Tooling Composite Global Market 2016-2020
WiseGuyReports.com adds “Tooling Composite Global Market 2016-2020” to its research database.
This global market research study presents a detailed analysis of the tooling composite market by application (automotive, construction and infrastructure, aerospace, marine, electricals and electronics, and consumer goods), by raw materials (polyesters, glass fibers, vinyl esters, epoxies, and carbon fibers), and by geography (APAC, EMEA, and North America). The key leading vendors identified in the market are Airtech International, Cytec, Hexcel, Sika, and TenCate.
Complete report in Detailed @ https://www.wiseguyreports.com/reports/global-tooling-composite-market-2016-2020
Outlook of the global tooling composite market
Technavio’s market research analyst predicts the global tooling composite market to grow at a CAGR of more than 7% during the forecast period. The rising demand for lightweight fiberglass composites is expected to drive the tooling composite market globally. The augmented demand for eco-friendly products is increasing the use of fiberglass composites that find extensive applications in the automotive, construction, and aerospace sectors. Tooling composite materials are used to make lightweight and durable products used in the manufacture of automotive components and hoods. Also, these materials find extensive applications in the manufacture of walls, roof, flooring, windows, and doors in the construction sector. Furthermore, the rapid growth of the nanomaterial industry will bolster the demand for tooling composites globally until the end of 2020.
Factors such as the increasing preference for green infrastructure worldwide is expected to impel the prospects for market growth until the end of the forecast period. Properties such as strength, durability, and thermal efficiency of fiberglass have made it a great substitute for conventional construction raw materials. Furthermore, the scarcity and increasing costs of raw materials have increased the need for cost-effective synthetic raw materials. Green infrastructure not only contributes to reducing the initial construction costs, but also helps communities expand their infrastructure investments by providing environmental, economic, and community benefits.
Segmentation by application and analysis of the tooling composite market
- Construction and infrastructure
- Electrical and electronics
- Consumer goods
Order a Purchase Report Copy @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=366395
During 2015, the automotive segment dominated the global tooling composite market and accounted for nearly 30% of the market share. Tooling composites made of glass, carbon, ad epoxy resins decrease the curb weight and enhances the performance and aesthetics of automobiles. With the global automotive industry eyeing to develop fuel-efficient automobiles that are environmentally safe, the automotive segment is expected to grow at a fast pace over the forecast period.
Geographical segmentation and analysis of the tooling composite market
- North America
In this market research report, the analysts have estimated APAC to be the largest market for tooling composite in the forecast period. Rapid economic growth has led to the privatization of industries and substantial foreign investments, along with lower manufacturing costs has resulted in the development of industrial infrastructure, increasing the consumption of tooling composites. The market tooling composite in APAC will account for a market share of approximately 40% by 2020.
Competitive landscape and key vendors
The global tooling composite market is monopolistic in nature with a few players dominating the market. These players account for a major proportion of tooling composites production. Factors such as proprietorship over technology, economies of scale, and R&D capabilities play a significant role in defining the competitive structure of the market. The adoption of nanomaterials and high-performance polymers will drive the growth of this market.
Enquiry before buying https://www.wiseguyreports.com/enquiry/global-tooling-composite-market-2016-2020
P: +44 208 133 9349
M: +1 646 845 9349