Nomex honeycomb market in the Aerospace & Defense application is expected to witness the highest CAGR by 2021
The global Nomex honeycomb market is estimated to grow from USD 237.1 million in 2015 to USD 383.3 million by 2021, at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021. The increase in the demand for Nomex honeycomb from aerospace & defense applications is driving the market. Nomex honeycomb have high demand in the aerospace & defense application because of their properties such as mechanical strength, light weight, and favorable thermal performance. The global Nomex honeycomb market is estimated to grow from USD 237.1 million in 2015 to USD 383.3 million by 2021, at a compound annual growth rate (CAGR) of 8.51% between 2016 and 2021 . Download PDF @ https://bit.ly/2tkfWm1 The aerospace & defense application has the largest market share in the Nomex honeycomb market globally and this is expected to continue so during the forecast period. As aircrafts, missiles, and helicopter components requires thermally stable, high strength, and corr...