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Report updated on 11th September, 2021: Global Aluminum Honeycomb Market 2021 (Includes Business Impact of COVID-19)Global Aluminum Honeycomb Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global aluminum honeycomb market report has been segmented on the basis of application, end use industry, and region. Request Covid - 19 Impact The global Aluminum Honeycomb market size was valued at USD$ 775.20 million in 2020 and is projected to reach UDS$1768.94 million by 2030, and is anticipated to expand at a CAGR of 8.60% over the forecast period from 2020 to 2030.
Global Aluminum Honeycomb Market: OverviewAluminum honeycomb is a lightweight core material that offers superior strength, corrosion and fire resistance along with the energy efficiency, and efficient insulation. Aluminium honeycomb panels are man-made structures by layering a honeycomb material between two thin layers that provide strength in tension. Aluminum is the most preferred metal for making honeycomb structure owing to strong and light weight nature. Moreover, it can be recycled easily with minimum wastage of material. Aluminum honeycomb has widely accepted in number of industries such as aerospace & defense, automotive, marine, and construction.
Global Aluminum Honeycomb Market: DynamicsEnhanced performance, easy installation, corrosion and fire resistance surface are some of the other characteristics of aluminum honeycomb, which is resulting in rising adoption of aluminum in various sectors. In addition, rising usage of lightweight material in automotive, construction, and aerospace industry owing to increase in awareness about advantages with honeycomb structures is expected to bolster demand for aluminum honeycomb and drives growth of the global market over the forecast timeline. In addition, increasing preference for low price high quality products as compared to other harmful materials such as concrete and steel, is expected to boost growth of the target market. Recent trend shows that, lightweight materials are used in the automotive industry to reduce overall weight of vehicles and to improve fuel efficiency and lowering maintenance costs. However, capital intensive nature of aluminum metal is driving the research and development activities to find cheaper alternative to aluminum honeycomb, which may hamper growth of the target market.
Global Aluminum Honeycomb Market: Segment AnalysisGlobal aluminum honeycomb market is segmented on the basis of application, end use industry, and geography. On the basis of application, the global market is segmented into core, sandwich panel, working surfaces, aerodynamics, and lighting. The core segment is expected to grow at a significant rate in the global market. On the basis of end use industry, the global market is segmented into aerospace, marine, defense, automotive, construction. The aerospace segment is anticipated to hold significant share in the market over the forecast period.
Global Aluminum Honeycomb Market: Regional AnalysisThe Asia Pacific aluminum honeycomb market is expected to dominate the global market over the forecast period. This is primarily attributed to growth of aerospace and automotive industry and further expected to influence adoption of aluminum honeycomb. Moreover, rapid industrialization, increasing disposable income, rising awareness among consumers about advantages of honeycomb structures like greater strength to weight ratio, and greater corrosion resistance, etc. has enforced to use aluminum honeycomb in construction projects in the region. The market in North America is expected to grow at a significant rate over the forecast period. Presence of well-established end use industries such as aerospace and defense and increasing demand from military and energy sector, in turn, expected to favor market of aluminum honeycomb in the region. Market in Middle East & Africa is expected to grow at a moderate rate over the forecast period.
Below are the active patents related to Aluminum Honeycomb Market.Patent Number: US7695797B2 Corrosion resistant honeycomb Abstract Corrosion resistant metallic honeycomb composed of a plurality of honeycomb cells having cell walls that include cell edges that form the edge of the honeycomb. A corrosion resistant coating that contains polyamideimide is used to cover the cell walls and cell edges. The corrosion resistant coating is preferably applied after the honeycomb structure has been formed. Application File Date: 2006-06-27 Application Granted Date: 2010-04-13 Current Assignee: Hexcel Corp Patent Number: EP2875946A1 Structural inserts for honeycomb structures Abstract A method and apparatus for manufacturing a sandwich structure. A cavity is formed in a core of the sandwich structure. A structural insert is placed into the cavity. The structural insert comprises a first number of parts configured to receive a load and a second number of parts assembled with the first number of parts to form the structural insert. Application File Date: 2014-07-15 Application Granted Date: 2021-04-21 Current Assignee: Boeing Co Patent Number: US20110045720A1 Surfboard having a honeycomb core Abstract An aquatic gliding board such as a surfboard is constructed using a honeycomb material for the core. The composite outer skin of the surfboard is constructed of materials having similar flexibility properties as found in a traditional foam/fiberglass surfboard. In a particularly preferred embodiment an aluminum honeycomb core is employed along with a fiberglass skin in order to achieve a surfboard with decreased weight and increased strength to resist failure in bending relative to a traditional foam/fiberglass surfboard, but having similar flexibility characteristics to such a traditional surfboard, or having increased flexibility relative to such a traditional surfboard. Application File Date: 2010-10-29 Application Granted Date: 2013-06-11 Current Assignee: Varial Surfing Technologies LLC
Global Aluminum Honeycomb Market Segmentation:Segmentation by Application:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Aluminum Honeycomb Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...