The newly launched report by Stratview Research, titled ‘Nomex Honeycomb Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity has been bifurcated by End-Use Industry Type (Aerospace & Defense, Automotive, Marine, Medical, and Others), by Grade Type (Aerospace Grade, Commercial Grade, and Others), by Application Type (Aircraft Interiors, Aircraft Exteriors, Sports & Recreation, Automotive Body Panels, Boat Hulls, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the Nomex honeycomb market is likely to witness an impressive CAGR of 8.8% during the forecast period. The prime factor that is contributing to the demand for Nomex honeycomb is mainly its increasing usage in various industries, with the aerospace & defense industry being the largest demand generator among various end-use industries.

Nomex honeycomb is a non-metallic hexagonal structure made by dipping nomex aramid fiber paper into heat-resistant phenolic resin. It is generally suitable for constructing sandwich structures to offer lightweight components with a high strength-to-weight ratio.

Nomex honeycomb possesses various properties, such as excellent fire resistance with self-extinguishing characteristics, high operating temperature range, corrosion resistance, high toughness, good thermal & electrical insulation, and easy formability.

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Key Players

The following are the key players in the market-

• Advanced Honeycomb Technologies Inc.

• CEL Components S.R.L.

• Euro-Composites S.A.

• Hexcel Corporation

• Plascore Inc.

• The Gill Corporation

• Toray TCAC Holding B.V.

Segment Analysis

Based on the end-use industry type, the market is segmented as aerospace & defense, automotive, marine, medical, and others. The aerospace & defense segment is expected to remain the dominant as well as fastest-growing segment during the forecast period. Increasing usage of Nomex honeycomb in the aerospace & defense industry for various applications: galleys, lavatories, flooring, sidewalls, ceiling panels, and partitions in aircraft interiors to flaps, ailerons, radomes, fairings, access panels, doors, trailing and leading edges in aircraft exteriors along with increasing demand for lightweight and fuel-efficient components is the major factor driving the growth of this segment.

Based on the grade type, the market is segmented as aerospace grade, commercial grade, and others. The aerospace-grade segment dominates the market, as nomex honeycombs are widely used for aerospace & defense applications. Commercial grade nomex honeycomb is designed to offer similar properties at an economic cost for non-aerospace applications.

Based on the application type, the market is segmented as aircraft interiors, aircraft exteriors, sports & recreation, automotive body panels, boat hulls, and others. The aircraft interiors segment dominates the market, as Nomex honeycomb finds extensive usage in a large number of applications, majorly in the aircraft interiors.

In terms of regions, North America is expected to lead the market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, distributors, and raw material suppliers. The dominance of the region is attributed to the high demand from the USA. On the other hand, Asia-Pacific is expected to be the fastest-growing market for nomex honeycomb during the forecast period. China and India are the growth engines of the Asia-Pacific market for Nomex honeycomb.

Research Methodology

Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.