Irving, TX -- (SBWIRE) -- 09/21/2016 -- According to a new market report published by Lucintel, the future of the honeycomb core materials market looks bright with opportunities in the aerospace, defense, and marine industries. The global honeycomb core materials market is expected to reach an estimated $689 million by 2021 and is forecast to grow at a CAGR of 7.9% from 2016 to 2021. The major driver for the growth of this market is increasing demand for lightweight materials in the aerospace and defense industries.

This report has 87 figures/charts and 31 tables spread through 114 pages
http://www.lucintel.com/reports/chemical_composites/global_honeycomb_core_materials_market_2016_2021.aspx

In this market, aerospace, defense, and marine are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the aerospace segment is expected to show above average growth during the forecast period.

Within the honeycomb core materials market, the aerospace segment is expected to remain the largest application by both value and volume. Expected increasing aircraft production and increasing demand for lightweight materials in modern aircrafts to reduce the structural weight and improve fuel economy are the major driving forces that spur growth for this segment over the forecast period.

By product type, nomex honeycomb by value and aluminum honeycomb by volume is expected to remain the largest market over the forecast period due to growing demand in aerospace and defense industries.

North America is expected to remain the largest market during the forecast period due to presence of major aerospace Original Equipment Manufacturers (OEMs) and part fabricators and increasing demand for lightweight materials.

Asia Pacific is expected to witness the highest growth over the forecast period due to growth of end use industries and increasing use of lightweight materials in aerospace.

For business expansion, this report suggests innovation and new product development for achieving higher strength and stiffness, better acoustic properties, and formability in all directions.

Emerging trends, which have a direct impact on the dynamics of the industry, include the addition of a lightweight rubber membrane in honeycomb cores to reduce noise in aircraft and cost efficient production of honeycomb core with homogenous skin bonding. Hexcel, The Gill Corporation, Euro-Composites, and Plascore are among the major suppliers of honeycomb core materials.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global honeycomb core materials market by end use application, product type, and region has compiled a comprehensive research report entitled "Growth Opportunities in the Global Honeycomb Core Materials Market 2016-2021: Trends, Forecast, and Opportunity Analysis." The Lucintel report serves as a springboard for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global honeycomb core materials market by end use application, product type, and region, as follows:

By end-use application [Volume (M lbs) and Value ($ million) from 2010 to 2021]:
-Aerospace
-Defense
-Marine
-Others

By product type [Volume (M lbs) and Value ($ million) from 2010 to 2021]:
-Nomex
-Aluminum
-Others

By region [volume (M lbs) and Value ($ million) from 2010 to 2021]-
-North America
-Europe
-Asia Pacific
-Rest of the World

This 114-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites/global_honeycomb_core_materials_market_2016_2021.aspx or helpdesk@lucintel.com.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q.1. What are some of the most promising, high-growth opportunities for honeycomb core materials market by end-use application (aerospace, defense, marine, and others), product type (aluminum, nomex, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are emerging trends in this market and reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q.11.What M & A activity has occurred in the last 5 years and what has its impact been on the industry?