Press release
Composite Tooling Market Is Presuming To Grow At a CAGR of 7.0% Between 2018 and 2025
Composite tooling is segmented into type of fiber reinforcement, resin type, form, application, and region. The composite tooling market, by type of fiber reinforcement is further segmented into glass fiber and carbon fiber. Carbon fiber-based composite tooling accounted the largest market size in 2015, in terms of value, owing to growing demand from applications such as primary & secondary structures in aerospace and automotive and wind turbine blades.
The composite tooling market, by resin type is segmented into epoxy, BMI (bismalemide) and others. The epoxy-based composite tooling is expected to grow faster during the forecast period due to excellent mechanical, electrical, and high temperature resistance properties. Similarly, BMI resin is expected to account for the second highest market share after epoxy resin during the forecast period. The curing temperature of BMI is higher than those of epoxy and phenolic resins. BMI resins enhance the design flexibility of composite tooling, elongate the tool life, and also offer improved dimensional stability
The global Composite Tooling market was 46 million US$ in 2017 and is expected to 79 million US$ by the end of 2025, growing at a CAGR of 7.0% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Composite Tooling in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Gurit Holding AG
Royal Tencate N.V.
Hexcel Corporation
Airtech Advanced Materials Group
Solvay S.A. (Cytec Industries, Inc.)
Janicki Industries, Inc.
Formaplex
Hydrojet, Inc.
Machinists, Inc.
AIP Aerospace, LLC
By the product type, the market is primarily split into
Glass fiber
Carbon fiber
By the end users/application, this report covers the following segments
Aerospace
Automotive
Wind
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