Epoxy Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Epoxy Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Chemical & Materials | PPT format

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Epoxy Tooling Board Market Introduction

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.

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.

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.

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.  

Increasing Use of Epoxy Tooling Board in Wind Blade Manufacturing

The growing demand for epoxy resins in the fabrication of blades in wind turbine is fueling the growth of epoxy tooling board market. Manufacturers are offering epoxy tooling boards for wind turbines to simplify fabrication of modules, models, and tools. Moreover, with the increasing development of large wind turbines epoxy resins are rapidly replacing polyester and are emerging as the matrices of wind blade composites and offering better advantages over polyester resins.

Manufacturers are focusing on offering wind blade mould with quality, better dimensional control and at an affordable rate. Recently, there has been a rise in tooling boards demand, hence, a number of companies are developing a wide variety of tooling boards with various densities that are suitable for designing models, prototype, and production fixtures. Companies are also developing large size and smooth surface epoxy tooling boards to make it compatible with standard epoxy adhesives.

High Cost of Epoxy Tooling Board to Remain Longstanding Challenge

With the growing demand for tooling boards, companies are moving towards using new polymer materials to develop cost-effective tooling boards. Epoxy tooling board are expensive owing to the high cost of epoxy resins but are widely used as high performance structure.

However, to fuel its demand and make it affordable across industries that are involved in prototyping, companies are developing low-cost and high resistance epoxy tooling boards. Meanwhile, the companies are also developing polyurethane tooling boards offering competitive performance as epoxy tooling boards. In addition to its exceptional properties, polyurethane tooling boards are cheaper as compared to epoxy tooling boards. Moreover, polyurethane tooling boards are expected to witness immense huge growth owing to better performance and low-cost.

Epoxy Tooling Board Market Segmentation

Based on the density, the epoxy tooling board market is segmented into

  • 800-1000 kg/m3 A
  • 600-800 kg/m3
  • Above 1000 kg/m3

On the basis of end use industry, the epoxy tooling board market is segmented into

  • Aerospace
  • Wind Energy
  • Transportation
  • Marine
  • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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