© 2017 Global Market Insights, Inc. USA. All Rights Reserved Tooling Board Market Is Predicted To Witness A Massive Growth From 2017 To 2024

Global Market Scenario of Tooling Board Market © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Tooling Board Market size may register significant gains over the forecast period owing to positive application scope in transportation, wind energy and marine industries. They are useful for creating prototypes, patterns, models, durable and reusable tools, which are used in automotive and motor sport sectors.  Strong application outlook in modelling and prototyping in automotive industries along with superior properties such as low density and high dimensional stability will stimulate PU tooling board market size. Global polyurethane market size was valued at over USD 45 billion in 2016 and may surpass USD 90 billion by 2024, registering over 5.5% growth. They are lightweight and can be glued together for bigger size models.  Increased product usage in CNC machined molds and plugs in composites industry along with shift in trend towards usage of low density polyurethane owing to moisture barrier properties will trigger PU tooling board market growth. CNC machine allows manufacturing of highly accurate molds and they do not shrink with time, thereby remaining dimensionally accurate over the years.  Epoxy is widely used in prototyping applications and are designed to offer dimensionally stable board for tooling jigs, prepreg lay-up tools, and building precise models and patterns. Increased product usage for small scale development in public and private sectors along with rise in demand for prototypes of aircraft and formula one cars may drive tooling board market size.

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Market Research Reports: Key Analytical Components

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- Increasing application outlook in aerospace sector should drive tooling board market demand. Global aerospace materials market is likely to surpass USD 30 billion by Increase in passenger transportation along with growing demand for dimensionally stable, heat resistant and affordable aircraft tools over its counterparts will stimulate tooling boards market size. The product is widely used for prototype production, machining, pattern making, prepreg composite layup tools, vacuum forming and high-temperature curing prepreg applications in the aerospace industry. Regional Trends:- Asia Pacific, led by China, Japan and India tooling board market size may grow significantly over the foreseeable timeframe. Growing automotive production bases in this region owing to easy availability of low-cost labour along with rising consumer disposable income and burgeoning population will promote advanced composites & materials demand, thereby propelling product demand. Europe tooling board market size, driven by France, UK and Germany may register significant growth by Automotive giants such as Mercedes BMW, and Audi and aircraft manufacturer Airbus are based in Europe, which should positively impact regional product demand. Growth in industrialization rate accompanied with rising government support to encourage domestic production will propel industry growth.

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: Key raw material, polyurethane and epoxy resins are used in tooling board manufacturing process. Fluctuating raw material prices owing to wide product usage in automobile, construction, paints & coatings and adhesives industries may hinder industry profitability and affect tooling board market price trend. Global tooling board market share is moderately consolidated with key manufacturers include Axson Technologies, Sika AG, Huntsman, General Plastic Manufacturing, Curbell Plastics, Trelleborg AG, Coastal Enterprises, Alro Steel, Alchemie Ltd, Base Group, OBO-Werke GmbH and RAMPF Holding GmbH.

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