The thriving production of aircraft is driving the market growth
A honeycomb sandwich is a three-layer construction with a low-density core sandwiched between two relatively thin layers to improve its mechanical qualities and lighten its weight. Some characteristics of high-temperature honeycomb constructions include high stiffness, corrosion resistance, strength, and minimal raw material requirement during manufacturing. The main factors propelling the Honeycomb Sandwich Material Market are a rise in the production of various aircraft and the expansion of the space sector ly. Honeycomb sandwich materials are widespread in the aerospace and aviation industries because they offer exceptional mechanical qualities and are lightweight, saving fuel and lightening the vehicle's load.
This factor drives the Market CAGR.
Additionally, the aluminum honeycomb market is driven by innovation in the field of material science to lower energy consumption. Since 2018, manufacturers have created composite sandwich panels with minimal fire advancement and smoke/toxic gas emission characteristics for interior structures. As a result, the finished product has strong mechanical qualities at a cheaper cost and will be used for internal aircraft applications. The honeycomb structure is unaffected and gains a lightweight quality that will improve fuel efficiency.
Furthermore, the rising building & construction activities, the increasing aerospace & defense industry, and the growing marine industry worldwide are important growth factors fueling the Aluminum Honeycomb Market Growth during the assessment period.
Moreover, the aluminum honeycomb market finds significant applications in various industries such as construction, aerospace, automotive, and transportation. In construction, aluminum honeycomb panels are commonly used in floor structures, stairways, and architectural and building panels. These panels provide architects and builders with strength, durability, and design flexibility. In the aerospace industry, aluminum honeycomb structures are utilized in ailerons and flaps, contributing to the lightweight construction of aircraft and enhancing their performance. The expanding automotive and transportation industry also presents new growth opportunities for the Aluminum Honeycomb Market. Aluminum honeycomb panels are energy absorbers in train bulkheads, car skins, and doors.
These panels offer enhanced safety and crashworthiness by absorbing impact energy during collisions. Thus, driving the Aluminum Honeycomb market revenue.June 2023- Strata Manufacturing (STRATA) and Mohammed Bin Rashid Space Centre (MBRSC) have partnered to successfully generate a satellite component of aluminum honeycomb panels for the first time. This domestic production is an achievement of the country's space goals. The collaboration displays the technological development and rising self-sufficiency of the UAE as it builds a local space industry. STRATA, fully owned by Mubadala, is a composite aero-structures manufacturing plant based in Al Ain.
The organization was founded in 2009 and has collaborated with the world's biggest aircraft manufacturers, such as Airbus and Boeing. It also offers parts to Pilatus, SAAB, and SABCA. STRATA is offering domestically developed components for MBZ-SAT, the country's high-resolution, high-accuracy imaging satellite.
In 2019, Bespoke Composite Panels (BCP; Cambridgeshire, U.K.), an aluminum honeycomb composite panel maker, announced the debut of its new e-commerce platform, which sells basic composite panels directly from its website for same-day delivery.The 600-millimeter by 600-millimeter aluminum honeycomb composite panels come in five thicknesses.
The Global Aluminum Honeycomb Market is poised for growth, driven by increasing demand for lightweight materials in various industries, particularly in aerospace and automotive applications.
U.S. Department of Commerce