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Global Tooling Board Market: By Product: Polyurethane, Epoxy, Others; By Application: Aerospace and Defence, Automotive, Marine, Wind Energy, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Tooling Board Market Outlook

The global tooling board market reached a value of about USD 9.72 billion in 2020. The market is further expected to grow at a CAGR of 4.3% in the forecast period of 2021-2026 to reach a value of approximately USD 12.7 billion by 2026.

 

Global Tooling Board Market

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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: Industry Definition and 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.

 

Global Tooling Board Market By Application

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By product, the market is divided into:

  • Polyurethane
  • Epoxy 
  • Others

The market is divided based on application into:

  • Aerospace and Defence
  • Automotive
  • Marine
  • Wind Energy
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Tooling Board Market By Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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    Industry Opportunities and Challenges
8    Global Tooling Board Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Tooling Board Historical Market (2016-2020) 
    8.3    Global Tooling Board Market Forecast (2021-2026)
    8.4    Global Tooling Board Market by Product
        8.4.1    Polyurethane 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Epoxy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Others
    8.5    Global Tooling Board and Market by Application 
        8.5.1    Aerospace and Defence 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Automotive 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Marine 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Wind Energy
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others    
    8.6    Global Tooling Board Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Huntsman International LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    General Plastics Manufacturing Company 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Curbell Plastics, Inc. 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Alchemie Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


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 Figures and Tables

1.    Global Tooling Board Market: Key Industry Highlights, 2016 and 2026
2.    Global Tooling Board Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Tooling Board Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Tooling Board Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Tooling Board Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Tooling Board Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Tooling Board Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Tooling Board Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Tooling Board Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Tooling Board Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Tooling Board Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Tooling Board Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Tooling Board Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Tooling Board Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Tooling Board Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Tooling Board Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Tooling Board Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Tooling Board Market Structure

Key Questions Answered in the Report

In 2020, the global tooling board market attained a value of nearly USD 9.72 billion.

The market is projected to grow at a CAGR of 4.3% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 12.7 billion by 2026.

The major drivers of the industry include 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.

Increasing demand for polyurethane tooling board is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

The types of tooling board available are polyurethane, and epoxy, amongst others.

Tooling board finds applications as aerospace and defence, automotive, marine, and wind energy, amongst others.

The leading players in this market are Huntsman International LLC, General Plastics Manufacturing Company, Curbell Plastics, Inc., and Alchemie Ltd., amongst others.

Analyst Review

The global tooling board market attained a value of USD 9.72 billion in 2020, 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 2021-2026, growing at a CAGR of 4.3%. The market is projected to reach USD 12.7 billion by 2026.

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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