Aluminium Honeycomb Panel Market Report

Market Insights

What is an aluminium honeycomb panel?

An aluminium honeycomb panel can be defined as a honeycomb sandwich plate with a honeycomb structure as its core. Honeycomb aluminum panels are being widely used as a new energy-saving, environmentally friendly, and healthy material in numerous end-use industries.

The Aluminium Honeycomb Panel market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of around xx% during the forecast period.

Figure: Aluminium Honeycomb Panel Market Size, 2020-2026 (USD Billion)

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Market Drivers

The growth of the aluminum honeycomb panel market is driven by widespread use in a broad range of applications including curtain walls, cladding, elevator panels, roof ceilings, and shelves among others. Significant growth of the automotive & transportation industry with increasing automobile production is expected to bolster the market growth. Moreover, surging demand for environment-friendly materials across verticals is likely to create lucrative opportunities for the players operating in the global market during the review period.

COVID-19 Impact on Aluminium Honeycomb Panel Market

The covid-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to lockdown and trade restrictions affected the product availability in the market. Also, a decline in the growth of the end-use industries further affected the market growth.

Segments' Analysis

End-Use Industry Trends

Based on the end-use industry, the market has been segmented into construction, display, aerospace & defense, transportation, marine, and others. Among these, the aerospace & defense segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The market growth can be attributed to expanding the aerospace & defense industry across the geographies.

Regional Trends

The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of automotive, construction, marine, aerospace & defense industries in the developing countries, particularly China and India. The market in North America and European regions is expected to be driven by the established presence of the end-use industries.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Aluminium Honeycomb Panel market. The historic years considered for the study are 2016-2019, base year is 2020, and forecast period is 2021-2026. Following are the critical questions answered in the report-

• What are the key trends in the Aluminium Honeycomb Panel market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Aluminium Honeycomb Panel market?
• What are the key strategies adopted by the major vendors to lead in the Aluminium Honeycomb Panel market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Aluminium Honeycomb Panel market are-

• Novelis Inc. (US)
• PortaFab (US)
• Alcoa Corporation (US)
• 3A Composites (Switzerland)
• Eco Earth Solutions (India)
• Renoxbell Aluminum Co., Ltd (China)
• Pacific Panels Inc (US)
• Flatiron Panel Products (US)
• Foshan Fuige Honeycomb Products Co., Ltd (China)
• Hexcel Corporation (US)

Target Audience

Here is the list of the group of customers that the aluminium honeycomb panel market hopes to have the greatest opportunity to convert-

• Aluminium honeycomb panel distributors
• Aluminium honeycomb panel suppliers
• Aluminium honeycomb panel manufacturers
• Logistics organizations
• Government bodies

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