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Composite Tooling Market Trdends and Forecasts

The future of composite materials in the  tooling market looks promising with opportunities in the wind energy, automotive, aerospace, marine, consumer goods, and construction industry. The global composite tooling material market is expected to reach an estimated $861 million by 2030 with a CAGR of 6% from 2023 to 2030. The major drivers for this market are increase in demand for light weight tools, decrease in lead time for part manufacturing, and increasing penetration of composite tooling in various end use industries.
An emerging trend, which has a direct impact on the dynamics of composites materials in  tooling industry, includes increased use of metal/composites combination materials for tooling.  
  • Lucintel forecasts that wind energy will remain the largest application and it is also expected to witness highest growth over the forecast period due to increasing wind MW installation in US and Asia Pacific region and increase in length of blade.
  • Composite tools for aerospace application is expected to witness the highest growth over the forecast period. Composite tools provide lightweight, dimensionally accurate, and affordable tooling for various applications in aerospace, such as primary and secondary structure. 
  • North America is expected to remain the largest region over the forecast period due to growth in wind energy, aerospace, and marine industry. ROW is expected to witness highest growth over the forecast period.
 
A total of 82 figures / charts and 58 tables are provided in this 150 -page report to help in your business decisions. Sample figures with some insights are shown below. 
 
 
Composite Materials in the Tooling Market by End Use, Raw Material, and Material Form

 

North America is expected to remain the largest market in the Composite Tooling Market

  1. United States: Companies like Hexcel Corporation, Toray Industries, Inc., and TenCate Advanced Composites are driving advancements in composite materials for tooling applications. Hexcel Corporation recently announced the development of lightweight composite tooling solutions for aerospace and automotive industries. Government initiatives such as the National Institute for Aviation Research (NIAR) support research and development in advanced materials. 
  2. Germany: Firms such as SGL Carbon, LANXESS, and Covestro AG are investing in composite material manufacturing for tooling purposes. SGL Carbon recently introduced new composite tooling solutions for the marine and wind energy sectors. Government initiatives like the Federal Ministry for Economic Affairs and Energy support innovation in advanced materials. 
  3. China: Leading companies like AVIC Composite Corporation Ltd, Sinoma Science & Technology Co., Ltd., and China Composites Group Corporation Ltd are expanding their composite material production capacities for tooling applications. AVIC Composite Corporation Ltd recently announced advancements in composite tooling solutions for aerospace and automotive industries. Government policies promoting high-tech manufacturing and strategic investments drive market growth. 
  4. Japan: Companies such as Mitsubishi Chemical Corporation, Teijin Limited, and Toray Industries, Inc. are leading the development of composite materials for tooling. Mitsubishi Chemical Corporation recently introduced new composite tooling solutions for the automotive and electronics sectors. The Japanese government's initiatives to promote lightweight materials usage in various industries support market expansion.
  5. India: Firms like Tata Advanced Materials Limited, Aeron Composite Pvt. Ltd., and Jushi India Pvt. Ltd. are focusing on composite material manufacturing for tooling applications. Tata Advanced Materials Limited recently announced investments in its composite tooling production facilities to cater to the growing demand in aerospace and defense sectors. Government initiatives promoting indigenous manufacturing and infrastructure development drive market growth. 
 In this market, wind energy is the largest end use industry, whereas prepreg is largest in material form. Growth in various segments of the composites material in tooling market are given below:
Composite Materials in the Tooling Market by Segments

 

Composite Materials in the Tooling Market by Segment

The study includes the composites materials in  tooling market size and forecast of composite materials in the  tooling market through 2028, segmented by end use, raw material, material form, and region as follows:

Composite Materials in the  Tooling Market by End Use [Volume (M lbs) and Value ($ Million) from 2018 to 2030]:

  • Transportation 
  • Marine
  • Wind Energy 
  • Aerospace
  • Construction 
  • Consumer Goods
  • Others 

Composite Materials in the  Tooling Market by Raw Material Type [Volume (M lbs) and Value ($ Million) from 2018 to 2030]: 

  • Glass Fiber  
  • Carbon Fiber
  • Epoxy Resin
  • BMI Resin
  • Others 

Composite Materials in the  Tooling Market by Material Form [Volume (M lbs) and Value ($ Million) from 2018 to 2030]:

  • Fabric 
  • Prepreg

Composite Materials in the  Tooling Market by Region [Volume (M lbs) and Value ($ Million) from 2018 to 2030]:

  • North America 
  • Europe 
  • Asia Pacific 
  • ROW 
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite tooling material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite tooling material companies profiled in this report include: Gurit, Solvey S.A, Hexcel Corporation, Airtech Advanced Materials Group, and Toray and other.
 
On the basis of its comprehensive research, Lucintel forecasts that the glass fiber based composites tools will remain the largest material segment and it is also expected to witness the highest growth over the forecast period. 

Recent Development in Composites Tooling Market

  • Hexcel Corporation and Teijin Limited have both made significant advancements in composite tooling. Hexcel showcased new composite innovations for automotive, aerospace, and wind energy applications at the JEC Composites Connect event. Teijin, in collaboration with Continental Structural Plastics, introduced a multi-material electric vehicle battery enclosure, demonstrating the increasing use of composite materials in automotive applications
  • Solvay SA expanded its aerospace thermoplastic composite capacity with a new production line in the US, aiming to meet the strong demand from aerospace customers. This expansion highlights the growing importance of composite materials in the aerospace sector​
  • Toray Advanced Composites introduced a superior prepreg system called Toray TC346 in the US. This new system provides a flagship structural composite material for high-end automotive applications, showcasing advancements in composite tooling technology​

Some of the features of this report:

  • Market size estimates:  Composites materials in  tooling market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
  • Trend and forecast analysis: Market trend (2018-2023) and forecast (2024-2030) by application, and end use industry.
  • Segmentation analysis:  Composites materials in  tooling market size by various applications such as end use, raw material, and material form type in terms of value and volume shipment.
  • Regional analysis:  Composites materials in  tooling market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of composites materials in  tooling market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of composites materials in  tooling market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q1.What are some of the most promising, high-growth areas of composite materials  in the  tooling market by application (transportation, marine, wind energy, aerospace, construction, consumer goods, and others), raw material (glass fiber, carbon fiber, epoxy, BMI, and others), material form (fabric and prepreg), and region (North America, Europe, Asia Pacific, and the Rest of the World)? 
Q2.Which application segments will grow at a faster pace and why? 
Q3.Which region will grow at a faster pace and why? 
Q4.What are the key factors affecting market dynamics? What are the drivers and challenges of composite materials in the  tooling market? 
Q5.What are the business risks and competitive threats of composite materials in the  tooling market?
Q6.What are emerging trends of composite materials in the  tooling market and the reasons behind them? 
Q7.What are some changing demands of customers of composite materials  in the  tooling market? 
Q8.What are the new developments of composite materials in the  tooling market and which companies are leading these developments? 
Q9.Who are the major players of composite materials in the  tooling market? What strategic initiatives are being implemented by key players for business growth? 
Q10. What are some of the competitive products of composite materials in the  tooling market and how great of a threat do they pose for loss of market share through product substitution?
Q11. What M & A activities have transpired in the last 5 years of composite materials in the  tooling market and how have they affected the industry?

Report Scope


Key Features Description
Base Year for Estimation 2023
Trend Period
(Actual Estimates)		 2018-2023
Forecast Period 2024-2030
Pages 150
Market Representation / Units Revenue in US $ Million and Volume in M Ibs
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By application (transportation, marine, wind energy, aerospace, construction, consumer goods, and others), By raw material (glass fiber, carbon fiber, epoxy, BMI, and others), By material form (fabric and prepreg)
Regional Scope North America, Europe, Asia Pacific, and RoW
Customization 10% Customization Without any Additional Cost

Table of Contents
 
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecast
3.2:  Composites Tooling Market Trends and Forecast
3.3:  Composites Tooling Market by End Use
3.3.1: Transportation
3.3.2: Marine
3.3.3: Wind Energy
3.3.4: Aerospace
3.3.5: Construction
3.3.6: Consumer Goods
3.3.7: Others
3.4: Composites Materials in  Tooling Market by Material Form 
3.5: Composites Materials in  Tooling Market by Raw Material
3.5.1: Composites Materials in  Tooling Market by Fiber 
3.5.2: Composites Materials in  Tooling Market by Resin
 
4. Market Trends and Forecast Analysis by Region
4.1: Composites Materials in  Tooling Market by Region
4.2: North American Composites Materials in Tooling Market
4.3: European Composites Materials in Tooling Market
4.4: APAC Composites Materials in Tooling Market
4.5: ROW Composites Materials in Tooling Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Composites Materials in  Tooling Market by End Use
6.1.2: Growth Opportunities for the Composites Materials in  Tooling Market by Region
6.2: Emerging Trends in the Composites Materials in  Tooling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers, Acquisitions, and Joint Ventures in the Composites Materials in  Tooling Market 
 
7. Company Profiles of Leading Players
7.1: Toray Industries Inc.
7.2: Hexcel Corporation
7.3: Trelleborg AB
7.4: Cytec Solvay Group
7.5: Airtech Advanced Materials Group

.

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Full Report: Composites Tooling Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 4,850
82 figures/charts and 58 tables are provided in this 150 - page report
Chapter - 1: Executive Summary 6 $ 435
Executive Summary
Chapter - 2: Market Background and Classifications 9 $ 218
Market Background and Classifications
Chapter - 3: Market Trends and Forecast Analysis from 2014 to 2025 59 $ 1,740
Market Trends and Forecast Analysis from 2014 to 2025
Chapter - 4: Market Trends and Forecast Analysis by Region 11 $ 2,248
Market Trends and Forecast Analysis by Region
Chapter - 5: Competitor Analysis 11 $ 725
Competitor Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 8 $ 508
Growth Opportunities and Strategic Analysis
Chapter - 7: Company Profiles of Leading Players 9 $ 870
Company Profiles of Leading Players
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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