The global tooling composites market is expected to increase at a CAGR of 8.8% by 2019.
Online PR News – 11-April-2015 – Irving/Texas – The global tooling composites market is expected to increase at a CAGR of 8.8% by 2019. The major drivers of the tooling composites market are higher costs of metallic counterparts, increase in demand for low weight tools, and decrease in lead time for part manufacturers. 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. The growing demand for lighter, larger, and more complex structures from end market applications such as wind energy, aerospace, and marine is anticipated to boost the market.
Lucintel, a leading global management consulting and market research firm, has analyzed the global tooling composites market by raw material types, material forms, applications, and regions and has come up with a comprehensive research report, “Growth Opportunities of Composite Materials in the Global Tooling Market 2014-2019: Customer, Competitor, and Market Analysis”. This report provides an analysis of the global tooling composites market, including the market trends, company profiles, growth opportunities, key drivers, and emerging trends of the market. The study also includes the global tooling composites market forecasts for 2014-2019, segmented by regions, applications, raw material types, and material forms as follows:
The global tooling composites market by regions:
• North America
• Asia Pacific (APAC)
• Rest of World (ROW)
The global tooling composites market by application for the above regions:
• Wind energy
The global tooling composites market by raw material types:
• Glass Fiber
• Carbon Fiber
• Epoxy Resin
• BMI Resin
• Other Materials
The global tooling composites market by material form:
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for tooling composites will grow at a robust rate during 2014-2019. The upcoming products and new manufacturing technologies are anticipated to support the market in the coming years. Cytec Corporation, Hexcel Corporation, Airtech Advanced Materials Group, and Royal TenCate NV are some of the major suppliers of the global tooling composites market. The regular innovation of products is very important for companies to sustain their successful positions in the market.
This 140-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, click on this link…….contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Market Research Report, Capital Investment Feasibility and SWOT Matrix. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.
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