According to a new market report published by Lucintel, the future of the invar tooling materials market looks good with opportunities in the aerospace and transportation industries. Invar has been used for high performance composite tooling applications due to its unique combination of extreme durability with a very low coefficient of thermal expansion. The invar tooling in the global composites market is forecast to grow at a CAGR of 7.4% from 2015 to 2020. The major drivers of growth for this market are increasing penetration of composite materials in the aerospace industry. Emergence of high temperature molding processes like autoclave is expected to further boost the market.
Browse 44 market data tables and 77 figures spread through 114 pages and in-depth TOC on
“Invar Tooling in the Global Composites Market"
http://www.lucintel.com/invar_tooling_in_the_global_composites_market_2020.aspx
In this market, aerospace, transportation, wind energy, and construction are some of the major applications of invar tooling. On the basis of comprehensive research, Lucintel forecasts that aerospace industry is expected to show above average growth during the forecast period.
Within the invar tooling in the global composites market, the aerospace industry is expected to remain as the largest market by value and by volume consumption followed by transportation application. The development of novel applications using composites in the aerospace industry is expected to spur growth for this segment over the forecast period.
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North America is expected to remain the largest market due to growth in end use applications and due to a wider acceptance of invar tooling in product manufacturing and mass customization.
Asia Pacific and the rest of the world are expected to witness significant growth over the forecast period because of growing demand of aircrafts.
For market expansion, report suggests innovation and new product development to enhance the performance of invar tooling. Some of the innovation areas in this market would be development of high precision and lighter tools. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
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Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand for hybrid tools. Ascent Tooling Group, Janicki Industries, Kaman Tooling, Aperam Alloys Imphy Alloys, and Carpenter Technologies are among the major suppliers of the invar tools to the composites market. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the invar tooling in the composites market by application and region, and has come up with a comprehensive research report, “Growth Opportunities of Invar Tooling in the Global Composites Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast of the invar tooling in the global composites market through 2020, segmented by end-use industry, material, and region as follows:
Invar tooling in the global composites market by end-use industry [Volume (Mil lbs) and $ Mil shipment analysis for 2009 – 2020]:
Automotive
Consumer Products
Medical
Aerospace
Other Industries
Invar tooling in the global composites market by region [Volume (Mil lbs) and $ Mil shipment analysis for 2009 – 2020]:
North America
Europe
Asia Pacific
Rest of World
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This 114-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 http://www.lucintel.com/toc/invar_tooling_in_the_global_composites_market_2020.aspx or helpdesk@lucintel.com.
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