PU Tooling Board Market Trends and Forecast
The future of the global PU tooling board market looks promising with opportunities in the aerospace & defense, automotive, marine, wind energy market. The polyurethane tooling board market is expected to reach an estimated $384 million by 2030 with a CAGR of 6% from 2023 to 2030. The major driver of growth for this market is increasing usage of polyurethane tooling boards in the automotive and aerospace industries due to low cost and shorter prototype production time.
Emerging Trends in the PU Tooling Board Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increased demand for high temperature boards, and development of custom-sized tooling boards.
A total of 66 figures / charts and 47 tables are provided in this 110-page report to help in your business decisions. A sample figure with insights is shown below.
PU Tooling Board Market by Segment
The study includes a forecast for the global PU tooling board market by end use, and region as follows:
PU Tooling Board Market by End Use [Value ($M) and Volume (Million Board Feet) Shipment Analysis for 2018 – 2030]:
- Automotive
- Marine
- Wind Energy
- Aerospace & Defense
- Others
PU Tooling Board Market By Region [Value ($M) and Volume (Million Board Feet) Shipment Analysis for 2018 – 2030]:
- North America
- Europe
- Asia Pacific
- Rest of the World
List of PU Tooling Board Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies PU tooling board companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PU tooling board companies profiled in this report includes.
- OBO-Werke GmbH & Co. KG
- RAMPF Tooling Solutions GmBH & Co. KG
- Sika Deutschland GmbH
- General Plastics
- CMT
- ELANTAS Italia S.r.l
- Necumer GmbH
- Coastal Enterprise
- Guangzhou LiHong Mould Material Co., Ltd.
- BCC Products Inc.
PU Tooling Board Market Insight
- Lucintel forecasts that automotive segment will remain the largest end use segment over the forecast period due to excellent surface finish, high dimensional stability, low coefficient of thermal expansion, and high glass transition temperatures.
- Europe is expected to remain the largest region over the forecast period because of the growing demand for polyurethane tooling boards for developing prototypes for formula one cars, motorsports vehicles, and lightweight vehicles.
Features of PU Tooling Board Market
- Market Size Estimates: PU tooling board market size estimation in terms of value ($M) and volume (Million Board Feet).
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by end use and region
- Regional Analysis: PU tooling board market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different end use and regions for the PU tooling board market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the PU tooling board market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the PU tooling board market size?
Answer: The global PU tooling board market is expected to reach an estimated $384 million by 2030.
Q2. What is the growth forecast for PU tooling board market?
Answer: The PU tooling board market is expected to grow at a CAGR of 6% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the PU tooling board market?
Answer: The major driver of growth for this market is increasing usage of polyurethane tooling boards in the automotive and aerospace industries due to low cost and shorter prototype production time.
Q4. What are the major applications or end use industries for PU tooling board?
Answer: Aerospace & defense, automotive, marine, and wind energy are the major end use industries for PU tooling board.
Q5. What are the emerging trends in PU tooling board market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, increased demand for high temperature boards, and development of custom-sized tooling boards.
Q6. Who are the key PU tooling board companies?
Answer: Some of the key PU tooling board companies are as follows:
- OBO-Werke GmbH & Co. KG
- RAMPF Tooling Solutions GmBH & Co. KG
- Camtek (Sika Deutschland GmbH)
- General Plastics
Q7. In PU tooling board market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region over next 5 years.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global PU tooling board market by end use (aerospace, automotive, wind energy, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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