Honeycomb structures are the man-made structures that have geometry of a honeycomb to reduce the amount of material used to reach minimal weight, low cost, and maximum strength criteria. This structure is an array of small hallow cells formed between thin vertical walls. The hexagonal or honeycomb shape structure provide a material with minimal density and high out-of-plane compression and shear properties. The most preferred metal for making honeycomb structure is aluminum, which is strong and light weight. It can be recycled easily with minimum wastage of material. In addition to this, aluminum honeycomb exhibits properties such as, resistance to fire, shear and compression. The strength-to-weight ratio of aluminum is among the highest of all the core composites currently available. Aluminum honeycomb structure finds application in number of industries such as aerospace, marine, defense, automotive, and construction. It can be used as a core, sandwich panel, in aerodynamics, and as a vast number of working surfaces.
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The most important advantage of aluminum honeycomb structure is its ecofriendly nature. It can be recycled with an easy and in efficient way as compared to other metal composites. There is a growing demand of light weight and stiff structures in aerospace industry. The global aerospace industry is estimated to reach ~40 billion USD, in terms of operating earnings, by 2023, which is expected to fuel the demand of aluminum composites. Increasing demand of light-weight materials in modern aircrafts and automobiles is projected to propel growth of the global aluminum honeycomb market. The major military powers countries namely, U.S., Russia, China, and India are investing major share of their GDP in defense sector, and rapidly acquiring modern warfare equipment. This, in turn is anticipated to boost the demand of aluminum honeycomb structures for making core of these equipment.
Key Players and Competition Analysis
Key players in the global aluminum honeycomb market are Hexcel Corporation (U.S.), Argosy International Inc. (U.S.), EURO-COMPOSITES (U.S), Benecor, Inc. (U.S.), Alucoil (Spain), Plascore (Germany), Corex Honeycomb (U.K.), Coach Line Industries (India), Motonity Private Limited (India), Universal Metaltek (India), and others.
The global aluminum honeycomb market has been segmented into applications, end use industry, and region. On the basis of application, the market is divided into core, sandwich panel, working surfaces, aerodynamics, lighting, and others, wherein the use of aluminum honeycomb for making core is the leading segment. Based on end use industry the global aluminum honeycomb market is segmented into aerospace, marine, defense, automotive, construction, and others. Among these, aerospace is holding major share of overall demand of aluminum honeycomb. Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
There are five key regions the global aluminum honeycomb market is divided across. It includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the fastest growing market owing to the growth of aerospace industry. India, Japan and China are the major shareholders in the regional market on accounts increasing public investment in aerospace, marine, and defense sectors. North America was a leading region in the global aluminum honeycomb market before it was surpassed by Asia Pacific. Still, it is the second largest region in the global aluminum honeycomb market. U.S. is the major market in this region owing to the presence of well-established end use industries such as aerospace and defense. U.S. is steadily increasing its military power to remain at the top spot on the list of leading military powers. This in turn is expected favor market of aluminum honeycomb in this region. Europe is another significant market in the global aluminum honeycomb market. Major contributors to the regional market are U.K, France, Germany and Switzerland. Aerospace and automotive industries in Europe are fetching maximum demand of aluminum honeycomb in this region, which is driving the growth regional market.
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