LONDON, Sept. 15, 2016 /PRNewswire/ --
"Composite tooling market projected to grow at a CAGR of 7.35%"
The composite tooling market is projected to reach USD 551.8 million by 2021, at a CAGR of 7.35% between 2016 and 2021. The major drivers stimulating the growth of the composite tooling market are the increasing demand for lightweight and high performance tooling materials in the aerospace & defense and automotive industries.
"Aerospace is the largest application in the composite tooling market, in terms value."
The usage of composite in tooling for the aerospace & defense industry is increasing due to the dimensional stability and precision tooling offered by them. There is a requirement of high quality standards for the structural parts in the aerospace industry which is driving the composite tooling market at a significant pace.
"North America is the fastest-growing composite tooling market"
North America is expected to be the fastest-growing market for composite tooling in the between 2016 and 2021. The increasing use of composites in the aerospace & defense industry is estimated to drive the composite tooling market in the region. Similarly, new product developments by various leading players are also driving the market of composite tooling in this region. The U.S. majorly dominates the composite tooling market in North America.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:
- By company type- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
- By designation- C Level - 30%, Director Level - 25%, and Others- 45%
- By region- North America - 30%, Europe - 25%, Asia-Pacific - 30%, Latin America- 10%, the and Middle East & Africa - 5%
The report provides comprehensive analysis of company profiles which include:
- Royal Ten Cate N.V. (Netherlands)
- Hexcel Corporation (U.S.)
- Gurit Holding AG. (Switzerland)
- Solvay SA Group (Belgium)
- Airtech Advanced Material Group (U.S.)
- Janicki Industries (U.S.)
- Formaflex (U.K.)
- Hydrojet Inc. (U.S.)
- Machinists Inc. (U.K.)
- Composite part manufacturers
- Fiber manufacturers for composites
- Resin manufacturers for composite
- Aerospace industry
- Automotive industry
- Wind industry
Scope of the Report:
This research report categorizes the market of composite tooling based on type of fiber reinforcement, resin type, form, application, and region. It forecasts revenue growth and analysis of trends in each of the submarkets till 2021.
On the Basis of Fiber Reinforcement Type
- Glass fiber
- Carbon fiber
On the Basis of Resin Type
- Others (polyester and vinyl ester)
On the Basis of form
On the Basis of Application,
On the Basis of Region
- North America
- Latin America
- Middle East & Africa (ME&A)
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