The report “Nomex Honeycomb Market by Application (Aerospace & Defense, Transportation, Sporting Goods and Others), Aerospace & Defense, Sub Application (Interior and Exterior), and by Region – Global Forecasts to 2021″.
The global Nomex honeycomb market is projected to grow from USD 237.1 Million in 2015 to USD 383.3 Million by 2021 at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021.The report estimates the market size and future growth potential of Nomex honeycomb market across different segments such as application and region.
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The use of composite materials and related core materials, including Nomex honeycomb, in the aerospace & defense industry has gained momentum in the past few decades. The latest Airbus now boasts a 53% usage of composite material among its long lists of new features. This shows the increase in the use of composites, which was hardly 2-5% in the past few years.
One of the main reasons for the rising use of composites in aircraft is the advantages offered by honeycombs such as reduction in weight and corrosion resistance. These properties of Nomex honeycomb results in low emissions and maintenance costs in comparison to traditional materials used for manufacturing aircraft. This increasing use drives the Nomex honeycomb market.
North American is the biggest and the fastest-growing market for Nomex. The growing aerospace industry, industrial development, and transportation industry in the region, which are the major applications of Nomex honeycomb, is the major factor driving the Nomex honeycomb market in North America.
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The major players in the Nomex honeycomb market include:
- Hexcel Corporation (U.S)
- Royal Ten Cate N.V (Netherlands)
- Euro-Composites (Luxembourg)
- Plascore Inc. (U.S)
- The Gill Corporation (U.S)
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