Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on tooling
composite market provides an in-depth analysis of segments and sub-segments in the
global as well as regional tooling composite market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and regional
tooling composite market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
tooling composite market. According to the report, the global tooling composite
market is projected to grow at a CAGR of 7.12% over the forecast period of
2019-2025.
The usages of the composite materials range from simple household
to light-to-heavy industrial purposes including oilfield applications.
Composite tools are made using similar materials and procedures as composites
production. These tools are in form of fabric and prepreg and the majority of
the manufacturers offer composite tooling in the form of prepreg in the range
of reinforcement such as carbon and glass as per the requirement. The tooling
composites in 3D printing is the latest trend for gaining momentum in the
market. 3D printing in tooling composites has brought substantial changes in
tooling composite. The rising demand from the automotive, aerospace and other
application sectors needs the fast delivery of components and the customs
building of composites. This is leading to demand for alternative methods for
faster manufacturing.
The growing focus on lightweight design by end-use industries is
the major driving factor for the tooling composite market. Furthermore, factors
such as increasing penetration of composite materials and advancement in
composite technologies such as high-pressure resin transfer molding are other
driving factors for the market growth. The demand is rising in aerospace &
defense and transportation industries with the purpose to enhance fuel
efficiency and to reduce carbon emissions. The need for lightweight parts with
higher strength in racing cars is fueling the growth of the market. However,
high susceptibility to wear and high competition from other materials is
restraining the growth of tooling composite market. Moreover, the adoption of
3d printing in composite tooling is expected to provide growth opportunities to
the market players.
Geographically, North America dominates the global tooling
composites market owing to the growing demand for the use of composites in the
aerospace, automotive, wind energy, military, and marine industries in this
region. Asia-Pacific is expected to grow at the highest CAGR in the forecasted
period due to the growing composites industry.
The report on global tooling composite market covers segments such
as fiber reinforcement type, resin type, form, and applications. On the basis
of fiber reinforcement type, the sub-markets include carbon fiber, and glass
fiber. On the basis of resin type, the sub-markets include bismaleimide (BMI),
epoxy, and other resin types. On the basis of form, the sub-markets include
fabric, and prepreg. On the basis of applications, the sub-markets include
automotive, aerospace, defense, wind energy, and other applications.
The report provides profiles of the companies in the market such
as Koninklijke Ten Cate bv, Hexcel Corporation, Gurit Holding, Airtech Advanced
Materials Group, Solvay S.A., Janicki Industries, Inc., AIP Aerospace, LLC,
Formaplex, Hydrojet, Inc., Machinists, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tooling composite market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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