry type, the market is segmented as aerospace & defense, automotive, marine, medical, and others. The aerospace & defense segment is expected to remain the dominant as well as fastest-growing segment during the forecast period. Increasing usage of nomex honeycomb in the aerospace & defense industry for various applications: galleys, lavatories, flooring, sidewalls, ceiling panels, and partitions in aircraft interiors to flaps, ailerons, radomes, fairings, access panels, doors, trailing and leading edges in aircraft exteriors along with increasing demand for lightweight and fuel-efficient components is the major factor driving the growth of this segment.
Based on the grade type, the market is segmented as aerospace grade, commercial grade, and others. The aerospace grade segment dominates the market, as nomex honeycombs are widely used for aerospace & defense applications. Commercial grade nomex honeycomb is designed to offer similar properties at an economic cost for non-aerospace applications.
Based on the application type, the market is segmented as aircraft interiors, aircraft exteriors, sports & recreation, automotive body panels, boat hulls, and others. The aircraft interiors segment dominates the market, as nomex honeycomb finds extensive usage in a large number of applications, majorly in the aircraft interiors.
In terms of regions, North America is expected to lead the market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The dominance of the region is attributed to the high demand from the USA. On the other hand, Asia-Pacific is expected to be the fastest-growing market for nomex honeycomb during the forecast period. China and India are the growth engines of the Asia-Pacific’s market for nomex honeycomb.
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Some of the major nomex honeycomb manufacturers are-
Nomex honeycomb is a non-metallic hexagonal structure made by dipping nomex aramid fiber paper into heat resistant phenolic resin. It is generally suitable for constructing sandwich structures to offer lightweight components with high strength-to-weight ratio.
Nomex honeycomb possesses various properties, such as excellent fire resistance with self-extinguishing characteristics, high operating temperature range, corrosion resistance, high toughness, good thermal & electrical insulation, and easy formability.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Nomex Honeycomb Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
13 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
7 |
The nomex honeycomb market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Nomex honeycomb market is expected to witness an impressive growth of 8.8% CAGR in the foreseeable future.
Advanced Honeycomb Technologies Inc., CEL Components S.R.L., Euro-Composites S.A., Hexcel Corporation, Plascore Inc., The Gill Corporation, and Toray TCAC Holding B.V are among the key players in the nomex honeycomb market.
North America is expected to lead the nomex honeycomb market during the next five years.
The aerospace & defense segment is expected to remain the dominant in the nomex honeycomb market in the coming years.
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