Non-Honeycomb Sandwich Panel Core Materials Market Thumbnail Image

2022

Non-Honeycomb Sandwich Panel Core Materials Market

Non-Honeycomb Sandwich Panel Core Materials Market Size, Share, Competitive Landscape and Trend Analysis Report, by Material and End Use : Global Opportunity Analysis and Industry Forecast, 2021-2030

MC : Advanced Materials

Select an option
Author's: Devashree Patwardhan | Eswara Prasad
Publish Date:

Get Sample to Email

The global non-honeycomb sandwich panel core materials market size valued at $0.7 billion in 2020, and is projected to reach $1.6 billion by 2030, growing at a CAGR of 7.7% from 2021 to 2030.

A sandwich composite panel is made-up of a combination of low-density core and fiber sandwich panel skins, which rises the thickness of the structure, while decreasing the overall weight. The resulting sandwich material thus displays a high specific stiffness and strength.

Non-Honeycomb-Sandwich-Panel-Core-Materials-Market-2030

Higher quality materials, fast-paced construction, quality performance delivered by non-honeycomb sandwich panels, and development of the construction market boost the growth of the market. Made in the controlled conditions with improved thermal performance, precast sandwich panels represent better solutions for construction market demands. Non-honeycomb sandwich panels offer an energy-efficient solution for construction sector and provide to the requirements of exterior membrane, thermal insulation, moisture barrier, and interior finish. Thus, investments in the non-honeycomb sandwich panels are anticipated to rise taking in account high demand for reuse of material, energy efficiency of the buildings, and environment protection. The global non-honeycomb sandwich panel core materials is majorly driven by rapid & economic construction techniques and manufacture of lightweight parts.

Low-density foam sandwich panel cores are suitable for use in large construction projects to be accomplished in a short timeframe, thus allowing monetary savings.

Furthermore, rise in demand for lightweight materials from aerospace industry has gained importance in the past few years. Sandwich materials in aerospace industry are used in various applications namely, walls, overhead bins, ceilings, aircraft cabin floor, and others. Design freedom by sandwich panels has helped drive the market. However, the high production cost of sandwich panel materials is expected to hamper the non-honeycomb sandwich panel core materials market growth. Technological advancements in the composite molding processes, specifically related to sandwich panels, are anticipated to provide numerous growth opportunities for the market players.

The non-honeycomb sandwich panel core materials market is segmented on the basis of material, end use, and region. By material, the market is segregated into foam and balsa. On the basis of end use, it is fragmented into aerospace, wind energy, marine, transportation, construction and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The non-honeycomb sandwich panel core materials market share is analyzed across all significant regions and countries.

The key players operating in the global non-honeycomb sandwich panel core materials market include, 3A Composites Mobility, ACP Composites, Inc., Armacell, CoreLite, Diab Group, Evonik Industries AG, Fiber-Tech Industries, Inc., Gurit, I-Core Composites, LLC, and Rock West Composites, Inc.

Global Non-Honeycomb Sandwich Panel Core Materials, by Material

By material, the foam segment accounted for around 70.2% of the non-honeycomb sandwich panel core materials market share in 2020 and dominated the market. Foams are available in various densities ranging from less than 30kg/m3 to more than 300kg/m3, although the most commonly used densities for composite structures ranges from 40 to 200 kg/m3. Structural use of low density foams is limited to internal-mold shapes for stringers and hat-section sandwich panels in FRP boat construction due to their brittle nature and friability. PVC, PUR, and SAN are some of the high-density foams.

Non-Honeycomb Sandwich Panel Core Materials Market
By Material
Your browser does not support the canvas element.

Foam is projected as the most lucrative segment.

Global Non-Honeycomb Sandwich Panel Core Materials Market, by End Use

On the basis of end use, the wind energy segment accounted for the largest share of revenue in 2020. The use of lightweight composite sandwich structures in wind blades is prevalent in the present scenario. However, market players have focused on advancements in these technologies to increase their market presence and develop products that use less material, become lighter, and more reliable and automated handling.

Non-Honeycomb Sandwich Panel Core Materials Market
By End Use
Your browser does not support the canvas element.

Wind Energy is projected as the most lucrative segment.

Non-Honeycomb Sandwich Panel Core Materials market, by region

By region, Asia-Pacific is a significant contributor to the global demand for non-honeycomb sandwich panel core materials. The emerging economies of the Asia-Pacific region are expected to drive the sandwich materials market during the forecast period, due to development in end-user industries. The wind energy and construction industry has experienced growth in demand toward sandwich panel materials in the Asia-Pacific regions, owing to rise in demand for green energy and increase in overall income to boost the construction materials market.

Non-Honeycomb Sandwich Panel Core Materials Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia Pacific is expected to be fastest growing region over the forecast period.

Key Benefits For Stakeholders

  • The report includes an in-depth analysis of different segments and provides non-honeycomb sandwich panel core materials market estimations between 2021 and 2030.
  • The non-honeycomb sandwich panel core materials market size is provided in terms of revenue and volume.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current non-honeycomb sandwich panel core materials market trends and future estimations from 2021 to 2030, which helps to identify the prevailing market opportunities.

Non-Honeycomb Sandwich Panel Core Materials Market Report Highlights

Aspects Details
icon_5
By Material
  • Foam
  • Balsa
icon_6
By End-Use
  • Aerospace
  • Wind energy
  • Marine
  • Transportation
  • Construction
  • Others
icon_7
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Analyst Review

According to the CXOs of the leading companies, growth in demand for lightweight & durable materials in wind energy, marine, and construction industries for structural applications drives the growth of the market. Presently, the wind energy industry dominates the sandwich panel material market. The utilization of sandwich composite panels has increased owing to their characteristics such as enhanced performance and sustainable properties. As per the CXOs, adoption of non-honeycomb core sandwich panel materials is highest in the Asia-Pacific region, due to an increase in demand from end-use industries and rise in the need for sustainability in materials.

Author Name(s) : Devashree Patwardhan | Eswara Prasad
Frequently Asked Questions?

Higher quality materials, fast-paced construction, quality performance delivered by non-honeycomb sandwich panels, and development of the construction market boost the growth of the market

The value of the non-honeycomb sandwich panel core materials market is expected to be $1.6 billion in 2030.

The key players operating in the global non-honeycomb sandwich panel core materials market include, 3A Composites Mobility, ACP Composites, Inc., Armacell, CoreLite, Diab Group, Evonik Industries AG, Fiber-Tech Industries, Inc., Gurit, I-Core Composites, LLC, and Rock West Composites, Inc.

Sandwich materials in aerospace industry are used in various applications namely, walls, overhead bins, ceilings, aircraft cabin floor, and others due to which demand for the product is expected to increase from aerospace industry.

Type, end use, and region are the segments which are covered in the report

Technological advancements in the composite molding processes, specifically related to sandwich panels, are anticipated to provide numerous growth opportunities for the market players.

Sandwich panel materials exhibit various properties such as lightweight, low density, and low cost, which make them ideal for manufacturing airplanes due to which adoption of the product is rising from aerospace industry.

During the COVID-19 pandemic, the non-honeycomb sandwich panel core materials industry was impacted in terms of distribution and logistics due to lockdown across the globe. Non-honeycomb sandwich panel core materials production and distribution came to a halt because of the economic downturn due to the pandemic

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Non-Honeycomb Sandwich Panel Core Materials Market

Global Opportunity Analysis and Industry Forecast, 2021-2030