CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market, By Material (Nomex and Other than Nomex), Aramid Type (Meta Aramid and Para Aramid), Size (24" * 48", 48" * 48", 48" * 96", and Others), Thickness (.060", .125", .250", .500", and Others), Application (Exterior and Interior), Grade (Aerospace and Commercial), Utility (Roofs, Doors, Floors, Aircraft Wings, Aviation Panels, Tail Booms, Boat Hulls, Stateroom for Boats, Decks, Cargo Linings, Shells, Hatches, Navy Bulkhead Joiner Panels, and Others), Downstream Application (Airways, Marine, Roadways, Railways, and Others) – Industry Trends and Forecast to 2030.
CIS (Russia, Ukraine), Middle East (Iran), South Asia India) Aramid Honeycomb Core Materials Market Analysis and Size
The CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 4.7% in the forecast period of 2023 to 2030 and is expected to reach USD 227,413.10 thousand by 2030. The growing use of nomex in aerospace and marine industries is acting as a major driver for market growth.
This market report provides details of market share, new developments, and the impact of domestic and localized market players, and analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Material (Nomex and Other than Nomex), Aramid Type (Meta Aramid and Para Aramid), Size (24" * 48", 48" * 48", 48" * 96", and Others), Thickness (.060", .125", .250", .500", and Others), Application (Exterior and Interior), Grade (Aerospace and Commercial), Utility (Roofs, Doors, Floors, Aircraft Wings, Aviation Panels, Tail Booms, Boat Hulls, Stateroom for Boats, Decks, Cargo Linings, Shells, Hatches, Navy Bulkhead Joiner Panels, and Others), Downstream Application (Airways, Marine, Roadways, Railways, and Others),
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Countries Covered
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Russia, Ukraine, Iran, and India
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Market Players Covered
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Hexcel Corporation, EURO-COMPOSITES, Showa Aircraft Industry Co., Ltd., Teijin Aramid B.V., DuPont., Honylite, Godrej, The Gill Corporation., and Axxor among others
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Market Definition
Aramid honeycomb is a lightweight, high-strength, non-metallic honeycomb core material made from aramid fiber paper. After the honeycombs are formed, they are coated with a heat-resistant phenolic resin to improve their strength and thermal properties. It has a high strength-to-weight ratio, exceptional stiffness, and is very easy to bond. Aramid Honeycomb is becoming increasingly used in high-performance components due to its high mechanical properties, low density, and good long-term stability. It is ideal for any structure which requires corrosion resistance and thermal insulation.
CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market Dynamics
This section deals with understanding the market drivers, opportunities, challenges, and restraints. All of this is discussed in detail below:
DRIVERS
- Increasing Use of Aramid Honeycomb Core Materials in Aerospace and Marine Industries
Aerospace honeycomb cores are used in a variety of aerospace applications where light weight, high strength-to-weight ratio, damping, and dimensional stability are key properties, and are used for structural, control surfaces, and interior components. Plascore's breathable metal core is ideal for satellite construction. The main use of honeycomb is for structural applications. This is because honeycomb sandwich panels are very efficient in terms of stiffness-to-weight and strength-to-weight situations. Whenever lightweight is important, honeycomb sandwich construction can not be beaten. Reducing mass has always been a challenge for designers.
Nomex is valued for its superior strength-to-weight ratio, which contributes to key cost-effective benefits such as energy savings and increased payload. Strong yet lightweight honeycomb sandwiches are found in aircraft components such as floor panels, interior walls, storage compartments, external control surfaces, engine nacelles, helicopter blades, and tail booms using rigid thin nomex plate construction.
- Rising Demand for Paper Honeycomb Core in Packaging Industry
Paper honeycomb packaging material is a great innovation as it is stronger than steel. The honeycomb core and sandwich layers act as traditional steel I-beams commonly used in civil engineering. Paper honeycombs are even stronger when combined with other materials such as plastics, fiberglass, and metals. This type of box is often used to transport more sensitive technology, similar to foam-lined boxes. Paper honeycombs are often found in panels and pallets, but their uses are not limited. In fact, paper honeycomb panels are often die-cut to the exact shape and size that businesses require. This makes it a perfect fit for any type of product and is ideal for companies that only make a few types of products. A simple slit in the back of the honeycomb panel allows it to be easily bent and molded around objects. The benefits offered by paper honeycomb are expected to drive market growth in the forecast period.
OPPORTUNITY
- Increasing Knowledge about the Advantages of Aramid Honeycombs
The transportation industry is adopting Nomex honeycomb composites. This is because of its excellent strength-to-weight ratio, which helps provide important cost-effective benefits such as energy savings and increased payload. Strong yet lightweight honeycomb sandwiches are found in aircraft components such as floor panels, interior walls, storage compartments, external control surfaces, engine nacelles, helicopter blades, and tail booms using rigid thin Nomex plate construction. Nomex honeycomb composites are also used in boat construction to provide buoyancy that increases speed. Over-foamed aramid honeycomb is a lightweight, high-strength, non-metallic honeycomb core material manufactured from rectangular cell aramid fiber paper. The overstretched cell shape causes the wick to bend slightly in one direction, making it suitable for forming simple curves. After the honeycombs are formed, they are coated with a heat-resistant phenolic resin to improve their strength and thermal properties.
RESTRAINTS
- Disruption in the Supply Chain
A supply chain is a network of people, companies, resources, processes, and technologies that come together to develop and sell products and services. A chain includes everyone from the manufacturer to the customer. If any of them get disrupted, there will be disruptions throughout the supply chain. Trade has been heavily impacted during the COVID-19 pandemic, with many countries still suffering from the devastating effects of the virus. Then, after Russia's invasion of Ukraine, the global aramid honeycomb market suffered another blow, and the aftermath was more than visible.
The supply chain is being tested again. This time by an extraordinary event in Ukraine. This is an era when supply chain disruptions can be treated as a one-off event as companies strive to mitigate business disruptions and keep the flow of goods, funds, and information flowing through their supply chains.
- The High Price Associated with Aramid Honeycomb Core Material
In an inflationary environment, even if raw materials and labor are not increasing, rising overhead costs may force the price of products to rise. The only way to earn that revenue is through the price at which you sell your product. If you do not control your overhead, you could go bankrupt. The overhead continues to run even when you are not producing. That means you have to spend money on machine downtime and other overhead during production downtime. Aramid is an expensive material with a price similar to carbon fiber. Therefore, it is used for special applications that require excellent impact resistance and light weight of the final product.
Aramid honeycomb is relatively expensive compared to other honeycomb materials. The high cost of aramid honeycomb is another major barrier to market expansion. The features offered by aramid honeycomb are lightweight strength, stiffness, toughness, corrosion resistance, and other properties that result in high-cost products in the market. In addition, the supply chain and fluctuating raw material prices also increase the price of aramid honeycomb in the market.
CHALLENGES
- Maintenance of Uninterrupted Supply Chain
These issues can occur at any stage of the supply chain cycle from planning to procurement, production, and delivery. Additionally, process disruptions can create a cumulative negative multiplier effect, leading to inefficiencies throughout the supply chain. Due to the highly sensitive nature of supply chains, maintenance teams need to help supply chain managers stay ahead of any issues. From production to delivery, the maintenance staff behind the scenes carry out the entire process without delay. One area where the importance of maintenance is very evident is on the production floor. There is no way to maintain the efficiency of the production process when production equipment is faulty or operating at sub-optimal levels.
The Maintenance Department has additional responsibilities to ensure that each warehouse or storage facility under its supervision provides a suitable environment for the storage of raw materials and finished goods. The maintenance team goes to great lengths to ensure smooth logistics, including early planning. Moreover, equipment downtime is a major factor that often disrupts supply chains.
Recent Development
- In February 2020, Honeylite displayed an exhibition at DEFEXPO India. DEEXPO India is the largest showcase of new and future defense technologies and the largest exhibition for global defense contractors to showcase land, sea, and air capabilities in a single exhibition. Honeylite established itself as one of the leading manufacturers of defense honeycomb panels in India.
CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market Scope
The CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market is segmented into eight notable segments based on material, aramid type, size, thickness, application, grade, utility, and downstream application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Material
- Nomex
- Other than Nomex
Based on material, the market is segmented into nomex and other than nomex.
Aramid Type
- Meta Aramid
- Para Aramid
Based on aramid type, the market is segmented into meta aramid and para aramid.
Size
- 24" * 48"
- 48" * 48"
- 48" * 96"
- Others
Based on size, the market is segmented into 24" * 48", 48" * 48", 48" * 96", and others.
Thickness
- .060"
- .125"
- .250"
- .500"
- Others
Based on thickness, the market is segmented into .060", .125", .250", .500", and others.
Application
- Exterior
- Interior
Based on application, the market is segmented into exterior and interior.
Grade
- Aerospace
- Commercial
Based on grade, the market is segmented into aerospace and commercial.
Utility
- Roofs
- Doors
- Floors
- Aircraft Wings
- Aviation Panels
- Tail Booms
- Boat Hulls
- Stateroom for Boats
- Decks
- Cargo Linings
- Shells
- Hatches
- Navy Bulkhead Joiner Panels
- Others
Based on utility, the market is segmented into roofs, doors, floors, aircraft wings, aviation panels, tail booms, boat hulls, stateroom for boats, decks, cargo linings, shells, hatches, navy bulkhead joiner panels, and others.
Downstream Application
- Airways
- Marine
- Roadways
- Railways
- Others
Based on downstream application, the market is segmented into airways, marine, roadways, railways, and others.
CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market Regional Analysis/Insights
The CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market is segmented into material, aramid type, size, thickness, application, grade, utility, and downstream application.
The countries covered in this market report are Russia, Ukraine, Iran, and India.
South Asia is expected to dominate the market due to the increasing demand for aramid honeycomb core material in the aerospace and marine industry. India is expected to dominate the market due to the rising demand for aramid paper honeycomb core material from various industries.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) Aramid Honeycomb Core Materials Market Share Analysis
The CIS (Russia, Ukraine), Middle East (Iran), South Asia (India) aramid honeycomb core materials market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the market.
Some of the major market players operating in the market are Hexcel Corporation, EURO-COMPOSITES, Showa Aircraft Industry Co., Ltd., Teijin Aramid B.V., DuPont., Honylite, Godrej, The Gill Corporation., and Axxor among others.
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