Aramid honeycomb core materials are in demand in various industries such as aerospace and marine as they can bear extreme pressure and forces. They are light in weight and are coated with a heat-resistant phenolic resin, which increases their thermal properties. Therefore, the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyzes that the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market is expected to grow at a CAGR of 4.7% in the forecast period of 2023 to 2030 and is expected to reach USD 227,413.10 thousand by 2030. The high adoption of aramid honeycomb core materials in the marine and aerospace industries is expected to drive market growth.
Increasing use of aramid honeycomb core materials in aerospace and marine industries is expected to drive market growth.
Aerospace honeycomb cores are used in various aerospace applications where light weight, high strength-to-weight ratio, damping, and dimensional stability are key properties, and are used for structural, control surfaces, and interior components. Plascore's breathable metal core is ideal for satellite construction. The main use of honeycomb is for structural applications. This is because honeycomb sandwich panels are very efficient in terms of stiffness-to-weight and strength-to-weight situations. Whenever lightweight is important, honeycomb sandwich construction can not be beaten. Reducing mass has always been a challenge for designers. Nomex is valued for its superior strength-to-weight ratio, contributing to key cost-effective benefits such as energy savings and increased payload. Strong yet lightweight honeycomb sandwiches are found using rigid thin Nomex plate construction in aircraft components such as floor panels, interior walls, storage compartments, external control surfaces, engine nacelles, helicopter blades, and tail booms.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Cubic millimeter Units, and Pricing in USD
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Segments Covered
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By Material (Nomex and Other than Nomex), Aramid Type (Meta Aramid and Para Aramid), Size (24" * 48", 48" * 48", 48" * 96", and Others), Thickness (.060", .125", .250", .500", and Others), Application (Exterior and Interior), Grade (Aerospace and Commercial), Utility (Roofs, Doors, Floors, Aircraft Wings, Aviation Panels, Tail Booms, Boat Hulls, Stateroom for Boats, Decks, Cargo Linings, Shells, Hatches, Navy Bulkhead Joiner Panels, and Others), Downstream Application (Airways, Marine, Roadways, Railways, and Others)
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Countries Covered
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Russia, Ukraine, Iran, and India
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Market Players Covered
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Hexcel Corporation (U.S.), EURO-COMPOSITES (Luxembourg), Showa Aircraft Industry Co., Ltd. (Japan), TEIJIN LIMITED (Japan), DuPont (U.S.), Honylite (India), Godrej (India), The Gill Corporation (U.S.), and Axxor (Netherlands)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market is segmented into eight notable segments based on material, aramid type, size, thickness, application, grade, utility, and downstream application.
- Based on material, the market is segmented into Nomex and other than Nomex. In 2023, the Nomex segment is expected to dominate the market with a market share of 72.95% and is expected to reach USD 166,500.43 thousand by 2030, growing at the highest CAGR of 4.8% in the forecast period of 2023 to 2030, as there has been increased demand of the aramid honeycomb core materials from aerospace and marine industry.
In 2023, the Nomex segment of material type is anticipated to dominate the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market.
In 2023, the Nomex segment is expected to dominate the market owing to the demand for aramid honeycomb core materials from the aerospace and marine industry. This segment is expected to reach the highest CAGR of 4.8% in the forecast period of 2023-2030.
- Based on aramid type, the market is segmented into meta aramid and para aramid. In 2023, meta aramid segment is expected to dominate the market with a 61.34% market share and is expected to reach USD 140,247.74 thousand by 2030, growing at the highest CAGR of 4.8% in the forecast period of 2023 to 2030
- Based on size, the market is segmented into 48" * 96", 48" * 48", 24" * 48", and others. In 2023, 48" * 96" segment is expected to dominate the market with a 31.13% market share and is expected to reach USD 70,584.91 thousand by 2030, growing at the highest CAGR of 4.7% in the forecast period of 2023 to 2030
- Based on thickness, the market is segmented into .060", .125", .250", .500", and others. In 2023, the .060" segment is expected to dominate the market with a 25.49% market share and is expected to reach USD 57,826.97 thousand by 2030, growing at the highest CAGR of 4.7% in the forecast period of 2023 to 2030
- Based on application, the market is segmented into exterior and interior. In 2023, the exterior segment is expected to dominate the market with a 54.18% market share and is expected to reach USD 124,104.93 thousand by 2030, growing at the highest CAGR of 4.8% in the forecast period of 2023 to 2030
- Based on grade, the market is segmented into aerospace and commercial. In 2023, the aerospace segment is expected to dominate the market with a 71.27% market share and is expected to reach USD 162,749.72 thousand by 2030, growing at the highest CAGR of 4.8% in the forecast period of 2023 to 2030
- Based on utility, the market is segmented into roofs, doors, floors, aircraft wings, aviation panels, tail booms, boat hulls, stateroom for boats, decks, cargo linings, shells, hatches, navy bulkhead joiner panels, and others. In 2023, the roofs segment is expected to dominate the market with a 15.30% market share and is expected to reach USD 40,029.79 thousand by 2030, growing at the highest CAGR of 6.6% in the forecast period of 2023 to 2030
- Based on downstream application, the market is segmented into airways, marine, roadways, railways, and others.
In 2023, the airways segment is projected to hold the largest market share of the downstream application segment in the market
In 2023, the airways segment is expected to dominate the market with a 72.19% market share and is expected to reach USD 164,305.32 thousand by 2030, growing at the highest CAGR of 4.7% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major aramid honeycomb core materials market players in the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market are Hexcel Corporation (U.S.), EURO-COMPOSITES (Luxembourg), Showa Aircraft Industry Co., Ltd. (Japan), TEIJIN LIMITED (Japan), DuPont (U.S.), Honylite (India), Godrej (India), The Gill Corporation (U.S.), and Axxor (Netherlands).
Market Development
- In February 2020, DuPont announced that the company will expand its global capacity for the production of Nomex paper. With Nippon Paper Papylia, a joint venture will be formed to create this capacity development. Commercial production will start in 2021 at the Papylia production facility in Yufutsu, Japan. This investment will fulfill the expanding demands of the aerospace, automotive, and electrical infrastructure businesses.
- In January 2016, Hexcel Corporation acquired full ownership of Formax UK Limited, which is a leading manufacturing company for composite reinforcements and also specializes in the production of aramid fiber fabrics and lightweight carbon fiber multi-axials, and highly engineered glass fiber. The acquisition will not only allow the growth of the aerospace and industrial businesses but also enhance the ability to provide innovative solutions to customers of the company.
- In November 2019, Teijin Aramid, producer of Twaron fiber, announced the increase in its production capacity by setting up factories in the Delfzijl and Emmen regions of the Netherlands where Delfzijl is the production site for monomer and polymer, while the Emmen site is used for spinning. This will help the company to strengthen its market leadership position.
- In April 2022, to address the climate crisis DuPont announced that its trusted brands – Kevlar, Nomex, and Tyvek– will be produced using renewable electricity, which is required for their operations. This demonstrates the organization's commitment to achieving its renewable energy target and implementing climate stewardship measures as part of its 2030 sustainability objectives.
- In April 2021, Showa Aramid Honeycomb (SAH) qualified on 2/16/2021 for additional AIRBUS specifications AIMS11-01-001(ABS5035) and AIMS11-01-005(ABS5676). This will help the company to expand its business.
- In November 2019, The Gill Corporation. announced the completion of AS9100, Revision D re-certification audit. It is the quality management system standard for the aviation, space, and defense industries. This will help the company to deliver top-quality products and services.
Regional Analysis
Geographically, the countries covered in the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market are Russia, Ukraine, Iran, and India.
As per Data Bridge Market Research analysis:
India (South Asia) is the dominant country in the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market during the forecast period 2023 - 2030
In 2023, India is dominating the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market owing to the growth of the aerospace industry in the country. India will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing marine and aerospace industry in the country.
India (South Asia) is estimated to be the fastest growing country in the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market during the forecast period 2023 -2030
For more detailed information about the CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market report, click here – https://www.databridgemarketresearch.com/reports/cis-russia-ukraine-middle-east-iran-south-asia-india-aramid-honeycomb-core-materials-market
