Press release
Epoxy Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Epoxy tooling board is used to produce accurate molds and patterns. Epoxy is the cured end product of epoxy resins. The epoxy system is used in industrial tooling to produce molds, master molds, fixtures, castings, and other industrial production. Casting and laminating are the two basic operations used in manufacturing epoxy tools.
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Epoxy tooling board has high temperature resistance and excellent surface finish, thereby, increasing its demand in various industries including aerospace, transportation, wind energy, marine, and others. Epoxy tooling board manufacturers are boards for a diverse range of applications including creating product prototypes and assembly fixtures.
High compression resistance, thermic resistance, chemical stability, low thermic expansion, and easy to polish are some of the other features offered by epoxy tooling board manufacturers.
Epoxy Tooling Board Market: Notable Highlights
Trelleborg A.B. thorough its industrial solutions business has signed an agreement with Wellcall Holdings Bhd. To form a joint venture in Malaysia to manufacture composite hoses. The first composite hoses delivery is likely to begin in 2020.
In 2018, Huntsman Corporation opened a multi-purpose formulation manufacturing facility in Vietnam. The new facility will focus on Polyurethanes and advanced material business including manufacturing, R&D and technical service center.
Ellsworth Adhesives Europe has introduced a new range of tooling products including epoxy boards and polyurethane boards, specialist resin systems, reaction injection moulding, and close contour materials.
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Some of the most prominent competitors operating in the competitive landscape of global epoxy tooling board market include –
Base Group
Huntsman Corporation
Axson Technologies
Guangzhou LiHong Mould Material Co., Ltd
Sika
Trelleborg AB
Stevik
BCC Products, Inc
RAMPF Tooling Solutions GmBH & Co. KG
Epoxy Tooling Board Market Dynamics
Increasing Development of Prototype for Race Cars, Aerospace, and Motorsports Vehicles
Epoxy tooling boards are used on a large scale in developing prototypes for race cars, vehicles used in motorsports, and in the aerospace industry. Lightweight and economical than aluminum and steel has increased the popularity of epoxy tooling boards across industries. Rapid prototyping is gaining traction across automotive and aerospace industry to simplify and shorten the product development cycle along with cost-efficiency. Hence there is a growing demand for epoxy tooling board offering rapid tooling technique.
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Manufacturers in the aerospace and automotive industry are focusing on prototype throughout the process with epoxy molds as these are fast as compared to machine molds and is also emerging an inexpensive way to create a prototype in aerospace and automotive industry. Owing to the stringent regulations by governments, manufacturers are focusing on lightweight aircrafts and testing models created using tooling boards, which is driving demand for epoxy tooling boards offering a low-cost solution, and quick mold preparation.
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