Tooling Board Market 2021-26: Industry Trends, Size, Share, Analysis and Forecast

(MENAFN- IMARC Group) According to IMARC Group’s latest report, titled “Tooling Board Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global tooling board market grew at a CAGR of around 4% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Tooling boards are the modeling boards that are used to prepare prototype tools and master models. They are widely replacing wood and metal counterparts for industrial tooling applications as these dimensionally stable boards help in tooling jigs as well as building precise models and patterns. They provide a faster ramp rate, improved efficiency, reduced operational costs, etc. Owing to these factors, tooling boards are extensively used in the manufacturing of various fixtures, molds, models and master models, laminates, castings and other aids across the construction, aerospace & defense, automotive, and marine sectors.

Market Trends

The growing utilization of tooling boards for prototyping across numerous end-use industries is primarily driving the global market. Furthermore, the rising demand for tooling boards in the automotive sector for prototyping advanced models of electric vehicles (EVs) is also augmenting the market growth. Moreover, tooling boards are increasingly being adopted in the defense and aerospace industries due to their high-temperature resistance and dimensional stability properties. Several other factors, including enhanced focus on sustainable development and the growing R&D spending in the marine sector to produce models and prototypes of ships, boats, and vessels that are integrated with the latest technologies, are anticipated to further propel the global market for tooling board in the coming years.

List of Key Companies Covered in this Market Report:

Alchemie Ltd.
Alro Steel Corporation
Base Materials Ltd
Coastal Enterprises
Curbell Plastics Inc.
General Plastic Manufacturing Co.
Goldenwest Manufacturing Inc.
Huntsman Corporation (NYSE: HUN)
OBO-Werke GmbH
RAMPF Holding GmbH & Co.KG
Sika AG (SWX: SIKA)
Trelleborg AG. (STO: TREL-B)

The report has segmented the market on the basis of material, application and geography.

Breakup by Material:

Polyurethane
Epoxy Resins
Others

Breakup by Application:

Aerospace and Defense
Automotive
Marine
Wind Energy
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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