Honeycomb Core Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Honeycomb Core Materials Market Analysis and Manufacturers and is segmented by Product Type (Nomex, Aluminum, Thermoplastics, and Other Product Types), End-user Industry (Aerospace, Defense, Marine, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa). The market size and forecasts for Honeycomb Core Materials Market are provided in Revenue (USD million) for all the above segments.

Honeycomb Core Materials Market Size

Honeycomb Core Materials Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 9.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Honeycomb Core Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Honeycomb Core Materials Market Analysis

The honeycomb core materials market is expected to witness a CAGR of over 9% during the forecast period 2022-2027. The demand for honeycomb core materials is driven by the increased preference for lightweight materials in the aerospace and defense industries worldwide.

The COVID- 19 outbreak has halted production activity in the automotive, aerospace, and defense industries due to supply chain disruption and government-imposed lockdown measures, resulting in a global drop in demand for honeycomb core materials.

  • North America accounted for the largest market size, in terms of consumption, during the forecast period.
  • The absorbance of water and moisture by the honeycomb and the structural limitations of honeycomb core materials restrain the market.
  • The usage of 3D printing to manufacture honeycomb panels is likely to act as an opportunity for the market during the forecast period.

Honeycomb Core Materials Market Trends

This section covers the major market trends shaping the Honeycomb Core Materials Market according to our research experts:

Aerospace Sector to Dominate the Market

  • Aerospace is expected to be the largest market for honeycomb core materials during the forecast period, owing to the high demand for lightweight materials in the aerospace sector.
  • Core materials played a significant role in weight reduction in both structural applications and components in aircraft.
  • The aerospace industry is growing, as many countries have increased investments in new technologies. According to Boeing, the demand for new aircraft is expected to reach more than 40,000 by 2036.
  • In 2021, Boeing trailed European rival Airbus in new aircraft deliveries, but sales recovered after two disastrous years caused by the 737 Max crashes and the epidemic. Boeing also announced that it delivered 38 commercial planes in December and 340 in total for 2021, nearly doubling the number delivered in 2020.
  • The global aerospace deal activity volumes are rising, and a greater growth rate is expected. As the sector is growing, the demand for honeycomb core materials is also expected to grow during the forecast period.
  • Owing to all these factors, the aerospace sector is expected to dominate the honeycomb core materials market during the forecast period.
Honeycomb Core Materials Market, Volume (%), by End-user Industry, Global, 2021

Asia-Pacific Region to Dominate the Market

  • The surging demand for honeycomb core materials from the Asia-Pacific region is mainly due to the developing countries in the region, such as China, India, and South Korea.
  • According to the Association of Asia-Pacific Airlines (AAPA), the region's airlines carry approximately 1,486 million passengers and 22 million metric tons of cargo, which is almost one-third of the global passenger traffic and two-fifths of the world air cargo traffic, correspondingly, thus playing a leading role in the constant development of global aviation.
  • In addition, passenger traffic is expected to increase up to 40% of the global passenger traffic by 2036.
  • Furthermore, China has the world's largest shipbuilding sector, with 44.9% of ship tonnage finished and 51% of new orders placed in the first half of 2021, expanding the concerned market.
  • Thus, the Asia-Pacific region is expected to dominate the honeycomb core materials market during the forecast period.
Honeycomb Core Materials Market- Growth Rate by Region, 2022-2027

Honeycomb Core Materials Industry Overview

The Honeycomb core materials market is fragmented. The major companies include (in no particular order) ThermHex Waben GmbH, Hexcel Corporation, Honicel, EURO-COMPOSITES, and Packaging Corporation of America, among others.

Honeycomb Core Materials Market Leaders

  1. ThermHex Waben GmbH

  2. Hexcel Corporation

  3. Honicel


  5. Packaging Corporation of America

*Disclaimer: Major Players sorted in no particular order

Honeycomb Core Materials Market Concentration
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Honeycomb Core Materials Market News

  • In January 2022, FITS Air is currently being developed to TRL 6 technology readiness level, with panels measuring 1.28 m x 1.48 m and having optimum mechanical properties.
  • In December 2021, Hexcel Corp. (Stamford, Conn.) and Metyx Composites (Istanbul, Turkey) entered into a partnership to produce high-performance carbon fiber pultruded profiles for the wind energy sector using polyurethane (PU) resin and unidirectional (UD) carbon fiber.

Honeycomb Core Materials Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Lightweight Materials for Fuel Efficiency

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Absorption of Water and Moisture

      2. 4.2.2 Significant Cost of the Products

      3. 4.2.3 Structural Limitations of Honeycomb Core Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product Type

      1. 5.1.1 Nomex

      2. 5.1.2 Aluminum

      3. 5.1.3 Thermoplastics

      4. 5.1.4 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace

      2. 5.2.2 Defense

      3. 5.2.3 Marine

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) **/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Argosy International

      2. 6.4.2 Axxion Group

      3. 6.4.3 Corinth Group

      4. 6.4.4 Dufaylite Developments

      5. 6.4.5 Euro-Composites

      6. 6.4.6 Grigeo

      7. 6.4.7 Hexcel Corporation

      8. 6.4.8 Honeycomb Cellpack

      9. 6.4.9 Honicel

      10. 6.4.10 Koninklijke Ten Cate BV

      11. 6.4.11 Packaging Corporation of America

      12. 6.4.12 Samia Canada

      13. 6.4.13 The Gill Corporation

      14. 6.4.14 Thermhex Waben GmbH

      15. 6.4.15 Thermhex Waben GmbH

      16. 6.4.16 Tubus Baer GmbH

    5. *List Not Exhaustive

    1. 7.1 3D Printing to Manufacture Honeycomb Panels

    2. 7.2 Increasing Use of Recyclable Products

**Subject to Availability
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Honeycomb Core Materials Industry Segmentation

Honeycomb core materials are lightweight materials composed of honeycomb structures, which can be natural or artificial. They offer outstanding features such as low density, high mechanical strength, and biodegradability, and as a result, they are becoming increasingly used in industries such as building, packaging, and packaging. Furthermore, they are widely used in a variety of industrial applications. The honeycomb core materials market report includes the market sizing and forecasts that have been done based on revenue (USD million) for each segment.

Product Type
Other Product Types
End-user Industry
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Honeycomb Core Materials Market Research FAQs

The Honeycomb Core Materials Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

ThermHex Waben GmbH, Hexcel Corporation, Honicel, EURO-COMPOSITES and Packaging Corporation of America are the major companies operating in the Honeycomb Core Materials Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Honeycomb Core Materials Market.

The report covers the Honeycomb Core Materials Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Honeycomb Core Materials Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Honeycomb Core Materials Industry Report

Statistics for the 2024 Honeycomb Core Materials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Honeycomb Core Materials analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Honeycomb Core Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)