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 : May, 2021 | Chemical & Materials

Report Digest

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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?