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Global Tooling Board Market Size, Share, Trends, Forecast: By Product: Polyurethane, Epoxy, Others; By Application: Aerospace and Defence, Automotive, Marine, Wind Energy, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Tooling Board Market Outlook
The global tooling board market reached a value of about USD 11.02 billion in 2023. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of approximately USD 16.35 billion by 2032.
| Global Tooling Board Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 11.02 |
| Market Size 2032 | USD Billion | 16.35 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.5% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.1% |
| CAGR 2024-2032 - Market by Country | Brazil | 5.3% |
| CAGR 2024-2032 - Market by Country | China | 5.0% |
| CAGR 2024-2032 - Market by Product | Polyurethane | 4.7% |
| CAGR 2024-2032 - Market by Application | Wind Energy | 5.1% |
| Market Share by Country 2023 | Canada | 3.4% |
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Increasing Demand for Polyurethane tooling board to Augment the Tooling Board Industry Growth
Based on product, the polyurethane segment accounts for a significant share in the tooling board industry. Polyurethane-based materials are commonly used because they can be used at lower temperatures in comparison to epoxy-based products. Furthermore, as opposed to epoxy tooling boards, the former is less costly, more durable, and simpler to cut and treat. In addition, the increasing utilisation of polyurethane in CNC machined plugs and moulds in the composites industry and the growing shift towards low density polyurethane due to its moisture barrier properties are expected to further boost the market growth.
North America to Provide Enhanced Growth Opportunities to the Tooling Board Industry
Region-wise, North America, led by the United States, is expected to grow steadily as a result of technical advances in the automotive and aerospace industries. The stringent legislation aimed at improving vehicle performance, combined with a need for environmentally friendly products, could spur regional industry development. Additionally, the increasing demand for sustainable and recyclable materials for producing these goods, along with an increase in consumers' living standards, is expected to further drive the market growth in the forecast period.
Tooling Board: Market Segmentation
Tooling boards are composed of polymer-filled materials. When these boards are bonded together, they shape larger blanks and blocks that are used to produce models of CNC-machined tooling. Tooling boards are in high demand due to their various applications. To mention a few uses, tooling boards are used for light metal bending, CNC hold downs, fixtures, RTM equipment, templates, designs, and master tooling. Tooling boards can be used in a variety of fields, including automobile, aerospace, and packaging, as well as FRP shops, metal stamping shops, and sign manufacturing, due to their many practical applications.
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By product, the market is divided into:
- Polyurethane
- Epoxy
- Others
| CAGR 2024-2032 - Market by | Product |
| Polyurethane | 4.7% |
| Epoxy | XX% |
| Others | XX% |
The market is divided based on application into:
- Aerospace and Defence
- Automotive
- Marine
- Wind Energy
- Others
| CAGR 2024-2032 - Market by | Application |
| Wind Energy | 5.1% |
| Aerospace and Defence | 4.8% |
| Automotive | 4.5% |
| Marine | XX% |
| Others | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.1% |
| Latin America | 4.6% |
| North America | XX% |
| Europe | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| Brazil | 5.3% |
| China | 5.0% |
| Mexico | 4.5% |
| USA | 4.0% |
| France | 3.5% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| Italy | 3.2% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| 2023 Market Share by | Country |
| Canada | 3.4% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
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Increasing Demand in Major Application Sectors and the Rapid Technological Advancements to Throttle the Growth of the Tooling Board Industry
The global tooling industry has been driven by the growing demand for tooling board in major application sectors, including automotive, maritime, and aerospace, among others to create prototypes, patterns, and reusable tools. The growing need to reduce manufacturing cost and increase production rates in different industries is further enhancing the product demand. The potential of epoxy or polyurethane tooling boards to provide reduced autoclave curing time needed for manufacturing advanced composites parts and moulds, especially in the aerospace industry, is also propelling the market. The production of mined mineral composites, on the other hand, may prove to be a constraint for the tooling board industry.
Over the forecast period, the development of technologically advanced vehicles with higher fuel economy, lighter weight, high performance, and perfect streamlining as well as an increase in R&D investment and an increase in sales volume of cars, are expected to positively affect the industry growth.
Key Industry Players in the Global Tooling Board Market
The report gives a detailed analysis of the following key players in the global tooling board market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Huntsman International LLC
- General Plastics Manufacturing Company
- Curbell Plastics, Inc.
- Alchemie Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Tooling Board Market Analysis
8.1 Key Industry Highlights
8.2 Global Tooling Board Historical Market (2018-2023)
8.3 Global Tooling Board Market Forecast (2024-2032)
8.4 Global Tooling Board Market by Product
8.4.1 Polyurethane
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Epoxy
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Tooling Board Market by Application
8.5.1 Aerospace and Defence
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Marine
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Wind Energy
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Tooling Board Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Tooling Board Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Tooling Board Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Tooling Board Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Tooling Board Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Tooling Board Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Huntsman International LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Plastics Manufacturing Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Curbell Plastics, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Alchemie Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Tooling Board Market: Key Industry Highlights, 2018 and 2032
2. Global Tooling Board Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Tooling Board Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Tooling Board Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Tooling Board Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Tooling Board Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Tooling Board Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Tooling Board Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Tooling Board Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Tooling Board Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Tooling Board Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Tooling Board Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Tooling Board Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Tooling Board Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Tooling Board Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Tooling Board Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Tooling Board Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Tooling Board Market Structure
Key Questions Answered in the Report
In 2023, the global tooling board market attained a value of nearly USD 11.02 billion.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 16.35 billion by 2032.
The major drivers of the market include surging demand for tooling board in major application sectors, including automotive, maritime, and aerospace, and the growing need to reduce manufacturing cost and increase production rates in different industries.
Increasing demand for polyurethane tooling board and the development of technologically advanced vehicles with higher fuel economy are expected to be the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different products available include polyurethane and epoxy, among others.
Tooling board finds applications in aerospace and defence, automotive, marine, and wind energy, among others.
The key players in the global tooling board market are Huntsman International LLC, General Plastics Manufacturing Company, Curbell Plastics, Inc., and Alchemie Ltd., among others.
Analyst Review
The global tooling board market attained a value of USD 11.02 billion in 2023, driven by growing demand for tooling board in major application sectors, including automotive, maritime, and aerospace, growing need to reduce manufacturing cost and increase production rates in different industries and the development of technologically advanced vehicles with higher fuel economy. Aided by Increasing demand for polyurethane tooling board, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%. The market is projected to reach USD 16.35 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the tooling board market can be segmented into polyurethane, and epoxy, amongst others. By application, the industry can be divided into aerospace and defence, automotive, marine, and wind energy, amongst others. The regional markets for tooling board include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Huntsman International LLC, General Plastics Manufacturing Company, Curbell Plastics, Inc., and Alchemie Ltd., amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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