The Tooling Board Market is segmented by End-Use Industry Type (Transportation, Aerospace, Wind Energy, Marine, and Others), Product Type (Epoxy Tooling Board and Polyurethane Tooling Board), Application Type (Composite Applications and Non-Composite Applications [Design & Styling, Model & Tooling, and Others]), Density Type (600-800 kg/m³, 800-1000 kg/m³ and above 1000 kg/m³), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Application Trends

The market is segmented as composite applications and non-composites applications. Non-Composite application is expected to remain the larger segment of the market during the forecast period in the wake of their wide use in tooling applications. The non-composite application segment is further divided into the use type as design & styling, model & tooling, and others. Among non-composite applications, the model & tooling segment holds a significant dominance and will continue to dominate due to its suitability for making master models and molds for different end-use industries. Composite tooling board holds a smaller share but represents strong growth potential during the forecast period.

Density Trends

The market is segmented as 600-800 kg/m3, 800-1000 kg/m3, and above 1000 kg/m3.  The 600-800 kg/m3 segment is likely to maintain its dominance during the forecast period due to its suitability towards a wide range of temperatures for making master models and patterns in different end-use industries, making it the most suitable tooling board segment.

Regional Analysis

Europe is expected to remain the largest market for tooling boards during the forecast period. On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries with soaring demand for tooling boards. Different regions are dominant in different market segments. For instance, the aerospace and marine market segments are dominated by the North American region, whereas the transportation (including motorsports) market segment is dominated by the European region.

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