PUBLISHER: SkyQuest | PRODUCT CODE: 1448369
PUBLISHER: SkyQuest | PRODUCT CODE: 1448369
Global Tooling Board Market Size, Share, Growth Analysis, By Product(Polyurethane, Epoxy), By Application(Aerospace and defense, Automotive) - Industry Forecast 2024-2031
Global Tooling Board Market size was valued at USD 11.25 billion in 2022 and is poised to grow from USD 11.7 billion in 2023 to USD 16.01 billion by 2031, growing at a CAGR of 4% during the forecast period (2024-2031).
The anticipated growth in the aerospace, defense, transportation, and construction sectors is being fueled by a rising demand for prototypes, with tooling boards, often referred to as slabs, emerging as crucial machinable and modeling materials. These boards, primarily composed of polyurethane and epoxy, exhibit low density alongside remarkable dimensional stability. In applications such as master models, jigs, fixtures, molds, patterns, and prototype modeling, polyurethane (PU) and epoxy tooling products are gradually replacing traditional metal and wood materials. In the North American market, the United States is poised to achieve the highest compound annual growth rate (CAGR) of 3.7% in revenue over the projected period, driven by increased expenditures in the aerospace and defense sector, the integration of advanced technology vehicles, and the surge in research and development for efficient electric vehicles. Simultaneously, global automotive enterprises are focusing on enhancing their capabilities through the integration of technologically advanced machinery and tools, catering to diverse automotive segments that require varied model construction before implementation. Moreover, industries like marine are expected to ramp up production efforts in response to increased activities in oil and gas transportation.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Tooling Board Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Tooling Board Market Segmental Analysis
The global tooling board market is segmented on the basis of application, product, region. By product, the market is segmented into polyurethane, epoxy, and others. By application, the market is segmented into aerospace and defense, automotive, marine, wind energy, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Drivers of the Global Tooling Board Market
The tooling board market is experiencing notable growth due to the rising demand for prototypes in various sectors such as aerospace, defense, and automotive. These boards play a crucial role in prototype production, contributing to a heightened market demand.
Restraints in the Global Tooling Board Market
Some particular applications may necessitate characteristics that tooling boards do not offer optimally, such as exceptional resistance to high temperatures or distinctive chemical compatibility.
Market Trends of the Global Tooling Board Market
The increasing emphasis on lightweighting in various industries is prompting a move towards the usage of lower density polyurethane and epoxy tooling boards. This shift is driven by the goal of achieving cost savings and improving overall productivity.
Table of Contents
Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Global Tooling Board Market by Product
- Market Overview
- Polyurethane
- Epoxy
- Others
Global Tooling Board Market by Application
- Market Overview
- Aerospace and defense
- Automotive
- Marine
- Wind Energy
- Others
Global Tooling Board Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
- By Development
- By Company
- By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Huntsman Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Trelleborg AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Sika AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- General Plastics Manufacturing Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Axson Technologies (now part of Sika AG)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Alro Steel Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Coastal Enterprises Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- RAMPF Group, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- CMT Materials, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Alchemie Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Carbon-Core Corp.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- REN Shape Solutions (part of Avient Corporation)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Urethane Services, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Technifoam
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Jinan Chenghao Technology Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- OBO-Werke GmbH & Co. KG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- BCC Products, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Tekcast Industries
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Argosy International Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Northern Composites
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
