SandlerResearch.org includes Global Tooling Composite Market 2016-2020 a new research report. Green infrastructures can be a cost-effective approach to improve the energy sustainability efficiently and helps communities to expand their infrastructure investments further by providing environmental, economic, and community benefits. These infrastructures contribute to reduce the initial construction costs and life-cycle costs including, planning, design, installation, operation and maintenance, and replacement costs.
Complete report on tooling composites market spread across 51 pages, analyzing 5 major companies and provides 26 data exhibits is now available at http://www.sandlerresearch.org/global-tooling-composite-market-2016-2020.html .
The analysts forecast global tooling composites market to grow at a CAGR of 7.43% during the period 2016-2020. According to the report, the rising demand for eco-friendly products is increasing the use of fiberglass composites. Global players in automotive, construction and aerospace sectors are increasingly looking for composite materials that can be used to create cheaper and energy-efficient products that are lightweight and durable. These materials find applications in the manufacture of automotive components and hoods.
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.
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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.
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.
Key players in the Global Tooling Composite Market: Airtech International, Cytec, Hexcel, Sika, and TenCate. Other Prominent Vendors in the market are: BASF, Celanese, Composites One, DuPont, GKN Aerospace, Honeywell International, Hyosung, Kolon, Magna International, Teijin, and Valeo.
Further, the report states that restrictions on the supply or increase in the prices of raw materials, including epoxy, aluminum foil, carbon fiber, phenolic resins, fiberglass yarns, and aramid paper will affect the profit margins of the vendors.
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