Composite Tooling Market worth 551.8 Million USD by 2021

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Composite Tooling Market by Fiber Type, Resin
Type, Form, and Application - Global Forecast to
2021
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Composite Tooling Market worth 551.8 Million USD
by 2021
The report "Composite Tooling Market by Fiber
Type (Carbon and Glass), Resin Type (Epoxy, BMI,
and others), Form (Fabric and Prepreg), and
Application (Aerospace Defense, Wind,
Automotive, and Others) - Global Forecast to
2021", The composite tooling market is projected
to reach USD 551.8 Million by 2021, at a CAGR of
7.35, between 2016 and 2021. The demand for
lightweight and precision tooling propelled
growth of the composite tooling market. This
demand is further driven by the increasing use of
composites in the aerospace and automotive
industries.
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Composite Tooling Market worth 551.8 Million USD
by 2021
Browse gtgt 75 data tables
43 figures
123 pages and in-depth TOC on Composite Tooling
Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The composite tooling market is projected
to reach USD 551.8 Million by 2021, at a CAGR of
7.35, between 2016 and 2021. Report Price
- Single User License US 5650 Corporate User
License US 8150
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Composite Tooling Market worth 551.8 Million USD
by 2021
Carbon fiber type comprises a major share in the
composite tooling market in terms of
value Carbon fibers have the highest share in
the composite tooling market due to their
lightweight and high strength. These properties
make them a suitable tooling material for various
applications in the aerospace defense industry.
The parts made from carbon fibers are much
stronger than traditional materials such as
steel, aluminum, and iron. Carbon fibers have
various unique properties like electrical
conductivity, high tensile strength, low weight,
high temperature tolerance, and high chemical
resistance. Owing to lightweight, tools made from
carbon fibers provide better dimensional
stability to structural composites part.
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Composite Tooling Market worth 551.8 Million USD
by 2021
Aerospace defense is the largest application
for the composite tooling market, in terms of
volume There is a mass usage of composites in
the aerospace industry, with 50 of composites
being used in construction of some commercial
aircrafts. The use of composites has continuously
increased in the composite tooling due to their
lightweight, dimensionally stability, and high
strength. Due to the increasing use of composites
in the aerospace industry, the demand for
superior composite tooling is all set to rise.
Composite tooling helps in having tool design
freedom and high flexibility. North America
accounts for a major share of the composite
tooling market The growth of the composite
tooling market in this region is driven by
growing the aerospace and automotive industries
due to presence of established players and
stringent environmental regulations stressing on
the use of lightweight composite materials. The
rising demand for more complex, large, and light
parts in the aerospace industry has increased the
importance of composite tooling. Some of the
leading players of the market such as Janicki
Industries (U.S.) and Hexcel Corporation (U.S.)
have accelerated their RD efforts to provide
good quality composite tooling materials.
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Composite Tooling Market worth 551.8 Million USD
by 2021
Key Players - Some of the key global players
prevailing in the composite tooling market are
Royal TenCate N.V. (Netherlands), Hexcel
Corporation (U.S.), Gurit (Switzerland), Solvay
S.A. (Belgium), and others. These players have
adopted various organic and inorganic
developmental strategies between 2011 and
2016. Purchase a Copy of this Report Today !
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