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The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market.
Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan China and the rest of world. USA and Europe belong to the larger consumers, which together account for more than 75% of global consumption in 2015. As for main production countries, Europe accounted 39% of global tooling composite output in 2015, while USA ranked second position with about 36 % share.
Market Analysis and Insights: Global Tooling Composite Market
The global Tooling Composite market is valued at US$ 451.4 million in 2019. The market size will reach US$ 515.8 million by the end of 2026, growing at a CAGR of 1.9% during 2021-2026.
Global Tooling Composite Scope and Segment
Tooling Composite market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Tooling Composite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Epoxy Resin
BMI
Others
Segment by Application
Transportation
Marine
Wind Energy
Aerospace
Other
By Company
Cytec
Hexcel
TenCate
Sika AG
Airtech International
Gurit
Teijin
PRF Composite Materials
SGL Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan China and the rest of world. USA and Europe belong to the larger consumers, which together account for more than 75% of global consumption in 2015. As for main production countries, Europe accounted 39% of global tooling composite output in 2015, while USA ranked second position with about 36 % share.
Market Analysis and Insights: Global Tooling Composite Market
The global Tooling Composite market is valued at US$ 451.4 million in 2019. The market size will reach US$ 515.8 million by the end of 2026, growing at a CAGR of 1.9% during 2021-2026.
Global Tooling Composite Scope and Segment
Tooling Composite market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Tooling Composite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Epoxy Resin
BMI
Others
Segment by Application
Transportation
Marine
Wind Energy
Aerospace
Other
By Company
Cytec
Hexcel
TenCate
Sika AG
Airtech International
Gurit
Teijin
PRF Composite Materials
SGL Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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