Our latest research report entitled Tooling Composite Market (by fiber reinforcement type (carbon fiber, and glass fiber), resin type (bismaleimide (BMI), epoxy, and other resin types)) provides complete and deep insights into the market dynamics and growth of tooling composite. The latest information on market risks, industry chain structure tooling composite cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential tooling composite growth factors.
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Growing Focus on Lightweight Design by End-Use Industries is the Major Driving Factor
The usages of the composite materials range from simple households 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 the 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 the 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.
Asia-Pacific is Expected to Grow at the Highest CAGR
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.
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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.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the tooling composite.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.