Market Highlights
Epoxy tooling boards are widely used for high-temperature applications and have significant usage in making composite components. Moreover, epoxy tooling boards are used for manufacturing durable & reusable tools, prototypes, models, and patterns in different end-use industries, mainly in transportation including motorsports, aerospace, marine, and general composite industries.
The epoxy tooling board market was brutally hit by the Covid-19 pandemic in 2020 with a massive decline of -12.5% in 2020. However, the long-term market outlook looks promising backed by an expected recovery in the economy, the rebound of vehicle and aircraft production, increasing penetration of composites across end-use industries, and growing demand for varied designs and prototypes. As a result of that Stratview Research estimates the global epoxy tooling board market may record an impressive CAGR of 6.6% over the next five years to reach US$ 135.9 Million in 2026.
Market Segments' Analysis
The epoxy tooling board market is segmented as Transportation, Aerospace, Wind Energy, Marine, and Others based on the end-use industry type. Despite taking a nosedive in 2020, Transportation is expected to remain the largest segment of the market during the forecast period. Motorsport is expected to remain the largest demand generator of epoxy tooling boards in the transportation industry during the forecast period. Epoxy tooling boards are widely used in manufacturing master models and molds for motorsports, driven by excellent dimensional stability, high part accuracy, and high-quality surface finish at elevated temperatures.
Based on the application type, the market is segmented as composites and non-composites. Composite application is expected to remain the most dominant segment of the market during the forecast period. The coefficient of thermal expansion (CTE) of epoxy is relative to the composites, which acts as the growth engine for its unassailable dominance in composite applications.
Based on the density type, the market is segmented as 600-800 kg/m3, 800-1,000 kg/m3 and above 1,000 kg/m3. The 600-800 kg/m3 is expected to remain the most preferred density type in the market during the forecast period. 600-800 kg/m3 density boards are having varied usage in different end-use industries.
Europe is expected to remain the largest market for epoxy tooling boards during the forecast period in terms of regions. The UK is the largest market in the region with strong demand for epoxy tooling boards from the motorsports industry. Asia-Pacific is likely to witness the fastest growth during the forecast period with strong potential from emerging economies such as China and India.
Key Players
The supply chain of this market comprises raw material suppliers, epoxy tooling board manufacturers, distributors, tier players, and end-users. The development of advanced processes, execution of mergers & acquisitions, and the formation of long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market. The following are the key players in the epoxy tooling board 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 Materials CO., Ltd.
- Alchemie Ltd
- Elantas (Part of Atlanta)
- Coastal Enterprises (Precision Board).
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s epoxy tooling board market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our tooling market report in composites from the industry stakeholders, we have tried to further accentuate our research scope to the epoxy 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 and investors in the identification of the low-hanging fruits available in the market and 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.
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. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The epoxy tooling board market is segmented into the following categories.
Epoxy Tooling Board Market, by End-Use Industry Type
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Epoxy Tooling Board Market, by Application Type
- Composite Applications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Non-Composite Applications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Epoxy Tooling Board Market, by Density Type
- 600-800 kg/m3 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 800-1,000 kg/m3 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Above 1,000 kg/m3 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Epoxy Tooling Board Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: The UK, Germany, France, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, and Others)
Report 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 the 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
