The future of composite materials in the tooling market looks promising with opportunities in the wind energy, automotive, aerospace, marine, consumer goods, and construction industry. Composite materials in the tooling market are forecast to grow at a CAGR of 5.2% from 2020 to 2025. The major drivers for this market increase in demand for lightweight tools, decrease in lead time for part manufacturing, and increasing penetration of composite tooling in various end-use industries.
An emerging trend, which has a direct impact on the dynamics of composites materials in the tooling industry, includes increased use of metal/composites combination materials for tooling.
A total of 82 figures/charts and 58 tables are provided in this 150-page report to help in your business decision.
The study includes the composites materials in tooling market size and forecast of composite materials in the tooling market through 2025, segmented by application, raw material, material form, and the region as follows:
Composite Materials in the Tooling Market by Application [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Transportation
- Marine
- Wind Energy
- Aerospace
- Construction
- Consumer Goods
- Others
Composite Materials in the Tooling Market by Raw Material Type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Glass Fiber
- Carbon Fiber
- Epoxy Resin
- BMI Resin
- Others
Composite Materials in the Tooling Market by Material Form [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Fabric
- Prepreg
Composite Materials in the Tooling Market by Region [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- North America
- Europe
- Asia Pacific
- ROW
Some of the composite materials of tooling companies profiled in this report include Gurit, Solvey cytec, Hexcel Corporation, Airtech Advanced Materials Group, and Toray and others.
On the basis of its comprehensive research, the analyst forecasts that the glass fiber-based composites tools will remain the largest material segment and it is also expected to witness the highest growth over the forecast period.
Within this market, wind energy will remain the largest application for the composites tools market due to increasing wind MW installation in the US and Asia Pacific region and an increase in the length of the blade. Composite tools for aerospace application is expected to witness the highest growth over the forecast period. Composite tools provide lightweight, dimensionally accurate, and affordable tooling for various applications in aerospace, such as primary and secondary structure.
North America will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth in wind energy, aerospace, and marine industry.
Some of the features of “Composites Materials in Tooling Market Report: Trends, Forecast, and Competitive Analysis” include:
- Market size estimates: Composites materials in tooling market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
- Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, and end-use industry.
- Segmentation analysis: Composites materials in tooling market size by various applications such as application, raw material, and material form type in terms of value and volume shipment.
- Regional analysis: Composites materials in tooling market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of composites materials in the tooling market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of composites materials in the tooling market.
- Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q1. What are some of the most promising, high-growth areas of composite materials in the tooling market by application (transportation, marine, wind energy, aerospace, construction, consumer goods, and others), raw material (glass fiber, carbon fiber, epoxy, BMI, and others), material form (fabric and prepreg), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q2. Which application segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the drivers and challenges of composite materials in the tooling market?
Q5. What are the business risks and competitive threats of composite materials in the tooling market?
Q6. What are the emerging trends of composite materials in the tooling market and the reasons behind them?
Q7. What are some changing demands of customers of composite materials in the tooling market?
Q8. What are the new developments of composite materials in the tooling market and which companies are leading these developments?
Q9. Who are the major players of composite materials in the tooling market? What strategic initiatives are being implemented by key players for business growth?
Q10. What are some of the competitive products of composite materials in the tooling market and how great of a threat do they pose for loss of market share through product substitution?
Q11. What M&A activities have transpired in the last 5 years of composite materials in the tooling market and how have they affected the industry?
Table of Contents
1. Executive Summary
Companies Mentioned
A selection of companies mentioned in this report includes:
- Airtech Advanced Materials Group
- Cytec Solvay Group
- Hexcel Corporation
- Toray Industries Inc.
- Trelleborg AB
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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