Global Tooling Board Market

Tooling Board Market Size, Share, Growth Analysis, By Product(Polyurethane, Epoxy, Others), By Application(Aerospace and defense, Automotive, Marine, Wind Energy), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2243 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 65 | Figures: 75

Tooling Board Market News

  • In May 2023, Huntsman International LLC announced a new line of tooling boards for the aerospace industry.
  • In April 2023, General Plastics Manufacturing Company launched a new line of tooling boards for the automotive industry.
  • In March 2023, Curbell Plastics, Inc. introduced a new line of tooling boards for the wind energy industry.
  • In February 2023, Alchemie Ltd. launched a new line of tooling boards for the medical device industry.
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Tooling Board Market size was valued at USD 11.7 Billion in 2023 and is poised to grow from USD 12.17 Billion in 2024 to USD 16.65 Billion by 2032, growing at a CAGR of 4% during the forecast period (2025-2032).

The tooling board market on a global scale is characterized by intense competition, where a small number of prominent contenders dominate the field. Noteworthy names among these leaders are Huntsman International LLC, General Plastics Manufacturing Company, Curbell Plastics, Inc., Alchemie Ltd., and Sika AG. These corporations boast robust product portfolios, extensive distribution networks, and a worldwide presence. 'Huntsman Corporation', 'Trelleborg AB', 'Sika AG', 'General Plastics Manufacturing Co.', 'Axson Technologies (now part of Sika AG)', 'Alro Steel Corporation', 'Coastal Enterprises Co.', 'RAMPF Group, Inc.', 'CMT Materials, Inc.', 'Alchemie Limited', 'Carbon-Core Corp.', 'REN Shape Solutions (part of Avient Corporation)', 'Urethane Services, Inc.', 'Technifoam', 'Jinan Chenghao Technology Co., Ltd.', 'OBO-Werke GmbH & Co. KG', 'BCC Products, Inc.', 'Tekcast Industries', 'Argosy International Inc.', 'Northern Composites'

The growing demand for prototypes across industries like aerospace, defense, automotive, and more is a significant driver for the tooling board market. These boards are used extensively in the production of prototypes, leading to increased demand.

Shift towards Lightweight Solutions: With the increasing emphasis on lightweighting in various industries, there's a trend toward using lower density polyurethane and epoxy tooling boards to achieve cost savings and improved efficiency.

Europe exerted its dominance over the market, commanding more than 34.0% of the global volume in 2022. This ascendancy is attributed to Germany and Belgium, which stand as the foremost producers of polyurethane as a raw material. Furthermore, the region operates within a framework of rigorous regulations and legislation, compelling manufacturers to meticulously adhere to stringent guidelines, thus ensuring comprehensive sustainable development.

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Global Tooling Board Market

Report ID: SQMIG15A2243

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