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  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

  Thermoplastic Honeycomb Market – Competitive Landscape The thermoplastic honeycomb market is hugely fragmented and competitive owing to the presence of several big and small players. The market is volumetric and favors economies of scale over scope. Thus, large manufacturers can remain competitive, owing to the large purchase of stock material. The shortage of stock material and the periodic swings in the cost of raw material is having an adverse effect on the thermoplastic honeycomb industry. Thermoplastic honeycomb market manufacturers employ vendor management and client relationship strategies to generate a stable revenue and avoid loss of large clients. Companies are also pursuing raw material suppliers who can adapt to the changing demands of the industry. The companies are developing global sourcing and network strategies that guarantee uniform raw material specifications. Companies are closely aligning with automobile manufacturers to develop customized products having d