According to a new market report published by Lucintel, the future of the global tooling resin market is attractive with opportunities in the end use industries such as aerospace and defense, transportation, marine, wind energy, and others. The global tooling resin market is forecast to grow at a CAGR of 6.9% from 2017 to 2022. Tooling resin is used to make tooling boards and composites molds. The major driver of growth for this market is the increasing demand for tooling boards used for prototypes of automotive and aerospace parts.
Browse 102 market data tables and 128 figures spread through 167 pages and in-depth TOC on “Global Tooling Resin Market" http://www.lucintel.com/tooling_resin_market_2017_2022.aspx
In this market, aerospace and defense, transportation, marine, and wind energy are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the transportation and wind energy segments are expected to show above average growth during the forecast period.
Within the global tooling resin market, transportation is expected to remain the largest market by volume and value consumption. Growing demand for lightweight materials in the automotive industry is expected to spur growth for this market over the forecast period.
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By material type, polyurethane and epoxy are the major tooling resins used to manufacture molds and tooling boards. Polyurethane resin is expected to be the largest market by value and volume. Excellent surface finish, shorter cycle time, and low coefficient of thermal expansion are the properties that will drive the growth of polyurethane resin.
Europe is expected to remain the largest region because major automotive and aerospace parts manufacturers are located in there. Furthermore, the demand for tooling boards is growing for developing prototypes for formula one cars, motorsports vehicles, lightweight passenger vehicles, and in the aerospace industry.
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Asia Pacific is expected to experience above average growth over the forecast period by virtue of growth in the transportation and aerospace industry.
Emerging trends, which have a direct impact on the dynamics of the industry, include increased demand for high temperature polyurethane resin to manufacture tooling boards. Momentive, Huntsman Corporation, Dow chemical, Cytec (Solvay), Hexcel, and Gurit are among the major suppliers of the tooling resin market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global tooling resin market by product type, material type, application, and region, and has come up with a comprehensive research report, entitled “Growth Opportunities in the Global Tooling Resin Market 2017-2022: 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 tooling resin market size and forecast for the global tooling resin market through 2022 segmented by application, by product type, material type, and region, as follows:
Tooling resin market by application type (Value ($M) and Volume (M lbs) shipment analysis from 2011 – 2022):
Transportation
Aerospace
Marine
Wind Energy
Others
Tooling resin market by product type (Value ($M) and Volume (M lbs) shipment analysis from 2011 – 2022):
Mold
Tooling Board
Tooling Paste
Tooling resin market by resin type (Value ($M) and Volume (M lbs) shipment analysis from 2011 – 2022):
Epoxy
Polyurethane
Others
Tooling resin market by region (Value ($M) and Volume (M lbs) shipment analysis from 2011 – 2022):
North America
Europe
Asia Pacific
Rest of the World
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This 167-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/tooling_resin_market_2017_2022.aspx or helpdesk@lucintel.com
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