The global nomex honeycomb market is projected 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. This high growth is attributed to increasing use of Nomex honeycomb in the aerospace & defense application. Nomex honeycomb provides additional strength to the components.
Complete report on Nomex Honeycomb market spread across 174 pages, profiling 11 companies and supported with 60 tables and 80 figures is now available at http://www.rnrmarketresearch.com/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-market-report.html .
The aerospace & defense application accounts for the largest share of the Nomex honeycomb market. Nomex honeycomb are lightweight and provide additional strength to components and are, hence, suitable for use in aerospace & defense application. Composite structures are designed to survive extreme operating conditions such as high stress, shock and impact loads. These requirements of complex aerospace structures are fulfilled by Nomex honeycomb. Nomex honeycomb also provide the advantages of negligible maintaining costs as they are corrosion resistant, thus saving maintenance costs and increasing average lifespan.
North America dominated the Nomex honeycomb market followed by Europe. North America has some of the major aerospace & defense component and part manufacturing companies that use Nomex honeycomb as their core material. The U.S is expected to have the largest market share in the North American region due to its growing aerospace and defense industry in the region.
The various key players profiled in the report such as Hexcel Corporation (U.S), Royal Ten Cate N.V (Netherlands), Euro-Composites (Luxembourg), Plascore Inc. (U.S), The Gill Corporation (U.S) and Advanced Honeycomb Technologies (U.S). Ask for a discount before order a copy of 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 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=527882 .
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted as follows:-
By Company Type: Tier 1 (70%), Tier 2 (25%) and Tier 3 (5%).
By Designation: C-level (31%), Director Level (23%)and others (46%)
By Region: North America (65%), Europe (24%), APAC (9%), and RoW (2%).
Nomex honeycomb are finding its usage in emerging applications such as sporting goods, electricals. It is used as core materials in skis, snowboards, heating, air conditioning, and ventilation equipment.
On a related note, another research on Aramid Fiber Market Global Trends & Forecasts to 2021 says, the market size of aramid fiber is estimated to have been USD 2.99 billion in 2015 and is projected to reach USD 5.07 billion by 2021, registering a CAGR of 8.9% between 2016 and 2021. The market is largely driven by the increased demand from end-use industries. In addition, the rising concern for the safety of the industrial workers increases the demand for aramid fiber, globally. Companies like E.I. du Pont de Nemours & Co. (U.S.), Tejin Limited (Japan), Yantai Tayho Advanced Materials Co. (China), Toray Chemical Korea Inc. (South Korea), Hyosung Corporation (South Korea), Kolon Industries Inc. (South Korea), Huvis Corporation (South Korea), Kermel (France), China National Bluestar Co, Ltd. (China), and SRO Aramid Co. Ltd. (China) have been profiled in this 152 pages research report available at http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html .
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