According to the new market research report “Aramid Honeycomb Core Materials Market in the Transportation Industry by Type (Nomex, Others), Aramid Type (Meta, Para), Application (Interior, Exterior), Transportation Type (Airways, Railways, Waterways, Roadways) and Region – Global Forecast to 2025″, The global aramid honeycomb core materials market size in the transportation industry is projected to grow from USD 210 million in 2020 to USD 338 million by 2025, at a CAGR of 10.0% during the forecast period. The market is growing due to the increase in the demand for high-performance materials, with properties such as low weight, high strength-to-weight ratio, good tensile strength, and electrical conductivity.
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The transportation industry has embraced Nomex honeycomb core for more than 30 years owing to its excellent strength-to-weight ratio, cost-effective benefits such as energy savings and payload increase. The stiff and thin Nomex sheet structures are used to make strong yet lightweight honeycomb sandwich composite panels. These panels are used in aircraft parts such as flooring panels, interior walls, storage bins, exterior control surfaces, engine nacelles, helicopter blades, and tail booms. Nomex honeycomb composites are also used in the construction of boats to help provide buoyancy that enhances speed. The COVID-19 outbreak has resulted in the disruption in the supply chain, resulting in reduced demand for Nomex from the transportation industry.
Meta-aramid honeycomb core materials are highly resistant to temperature, chemical degradation, and abrasion. It is usually manufactured by wet spinning, resulting in a semi-crystalline fiber. These materials can withstand tensile stress during exposure to flames and temperatures up to 7520F. Thus, the meta-aramid honeycomb core materials are used in aircraft galleys, flooring, partitions, aircraft leading and trailing edges, missile wings, radomes, antennas, military shelters, fuel tanks, helicopter rotor blades, rail panels, racing car bodies, and navy bulkhead joiner panels. With the outbreak of COVID-19, there is a reduced demand for aramid honeycomb core materials in the transportation industry. This has forced the meta-aramid honeycomb core materials manufacturers to operate at partial or zero capacities.
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165 – Pages
Aramid honeycomb core materials are used in interior and exterior applications of aircraft, automobiles, ships, and rails. The demand for these materials is increasing at a rapid pace, owing to their lightweight and increase in fuel efficiency of vehicles facilitated by their use. However, amidst the global COVID-19 pandemic, the demand from the aforementioned vehicle types is expected to show a sharp decline until 2021. The global aramid honeycomb core materials market in the transportation industry size is projected to grow from USD 210 million in 2020 to USD 338 million by 2025, at a CAGR of 10.0% during the forecast period.
Companies have strengthened their position in the global aramid honeycomb core materials market in the transportation industry by adopting expansions as the major strategy. From 2015 to 2020, expansion was the key strategy adopted by the market players to maintain growth in the global aramid honeycomb core materials market in the transportation industry. For instance, Plascore Inc. (US) invested USD 6 million to expand its aerospace business unit in Zeeland, Michigan, US. The company built a 73,500-square-feet addition onto its current plant, doubling the size of its facility. This expansion has helped the company to increase its production capacity at a competitive cost to meet the demand for the aramid honeycomb core materials from the aerospace customers. However, due to the outbreak of the COVID-19 pandemic, the demand for aramid honeycomb core materials from two of the major commercial aircraft manufacturers has decreased. The factors such as lockdown situation across national and international borders, closure of manufacturing facilities, disruption in the supply chain, and zero orders for new aircraft for Boeing and Airbus in January and February, respectively have resulted in a decline in the demand for aramid honeycomb core materials in the transportation industry.
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The major manufacturers profiled in this report include Hexcel Corporation (US), Euro-Composites S.A. (Luxembourg), The Gill Corporation (US), Plascore, Inc. (US), Argosy International, Inc. (US), Showa Aircraft Company Ltd. (Japan), Tasuns Composites Co. Ltd. (China), and Schutz Composite GmbH (Germany). The aramid honeycomb core materials business in the transportation industry of these companies is severely affected due to the outbreak of COVID-19 pandemic. Reduced demand from several OEMs and disruption in the supply chain have compelled the manufacturing companies to operate at partial capacities.
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