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Global Non-Honeycomb Sandwich Panel Core Materials Market Insight March 25, 2022 Comments

The Non-Honeycomb Sandwich Panel Core Materials is forecast to steady growth over the next few years. According to WK-chem Research, “Global Non-Honeycomb Sandwich Panel Core Materials Professional Survey Report 2022, Forecast to 2027”, The Non-Honeycomb Sandwich The Panel Core Materials industry is growing rapidly driven by fast and economical construction techniques and lightweight parts manufacturing. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.6% base on WK-chem Research regression analysis model .
Analysts’ Viewpoint:
“The aerospace sector is the largest investment segment in the global non-cellular sandwich panel core market due to the demand for lightweight and sustainable materials. Construction is expected to be the No. Two lucrative segments. Hence, due to its high growth rate and considerable revenue contribution, this segment is expected to provide stakeholders with high stability and attractive return on investment. However, market players enter the market due to technological complexity The difficulty is still relatively high.” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
Market insight:
Increased investment in satellite manufacturing is favorable for the drive market, with non-honeycomb sandwich cores used to manufacture satellite panels due to its high stiffness and low weight requirements. Commercial applications have increased demand for satellite networks and services. The growing use of commercial satellite platforms for dual-use military and civilian use also presents growth opportunities. Heavy investments by venture capital firms, growing demand for low-cost small satellites, and growing demand for Earth observation applications are some of the key drivers driving the growth of the non-cellular sandwich panel core market. In addition, growth in the marine industry segment will drive the market. The marine industry is a major market for non-honeycomb sandwich panel core materials. Non-honeycomb sandwich panel cores are used in a variety of marine applications and are becoming the material of choice for critical substructures in marine trim, interiors and furniture. Rising number of recreational tourists at sea, massive expansion of maritime industry, advent of technologically advanced and highly reliable engines, economic stability, and increasing disposable income are the major factors driving the non-honeycomb sandwich panel core materials market.
However, the manufacturing cost of the non-honeycomb sandwich panel core material is high. This is why when end-use industries manufacture products based on non-honeycomb sandwich panel cores, their costs also increase. Second, the raw materials used to produce the global non-honeycomb sandwich panel cores are also expensive. These are the major restraining factors affecting the non-honeycomb sandwich panel core market in the near term.
Competition Landscape:
Technology launches, acquisitions, and R&D activities are key strategies employed by players in the Non-Honeycomb Sandwich Panel Core Market. The non-honeycomb sandwich panel core material market in 2019 has been consolidated by the top five players with xx% share. The major players in the non-honeycomb sandwich panel core material market are 3A Composites, Armacell International SA, Changzhou Tiansheng New Materials Co., Ltd., Diab Group, Euro-Compposites SA, etc. In January 2020, global advanced fabric company Low & Bonar signed a license agreement with EconCore, a leader in thermoplastic honeycomb technology, to use its non-honeycomb sandwich panel core technology. In March 2020, The EconeCore launched a recycled polyethylene terephthalate (rPET) honeycomb, which is now commercialized and available under license from EconCore. The company successfully conducted two years of research to learn how to optimally process reusable resource-based polymers into its continuously produced honeycomb cores.
Segmentation of Non-Honeycomb Sandwich Panel Core Materials Market:
The non-honeycomb sandwich panel core market is segmented by material type into foam (low density foam, high density foam), balsa wood.
Foam holds the largest share in the non-honeycomb sandwich panel core market. The material composition of the foam provides unique mechanical properties ideal for subsea applications below 700 meters. High compressive strength, high buoyancy per kilogram and low water absorption make the foam ideal for subsea applications where high performance and long life are required. The special formulation of the material can also meet extreme requirements regarding temperature or fire resistance. The foam is formulated to meet specific depth and buoyancy requirements down to 10,000 meters. Foams can be used in block, semi-finished, printed or finished products such as low drag buoys, modular buoyancy and any type of umbilical system as well as well protection structures.
The non-honeycomb sandwich panel core material market is segmented by application into marine trim and interiors, furniture, aircraft engines, wind turbine blades, anisotropy, air conditioning systems, and others. In terms of application, the aircraft engine segment holds the largest share of the non-honeycomb sandwich panel core market. For example, non-honeycomb sandwich panel cores may be 40 times stronger than laminates in some cases and generally offer a better weight-to-strength ratio. Furthermore, the load carrying and load transfer in honeycombs is much greater than in laminates. Therefore, the non-honeycomb sandwich panel core material is suitable for the manufacture of aircraft engines. The increase in replacement of aging aircraft has led to an increase in the manufacture of new aircraft, which in turn is expected to drive the growth of the market. The market is expected to witness growing demand for lightweight materials to enhance the cost-effectiveness and environmental performance of aircraft. As a result, high-strength, lightweight fiber-reinforced composites are increasingly important in aircraft construction to improve fuel efficiency, reduce emissions and reduce material usage, allowing new features to be installed. This will spawn the non-honeycomb sandwich panel core market over the forecast period.
Non-Honeycomb Sandwich Panel Core Materials Market: Regional Analysis:
On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominates the non-honeycomb sandwich panel core market, followed by North America and Europe. The economies of the Asia-Pacific region are mainly influenced by the economic dynamics of countries such as China and India, but the current situation is changing with the increasing foreign direct investment in the economic development of Southeast Asia. Southeast Asian countries are witnessing high growth in the aerospace industry. The increase in replacement of aging aircraft has led to an increase in the manufacture of new aircraft, which in turn is expected to drive the growth of the market. The market is expected to witness growing demand for lightweight materials to enhance the cost-effectiveness and environmental performance of aircraft. High-strength non-honeycomb sandwich panel cores are increasingly important in aircraft manufacturing due to improved fuel efficiency, reduced emissions and material reduction.
Cagr: 5.6%

Largest share area: Asia Pacific
Largest share country: China
Product Type (by material): Foam (Low Density Foam, High Density Foam), Balsa
Application: Marine decoration and interiors, furniture, aircraft engines, wind turbine blades, anisotropy, air conditioning systems, etc.
Leading Company: 3A Composites, Armacell International SA, Changzhou Tiansheng New Materials Co., Ltd., Diab Group, Euro-Compposites SA