Global Tooling Composites Market Insights and Forecast to 2027
Tooling composites refer to the mold or tool used as a base for manufacturing or shaping composite parts. It aids in reproducing complex structures or shapes several times. These tools are made from materials, including metals, polymers, and ceramics. The design differs from each other according to the applications. The selection of composites materials is based on various properties such as thermal expansion, desired requirement, the transition temperature of the material being molded, method of cure, and various other factors. Strong materials such as carbon fiber, ceramics, epoxies, and metals that can withstand numerous cycles are used to produce high-end tools.
MARKET DYNAMICS- Composite materials are highly adopted by several industries attributed to their benefits, such as high performance, weight reduction, and corrosion resistance. Tooling materials employed for the fabrication of composite parts are critical elements to obtain the desired shape, efficiency, design, and mechanical performance. Growing demand from the automotive and aerospace sectors is considered as one of the major factors that fuel the market growth. Increasing demand from emerging economies and the escalating spending capacity among the end-users has led to the increasing demand for cars. The requirement for lightweight parts with high strength in racing cars is further proliferating the demand for tooling composites in the automotive industry.
MARKET SCOPE- The global tooling composites market is segmented on the basis of raw material and application. On the basis of raw material, tooling composites market is classified into glass fiber, carbon fiber, epoxies, vinyl ester, polyester, and others. On the basis of application, market is segmented into aerospace, automotive, construction, wind energy, military and marine, and others.
MARKET PLAYERS
Airtech Advanced Materials Group, American Industrial Partners, Formaplex, Gurit, Hexcel Corporation, Janicki Industries, Inc., Koninklijke Ten Cate bv, Sika AG, Solvay, TEIJIN LIMITED