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2021
Composites Materials In Tooling Market

Composites Materials in Tooling Market by Raw Material Type (Glass Fiber, Carbon Fiber, Epoxy Resin, BMI Resin and Others), Application (Prototype and Serial Production) and End user industry (Aerospace and Defence, Wind Energy, Transportation, Construction and others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Moulds used in the production of composite parts are known as composite tools. The material utilized to make these composite tooling could be varied depending on the production run of composite parts. Fiberglass, epoxy boards, and other materials are frequently used for prototype parts, or parts that are produced in small quantities and may be cured at room temperature. Tooling has long been used to shape or texture objects and structures in a variety of industries, including aerospace and defence, wind energy, transportation, and construction. Composite materials are progressively being embraced by numerous industries due to their notable benefits such as weight reduction, excellent performance, and corrosion resistance. Tooling materials used in the manufacturing of composite parts are critical components in achieving the intended efficiency, shape, design, and mechanical performance. Curing temperatures, desired lifetime, cost, component size to be formed, and compatible coefficient of thermal expansion (CTE) with the part material all influence tooling material choices.
Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Raw Material Type, Application, End user industry, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Royal TenCate N.V., Hexcel Corporation, Gurit Holding AG, Airtech Advanced Materials Group, Solvay SA Group, Hexcel Corporation, Janicki Industries, Inc., AIP Aerospace, LLC, Hydrojet, Inc., Toray advanced composites.


COVID-19 Impact analysis

  • The epidemic wreaked havoc on the market and called the turning point by interrupting the supply chain, resulting in lower Boeing and Airbus production rates, a significant drop in car output, impeded wind turbine blade manufacture, and a halt in building operations.
  • Manufacturers have been compelled to discontinue producing composites materials as a result of the tight limitations, which has hampered purchasing of composites materials, resulting in a reduction in the entire global market.

Top Impacting Factors
The composite tooling industry is booming, due to factors like rising demand for lightweight parts across industries like automotive and aerospace, as well as wind energy producers. In the next years, it is projected to stimulate demand for composite tooling. Complex composite shapes are easier to develop with carbon fibre composite tools. Aerospace, wind, automotive, and other industries are among the primary applications covered by the composite tooling industry. By value, aerospace accounted for a significant percentage of the composite tooling market. The extensive usage of composite tooling for creating robust composite components is credited with the high growth of aeronautical applications. The demand for excellent composite tooling is expected to rise as the use of composites in the aerospace industry grows. Due to competition from invar and other materials, the market may be hampered. The advent of 3D printed tools, on the other hand, will open up chances for the composite tooling market.
Market Trends

  • Tencate Advanced Composites Holding BV, a Dutch carbon fibre composite material manufacturer and distributor, has been acquired by Toray Industries Inc., a Japanese integrated chemicals and materials company. The company can offer a bigger product variety after combining the distribution channels of the two enterprises.
  • The corporations of Woodward, Inc. and Hexcel Corporation have mutually agreed to end their merger arrangement. The termination was accepted by the boards of directors of both firms and is in response to the impact of the coronavirus (COVID-19) pandemic on both the aerospace and industrial sectors, as well as global markets in general.

Key Segments Covered
Raw Material Type

  • Glass Fiber
  • Carbon Fiber 
  • Epoxy Resin
  • BMI Resin
  • Others

Application

  • Prototype 
  • Serial Production 

End user industry 

  • Aerospace & Defence
  • Wind Energy
  • Transportation
  • Construction 
  • Others

Region 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the composites materials in tooling industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Composites materials in tooling market share.
  • The current market is quantitatively analysed from 2020 to 2030 to highlight the composites materials in tooling market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Composites materials in tooling market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Composites Materials in Tooling Report

  • Who are the leading market players active in the composite’s materials in tooling market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What are the key benefits of the " composites materials in tooling “Market report?
  • What are the driving factors and opportunities in the market? 
 
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