Non-Honeycomb Sandwich Panel Core Materials Market - Forecast(2024 - 2030)

Report Code: CMR 66128 Report Format: PDF + Excel
Non-Honeycomb Sandwich Panel Core Materials Market size is forecast to reach $1.04 billion by 2025 after growing at a CAGR of 6% during 2020-2025. Non-Honeycomb sandwich panel core materials which is composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. The growth of the market of non-honeycomb sandwich panel core materials is expected to be driven by the high demand from the aerospace industry. The other growth factor is construction industry which is using non-honeycomb sandwich panel core materials for manufacturing of light weight parts.

Report Coverage
The report: “Non-Honeycomb Sandwich Panel Core Materials Market -Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of non-honeycomb sandwich panel core materials Industry. 

By Material Type: Foam (Low-Density Foam, High-Density Foam), Balsa.
By Application: Ship Decoration and Interiors, Furniture, Aircraft Engines, Wind Turbine Blades, Anisotropy, Air Conditioning System, and Others.
By End Use: Aerospace, Wind Energy, Marine, Transportation, Construction, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways
  • Asia-Pacific dominates the non-honeycomb sandwich panel core materials market owing to increasing demand from construction industry.
  • The increase in production of various aircrafts and growth in the space industry is the key factors that drive the non-honeycomb sandwich panel core materials market.
  • The high cost of production and high price of raw materials cost are the major restraint for the growth of the non-honeycomb sandwich panel core materials market.

By Material Type-Segment Analysis
Foam held the largest share in the non-honeycomb sandwich panel core materials market. The material composition of foams provides unique mechanical properties well suited to subsea applications below 700 meters depth. High compressive strength, high buoyancy per kilogram and low water absorption make foams ideal for subsea applications requiring high performance and long lifetime. Special formulations of the material can also meet extreme requirements with regard to temperature or fire resistance. Foams are formulated to meet specific depth and buoyancy requirements down to 10,000 meters. The foam is available in blocks, semi-ready, to print or finished products such as low drag buoys, modular buoyancy, and any kind of umbilical systems as well as well-protecting structures.

By Application- Segment Analysis
Aircraft engines segment held the largest share in the non-honeycomb sandwich panel core materials market in terms of application in 2019. Non-honeycomb sandwich panel core materials can be as much as 40 times stronger than laminates in certain scenarios, for instance, and often offers better weight-to-strength ratios. Also, load carry and load transference are much greater in honeycomb than in laminate. Therefore, non-honeycomb sandwich panel core materials are suitable for making aircraft engines. Rise in replacement of aging aircraft has led to boost in new aircraft manufacturing, which in turn is expected to drive the growth of the market. The market is expected to witness increasing demand for lightweight materials in an attempt to improve the cost-efficiency and environmental performance of aircraft. Hence, high strength, lightweight fiber-reinforced composites are gaining prominence in aircraft manufacturing, to increase fuel efficiency, decrease emissions, and reduce material usage, thereby allowing installation of new functions. This will derive the market of non-honeycomb sandwich panel core materials in the forecast period.

By End Use- Segment Analysis
Construction sector held the largest share in the non-honeycomb sandwich panel core materials market 2019 growing at CAGR of 8%. Non-honeycomb sandwich panel core materials are use in the ceiling, floor and other in the construction because of its lightweight property. The growth of non-honeycomb sandwich panel core materials market can be taken as directly proportional to the growth of construction industry. By 2020, construction output is estimated to grow by 70% to $12.7 trillion and will account for 14.6% of the world output with some of the larger emerging markets such as China, India, Russia, Brazil and Poland driving growth, along with U.S. Global GDP growth of 3.5% and 3.6% is expected in 2017 and 2018 respectively however the meteoric growth that outpaces global GDP will be concentrated in countries like China, India and U.S. India will overtake Japan as the third-largest construction market with annual growth averaging 7.4% annually in construction. Government buildings and public institutions are other major consumers of Fire Retardant coatings, which is further projected to boost the market of non-honeycomb sandwich panel core materials.

Geography-Segment Analysis
APAC dominates the non-honeycomb sandwich panel core materials market with a share of 40% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the aerospace industry. Rise in replacement of aging aircraft has led to boost in new aircraft manufacturing, which in turn is expected to drive the growth of the market. The market is expected to witness increasing demand for lightweight materials in an attempt to improve the cost-efficiency and environmental performance of aircraft. Hence, high strength, non-honeycomb sandwich panel core materials are gaining prominence in aircraft manufacturing, to increase fuel efficiency, decrease emissions, and reduce material usage, thereby allowing installation of new functions. The coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business. The current epidemic outbreak has deeply influenced consumers' daily life and in addition to the impact on aerospace industry. In commercial aviation, companies are experiencing disruption in production and slowing demand as workers go home, passengers stop traveling, and customers defer delivery of new aircraft. Demand for spare parts is also down since less maintenance is currently required. Aircraft manufacturers are capital intensive by nature, thus raising short-term concerns about cash flow and liquidity. This factor will affect the growth of the market for the year 2020.

Drivers-Non-Honeycomb Sandwich Panel Core Materials Market
  • Investment in the field of satellite manufacturing
The non-honeycomb sandwich panel core materials are used to manufacture panels for satellite due to its high stiffness and low weight requirements. The demand for satellite networks and services for commercial applications has increased. The growing utilization of commercial satellite platforms for dual purposes, which include military and civil, is also providing growth opportunities. Significant investments by the venture companies, the growing demand for low-cost miniaturized satellites, and increasing demand for Earth observation applications are some of the major driving factors propelling the growth of the non-honeycomb sandwich panel core materials market.  

  • Growth In the Field of marine Industry will drive the market
The marine Industry is the primary market for non-honeycomb sandwich panel core materials. Non-honeycomb sandwich panel core materials is used in various marine applications and is becoming the go-to material for critical substructures in ship decorations, interiors and furniture. Rise in the number of leisure marine travelers, vast expansion of the seaborne transport industry, advent of technologically advanced and highly reliable engines, economic stability, and rising disposable incomes are the major factors that have driven the non-honeycomb sandwich panel core materials market in the forecast period. 

Challenges- Non-Honeycomb Sandwich Panel Core Materials Market

  • High Manufacturing Cost can restrict the Growth of the Market
The manufacturing cost of non-honeycomb sandwich panel core materials is high. That’s why when the end use industry manufacture a product based on non-honeycomb sandwich panel core materials its cost also increased. Secondly, the raw material which is used in the production of global non-honeycomb sandwich panel core materials is also costly. These are the major restraint which affect the market of non-honeycomb sandwich panel core materials in near future. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the non-honeycomb sandwich panel core materials market. In 2019, the market of non-honeycomb sandwich panel core materials has been consolidated by the top five players accounting for xx% of the share. Major players in the non-honeycomb sandwich panel core materials market are 3A Composites, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd., Diab Group, Euro-Composites S.A and others.

Acquisitions/Technology Launches/Product Launches
  • In January 2020, The Global advanced fabrics company, Low & Bonar have signed a license agreement with EconCore, the thermoplastic honeycomb technology leader, for the use of their non-honeycomb sandwich panel core materials technology. 
  • In March 2020, The EconeCore launched Recycled polyethylene terephthalate (rPET) honeycomb which is now commercially ready and available to license from EconCore. The company successfully conducted two years of research, learning how to optimally process the reusable resource-based polymer into its continuously produced honeycomb core. 

1. Non-Honeycomb Sandwich Panel Core Materials Market- Market Overview
    1.1 Definitions and Scope 
2. Non-Honeycomb Sandwich Panel Core Materials Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Material Type 
    2.3 Key trends by Application
    2.4 Key trends by End Use
    2.5 Key trends by Geography
3. Non-Honeycomb Sandwich Panel Core Materials Market – Landscape 
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Non-Honeycomb Sandwich Panel Core Materials Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Non-Honeycomb Sandwich Panel Core Materials Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies Investment
6. Non-Honeycomb Sandwich Panel Core Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Non-Honeycomb Sandwich Panel Core Materials Market -Strategic analysis 
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Non-Honeycomb Sandwich Panel Core Materials Market – By Material Type (Market Size -$Billion)
    8.1 Foam
        8.1.1 Low-Density Foam
        8.1.2 High-Density Foam
    8.2 Balsa
9. Non-Honeycomb Sandwich Panel Core Materials Market – By Application (Market Size -$Billion)
    9.1 Ship Decorations and Interiors
    9.2 Furniture
    9.3 Aircraft Engines
    9.4 Wind Turbine Blades
    9.5 Air Conditioning System
    9.6 Others
10. Non-Honeycomb Sandwich Panel Core Materials Market – By End Use (Market Size -$Billion)
    10.1 Aerospace
    10.2 Wind Energy
    10.3 Marine
    10.4 Transportation
    10.5 Construction
    10.6 Others
11. Non-Honeycomb Sandwich Panel Core Materials Market - By Geography (Market Size -$Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherland
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zeeland
        11.4.6 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Non-Honeycomb Sandwich Panel Core Materials Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Non-Honeycomb Sandwich Panel Core Materials Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Mulch Films Market- List of Key Companies by Country (Premium) 
15. Non-Honeycomb Sandwich Panel Core Materials Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
1.1 Foam Market 2023-2030 ($M) - Global Industry Research
1.1.1 Low-Density Foam Market 2023-2030 ($M)
1.1.2 High-Density Foam Market 2023-2030 ($M)
1.2 Balsa Market 2023-2030 ($M) - Global Industry Research
2.Global Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
2.1 Aerospace Market 2023-2030 ($M) - Global Industry Research
2.2 Wind Energy Market 2023-2030 ($M) - Global Industry Research
2.3 Marine Market 2023-2030 ($M) - Global Industry Research
2.4 Transportation Market 2023-2030 ($M) - Global Industry Research
2.5 Construction Market 2023-2030 ($M) - Global Industry Research
3.Global Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 (Volume/Units)
3.1 Foam Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Low-Density Foam Market 2023-2030 (Volume/Units)
3.1.2 High-Density Foam Market 2023-2030 (Volume/Units)
3.2 Balsa Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 (Volume/Units)
4.1 Aerospace Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Wind Energy Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Marine Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Construction Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
5.1 Foam Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Low-Density Foam Market 2023-2030 ($M)
5.1.2 High-Density Foam Market 2023-2030 ($M)
5.2 Balsa Market 2023-2030 ($M) - Regional Industry Research
6.North America Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
6.1 Aerospace Market 2023-2030 ($M) - Regional Industry Research
6.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
6.3 Marine Market 2023-2030 ($M) - Regional Industry Research
6.4 Transportation Market 2023-2030 ($M) - Regional Industry Research
6.5 Construction Market 2023-2030 ($M) - Regional Industry Research
7.South America Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
7.1 Foam Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Low-Density Foam Market 2023-2030 ($M)
7.1.2 High-Density Foam Market 2023-2030 ($M)
7.2 Balsa Market 2023-2030 ($M) - Regional Industry Research
8.South America Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
8.1 Aerospace Market 2023-2030 ($M) - Regional Industry Research
8.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
8.3 Marine Market 2023-2030 ($M) - Regional Industry Research
8.4 Transportation Market 2023-2030 ($M) - Regional Industry Research
8.5 Construction Market 2023-2030 ($M) - Regional Industry Research
9.Europe Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
9.1 Foam Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Low-Density Foam Market 2023-2030 ($M)
9.1.2 High-Density Foam Market 2023-2030 ($M)
9.2 Balsa Market 2023-2030 ($M) - Regional Industry Research
10.Europe Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
10.1 Aerospace Market 2023-2030 ($M) - Regional Industry Research
10.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
10.3 Marine Market 2023-2030 ($M) - Regional Industry Research
10.4 Transportation Market 2023-2030 ($M) - Regional Industry Research
10.5 Construction Market 2023-2030 ($M) - Regional Industry Research
11.APAC Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
11.1 Foam Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Low-Density Foam Market 2023-2030 ($M)
11.1.2 High-Density Foam Market 2023-2030 ($M)
11.2 Balsa Market 2023-2030 ($M) - Regional Industry Research
12.APAC Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
12.1 Aerospace Market 2023-2030 ($M) - Regional Industry Research
12.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
12.3 Marine Market 2023-2030 ($M) - Regional Industry Research
12.4 Transportation Market 2023-2030 ($M) - Regional Industry Research
12.5 Construction Market 2023-2030 ($M) - Regional Industry Research
13.MENA Non-Honeycomb Sandwich Panel Core Material Market By Material Type Market 2023-2030 ($M)
13.1 Foam Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Low-Density Foam Market 2023-2030 ($M)
13.1.2 High-Density Foam Market 2023-2030 ($M)
13.2 Balsa Market 2023-2030 ($M) - Regional Industry Research
14.MENA Non-Honeycomb Sandwich Panel Core Material Market By End-User Industry Market 2023-2030 ($M)
14.1 Aerospace Market 2023-2030 ($M) - Regional Industry Research
14.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
14.3 Marine Market 2023-2030 ($M) - Regional Industry Research
14.4 Transportation Market 2023-2030 ($M) - Regional Industry Research
14.5 Construction Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
2.Canada Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
3.Mexico Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
4.Brazil Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
5.Argentina Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
6.Peru Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
7.Colombia Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
8.Chile Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
9.Rest of South America Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
10.UK Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
11.Germany Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
12.France Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
13.Italy Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
14.Spain Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
15.Rest of Europe Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
16.China Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
17.India Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
18.Japan Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
19.South Korea Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
20.South Africa Non-Honeycomb Sandwich Panel Core Materials Market Revenue, 2023-2030 ($M)
21.North America Non-Honeycomb Sandwich Panel Core Materials By Application
22.South America Non-Honeycomb Sandwich Panel Core Materials By Application
23.Europe Non-Honeycomb Sandwich Panel Core Materials By Application
24.APAC Non-Honeycomb Sandwich Panel Core Materials By Application
25.MENA Non-Honeycomb Sandwich Panel Core Materials By Application
26.Alcoa Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Armacell International S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bondi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Changzhou Tiansheng New Material Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Corelite Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Diab Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Evonik Industry Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Gurit Holding Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Milliken Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Protech Composite, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Xxentria Technology Material Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)