Tooling Board Market Growth Analysis

Market Highlights

The Tooling Board Market is likely to grow at a promising CAGR of 6.1% over the next five years to reach US$ 0.4 Billion in 2026.

Wish to get a free sample? Register Here

What is a tooling board?

Tooling boards are generally made from polymer-filled materials, when these boards are bonded together, they shape larger blocks which are used to produce molds, prototypes, and master models. There are mainly two types of tooling boards widely used across industries, namely epoxy tooling boards and polyurethane tooling boards.

Segment Analysis

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The tooling board market is segmented into the following categories-

By End-Use Industry Type

• Transportation
• Aerospace
• Wind Energy
• Marine
• Others

By Product Type

• Epoxy Tooling Board
• Polyurethane Tooling Board

By Application Type

• Composite Applications
• Non-Composite Applications

By Density Type

• 600-800 kg/m³
• 800-1,000 kg/m³
• Above 1,000 kg/m³

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, and Others)

End-Use Industry Trends

The tooling board market is segmented as transportation, aerospace, wind energy, marine, and others. Despite a massive nosedive in 2020, transportation is expected to remain the largest segment of the market during the forecast period. The wide usage of tooling boards for making composite tools, parts, and molds for automotive and motorsports have led to a huge dominance of the segment in the total market. The aerospace industry also holds a sizeable market demand with substantial usage of epoxy tooling boards in the industry for composite applications.

Get the full scope of the report. Register Here

Application Trends

The market is segmented as composite applications and non-composites applications. Non-Composite application is expected to remain the larger segment of the market during the forecast period in the wake of their wide use in tooling applications. The non-composite application segment is further divided into the use type as design & styling, model & tooling, and others. Among non-composite applications, the model & tooling segment holds a significant dominance and will continue to dominate due to its suitability for making master models and molds for different end-use industries. Composite tooling board holds a smaller share but represents strong growth potential during the forecast period.

Density Trends

The market is segmented as 600-800 kg/m3, 800-1000 kg/m3, and above 1000 kg/m3.  The 600-800 kg/m3 segment is likely to maintain its dominance during the forecast period due to its suitability towards a wide range of temperatures for making master models and patterns in different end-use industries, making it the most suitable tooling board segment.

Regional Analysis

Europe is expected to remain the largest market for tooling boards during the forecast period. On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries with soaring demand for tooling boards. Different regions are dominant in different market segments. For instance, the aerospace and marine market segments are dominated by the North American region, whereas the transportation (including motorsports) market segment is dominated by the European region.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market for tooling boards is highly consolidated with the presence of a handful number of players. Furthermore, there has been a continuous consolidation in the market with the big fish acquiring the smaller ones. For instance, Polytek Development Corporation, Inc., a leading global supplier of tooling boards for a wide range of industries, acquired BCC Products, Inc. After the acquisition, Polytek Development Corporation successfully leaped ahead in the market with the added capabilities and expansion of its product portfolio.

The supply chain of this market comprises several nodes including raw material suppliers, tooling board manufacturers, distributors, tier players, and OEMs. The following are the key players in the market.

• AIP Aerospace, Inc. (American Industrial Partners)
• Trelleborg AB (Trelleborg Applied Technologies)
• Base Group
• Rampf Group, Inc.
• Huntsman Advanced Materials
• Sika Axson
• Polytek Development Corporation (BCC)
• China Guangzhou Lihong Mould Material Co. Ltd.
• Alchemie Ltd
• Elantas (Part of Atlanta)
• Coastal Enterprises (Precision Board).

COVID-19 Impact

The impact of the COVID-19 pandemic on the demand for tooling boards varies from industry to industry. The transportation and aerospace industries, the two major markets, witnessed hefty declines amid the pandemic, whereas the wind energy and marine industries, relatively small markets, witnessed lesser declines over the same period. Overall, the global tooling board market experienced a low double-digit decline in 2020, reaching a value below US$ 0.3 billion. An expected recovery in the economy coupled with the surge in vehicle production is among the key factor signaling towards the industry’s take-off to a healthy recuperation.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the tooling boards market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s tooling board market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our tooling board market report from the industry stakeholders, we have tried to further accentuate our research scope to the tooling board market in order to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.