Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Composite Tooling Market by Resin Type (Benzoxazine, BMI, Epoxy), Fiber Type (Carbon Fiber, Glass Fiber), Form Type, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Composite Tooling Market size was estimated at USD 995.15 million in 2022, USD 1.11 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.86% to reach USD 2.44 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Market Segmentation & Coverage:
This research report categorizes the Global Composite Tooling Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Resin Type, the market is studied across Benzoxazine, BMI, Epoxy, Polyester, and Vinyl Ester.
- The BMI is projected to witness significant market share during forecast period.
- Based on Fiber Type, the market is studied across Carbon Fiber and Glass Fiber. The Carbon Fiber is further studied across Chopped Carbon Fiber and Continuous Carbon Fiber.
- The Carbon Fiber is projected to witness significant market share during forecast period.
- Based on Form Type, the market is studied across Fabric and Prepreg.
- The Fabric is projected to witness significant market share during forecast period.
- Based on Application, the market is studied across Aerospace, Automotive, Marine, and Wind. The Aerospace is further studied across 3D Printing of Aerospace Tooling. The Automotive is further studied across Exterior and Interior. The Wind is further studied across Wind Blade Hinge System, Wind Blade Master Plug, and Wind Blade Mould.
- The Wind is projected to witness significant market share during forecast period.
- The Americas commanded largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.11 Billion |
| Forecasted Market Value (USD) by 2030 | $2.44 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Increasing urbanization and sales of passenger cars
- Growing demand for lightweight and high-performance tooling materials in the aerospace & defence
- Rising use of 3D printing instruments
Restraints
- High costs and availability of low-cost substitutes
Opportunities
- Innovations and developments in product launches of composite tooling
- Growth in the development of renewable energy generation projects
Challenges
- Adverse effects on environment
Market Trends
- Cumulative Impact of COVID-19
- Cumulative Impact of Russia-Ukraine Conflict
- Cumulative Impact of High Inflation
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Regulatory Framework
- Client Customization
Competitive Landscape
- Airtech Advanced Materials Group
- Ascent Aerospace, LLC
- Formaplex Technologies Ltd.
- Gurit Services AG
- Hexcel Corporation
- Huntsman International LLC
- Janicki Industries, Inc.
- Jushi Group Co., Ltd.
- Machinists Inc.
- Owens Corning
- Preconomy Limited
- Royal Tencate N.V.
- Solvay S.A.
- Teijin Limited
- Toray Industries, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/19222q
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
