Epoxy Tooling Board Market Report
Epoxy Tooling Board Market is Segmented by End-Use Industry Type (Transportation, Aerospace, Wind Energy, Marine, and Others), by Application Type (Composites and Non-Composites), by Density Type (600-800 kg/m3, 800-1,000 kg/m3, and above 1,000 kg/m3) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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.
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.
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.
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:
The epoxy tooling board market is segmented into the following categories.
Epoxy Tooling Board Market, by End-Use Industry Type
Epoxy Tooling Board Market, by Application Type
Epoxy Tooling Board Market, by Density Type
Epoxy Tooling Board Market, by Region
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The epoxy tooling board market is estimated to grow at a healthy CAGR of 6.6 % by 2026.
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)., Guangzhou Lihong, Alchemie Ltd, Elantas (Part of Atlanta), and Coastal Enterprises (Precision Board) are the major players active in the market.
Europe is estimated to remain dominant in the epoxy tooling board market in the foreseen future.