According to a new market report published by Lucintel, the future of the epoxy tooling board market looks promising with opportunities in the transportation, aerospace, wind energy, and marine industries. The global epoxy tooling board market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major growth driver is increasing demand of epoxy tooling boards for prototypes of formula one car and aircrafts.
Browse 22 market data tables and 47 figures spread through 125 pages and in-depth TOC on “Epoxy Tooling Board Market"
To download report brochure, please go to https://www.lucintel.com/epoxy-tooling-board-market.aspx and click "report brochure" tab from the menu.
In this market, epoxy tooling board is used for making prototypes for various end use industries. Lucintel forecasts that the transportation is expected to remain the largest end use industry. Excellent dimensional stability, low coefficient of thermal expansion, chemical inertness, and suitability to use at temperatures up to 130°C are the properties that will drive the growth of epoxy tooling boards. Wind energy is expected to witness the highest growth in the forecast period due to increase in penetration of epoxy tooling board in wind blade application.
Europe is expected to remain the largest market with higher production of formula one car. Asia Pacific is expected to witness the highest growth over the forecast period due to increase in the transportation and aerospace end use industries.
Emerging trends, that have direct impact on the dynamics of the industry are development of low cost and high temperature resistance tooling boards. Trelleborg, RAMPF Tooling Solutions, Huntsman, SikaAxson, Base Group, and Stevik are among the major suppliers of the epoxy tooling board market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the epoxy tooling board market by application and by region, and has come up with a comprehensive research report entitled, “Growth Opportunities in Epoxy Tooling Board Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes market trends and forecasts for the epoxy tooling board market segmented by applications and region as follows:
By End Use Industry ($M shipment analysis for 2014 to 2025):
Transportation
Marine
Wind Energy
Aerospace
Others
By Density ($M shipment analysis for 2014 to 2025):
600-800 kg/m3
800-1000 kg/m3
Above 1000 kg/m3
By Region (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
North America
Europe
Asia Pacific
Rest of World
This 125-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/epoxy-tooling-board-market.aspx or helpdesk@lucintel.com.
About Lucintel
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