Russia Aramid Honeycomb Market Outlook

russia’s aramid honeycomb market has been on the rise in recent years due to the growing use of aramid honeycomb in various applications such as automotive, aerospace, and packaging. this trend is expected to continue in the near future. in terms of material, the aramid honeycomb market in russia is majorly driven by the demand for para-aramid honeycomb as it provides high strength to weight ratio and is resistant to heat, fire, abrasion, and fatigue. moreover, para-aramid honeycomb can also be laminated or bonded to other materials, which makes it useful for manufacturing complicated goods that require several layers of different material. this has further escalated the demand for aramid honeycomb in the country. on the application front, aerospace and automotive are the key impetuses for the aramid honeycomb market in russia. aramid honeycomb is broadly utilized in the making of automotive parts, such as bumpers, sidebars, exteriors, and air ducts, due to its improved strength-to-weight ratio and the superior performance characteristics offered by the material in comparison to conventional composites. in addition, in aerospace, aramid honeycomb is preferred for making aircraft and aircraft components, such as cabin interiors, onboard electronics, honeycomb core fushions and honeycomb floor tiles. the use of aramid honeycomb in aerospace significantly reduces weight thus increasing fuel efficiency. all these factors, have consequently been driving the aramid honeycomb market in russia. russia’s industry-friendly policies have further been supporting the marketspace, as aramid honeycomb has been identified as one of the key material for the country’s aerospace and automotive industries. in the wake of the breakout of the novel covid-19 virus, the aramid honeycomb market in russia was hit due to the disruption of the supply chain. to address the issue, the government of russia has implemented several support measures, such as tax breaks, loan programs, and forbearance of infrastructure investments in order to create investment into the automotive and aerospace industries. this is expected to revive the aramid honeycomb market in russia in the medium term. overall, the aramid honeycomb market in russia is poised to enjoy a positive outlook with increasing demand from the aerospace and automotive industries over the course of 2018 to 2032.