DUBLIN, Oct. 12, 2020 /PRNewswire/ — The “Honeycomb Core Materials – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
The Global Honeycomb Core Materials market accounted for $2.22 billion in 2019 and is expected to reach $5.19 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing demand for lightweight materials for fuel efficiency is driving the growth of the market. However, significant cost of the products is likely to inhibit market growth.
Honeycomb core are used to manufacture composite sandwich structures. It provides stiffness to the structure with minimal weight gain. Honeycombs utilize far less material than a solid panel but still provide exceptional strength, making it a highly economical option for many applications. In addition, the strength of the honeycomb increases with its thickness, meaning it is well suited to structures needing considerable core materials. Lightweight honeycomb solutions are used