Global Tooling Board Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Tooling Board Market Overview

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Tooling boards are material boards that are used to make the prototype tools and master model. These boards have replaced wood, metal, and other materials in the industrial tooling sector due to the faster ramp rate, improved efficiency, and reduction in overall cost for many industrial processes. Tooling boards are used in many industrial tooling applications to manufacturing master models, molds, fixtures, laminates, and castings.

On the basis of material, the polyurethane segment is expected to hold a significant share in the global market. Polyurethane is widely used in CNC machined molds and plugs. Molds manufactured from polyurethane remain accurate for years, do not shrink with time nor are affected by moisture. These advantages of polyurethane are expected to support the revenue growth of the segment over the forecast period.

On the basis of application, the aerospace and defense segment is expected to hold a major share in the global target market and is expected to maintain dominance for the next ten years. Growing demand for dimensionally stable, low-cost, and high-temperature resistant dies as an alternative to expensive metal dies is expected to support revenue growth of the segment over the forecast period.

The Europe market is estimated to hold a major revenue share in the global tooling board market and is expected to maintain its dominance over the forecast period.  The growth of the tooling board market in the region is attributed to the growing demand for prototyping in the automotive industry.

Europe accounts for the largest revenue share contribution of the target market, followed by markets in the Asia Pacific, North America, Latin America, and the Middle East & Africa respectively. Moreover, the presence of a large number of tooling board manufacturers in the region is expected to drive revenue growth of the tooling board market in the Asia Pacific.

Market segmentation and key players operating in the global tooling board market:

By material:

• Polyurethane
• Epoxy resin
• Others (unsaturated resin)

By application:

• Automotive
• Aerospace & defense
• Marine
• Wind energy
• Others

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa