Nomex Honeycomb Market by Application (Aerospace & Defense, Transportation, Sporting Goods and Others), Aerospace & Defense, Sub Application (Interior and Exterior), and by Region - Global Forecasts to 2021
[107 Pages Report] The Nomex honeycomb market is estimated to grow from USD 237.1 Million in 2015 to USD 383.3 Million by 2021, at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021. The base year considered for the study is 2015 and the market size is forecasted from 2016 to 2021. The report estimates the market size and future growth potential of Nomex honeycomb market across different segments such as application and region. A shift in the trend from traditional materials towards Nomex honeycomb is witnessed. Nomex honeycomb offers properties such as high thermal performance, corrosion resistance, high strength, and others. The aerospace & defense is the biggest application segment and is driving the growth of the market during the forecast period.
The research methodology used to estimate and forecast the Nomex honeycomb market begins with capturing data on key company revenues and raw material costs through secondary research. The product offerings are taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Nomex honeycomb from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, Directors and other executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.
The breakdown of profiles of primary discussion participants is depicted in the below figure:
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The value chain for the Nomex honeycomb market begins with raw material suppliers that include BASF SE (Germany), Kukdo Chemicals (South Korea), Cytec Solvay Group (U.S), and so on. The Nomex honeycomb market comprises of manufacturers such as Hexcel Corporation (U.S), Royal Ten Cate N.V (Netherlands), Euro-Composites (Luxembourg), Plascore Inc. (U.S), and so on.
Target audience
- Nomex honeycomb manufacturers
- Composite manufacturers
- Raw material suppliers
- Distributors & suppliers
- End-use industries
- Industry associations
- Investment research firms
This study answers several questions for stakeholders, primarily which market segments to focus on in next two to five years for prioritizing their efforts and investments.
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The research report segments the Nomex honeycomb market into the following segments:
By Application:
- Aerospace & defense
- Transportation
- Sporting goods
- Others
Aerospace & defense: Sub-segment, By application:
- Exterior
- Interior
By Region
- North America
- Asia-Pacific
- Europe
- RoW (Rest of the World)
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
- Further breakdown of the North America Nomex honeycomb market
- Further breakdown of the Europe Nomex honeycomb market
- Further breakdown of the Asia-Pacific Nomex honeycomb market
- Further breakdown of the RoW Nomex honeycomb market
Company Information
- Detailed analysis and profiling of additional market players
The global Nomex honeycomb market is estimated to grow from USD 237.1 Million in 2015 to USD 383.3 Million by 2021, at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021. The global market has witnessed a strong growth in the past few years due to its high demand from the aerospace & defense application segment. Nomex honeycomb provides high-strength to weight ratio, corrosion resistance, and fire resistance, which increase product life cycle and greater efficiency in aerospace applications.
The major applications of Nomex honeycomb are in aerospace & defense, transportation, sporting goods, and other sectors. The aerospace & defense application is the fastest-growing application in the Nomex honeycomb market during the forecast period. The properties offered by Nomex honeycomb such as good thermal stability, dielectric properties, and high toughness encourage its use in high performance applications. The second-largest market share is occupied by the transportation application segment. Nomex honeycomb provide great advantages as it enable components to maintain low weight, thus providing fuel efficiency. They are used in applications areas such as car panels, rails, and so on.
Nomex honeycomb is majorly used in the exterior of aerospace applications such as leading and trailing edges, radomes, and so on. Therefore, exterior aerospace & defense application has the largest market share in the global Nomex honeycomb market. Nomex honeycomb has high mechanical strength and heat resistance which is ideal for exterior aerospace & defense application.
Currently, North America is the largest consumer of Nomex honeycomb. The U.S, the U.K, Germany, France, and Canada are among the major markets of Nomex honeycomb. The Brazilian market for Nomex honeycomb in the RoW region is projected to register the highest CAGR during the forecast period. The growth of the aerospace industry and improved transportation facilities in the region has led to an increase in the demand for Nomex honeycomb.
High cost of raw materials required for manufacturing Nomex honeycomb is acting as a barrier for Nomex honeycomb in various applications. However, companies are adopting various strategies to build a strong foothold in the market through several developmental activities. Hexcel Corporation is one of the major manufacturer of Nomex honeycomb. The company has been able to hold a leading position by tapping various global markets. The company has undertaken strategic alliances with local distribution centers in emerging markets such as China and India to increase its market share and customer base. The company has shown a positive growth in the Nomex honeycomb market in the last few years due to is high grade products.
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.3.1 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Nomex Honeycomb Market Size, 2016 vs 2021
4.2 Nomex Honeycomb Market, By Application
4.3 Nomex Honeycomb Market Share, By Region and By Application
4.4 Nomex Honeycomb Market Growth, By Country
4.5 Nomex Honeycomb Market, By Aerospace & Defense Application
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Segmentation
5.2.1 Nomex Honeycomb Market, By Aerospace & Defense Application
5.2.2 Nomex Honeycomb Market, By Application
5.2.3 Nomex Honeycomb Market,By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Use of Composites in Aerospace & Defense Industry
5.3.1.2 Increase Use of Composites in Rail Transportation
5.3.1.3 High Compatibility With Any Composite Material
5.3.2 Restraints
5.3.2.1 Absorbance of Water and Moisture By Open Cell Structures of Honeycomb
5.3.2.2 High Cost of Raw Materials
5.3.3 Opportunities
5.3.3.1 Use of Nomex Honeycomb in New Applications
5.3.4 Challenges
5.3.4.1 Need for Producing Low-Cost Products
6 Industry Trends (Page No. - 38)
6.1 Introduction
6.2 Porters Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
7 Nomex Honeycomb Market, By Aerospace & Defense Application (Page No. - 41)
7.1 Introduction
7.2 Interiors
7.3 Exteriors
8 Nomex Honeycomb Market, By Application (Page No. - 46)
8.1 Introduction
8.2 Aerospace & Defense
8.3 Transportation
8.4 Sporting Goods
8.5 Other Applications
9 Nomex Honeycomb Market, By Region (Page No. - 56)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Italy
9.3.5 Austria
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Malaysia
9.4.5 Rest of Asia-Pacific
9.5 RoW
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Other Countries
10 Competitive Landscape (Page No. - 86)
10.1 Overview
10.2 Competitive Situations and Trends
10.2.1 Expansions
10.2.2 Agreements
10.2.3 New Product Launches
11 Company Profiles (Page No. - 90)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Hexcel Corporation
11.2 Royal Ten Cate N.V.
11.3 Euro-Composites S.A.
11.4 Plascore Inc.
11.5 The Gill Corporation
11.6 Advanced Honeycomb Technologies Inc.
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 101)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
List of Tables (70 Tables)
Table 1 Nomex Honeycomb Market Size, 20142021 (Value and Volume)
Table 2 Nomex Honeycomb Market Size, By Aerospace & Defense Application, 20142021 (USD Million)
Table 3 Market Size, By Aerospace & Defense Application, 20142021 (Ton)
Table 4 Nomex Honeycomb Market Size, By Interior Aerospace & Defense Application, 20142021 (USD Million)
Table 5 Market Size, By Interior Aerospace & Defense Application, 20142021 (Ton)
Table 6 Nomex Honeycomb Market Size, By Exterior Aerospace & Defense Application, 20142021 (USD Million)
Table 7 Market Size, By Exterior Aerospace & Defense Application, 20142021 (Ton)
Table 8 Nomex Honeycomb Market Size, By Application, 20142021 (USD Million)
Table 9 Market Size, By Application, 20142021 (Ton)
Table 10 Nomex Honeycomb Market Size in Aerospace & Defense Application, By Region, 20142021 (USD Million)
Table 11 Market Size in Aerospace & Defense Application, By Region, 20142021 (Ton)
Table 12 Nomex Honeycomb Market Size in Transportation Application, By Region, 20142021 (USD Million)
Table 13 Market Size in Transportation Application, By Region, 20142021 (Ton)
Table 14 Nomex Honeycomb Market Size in Sporting Goods Application, By Region, 20142021 (USD Million)
Table 15 Market Size in Sporting Goods Application, By Region, 20142021 (Ton)
Table 16 Nomex Honeycomb Market Size in Other Applications, By Region, 20142021 (USD Million)
Table 17 Market Size in Other Applications, By Region, 20142021 (Ton)
Table 18 Nomex Honeycomb Market Size, By Region, 2014-2021 (Ton)
Table 19 Market Size, By Region, 20142021 (USD Million)
Table 20 North America: Nomex Honeycomb Market Size, By Country, 20142021 (Ton)
Table 21 North America: Market Size, By Country, 20142021 (USD Million)
Table 22 North America: Market Size, By Application, 20142021 (Ton)
Table 23 North America: Market Size, By Application, 20142021 (USD Million)
Table 24 U.S.: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 25 U.S.: Market Size, By Application, 20142021 (USD Million)
Table 26 Canada: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 27 Canada: Market Size, By Application, 20142021 (USD Million)
Table 28 Europe: Nomex Honeycomb Market Size, By Country, 20142021 (Ton)
Table 29 Europe: Market Size, By Country, 20142021 (USD Million)
Table 30 Europe: Market Size, By Application, 20142021 (Ton)
Table 31 Europe: Market Size, By Application, 20142021 (USD Million)
Table 32 Germany: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 33 Germany: Market Size, By Application, 20142021 (USD Million)
Table 34 France: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 35 France: Market Size, By Application, 20142021 (USD Million)
Table 36 U.K.: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 37 U.K.: Market Size, By Application, 20142021 (USD Million)
Table 38 Italy: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 39 Italy: Market Size, By Application, 20142021 (USD Million)
Table 40 Austria: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 41 Austria: Market Size, By Application, 20142021 (USD Million)
Table 42 Rest of Europe: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 43 Rest of Europe: Market Size, By Application, 20142021 (USD Million)
Table 44 Asia-Pacific: Nomex Honeycomb Market Size, By Country, 20142021 (Ton)
Table 45 Asia-Pacific: Market Size, By Country, 20142021 (USD Million)
Table 46 Asia-Pacific: Market Size, By Application, 20142021 (Ton)
Table 47 Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 48 China: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 49 China: Market Size, By Application, 20142021 (USD Million)
Table 50 Japan: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 51 Japan: Market Size, By Application, 20142021 (USD Million)
Table 52 India: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 53 India: Market Size, By Application, 20142021 (USD Million)
Table 54 Malaysia: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 55 Malaysia: Market Size, By Application, 20142021 (USD Million)
Table 56 Rest of Asia-Pacific: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 57 Rest of Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 58 RoW: Nomex Honeycomb Market Size, By Country, 20142021 (Ton)
Table 59 RoW: Market Size, By Country, 20142021 (USD Million)
Table 60 RoW: Market Size, By Application, 20142021 (Ton)
Table 61 RoW: Market Size, By Application, 20142021 (USD Million)
Table 62 Brazil: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 63 Brazil: Market Size, By Application, 20142021 (USD Million)
Table 64 Mexico: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 65 Mexico: Market Size, By Application, 20142021 (USD Million)
Table 66 Other Countries: Nomex Honeycomb Market Size, By Application, 20142021 (Ton)
Table 67 Other Countries: Market Size, By Application, 20142021 (USD Million)
Table 68 Expansions, 20112016
Table 69 Agreements, 20112016
Table 70 New Product Launches, 20112016
List of Figures (31 Figures)
Figure 1 Nomex Honeycomb Market Segmentation
Figure 2 Nomex Honeycomb Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Aerospace & Defense Application to Register the Highest CAGR in Nomex Honeycomb Market
Figure 7 Nomex Honeycomb Market Ranking, By Country, 2015
Figure 8 North America to Register the Highest CAGR Between 2016 and 2021
Figure 9 Attractive Opportunities in Nomex Honeycomb Market
Figure 10 Aerospace & Defense Application is Projected to Be the Fastest-Growing Application
Figure 11 North America is the Largest Market for Nomex Honeycomb, 2015
Figure 12 France to Be the Fastest-Growing Market (Ton), 20162021
Figure 13 Exterior Aerospace & Defense Application to Have the Largest Market Share (20162021)
Figure 14 Drivers, Restraints, Opportunities, and Challenges in Nomex Honeycomb Market
Figure 15 Porters Five Forces Analysis: Bargaining Power of Suppliers is Low to Moderate Owing to Low Product Differentiation
Figure 16 Interior Aerospace & Defense Application Segment to Have the Highest Growth During Forecast Period
Figure 17 Aerospace & Defense Application to Register the Highest Market Size (USD Million)
Figure 18 Demand for Nomex Honeycombs in Aerospace & Defense Application, 2016 vs 2021, (Ton)
Figure 19 Europe to Be the Fastest-Growing Market for Transportation Application, 2016 vs 2021 (USD Million)
Figure 20 Europe to Be the Fastest-Growing Market for Sporting Goods Application in Nomex Honeycomb Market During Forecast Period
Figure 21 Regional Snapshot: Rapidly Growing Markets are Emerging as New Strategic Locations (20162021)
Figure 22 U.S. is the Key Market for Nomex Honeycomb Market in North America
Figure 23 U.K. Dominates the Nomex Honeycomb Market in Europe (20162021)
Figure 24 China is the Most Lucrative Nomex Honeycomb Market in Asia-Pacific
Figure 25 Expansion is the Most Preferred Growth Strategy Adopted By Major Players Between 2011 and 2016
Figure 26 Key Growth Strategies in the Nomex Honeycomb Market, 20112016
Figure 27 Company Snapshot: Hexcel Corporation
Figure 28 Hexcel Corporation: SWOT Analysis
Figure 29 Company Snapshot: Royal Ten Cate N.V.
Figure 30 Royal Ten Cate N.V.: SWOT Analysis
Figure 31 Euro-Composites S.A.: SWOT Analysis
Growth opportunities and latent adjacency in Nomex Honeycomb Market