Tooling composites refer to the mold or tool used as a base for manufacturing or shaping composite parts. It aids in reproducing complex structures or shapes several times. These tools are made from materials, including metals, polymers, and ceramics. The design differs from each other according to the applications. The selection of composites materials is based on various properties such as thermal expansion, desired requirement, the transition temperature of the material being molded, method of cure, and various other factors. Strong materials such as carbon fiber, ceramics, epoxies, and metals that can withstand numerous cycles are used to produce high-end tools. Tooling has been broadly utilized to shape or texture the structures for various industries including transportation, aerospace & defense, construction, wind energy, and others.
MARKET DYNAMICS
Composite materials are highly adopted by several industries attributed to their benefits, such as high performance, weight reduction, and corrosion resistance. Tooling materials employed for the fabrication of composite parts are critical elements to obtain the desired shape, efficiency, design, and mechanical performance. Growing demand from the automotive and aerospace sectors is considered as one of the major factors that fuel the market growth. Increasing demand from emerging economies and the escalating spending capacity among the end-users has led to the increasing demand for cars. The requirement for lightweight parts with high strength in racing cars is further proliferating the demand for tooling composites in the automotive industry. Moreover, low oil prices, the rise in defense budgets, and increasing demand for air travel have resulted in the growth of the aerospace industry. This subsequently led to the demand for commercial aircraft, further leading to the market expansion.
MARKET SCOPE
The "Global Tooling Composites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tooling composites market with detailed market segmentation by raw material, application and geography. The global tooling composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tooling composites market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global tooling composites market is segmented on the basis of raw material and application. On the basis of raw material, tooling composites market is classified into glass fiber, carbon fiber, epoxies, vinyl ester, polyester, and others. On the basis of application, market is segmented into aerospace, automotive, construction, wind energy, military and marine, 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 global tooling composites 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 tooling composites 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 tooling composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides 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 tooling composites market in these regions.
MARKET PLAYERS
The reports cover key developments in the tooling composites 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tooling composites market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the tooling composites market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tooling composites 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.
- Airtech Advanced Materials Group
- American Industrial Partners
- Formaplex
- Gurit
- Hexcel Corporation
- Janicki Industries, Inc.
- Koninklijke Ten Cate bv
- Sika AG
- Solvay
- TEIJIN LIMITED
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