Product Code: PM3674
The global honeycomb board market size is expected to reach USD 5,123.21 million by 2032, according to a new study by Polaris Market Research. The report "Honeycomb Board Market Share, Size, Trends, Industry Analysis Report, By Material (Metal Honeycomb Boards and Non-metal Honeycomb Boards); By Type; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing product utilization in the packaging industry due to their lightweight, high strength, and excellent cushioning properties and continuous rise in e-commerce and online shopping trend across the globe fueling the need for protective packaging solutions and boosting the demand for honeycomb boards at an exponential rate. Product demand has gained significant traction due to the growing emphasis on reducing vehicle weight to enhance or improve fuel efficiency among automobile industry players.
In addition, the rising penetration of technological advancements in honeycomb board manufacturing processes, such as improved bonding techniques, enhanced strength properties, and customization options, that have made them more versatile and attractive to various industries, is contributing positively towards the market's growth. For instance, in June 2023, The Gill Corporation introduced its new product named Gillfab 4037 sandwich panel, made of fiberglass cloth laminate facings and aluminum honeycomb core. The product is mainly designed with lightweight and high-strength materials and has good corrosion resistance and self-extinguishing characteristics.
In recent years, manufacturers have been extensively focusing on developing new techniques, such as advanced bonding techniques that enhance the strength and durability of honeycomb boards, as these techniques include using high-performance adhesives, thermoplastic bonding, and thermoforming processes while ensuring better adhesion between the honeycomb core and the facing materials, thereby gaining huge traction and creating huge growth potential for the players operating in the market.
In addition, the growing popularity and proliferation of greener business practices across the globe, which mainly aimed at helping customers to reduce their carbon footprint, as an increasing number of customers globally prefer organizations that focus on embracing corporate sustainability and who are seeking options to deliver sustainable and eco-friendly solutions to customers.
Honeycomb Board Market Report Highlights
Metal honeycomb boards segment accounted for largest market share in 2022, on account of its structural integrity, high load-bearing capacity, and better resistance to compression
Reinforced segment is expected to hold substantial market share in 2022, mainly due to continuously growing technological advancements in production processes of reinforced boards
Automotive segment is projected to be the fastest growing segment during the forecast period, mainly driven by rising focus on automobile manufacturers towards reducing their vehicles weight and emissions
Asia Pacific region dominated the global market with largest share in 2022, owing to significant growth in product demand from packaging sector and emergence of several e-commerce platforms
The global key market players include: Sonoco Products, Europanel Products, Honicel Honeycomb Technology, Kernow Coatings, Plascore Incorporated, and Greencore Packaging
Polaris Market Research has segmented the honeycomb board market report based on material, type, end-use, and region:
Honeycomb Board, Material Outlook (Revenue - USD Million, 2019 - 2032)
- Metal Honeycomb Board
- Non-metal Honeycomb Board
Honeycomb Board, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Reinforced
- Non-reinforced
Honeycomb Board, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
- Aerospace
- Automotive
- Marine
- Construction
- Packaging
- Others
Honeycomb Board, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Honeycomb Board Market Insights
- 4.1. Honeycomb Board Market - End-Use Snapshot
- 4.2. Honeycomb Board Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising awareness about environmental issues
- 4.2.1.2. Lightweight and High Strength
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited Fire Resistance
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Honeycomb Board Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Honeycomb Board Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 5.3. Metal Honeycomb Boards
- 5.3.1. Global Honeycomb Board Market, by Metal Honeycomb Boards, by Region, 2019-2032 (USD Million)
- 5.4. Non-metal Honeycomb Boards
- 5.4.1. Global Honeycomb Board Market, by Non-metal Honeycomb Boards, by Region, 2019-2032 (USD Million)
6. Global Honeycomb Board Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 6.3. Reinforced
- 6.3.1. Global Honeycomb Board Market, by Reinforced, by Region, 2019-2032 (USD Million)
- 6.4. Non-reinforced
- 6.4.1. Global Honeycomb Board Market, by Non-reinforced, by Region, 2019-2032 (USD Million)
7. Global Honeycomb Board Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 7.3. Aerospace
- 7.3.1. Global Honeycomb Board Market, by Aerospace, By Region, 2019-2032 (USD Million)
- 7.3.2. Automotive
- 7.3.2.1. Global Honeycomb Board Market, by Automotive, By Region, 2019-2032 (USD Million)
- 7.3.3. Marine
- 7.3.3.1. Global Honeycomb Board Market, by Marine, By Region, 2019-2032 (USD Million)
- 7.3.4. Construction
- 7.3.4.1. Global Honeycomb Board Market, by Construction, By Region, 2019-2032 (USD Million)
- 7.4. Packaging
- 7.4.1. Global Honeycomb Board Market, by Packaging, By Region, 2019-2032 (USD Million)
- 7.5. Others
- 7.5.1. Global Honeycomb Board Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Honeycomb Board Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Honeycomb Board Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Honeycomb Board Market - North America
- 8.3.1. North America: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.3.2. North America: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.3.3. North America: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.3.4. Honeycomb Board Market - U.S.
- 8.3.4.1. U.S.: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.3.5. Honeycomb Board Market - Canada
- 8.3.5.1. Canada: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4. Honeycomb Board Market - Europe
- 8.4.1. Europe: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.2. Europe.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.3. Europe: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.4. Honeycomb Board Market - UK
- 8.4.4.1. UK: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.4.3. UK: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.5. Honeycomb Board Market - France
- 8.4.5.1. France: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.5.2. France.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.5.3. France: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.6. Honeycomb Board Market - Germany
- 8.4.6.1. Germany: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.7. Honeycomb Board Market - Italy
- 8.4.7.1. Italy: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.8. Honeycomb Board Market - Spain
- 8.4.8.1. Spain: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.9. Honeycomb Board Market - Netherlands
- 8.4.9.1. Netherlands: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.4.10. Honeycomb Board Market - Russia
- 8.4.10.1. Russia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5. Honeycomb Board Market - Asia Pacific
- 8.5.1. Asia Pacific: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.4. Honeycomb Board Market - China
- 8.5.4.1. China: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.4.2. China.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.4.3. China: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.5. Honeycomb Board Market - India
- 8.5.5.1. India: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.5.2. India.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.5.3. India: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.6. Honeycomb Board Market - Malaysia
- 8.5.6.1. Malaysia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.7. Honeycomb Board Market - Japan
- 8.5.7.1. Japan: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.8. Honeycomb Board Market - Indonesia
- 8.5.8.1. Indonesia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.5.9. Honeycomb Board Market - South Korea
- 8.5.9.1. South Korea: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.6. Honeycomb Board Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.6.4. Honeycomb Board Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.6.5. Honeycomb Board Market - UAE
- 8.6.5.1. UAE: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.6.6. Honeycomb Board Market - Israel
- 8.6.6.1. Israel: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.6.7. Honeycomb Board Market - South Africa
- 8.6.7.1. South Africa: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.7. Honeycomb Board Market - Latin America
- 8.7.1. Latin America: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.7.3. Latin America: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.7.4. Honeycomb Board Market - Mexico
- 8.7.4.1. Mexico: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.7.5. Honeycomb Board Market - Brazil
- 8.7.5.1. Brazil: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
- 8.7.6. Honeycomb Board Market - Argentina
- 8.7.6.1. Argentina: Honeycomb Board Market, by Material, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Honeycomb Board Market, by End-Use, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Honeycomb Board Market, by Type, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Crown Holdings Inc
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Europanel Products Pvt. Ltd
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Falconboard
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Greencore Packaging
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Guangdong Meiyan Jixiang Hygiene Material Co. Ltd
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Hexcel Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Honicel Honeycomb Technology
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Kernow Coatings
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. LSquare Eco Products Pvt. Ltd
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Packaging Corporation of America
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Plascore Incorporated
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Sonoco Products
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Tricel Honeycomb Corporation
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development