Polyurethane Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Polyurethane Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Demand for polyurethane tooling board is gaining tailwinds from augmented use of tooling boards across multiple end-use industries for developing prototypes. With the increasing pace of product developments and contraction of product lifecycles, the demand for polyurethane tooling board is witnessing a considerable growth. The new product designs are mostly developed via computer systems and are modified to three-dimensional models, which is another key aspect fostering adoption of polyurethane tooling boards.
Sensing the evolving end-user demands, leading manufacturers are offering a wide-range of polyurethane tooling boards in a wide-range of sizes and densities meant for use in creation of multi-dimensional models. Manufacturers, with an aim of serving the end user requirements in a better way, offer polyurethane tooling boards in three different categories- light, medium, and high density boards.
Polyurethane Tooling Board Market- Notable Highlights
Leading suppliers of polyurethane tooling boards include RAMPF Tooling Solutions GmBH & Co. KG, General Plastics, Camtek (Sika), OBO Werke GmbH, and CMT Materials.
- In January 2019, RAMPF Tooling Solutions GmBH & Co. KG launched its new exclusive flame-retardant polyurethane board ‘RAKU® TOOL FP-0590’. The exceptional flame-retardant properties of RAKU® TOOL FP-0590 make it best suited for multiple applications, including paneling, development of components for interior finishing, decorative additions, furnishings, and ceiling elements.
- In 2018, General Plastics announced the launch of a new high temperature tooling board named ‘LAST-A-FOAM® FR-4800’. With superior thermal-stability, the exclusive tooling board is ideal for applications involving challenging performance requirements, markedly automotive, composite manufacturing, and aerospace industries. It emerges as a viable investment for companies offering high tolerance parts and who are on the lookout for a tooling system that is reasonable & stable.
Polyurethane Tooling Board Market- Notable Highlights
Wind Energy & Automotive Industries Stay at the Forefront of Demand for Polyurethane Tooling Board
Wind energy and automotive industries are likely to register substantial demand for polyurethane tooling board. High CTE (coefficient of thermal expansion) and unparalleled ease of machinability make polyurethane tooling board an ideal material and viable investment across multiple end-use industries. With scaling up of the production volumes, the demand for polyurethane tooling board in wind energy and automotive spaces is likely to demonstrate above average growth in the forthcoming years.
The massive march toward sustainable materials has encouraged the manufacturers across multiple industries to adopt renewable and recyclable resources for production, including shaving from the pre-existing processes and new bio based composite materials. The aforementioned factors along with extended governmental support for encouraging domestic production, is envisioned to boost demand for polyurethane tooling board.
In addition, superior surface finish and exceptional dimensional stability are among the key attributes responsible for propelling demand for polyurethane tooling boards. Role of polyurethane tooling boards in efficient development of complex shapes is also a key aspect validating its eminence for quality-based production.
Europe is likely to lead in terms of demand for polyurethane tooling board, primarily driven by presence of a larger customer base. In addition, demand for polyurethane tooling board is on a consistent rise for projects involving development of formula one cars, lightweight vehicles, and motorsports vehicles.
Manufacturers Focus on Offering Products with Optimal Technical Performance
In order to solidify their foothold in the global polyurethane tooling board market, manufacturers are commercializing high-specification products and offering bespoke formulations for engineering and modelling composites to particular customer requirements. In short, manufacturers are vying to offer products that cater to customer needs, both in terms of delivery speed & technical performance.
Manufacturers are offering products that reduce cost, waste, and refinishing timespan. They are diversifying their product lines with a broad range of high-quality and low-dust products meant for use in mould, model, and tool making applications. Leading market players are cooperating closely with customers, which results in time as well as cost efficiency for both the parties.
Polyurethane Tooling Board Market Segmentation
By Product Type
- Resin Transfer Molding
- Pultrusion
- Lay-Up
By End Use Industry
- Automotive
- Aerospace
- Marine
- Wind Energy
- 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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