LONDON, Feb. 21, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by end use industry (aerospace, automotive, wind energy, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the global polyurethane tooling board market looks good, with opportunities in aerospace & defense, automotive, marine, wind energy, and others. The global polyurethane tooling board market is forecast to grow at a CAGR of 5.6% from 2016 to 2021. 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, which have a direct impact on the dynamics of the polyurethane tooling board industry, include the development of high temperature resistance and custom sized tooling boards.
The study includes the polyurethane tooling board market size, and forecast for the global polyurethane tooling board market through 2021, segmented by end user industry, and region as follows:
Polyurethane tooling board market by End Use Industry (Value ($M) and Volume (Million Board Feet) from 2010 to 2021):
- Wind Energy
Polyurethane tooling board market by Region (Value ($M) and Volume (Million Board Feet) from 2010 to 2021):
- North America
- Asia Pacific
- Rest of the World
Polyurethane tooling board companies Camtek (Sika), RAMPF Tooling Solutions GmBH & Co. KG, General Plastics, OBO Werke, and CMT Materials are among the major suppliers for the polyurethane tooling board.
On the basis of its comprehensive research, Lucintel forecasts that the polyurethane tooling board demand in automotive and wind energy markets are expected to show above average growth during the forecast period from 2016 to 2021.
Within the global polyurethane tooling board market, the automotive segment is expected to remain the largest market. Excellent surface finish, high dimensional stability, low coefficient of thermal expansion, and high glass transition temperatures are the properties that will drive the growth of polyurethane tooling boards. Complex shapes can easily be formed by using polyurethane tooling boards.
Europe is expected to remain the largest region because major customers of polyurethane tooling are located in this region. Furthermore, the demand for polyurethane tooling boards is growing for developing prototypes for formula one cars, motorsports vehicles, and lightweight vehicles.