MARKET OVERVIEW
Composite tooling refers to using composites as raw materials in engineering tools that are used for manufacturing new parts or product components. Composite materials are increasingly used in various industries, including aerospace, automotive, wind energy, and sporting goods, due to their high strength-to-weight ratio, durability, and resistance to corrosion and temperature. The composite tooling market is expected to grow in the coming years as demand for composite materials in these industries continues to increase and new applications for composite tooling are being developed.
MARKET DYNAMICS
The composite tooling market is growing at a significant pace owing to driving factors such as increasing demand for lightweight parts across industries such as automotive and aerospace. Hence, it is likely to drive the demand for composite tooling in the coming years. Carbon fiber composite tools make it easier to design complex composite shapes. Predominantly, competition with other materials could create some hindrance in the market. However, the emergence of 3D printed tools will provide opportunities for the composite tooling market.
MARKET SCOPE
The "Composite Tooling Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the composite tooling market with detailed market segmentation by fiber type, resin type, application, and region. The composite tooling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composite tooling market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The composite tooling market is segmented based on fiber type, resin type, and application. On the basis of fiber type, the composite tooling market is segmented into carbon, glass, and others. Based on resin type, the composite tooling market is segmented into epoxy, BMI, and others. On the basis of application, the composite tooling market is segmented into aerospace, defense, wind, and automotive, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the composite tooling market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The composite tooling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composite tooling market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social and technological factors affecting the composite tooling market in these regions.
MARKET PLAYERS
The reports cover key developments in the composite tooling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from the composite tooling market are anticipated to have lucrative growth opportunities in the future with the rising demand for composite tooling in the global market. Below mentioned is the list of few companies engaged in the composite tooling market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composite tooling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Gurit Holding AG
- Toray advanced composites
- Hexcel Corporation
- Airtech Advanced Materials Group
- Solvay S.A. (Cytec Industries, Inc.)
- Janicki Industries, Inc.
- Formaplex
- Hydrojet, Inc.
- Machinists, Inc.
- AIP Aerospace, LLC