Global Tooling Board Market 2018-2022

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Global tooling board industry overview

The growing use of tooling boards for prototypes in end-use industries is one of the key factors driving the tooling board market growth. With the accelerated pace of new product development and contracted product lifecycles, the demand for prototypes has increased. Today most of the new product designs are developed with some computer software followed by converting these designs to 3-dimensional physical models. This has created a large demand for tooling boards for prototypes. Several manufacturers produce a wide range of tooling board stock in varying densities. These are suitable for creating models, low run prototype tools, or production fixtures. Tooling boards also facilitate process development and verification early in the project timeline, thereby shortening the approval process and timely product delivery. These advantages have led to high demand for tooling boards and are driving the tooling board market growth.

The growing automotive and aerospace industries are expected to propel the tooling board market growth. The automotive industry is witnessing a substantial increase, especially in the APAC region, and this trend is expected to continue during the forecast period. Tooling boards are used for prototype modeling, master models, molds, patterns, jigs, and fixtures in automotive, aerospace, defense, and other industries. Due to ease of machinability and relatively high strength tooling boards are used for several applications like the styling, foundry, and modeling. The growth in these industries is, therefore, fueling the demand for tooling boards. The tooling board market forecast report predicts that driven by these factors, the market will grow at a CAGR of over 5% during the forecast period.

Top tooling board companies covered in this market research report

The tooling board market is moderately fragmented and in the growth phase. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this tooling board industry analysis report will aid clients to identify and design new growth strategies.

The report offers a complete analysis of various companies including:

• Curbell Plastics
• General Plastics Manufacturing Company
• Huntsman International
• Sika
• Trelleborg

Tooling board market segmentation based on geographic regions

• Americas
• APAC
• EMEA

According to global tooling board market analysis, the EMEA region will lead the tooling board market share during the forecast period. Whereas, the APAC region will account for the highest tooling board market growth throughout the forecast period.

Tooling board market segmentation based on products

• Polyurethanes
• Epoxy
• Others

The polyurethane tooling board segment will account for the largest tooling board market share during the forecast period. Polyurethane tooling boards will also account for the highest tooling board market growth. Additionally, the report also provides an accurate prediction of the contribution of the various product segments to the growth of the tooling board market size.

Key highlights of the global tooling board market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the tooling board market during the next five years
• Precise estimation of the global tooling board market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the tooling board industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of tooling board companies

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