India Aramid Honeycomb Market Outlook

india is one of the leading countries in the world in terms of production and consumption of aramid honeycomb used for different applications. it is a lightweight yet robust and cost-effective material suited for high-performance structural applications. the aramid honeycomb material is expected to witness strong growth despite the availability of numerous basic honeycomb materials in the country. aramid honeycomb is expected to become the preferred honeycomb material in india for multiple applications due to its excellent strength-to-weight ratio, coefficient of friction reduction, and dimensional stability. indian manufacturers are now producing sample sizes of this unique material for various applications. the increasing demand for lightweight yet robust and cost-effective materials in the automobile industry is one of the prime drivers for increases in the use of aramid honeycomb in india. the increased use of carbon and mobile phones and tablets is also expected to be a major driver of growth in demand for honeycomb materials. the aerospace and defense sector is expected to be the major user of aramid honeycomb in india, especially for aircraft components and defense components. the indian aramid honeycomb market is anticipated to grow at a cagr of over 8.5% during 2018 to 2032, driven by the increasing demand from the transportation sector, industrial packaging, and consumer electronics. the aramid honeycomb material is also seen to be gaining credibility in the building and construction sector due to its lightweight yet sturdy properties. the environmental factors are also expected to be a determinant for the growth in the aramid honeycomb market. manufacturers in india are seeking to embrace sustainable and eco-friendly practices in production and have set targets to eliminate voc emissions and oil usage in the production process. the government of india, in partnership with various manufacturers, is adapting a policy of ‘make in india’ to increase the local production of aramid honeycomb materials, which is likely to drive the overall market growth in the coming years. the increasing demand of lightweight yet robust and cost-effective materials in the automobile and aircraft industry are expected to drive growth in demand of the aramid honeycomb market in india from 2018 to 2032. the growing use of honeycomb materials in various industrial packaging applications is expected to be a major driver of market growth. the government’s ‘make in india’ policy and manufacturers’ commitment to sustainable and eco-friendly production practices are expected to give impetus to the growth of the aramid honeycomb market in india.