Nomex Honeycomb Market by Grade (Aerospace Grade, Commercial Grade, Others), End User (Aerospace & Defense, Transportation, Marine, Medical, Sporting Goods, Others) and by Region, Global Forecast, 2018 to 2028
Sep 2020
Total Pages: 100
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In 2019, the global nomex honeycomb market size was valued at >500 million. High strength to weight ratio, good thermal insulation, formable, flame retardant, corrosion resistant, and over expanded cell structure is expected to increase nomex honeycomb market concentration in aerospace & defense and transportation application. The lightweight properties of these materials have increased its adoption in the manufacturing of interior walls, tail booms, engine nacelles, flooring panels, helicopter blades, storage bins, and exterior control surfaces.
.png "Global Nomex Honeycomb Market 2018-2028 (USD Million)")
Increasing demand for lightweight materials in different end user industries, rising adoption of composites in aerospace & defense and rail transportation, high compatibility with composite materials, and increasing production of composite materials over the past few years is expected to increase its market concentration over the projected period. However, high raw material cost, moisture and water absorbent properties, followed by increasing industry need for low cost products are expected to be the key market challenges over the coming years.
Key Segments of the Global Nomex Honeycomb Market
Grade Overview, 2018-2028 (USD Million)
- Aerospace Grade
- Commercial Grade
- Others
End User Overview, 2018-2028 (USD Million)
- Aerospace & Defense
- Transportation
- Marine
- Medical
- Sporting Goods
- Others
Regional Overview, 2018-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global nomex honeycomb market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global nomex honeycomb market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the nomex honeycomb industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on grade and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global nomex honeycomb market. The report will benefit: Every stakeholder involved in the nomex honeycomb market.
- Managers within the nomex honeycomb industry looking to publish recent and forecasted statistics about the global nomex honeycomb market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global nomex honeycomb market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Increasing industrial development in developed as well developing economies are expected to open new avenues for nomex honeycomb manufacturers to increase their production capacities in order to increase their customer base and cater growing end user requirement in coming years. In addition, nomex honeycomb has widespread uses in the construction of rail structures, including bulkheads, ceilings, doors and rail car floors. Excellent mechanical resistance, lighter weight, and reduced environmental effect has increased its adoption in rail transportation over the past few years. Moreover, increasing global population coupled with rising need for improved rail transportation infrastructure will add market growth over the coming years.
Grade Segment
In terms of the grade, the market is segmented into aerospace grade, commercial grade, and others. In 2019, aerospace grade accumulated the major market share and it is expected to do so over the forecast years. Increasing defense spending over the past few years coupled with rising need for composites in aerospace industry to reduce the weight of the product is expected to increase its market concentration over the coming years. For instance, global military expenditure in 2019 was valued at nearly USD 2 Trillion and it has increased by more than 3.5% as compared to 2018.
End User Segment
In terms of the end user, the market is segmented into Aerospace & Defense, Transportation, Marine, Medical, Sporting Goods, and Others. Aerospace & Defense accounted for more than 40% of the overall market share in 2019 and is expected to continue its dominancy over the coming years. Nomex honeycomb has various other applications including manufacturing protective equipment including protective safety helmet, suits, jackets, and gloves. Additionally, increasing government regulations towards safety of workers engaged in construction, mining industry, transportation, firefighting industry, racing cars, and defense industry are further expected to increase market concentration over the coming years.
The North America region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2018-2028. The market growth in this region is mostly ascribed to well-developed aerospace & defense and transportation industry. Technological advancement in aerospace & defense industry coupled with increasing investment in research & development is expected to drive the market in North America over the forecast period.
.png "North America Nomex Honeycomb Market, 2018-2028 (USD Million)")
The global nomex honeycomb industry is highly competitive in nature as large number of small & medium enterprises and well-established manufacturers are operating in this industry. Prominent players operating in this industry are Advanced Honeycomb Technologies Inc., Avic Composite Corporation, DuPont, Euro-Composites, Hexcel Corporation, Honylite, Plascore Inc., Royal Ten Cate N.V., The Gill Corporation, and TRB Lightweight Structures Limited. Manufacturers operating in this industry are adopting different actions such as new product development, technological enhancement, partnerships, merger & acquisition, and research & development in order to form strategies to cater growing industry requirement.
In 2019, the global nomex honeycomb market size was valued at >500 million. High strength to weight ratio, good thermal insulation, formable, flame retardant, corrosion resistant, and over expanded cell structure is expected to increase nomex honeycomb market concentration in aerospace & defense and transportation application. The lightweight properties of these materials have increased its adoption in the manufacturing of interior walls, tail booms, engine nacelles, flooring panels, helicopter blades, storage bins, and exterior control surfaces.
Increasing demand for lightweight materials in different end user industries, rising adoption of composites in aerospace & defense and rail transportation, high compatibility with composite materials, and increasing production of composite materials over the past few years is expected to increase its market concentration over the projected period. However, high raw material cost, moisture and water absorbent properties, followed by increasing industry need for low cost products are expected to be the key market challenges over the coming years.
Key Segments of the Global Nomex Honeycomb Market
Grade Overview, 2018-2028 (USD Million)
- Aerospace Grade
- Commercial Grade
- Others
End User Overview, 2018-2028 (USD Million)
- Aerospace & Defense
- Transportation
- Marine
- Medical
- Sporting Goods
- Others
Regional Overview, 2018-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global nomex honeycomb market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global nomex honeycomb market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the nomex honeycomb industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on grade and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global nomex honeycomb market. The report will benefit: Every stakeholder involved in the nomex honeycomb market.
- Managers within the nomex honeycomb industry looking to publish recent and forecasted statistics about the global nomex honeycomb market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global nomex honeycomb market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rising Adoption of Composites in Rail Transportation
4.3.2 Restraints
4.3.2.1 High Cost of Raw Materials
4.3.2.2 Opportunities
4.3.3.1 Rising Aerospace & Defense Industry
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Nomex Honeycomb Market by Grade
5.1 Introduction
5.1.1 Aerospace Grade
5.1.2 Commercial Grade
5.1.3 Others
Chapter 6 Nomex Honeycomb Market by End User
6.1 Introduction
6.1.1 Aerospace & Defense
6.1.2 Transportation
6.1.3 Marine
6.1.4 Medical
6.1.5 Sporting Goods
6.1.6 Others
Chapter 7 Nomex Honeycomb Market by Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Customer Targeting
Chapter 9 Company Profiles
9.1 Advanced Honeycomb Technologies Inc.
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 Avic Composite Corporation
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 DuPont
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 Euro-Composites
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Hexcel Corporation
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 Honylite
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 Plascore Inc.
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.8 Royal Ten Cate N.V.
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.9 The Gill Corporation
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.10 TRB Lightweight Structures Limited
9.10.1 Overview
9.10.2 Products and Services Portfolio
9.10.3 Recent Initiatives
9.10.4 Company Financials
9.10.5 SWOT
9.11 Other Companies