Honeycomb Core Materials Market Sluggish Growth Rate Foreseen by 2024-2031

The global honeycomb core materials market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). The new product developments are a key factor driving the growth of the global honeycomb core materials market. For instance, In April 2023, EconCore, a manufacturer of honeycomb sandwich material production technology, and Solarge (Weert, Netherlands), a producer of lightweight, sustainable solar panels have launched a new lightweight, fully circular solar panel, reducing the weight of solar installations by up to 65% for rooftops at JEC World 2023.

Further, in March 2023, Teijin Automotive Technologies has developed two core products aimed at meeting the needs of current and future automotive applications. Hexacore is a honeycomb core product designed for use with Teijin Automotive’s high-speed compression molding process in the manufacture of lightweight, Class A body panels, roof panels, closures and more.

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Hexacore materials are compatible with a range of fibers and resins, including carbon or glass fiber, aramid fiber or natural fiber; thermoplastic resins including acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA) or polycarbonate (PC); or low-density sheet molding compound (SMC). It can also be used for other processes such as resin transfer molding (RTM) and with a variety of coatings, veils and films. The use of Hexacore materials is said to result in 25% weight savings compared to a comparable two-piece SMC part.

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In addition, Teijin Automotive developed Foam-A-Core technology as a rigid core solution for Class A automotive panels that are high strength and impervious to moisture. Molded in the same 30-45-second compression molding process, this technology allows for molded-in features and fast cure. Like Hexacore, Foam-A-Core is compatible for panels made from a variety of fibers, thermoset or thermoplastic resins, SMC or via an RTM process. The process also produces a near-net shape part, reducing manufacturing scrap compared to other methods.

Market Coverage

• Segment Covered- 

o             By Product type

o             By Application

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- including ThermHex Waben GmbH, Hexcel Corp., Honicel Pvt. Ltd., EURO-COMPOSITES, and Packaging Corporation of America among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Honeycomb Core Materials Market Report Segment

By Product Type

• Nomex
• Aluminum
• Thermoplastics
• Other Product Types 

By End-User Industry

• Aerospace
• Defense
• Marine
• Other End-user Industries 

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