Top Emerging Trends in the Global Aluminum Honeycomb Market | Technavio

LONDON–(BUSINESS WIRE)–#Metals–Technavio’s latest market research report on the global
aluminum honeycomb market provides an analysis of the most
important trends expected to impact the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio analysts, the global aluminum honeycomb market
will grow at a CAGR of close to 6% during the forecast period.
The increasing demand from the shipping industry is a major factor
driving the market’s growth.

Maritime transport is a major contributor to the world’s economy as well
as an essential mode of transport. 90% of the world trade is carried out
by sea, and maritime transport is the most cost-effective mode of
transport of raw materials and goods. The increasing demand for aluminum
honeycomb from the shipping industry is principally due to the favorable
mechanical properties of aluminum as a material. The use of aluminum
honeycomb in ships contributes significantly in terms of lightweight,
rigidity, recyclability, non-toxicity, energy efficiency, and
insulation. For instance, the use of aluminum honeycomb in ships offers
much more rigidity than other materials used in shipping such as foam
core materials.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the
third for FREE: View
all Technavio’s current offers

In this report, Technavio highlights the increasing preference for
aluminum honeycomb materials in lightweight structures as one of the key
emerging trends driving the global aluminum honeycomb market:

Increasing preference for aluminum honeycomb
materials in lightweight structures

The increasing application of aluminum honeycomb in lightweight
structures is major trend in the global honeycomb market. It is being
used in electric, ultra-lightweight, and unmanned vehicles that are used
as a mode of transport by people to travel from one place to another.
Aluminum honeycomb is used to manufacture the floor and chassis of the
pod and usually consists of composite panels. Aluminum honeycomb offers
more strength to the entire structure of the vehicle while offering
lightweight solutions when compared to other composite panels in these
lightweight structures.

“The increasing focus on the production of electric and unmanned
vehicles owing to the increased focus on the safety of customers and
conservation of the environment is expected to drive the market of
aluminum honeycomb in lightweight structures during the forecast
period,” says a senior analyst at Technavio for research on metals
and minerals.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Global aluminum honeycomb market segmentation

This market research report segments the global aluminum honeycomb
market into the following applications (aerospace, marine, defense,
automotive, and construction) and key regions (the Americas, APAC, and
EMEA).

The aerospace segment held the largest market share in 2017, accounting
for nearly 29% of the market. The market share for this application is
expected to increase more than 1% by 2022.

APAC was the leading region for the global
aluminum honeycomb market in 2017, accounting for a market share
of 40%. By 2022, APAC is expected to witness a market growth of more
than 1%.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com