Thermoplastic Honeycomb Market Growth, Share, Size 2021, Trends, Industry Analysis, Key Players, Opportunity and Forecast to 2030
Market Overview: Honeycombs are man-made structures consisting of hollow hexagonal cells arranged in a complex manner to provide the material with high strength and low density. This helps to reduce wastage of constituent materials and maximize the structure’s ability to withstand any external force. In addition to this, hexagonal structure exhibits properties such as higher out-of-plane compression and resistant to shear, which makes it applicable in key end use industries namely, aerospace, automotive, and construction. Thermoplastic material can be easily and completely recycled, which not only reduces the production cost but also mitigates the environmental concerns. Aerospace Industry in the world is set to grow at the highest CAGR on account of growing competition in space exploration sector. In addition to this, with the increasing standards of living and fast track lifestyle, people are taking up aerial modes of travel, which is anticipated to fetch maximum demand of Thermo