DUBLIN, May 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Growth Opportunities for the Global Epoxy Tooling Board Market 2016-2021: Trends, Forecast and Opportunity Analysis" report to their offering.
The global epoxy tooling board market is forecast to grow at a CAGR of 9.1% by value from 2016 to 2021
According to a new market report the future of the global epoxy tooling board market looks attractive with opportunities in the transportation, aerospace, marine, and others. Epoxy tooling board is used for prototyping applications due to its unique combination of excellent surface finish and high resistance to temperature. The major drivers of growth for this market are increasing demand of epoxy tooling boards for prototypes of formula one car and aircrafts.
In this market, transportation, aerospace, and marine are the major applications for epoxy tooling boards. On the basis of its comprehensive research, the author forecasts that the aerospace segment is expected to show above average growth during the forecast period.
Within the epoxy tooling board market, transportation is expected to remain as the largest market by value and volume consumption. Excellent dimensional stability, low coefficient of thermal expansion, chemical inertness, and suitability for use at temperatures up to 120°C are the properties that will drive the growth of epoxy tooling boards.
Europe is expected to remain the largest market as the major epoxy tooling board manufacturers as well as users are located in this region. Epoxy tooling boards are increasingly used for developing prototypes for formula one race cars, motorsports vehicles, and aerospace applications.Asia Pacific and North America are expected to show above average growth during the forecast period by virtue of growth in the transportation industry.
For market expansion, the report suggests innovation and new product development that can offer good dimensional stability and provide excellent surface finish. It further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
Trelleborg AB, RAMPF Tooling Solutions GmBH & Co. KG, Huntsman Corporation, Axson Technologies, Guangzhou LiHong Mould Material Co., Ltd, BCC Products, Inc., and Base Group are among the major players of epoxy tooling board market.
Key Topics Covered:
1. Executive Summary
2. The Epoxy Tooling Board Market: Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profile of Major Competitors
- Axson Technologies
- Base Group Ltd
- BCC Products Inc.
- Guangzhou LiHong Mould Material Co.
- Huntsman Corporation
- RAMPF Tooling Solutions GmBH & Co. KG
- Trelleborg AB
For more information visit http://www.researchandmarkets.com/research/r3rknn/growth
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