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<strong>Honeycomb</strong> <strong>Sandwich</strong> <strong>Material</strong> <strong>Market</strong> - Introduction<br />
<strong>Honeycomb</strong> <strong>Sandwich</strong> <strong>Material</strong>s <strong>Market</strong> report by Allied <strong>Market</strong> Research, The honeycomb<br />
sandwich materials market is expected to reach $760.1 million by 2022, registering a CAGR of<br />
10.0% during 2016 and 2022.<br />
The global demand for honeycomb sandwich materials has gained traction owing to its superior<br />
mechanical performance and lightweight property. Among the type of materials used for<br />
honeycomb structures, aluminum segment accounted for over one-third of the overall market in<br />
2015, owing to its low cost and high tensile strength.<br />
<strong>Honeycomb</strong> sandwich is used specifically in applications that involve high strength-to-weight<br />
ratio, high stiffness-to-weight ratio, and corrosion resistance. These materials are applicable in<br />
aerospace & aircraft, automotive, satellites, trains, and others including clean room industry and<br />
marine sectors. In the year 2015, the honeycomb sandwich materials market witnessed<br />
significant growth and is expected to maintain this trend during the forecast period due to its<br />
growing demand in the aforementioned industries. The key factors that drive the honeycomb<br />
market are increase in production of aircrafts and heavy investments in satellite manufacturing<br />
globally.<br />
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