Research Report Focuses on Top Companies and Crucial Drivers, Current Growth Dynamics, Futuristic Opportunities, and New Product/Project Launches
NEW YORK, April 11, 2023 /PRNewswire/ -- The tooling composites market size is expected to increase by USD 251.25 million from 2022 to 2027, registering a CAGR of 7.57%, according to the latest research report from Technavio. The market is driven by the increasing demand for composite fibers in construction. In the construction industry, fiberglass is used as a composite material in building construction for different applications such as roofs, walls, windows, and doors. Composite fibers include sand, hydrated cement, and fiberglass that are used in construction. Composite fiber is used for facade panels, ducts, and pipelines. It is widely used in construction due to its high tensile strength, bending strength, and compressive strength. It is also lightweight and has excellent corrosion resistance. The rise in building and construction activities is increasing the demand for composite fibers. Such factors will increase the market growth during the forecast period. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View a Sample Report
Vendor Landscape
The global tooling composites market is fragmented. Several players are competing for a large market share, and they are focusing on expanding their product portfolios by using traditional strategies such as mergers and acquisitions and product launches. Vendors operating in the market are experiencing the highest demand from the automotive, aerospace, defense, electrical and electronic, and industrial machinery sectors. These industries are expected to drive the demand for tooling composites during the forecast period. Some of the key vendors covered in the report include:
- Airtech International Inc.: The company offers tooling composites such as autoclave, resin infusion, and wet layup.
- Celanese Corp.: The company offers tooling composites such as Acrodur, Elastocoat, and Elastollan.
- Dow Inc.: The company offers tooling composites for the aerospace industry.
- Gurit Holding AG: The company offers tooling composites for 5x autoclaves.
- Formaplex Technologies Ltd.
- Hexcel Corp.
- Honeywell International Inc.
- Hyosung Corp.
- Kaman Corp.
- Komarine Co.
- Magna International Inc.
- SGL Carbon SE
- Sika AG
- Solvay SA
- Teijin Ltd.
For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View a Sample
Key Market Segmentation
- Application
- Aerospace
- Automotive
- Construction
- Wind energy
- Others
The market growth in the aerospace segment will be significant during the forecast period. In the aerospace sector, tooling composites are used for interior components to provide structural components with high strength, physical properties, and stiffness-to-density ratio. End-users of aerospace components have benefited significantly from the introduction of advanced materials. Such factors will increase segment growth during the forecast period.
- Raw Material
- Polyester
- Glass fiber
- Vinyl esters
- Others
The polyester segment holds a significant share of the global composite tools market by raw material. This is due to polyester's properties such as strength, flexibility, durability, stability, lightness, and resistance to heat, temperature, and moisture. Thus, polyester is used in a variety of industries and applications. Additionally, the development of polyester resins for various end-users will drive the growth of the polyester segment during the forecast period.
- Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
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Regional Market Outlook
APAC will account for 37% of the market growth during the forecast period. Another region offering significant growth opportunities to vendors is North America. The demand for tooling composites in the US is primarily driven by the increasing demand for lightweight materials in the automotive industry. Automakers strongly support composites because they are stronger, lighter, and more corrosion-resistant than steel. Examples of these materials are glass fiber and carbon fiber. Additionally, the presence of the largest automakers such as General Motors will boost the growth of the regional market during the forecast period.
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The tooling composites market covers the following areas:
- Tooling composites market Sizing
- Tooling composites market Forecast
- Tooling composites market Analysis
Related Reports:
- The carbon composites market is estimated to grow at a CAGR of 11.49% between 2022 and 2027. The size of the market is forecasted to increase by 177.9 million tons. The market is segmented by type (virgin fiber (VCF) and recycled fiber (RCF)), end-user (aerospace and defense, automotive, wind energy, sporting goods, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The thermoset composites market size is expected to increase by USD 20.73 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.92%. The market is segmented by type (polyester resin, epoxy resin, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
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Tooling Composites Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.57% |
Market growth 2023-2027 |
USD 251.25 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.93 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airtech International Inc., Celanese Corp., Dow Inc., Formaplex Technologies Ltd., Gurit Holding AG, Hexcel Corp., Honeywell International Inc., Hyosung Corp., Kaman Corp., Komarine Co., Magna International Inc., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Sika AG, Solvay SA, Teijin Ltd., Toray TCAC Holding B.V., TPI Composites Inc., BASF SE, and GKN Aerospace Services Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Raw Material
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global tooling composites market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global tooling composites market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.3 Raw material Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Raw material Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Aerospace - Market size and forecast 2022-2027
- Exhibit 34: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
- 6.4 Automotive - Market size and forecast 2022-2027
- Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
- 6.5 Construction - Market size and forecast 2022-2027
- Exhibit 42: Chart on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Construction - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Construction - Year-over-year growth 2022-2027 (%)
- 6.6 Wind energy - Market size and forecast 2022-2027
- Exhibit 46: Chart on Wind energy - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Wind energy - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Application
- Exhibit 54: Market opportunity by Application ($ million)
- Exhibit 55: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Raw Material
- 7.1 Market segments
- Exhibit 56: Chart on Raw Material - Market share 2022-2027 (%)
- Exhibit 57: Data Table on Raw Material - Market share 2022-2027 (%)
- 7.2 Comparison by Raw Material
- Exhibit 58: Chart on Comparison by Raw Material
- Exhibit 59: Data Table on Comparison by Raw Material
- 7.3 Polyester - Market size and forecast 2022-2027
- Exhibit 60: Chart on Polyester - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Polyester - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Polyester - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Polyester - Year-over-year growth 2022-2027 (%)
- 7.4 Glass fiber - Market size and forecast 2022-2027
- Exhibit 64: Chart on Glass fiber - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Glass fiber - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Glass fiber - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Glass fiber - Year-over-year growth 2022-2027 (%)
- 7.5 Vinyl esters and others - Market size and forecast 2022-2027
- Exhibit 68: Chart on Vinyl esters and others - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Vinyl esters and others - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Vinyl esters and others - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Vinyl esters and others - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Raw Material
- Exhibit 72: Market opportunity by Raw Material ($ million)
- Exhibit 73: Data Table on Market opportunity by Raw Material ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2022-2027 (%)
- Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Japan - Market size and forecast 2022-2027
- Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.12 South Korea - Market size and forecast 2022-2027
- Exhibit 115: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ million)
- Exhibit 120: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 124: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 125: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification
- 12.3 Airtech International Inc.
- Exhibit 127: Airtech International Inc. - Overview
- Exhibit 128: Airtech International Inc. - Product / Service
- Exhibit 129: Airtech International Inc. - Key offerings
- 12.4 BASF SE
- Exhibit 130: BASF SE - Overview
- Exhibit 131: BASF SE - Business segments
- Exhibit 132: BASF SE - Key news
- Exhibit 133: BASF SE - Key offerings
- Exhibit 134: BASF SE - Segment focus
- 12.5 Celanese Corp.
- Exhibit 135: Celanese Corp. - Overview
- Exhibit 136: Celanese Corp. - Business segments
- Exhibit 137: Celanese Corp. - Key offerings
- Exhibit 138: Celanese Corp. - Segment focus
- 12.6 Formaplex Technologies Ltd.
- Exhibit 139: Formaplex Technologies Ltd. - Overview
- Exhibit 140: Formaplex Technologies Ltd. - Product / Service
- Exhibit 141: Formaplex Technologies Ltd. - Key offerings
- 12.7 GKN Aerospace Services Ltd.
- Exhibit 142: GKN Aerospace Services Ltd. - Overview
- Exhibit 143: GKN Aerospace Services Ltd. - Product / Service
- Exhibit 144: GKN Aerospace Services Ltd. - Key offerings
- 12.8 Gurit Holding AG
- Exhibit 145: Gurit Holding AG - Overview
- Exhibit 146: Gurit Holding AG - Business segments
- Exhibit 147: Gurit Holding AG - Key offerings
- Exhibit 148: Gurit Holding AG - Segment focus
- 12.9 Hexcel Corp.
- Exhibit 149: Hexcel Corp. - Overview
- Exhibit 150: Hexcel Corp. - Business segments
- Exhibit 151: Hexcel Corp. - Key news
- Exhibit 152: Hexcel Corp. - Key offerings
- Exhibit 153: Hexcel Corp. - Segment focus
- 12.10 Honeywell International Inc.
- Exhibit 154: Honeywell International Inc. - Overview
- Exhibit 155: Honeywell International Inc. - Business segments
- Exhibit 156: Honeywell International Inc. - Key news
- Exhibit 157: Honeywell International Inc. - Key offerings
- Exhibit 158: Honeywell International Inc. - Segment focus
- 12.11 Hyosung Corp.
- Exhibit 159: Hyosung Corp. - Overview
- Exhibit 160: Hyosung Corp. - Product / Service
- Exhibit 161: Hyosung Corp. - Key news
- Exhibit 162: Hyosung Corp. - Key offerings
- 12.12 Kaman Corp.
- Exhibit 163: Kaman Corp. - Overview
- Exhibit 164: Kaman Corp. - Product / Service
- Exhibit 165: Kaman Corp. - Key offerings
- 12.13 Komarine Co.
- Exhibit 166: Komarine Co. - Overview
- Exhibit 167: Komarine Co. - Product / Service
- Exhibit 168: Komarine Co. - Key offerings
- 12.14 Sika AG
- Exhibit 169: Sika AG - Overview
- Exhibit 170: Sika AG - Business segments
- Exhibit 171: Sika AG - Key news
- Exhibit 172: Sika AG - Key offerings
- Exhibit 173: Sika AG - Segment focus
- 12.15 Solvay SA
- Exhibit 174: Solvay SA - Overview
- Exhibit 175: Solvay SA - Business segments
- Exhibit 176: Solvay SA - Key news
- Exhibit 177: Solvay SA - Key offerings
- Exhibit 178: Solvay SA - Segment focus
- 12.16 Teijin Ltd.
- Exhibit 179: Teijin Ltd. - Overview
- Exhibit 180: Teijin Ltd. - Business segments
- Exhibit 181: Teijin Ltd. - Key offerings
- Exhibit 182: Teijin Ltd. - Segment focus
- 12.17 Toray TCAC Holding B.V.
- Exhibit 183: Toray TCAC Holding B.V. - Overview
- Exhibit 184: Toray TCAC Holding B.V. - Product / Service
- Exhibit 185: Toray TCAC Holding B.V. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 186: Inclusions checklist
- Exhibit 187: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 188: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 189: Research methodology
- Exhibit 190: Validation techniques employed for market sizing
- Exhibit 191: Information sources
- 13.5 List of abbreviations
- Exhibit 192: List of abbreviations
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SOURCE Technavio
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