Nomex Honeycomb Market growth drivers & Challenges by 2024

A new report covers Nomex Honeycomb Market outlook providing historical facts, current status and future development trends information along with data on leading players and regions.

Global Nomex Honeycomb Market size is escalating and is projected to attain healthy CAGR during the forecast period. Nomex honeycomb structures are light weight and provide additional strength to components used across various end-user industries such as aerospace, defence, electrical, transportation, sporting goods, etc.

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The product is extensively used in composites which are used in manufacturing components such as flooring panels, exterior control surfaces, interior walls, engine nacelles, helicopter blades, storage bins and tail booms owing to its corrosion & heat resistant properties, lighter weight, etc., which makes it desirable in the aerospace & defence industry.

Aerospace industry is booming and is expected to grow at a CAGR of over 4% during the forecast period. Improving lifestyle resulted in increasing air traffic over the past years which is driving the demand for aircrafts across the globe which will subsequently have positive impact on the nomex honeycomb market size by 2024.

The product has excellent flame and electrical insulation properties including high inherent dielectric strength, thermal stability, flexibility and mechanical toughness and is widely used across the fire fighting and vehicle racing industry. Moreover, race car drivers, military pilots wear suits made of the product to protect themselves against fire and extreme cold.

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Reasons to Buy This Report:

1. Nomex Honeycomb Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Nomex Honeycomb Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Nomex Honeycomb market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Nomex Honeycomb industry are discussed along with regional trends to offer an overall view of the market.

High raw material cost and product tendency to absorb moisture due to its open cell structures is likely to hamper the growth of nomex honeycomb market size over the projected timespan.

Nevertheless, the key industry players are engaged in developing low cost products to attain promising growth opportunities in the near future. Furthermore, extended application base will help attain promising gains by 2024.

The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Nomex Honeycomb market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Nomex Honeycomb market support this sector specific data and information points.

The nomex honeycomb market size is segmented based on application into aerospace, defense, marine, railway & automobile transportation and others (sporting goods, flame & electrical insulation, etc.). In transportation, the product is used in manufacturing marine composites as it helps in providing superlative balance for stiffness, strength and light weight, which will subsequently help in attaining exceptional quality and performance of ships, boats and marine structures.

Furthermore, the product has widespread applications in building rail structures including rail car floors, doors, ceilings and bulkheads which helps in achieving high speed with reduced environmental impact, lighter weight and excellent mechanical strength. Increasing global population has resulted in growing need for effective railway infrastructure which will boost the nomex honeycomb market size by 2024.

North America accounted for a major chunk of nomex honeycomb market share in 2016. The growth in this region is attributed to strict OHSE policies concerning the safety of industrial workers. Europe is expected to contribute significantly owing to its rising focus on R&D and consistently developing defense sector which will help nomex honeycomb market size to attain higher gains by 2024. In addition, Asia Pacific shall observe maximum gains over the forecast timeframe on account of positive growth indicators in the end-user segments including automotive, aerospace, etc.

Key global nomex honeycomb market share contributors are Advanced Honeycomb Technologies Corp, The Gill Corporation, Honylite, TRB Lightweight Structures Limited, Hexcel Corporation, Plascore Inc., Royal TenCate N. V., DuPont, Professional Plastics, CEL Components, Tasuns Composite Technology Co., Ltd, Technical Composite Corporation, Kineco Private Limited, Fibermax Composites and Euro-Composites S.A.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.