Global Tooling Composite Market Growth 2019-2024

The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market.
Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan China and the rest of world. USA and Europe belong to the larger consumers, which together account for more than 75% of global consumption in 2015. As for main production countries, Europe accounted 39% of global tooling composite output in 2015, while USA ranked second position with about 36 % share.

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There are mainly two types of tooling composite in the market: Epoxy Resin BMI and Other. Glass fiber type is cheap. Epoxy resin accounted 65% global market share in 2015.
Tooling composite has a large market around the world. The tooling composite industry will develop stably in the future, especially in the developing countries.

According to this study, over the next five years the Tooling Composite market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 490 million by 2024, from US$ 430 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tooling Composite business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Tooling Composite market by product type, application, key manufacturers and key regions and countries.

This study considers the Tooling Composite value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Epoxy Resin
BMI
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transportation
Marine
Wind Energy
Aerospace
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cytec
Hexcel
TenCate
Sika AG
Airtech International
Gurit
Teijin
PRF Composite Materials
SGL Group

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Tooling Composite consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Tooling Composite market by identifying its various subsegments.
Focuses on the key global Tooling Composite manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Tooling Composite with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Tooling Composite submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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