Stainless Steel Honeycomb Core Market Scale Growth
It is predicted that the global stainless steel honeycomb core market will reach about US$1 billion in 2025, with a compound annual growth rate of 9% from 2020 to 2025.
Stainless steel honeycomb core has excellent moisture resistance and corrosion resistance, thermal and sound insulation properties, impact resistance and other properties, can be widely used in different industries, such as aviation, energy, automobiles, railways, doors and ground, as well as for traditional Interior decoration of furniture or designer furniture. Due to growing industry demand, the demand for stainless steel honeycomb cores is also growing.
Globally, the Asia-Pacific region dominated the stainless steel honeycomb core market with an increase of more than 35%, followed by Europe and Asia-Pacific. Growth in end-use industries such as construction, oil and gas, healthcare, manufacturing, and marine presents ample growth opportunities for the stainless steel honeycomb core market in Asia Pacific. In addition, emerging countries such as China and India have a large customer base, and the growth of construction and construction activities in both countries has also contributed to the growth of the stainless steel honeycomb core market share in the Asia-Pacific region. For example, the Civil Aviation Administration of China (CAAC) plans to build an additional 215 airports, reaching a target of 450 airports by 2035.
