Tooling Board Market Worth to cross USD 12.3 BN BY 2027
Posted On March 19, 2021
The Global Tooling Board Market value is expected to grow by an impressive 4% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 12.3 BN by 2027 as per the report by Value Market Research. The high demand for tooling boards with varied densities across industries to create models, low-run prototype tools, or production fixtures will be the primary stimulant for the tooling board market. This market will continue to witness a steady increase since the affordability, dimensional stability, and high-temperature resistance of tooling boards make them a suitable alternative to the traditional expensive metal and wooden dies used across industries. The increased spending on R&D and growing use of tooling boards for prototyping in sectors, such as the automotive, aerospace, defense, packaging industries, FRP shops, metal stamping shops, and sign manufacturing to meet a broad range of tooling and tool making applications will benefit the growth of this market. Availability of customized boards of required size, thickness, and density will boost the market growth. The real challenge of this market is the delivery of mineral composites for the manufacture of these boards.
A tooling board is a modeling board used to make prototypes, models, and patterns with a CNC machine. It is made from filled polymer materials like epoxy and polyurethane. Many tooling boards are generally bonded together to form larger blanks and blocks. These boards are designed and fabricated to meet the broad scope of tooling, modeling, prototyping, and manufacturing applications across various industries. They are easy to machine, are stable, have a well-defined slight edge, leave low levels of residual particles, and are easy to clean up. These boards are used to produce foundry patterns, core boxes, gating and risers, prototype metal forming, and stretch press dies. The precision board is a high-density urethane tooling board used mainly in the aerospace, automotive, wind, and energy sectors.
The detailed research study" Global Tooling Board Market Report By Product (Polyurethane, Epoxy, Others), By Application (Aerospace And Defense, Automotive, Marine, Wind Energy, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of Product the market is segmented into Polyurethane, Epoxy, Others. By Application the tooling board market is categorised as Aerospace and Defense, Automotive, Marine, Wind Energy, Others .The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the tooling board market.
The Report Segments Global Tooling Board Market -
- Aerospace and Defense
- Wind Energy
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Huntsman Corp., Alchemie Ltd., Axson Technologies, General Plastic Manufacturing Co., Coastal Enterprises, Trelleborg AG, OBO-Werke GmbH & Co. KG, RAMPF Holding GmbH & Co., Alro Tooling board Corp, Curbell Plastics Inc, Coastal Enterprises, Base Group, RAMPF Holding GmbH & Co., and KGSika AG.
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