Global Composite Tooling Market Growth 2023-2029

Global Composite Tooling Market Growth 2023-2029

The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market.

LPI (LP Information)' newest research report, the “Composite Tooling Industry Forecast” looks at past sales and reviews total world Composite Tooling sales in 2022, providing a comprehensive analysis by region and market sector of projected Composite Tooling sales for 2023 through 2029. With Composite Tooling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Composite Tooling industry.

This Insight Report provides a comprehensive analysis of the global Composite Tooling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Composite Tooling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Composite Tooling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Composite Tooling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Composite Tooling.

The global Composite Tooling market size is projected to grow from US$ 464.7 million in 2022 to US$ 588.1 million in 2029; it is expected to grow at a CAGR of 588.1 from 2023 to 2029.

The major players in global Tooling Composite market include Cytec, Hexcel, TenCate, etc. The top 3 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy about 75% of the global market. Epoxy Resin is the main type, with a share about 65%. Aerospace is the main application, which holds a share about 40%.

This report presents a comprehensive overview, market shares, and growth opportunities of Composite Tooling market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Glass Fiber
Carbon Fiber

Segmentation by application
Aerospace
Automotive
Wind
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Royal Ten Cate N.V
Hexcel
Gurit Holding
Solvay SA
Airtech Advanced Material
Janicki Industries
Formaflex
Hydrojet
Machinists

Key Questions Addressed in this Report

What is the 10-year outlook for the global Composite Tooling market?

What factors are driving Composite Tooling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Composite Tooling market opportunities vary by end market size?

How does Composite Tooling break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.