Global Tooling Composites Market 2024-2028

Global Tooling Composites Market 2024-2028

The tooling composites market is forecasted to grow by USD 303.44 mn during 2023-2028, accelerating at a CAGR of 8.37% during the forecast period. The report on the tooling composites market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for composite fibers in construction, increasing demand for tooling composites in aerospace sector, and growing use of advanced manufacturing technologies to produce tooling composites.

Technavio's tooling composites market is segmented as below:

By Application

• Aerospace
• Automotive
• Construction
• Wind energy
• Others

By Raw Material

• Polyester
• Glass fiber
• Vinyl esters and others

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the growing use of tooling composites in automotive racing as one of the prime reasons driving the tooling composites market growth during the next few years. Also, use of tooling composites in wind energy sector and advances in composite materials will lead to sizable demand in the market.

The report on the tooling composites market covers the following areas:

• Tooling composites market sizing
• Tooling composites market forecast
• Tooling composites market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tooling composites market vendors that include Airtech International Inc., BASF SE, Celanese Corp., Dow Chemical Co., Formaplex Technologies Ltd., GKN Aerospace Services Ltd., Gurit Holding AG, Hexcel Corp., Honeywell International Inc., Hyosung Corp., Kaman Corp., Komarine Co., Magna International Inc., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Sika AG, Solvay SA, Teijin Ltd., TPI Composites Inc., and Toray TCAC Holding B.V.. Also, the tooling composites market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.