Market snapshot.
The honeycomb fabrics market size and share is expected to reach approximately USD 1 billion in 2023, growing at a CAGR of around 9% during the forecast period. Furthermore, according to the global honeycomb fabrics market study, it is expected to reach around USD 4 billion by 2035.
Study location.
North America (USA and Canada), Latin America (Brazil, Mexico, Argentina and other Latin American countries), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg), NORDIC (Finland-Sweden-. Norway – Denmark – Ireland – Switzerland – Austria/Poland/Turkey/Russia/other parts of Europe), Asia-Pacific (China, India, Japan, Korea, Singapore, Indonesia and Malaysia), Australia, New Zealand and other Asia-Pacific regions), Middle East – Africa (Israel – GCC (Saudi Arabia – United Arab Emirates – Bahrain – Kuwait – Qatar – Oman).
Market overview.
Honeycomb fabric, also known as hexagonal fabric, is a textile material made by weaving or knitting yarns. This fabric is widely known as beehive fabric because the intertwining pattern of the hexagonal lattice resembles a beehive. The fabric can be made from a variety of materials, including cotton, polyester, nylon and wool. According to our research, increasing demand for vehicles, especially fuel-efficient vehicles, is a major factor leading to the growth of the honeycomb fabrics market. The FIA Foundation, the International Energy Agency, the International Transport Forum and the United Nations Environment Programme have announced a collaboration to develop the Global Fuel Efficiency Campaign (GFEI), a global campaign to improve vehicle economy. It also aims to improve average fuel efficiency by 50% by 2050 and reduce fuel consumption per kilometre globally. Such a programme could increase the production of more fuel-efficient vehicles.
Key trends in the honeycomb fabric market
In January 2022, Coulisse announced the launch of a new 3/4-inch honeycomb collection. This is designed to meet the requirements of the US construction industry.
In August 2022, Alstone announced the launch of an innovative honeycomb material called Alstone Alcom. This promising product is 100% recyclable, with features such as soundproofing, lightweight and Class A2 fire protection.
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