Market Overview:
The global tooling composite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable composites in transportation, marine, wind energy, and aerospace applications. In terms of type, epoxy resin is expected to lead the global tooling composite market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and resistance against corrosion.
Product Definition:
Tooling Composite is a material made up of two or more materials, which are combined to create a single product. The purpose of Tooling Composite is to improve the overall properties of the material, while maintaining its structural integrity. It can be used in a variety of applications, including aerospace and automotive manufacturing.
Epoxy Resin:
Epoxy resin is a thermosetting polymer, which contains an epoxide group. It is manufactured by the catalytic oxidation of ethylene oxide in the presence of alkali catalyst and it has high molecular weight. Epoxy resins are used as adhesives for polyurethanes, composites and plastics; as binders for abrasive grains in manufacturing rubber products; as binders for metal powders during compounding; and to produce floor polish coatings.
BMI:
BMI is a tooling composite that helps to control shrinkage during the curing process of thermoplastics. It also helps in maintaining uniformity and consistency in the final product. The most common types of thermoplastics used for tooling are polycarbonate, nylon, styrene-butadiene rubber (SBR), polyethylene terephthalate (PET), and acrylonitrile butadiene styrene (ABS).
Application Insights:
The automotive and transportation application segment accounted for the largest revenue share of over 30% in 2017. The demand is expected to be driven by growing vehicle production across the globe coupled with rising consumer preference for vehicles having complex shapes. Rising use of lightweight materials in automobiles, such as aluminum and magnesium, is also likely to fuel the demand over the forecast period.
Tooling composites are used in a wide range of applications including body structure & panels, hoods & roofs, fenders & doors (excluding power trains), lighting systems/electrical components/hydraulic systems (excluding power trains), underbody space frame components and suspension system among others. Growing use of plastics in automobile manufacturing owing to their low cost compared to metals is also anticipated to have a positive impact on market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing automotive production in China and India. In 2017, Asia Pacific accounted for a share of 29% in terms of volume and is likely to grow at a CAGR of XX% from 2018 to 2030.
The market in Europe was valued at USD X million in 2017 and is projected to witness moderate growth over the forecast period owing to stringent government regulations regarding fuel emissions coupled with growing demand for environment-friendly vehicles on account of rising consumer disposable income levels especially in Germany, France, Italy, Spain among other European countries are anticipated favorably impact industry dynamics positively over the next eight years.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing automotive industry in developing countries
- Rising demand for advanced composites in aerospace and defense sectors
- Technological advancements in tooling composite manufacturing processes
- Growing popularity of composite materials among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Tooling Composite Market Research Report
By Type
Epoxy Resin, BMI, Others
By Application
Transportation, Marine, Wind Energy, Aerospace, Other
By Companies
Cytec, Hexcel, TenCate, Sika AG, Airtech International, Gurit, Teijin, PRF Composite Materials, SGL Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Tooling Composite Market Report Segments:
The global Tooling Composite market is segmented on the basis of:
Types
Epoxy Resin, BMI, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Marine, Wind Energy, Aerospace, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cytec
- Hexcel
- TenCate
- Sika AG
- Airtech International
- Gurit
- Teijin
- PRF Composite Materials
- SGL Group
Highlights of The Tooling Composite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy Resin
- BMI
- Others
- By Application:
- Transportation
- Marine
- Wind Energy
- Aerospace
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tooling Composite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tooling Composite is a composite material that is made up of two or more materials. The most common type of tooling composite is made up of plastic and metal.
Some of the major companies in the tooling composite market are Cytec, Hexcel, TenCate, Sika AG, Airtech International, Gurit, Teijin, PRF Composite Materials, SGL Group.
The tooling composite market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tooling Composite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tooling Composite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tooling Composite Market - Supply Chain
4.5. Global Tooling Composite Market Forecast
4.5.1. Tooling Composite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tooling Composite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tooling Composite Market Absolute $ Opportunity
5. Global Tooling Composite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tooling Composite Market Size and Volume Forecast by Type
5.3.1. Epoxy Resin
5.3.2. BMI
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tooling Composite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tooling Composite Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. Marine
6.3.3. Wind Energy
6.3.4. Aerospace
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tooling Composite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tooling Composite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tooling Composite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tooling Composite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tooling Composite Demand Share Forecast, 2019-2026
9. North America Tooling Composite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tooling Composite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tooling Composite Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. Marine
9.4.3. Wind Energy
9.4.4. Aerospace
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tooling Composite Market Size and Volume Forecast by Type
9.7.1. Epoxy Resin
9.7.2. BMI
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tooling Composite Demand Share Forecast, 2019-2026
10. Latin America Tooling Composite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tooling Composite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tooling Composite Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. Marine
10.4.3. Wind Energy
10.4.4. Aerospace
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tooling Composite Market Size and Volume Forecast by Type
10.7.1. Epoxy Resin
10.7.2. BMI
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tooling Composite Demand Share Forecast, 2019-2026
11. Europe Tooling Composite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tooling Composite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tooling Composite Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. Marine
11.4.3. Wind Energy
11.4.4. Aerospace
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tooling Composite Market Size and Volume Forecast by Type
11.7.1. Epoxy Resin
11.7.2. BMI
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tooling Composite Demand Share, 2019-2026
12. Asia Pacific Tooling Composite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tooling Composite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tooling Composite Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. Marine
12.4.3. Wind Energy
12.4.4. Aerospace
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tooling Composite Market Size and Volume Forecast by Type
12.7.1. Epoxy Resin
12.7.2. BMI
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tooling Composite Demand Share, 2019-2026
13. Middle East & Africa Tooling Composite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tooling Composite Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tooling Composite Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. Marine
13.4.3. Wind Energy
13.4.4. Aerospace
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tooling Composite Market Size and Volume Forecast by Type
13.7.1. Epoxy Resin
13.7.2. BMI
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tooling Composite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tooling Composite Market: Market Share Analysis
14.2. Tooling Composite Distributors and Customers
14.3. Tooling Composite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cytec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hexcel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TenCate
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sika AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Airtech International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gurit
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teijin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PRF Composite Materials
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SGL Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook