Tooling Board Market growth outlook with industry review and forecasts 2017-2024

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Tooling Board Market Is Predicted To Witness A
Massive Growth From 2017 To 2024
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Global Market Scenario of Tooling Board Market

• Tooling Board Market size may register
  significant gains over the forecast period owing
  to positive application scope in transportation,
  wind energy and marine industries. They are
  useful for creating prototypes, patterns, models,
  durable and reusable tools, which are used in
  automotive and motor sport sectors.
• Strong application outlook in modelling and
  prototyping in automotive industries along with
  superior properties such as low density and high
  dimensional stability will stimulate PU tooling
  board market size. Global polyurethane market
  size was valued at over USD 45 billion in 2016
  and may surpass USD 90 billion by 2024,
  registering over 5.5 growth. They are
  lightweight and can be glued together for bigger
  size models.
• Increased product usage in CNC machined molds and
  plugs in composites industry along with shift in
  trend towards usage of low density polyurethane
  owing to moisture barrier properties will trigger
  PU tooling board market growth. CNC machine
  allows manufacturing of highly accurate molds and
  they do not shrink with time, thereby remaining
  dimensionally accurate over the years.
• Epoxy is widely used in prototyping applications
  and are designed to offer dimensionally stable
  board for tooling jigs, prepreg lay-up tools, and
  building precise models and patterns. Increased
  product usage for small scale development in
  public and private sectors along with rise in
  demand for prototypes of aircraft and formula one
  cars may drive tooling board market size.

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Market Research Reports Key Analytical Components
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• Product Analysis-
• Increasing application outlook in aerospace
  sector should drive tooling board market demand.
  Global aerospace materials market is likely to
  surpass USD 30 billion by 2024. Increase in
  passenger transportation along with growing
  demand for dimensionally stable, heat resistant
  and affordable aircraft tools over its
  counterparts will stimulate tooling boards market
  size. The product is widely used for prototype
  production, machining, pattern making, prepreg
  composite layup tools, vacuum forming and
  high-temperature curing prepreg applications in
  the aerospace industry.
• Regional Trends-
• Asia Pacific, led by China, Japan and India
  tooling board market size may grow significantly
  over the foreseeable timeframe. Growing
  automotive production bases in this region owing
  to easy availability of low-cost labour along
  with rising consumer disposable income and
  burgeoning population will promote advanced
  composites materials demand, thereby propelling
  product demand.
• Europe tooling board market size, driven by
  France, UK and Germany may register significant
  growth by 2024. Automotive giants such as
  Mercedes BMW, and Audi and aircraft manufacturer
  Airbus are based in Europe, which should
  positively impact regional product demand. Growth
  in industrialization rate accompanied with rising
  government support to encourage domestic
  production will propel industry growth.

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• Competitive Trends
• Key raw material, polyurethane and epoxy resins
  are used in tooling board manufacturing process.
  Fluctuating raw material prices owing to wide
  product usage in automobile, construction, paints
  coatings and adhesives industries may hinder
  industry profitability and affect tooling board
  market price trend.
• Global tooling board market share is moderately
  consolidated with key manufacturers include Axson
  Technologies, Sika AG, Huntsman, General Plastic
  Manufacturing, Curbell Plastics, Trelleborg AG,
  Coastal Enterprises, Alro Steel, Alchemie Ltd,
  Base Group, OBO-Werke GmbH and RAMPF Holding
  GmbH.

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