The Business Research Company’s report on the Epoxy Tooling Board Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the epoxy tooling board market further?
The increasing automotive industry is expected to propel the growth of the epoxy tooling board market going forward. The automotive industry includes businesses and processes that create, market, and sell motor vehicles such as cars, trucks, and motorcycles, making it a key global revenue-generating sector. The automotive sector is expanding due to rising demand, innovations in electric and autonomous vehicles, government support for green technologies, and higher incomes in urban areas. Epoxy tooling boards are used in the automotive industry for creating durable and precise molds, patterns, and prototypes for vehicle components. For instance, in October 2022, according to the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australia-based government department, as of January 31, 2022, there were 20.7 million registered motor vehicles, marking a 2% increase from January 2021. Battery electric vehicles (BEVs) totaled about 40,000, showing a 100% increase from 2021, with 34,200 being passenger cars in 2022, up by 118% from 2021. Hybrid-electric vehicles (HEVs) numbered approximately 277,000 in 2022, reflecting a 35% increase from 2021. Therefore, the increasing automotive industry is driving the growth of the epoxy tooling board market.
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What are the key factors influencing the forecasted market size of the epoxy tooling board industry?
The epoxy tooling board market size has grown steadily in recent years. It will grow from $9.02 billion in 2024 to $9.46 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth in demand in aerospace, increasing use in automotive, expansion in marine applications, rise in adoption in prototyping, and cost-effectiveness compared to metal.
The epoxy tooling board market size is expected to see steady growth in the next few years. It will grow to $11.35 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing automation in manufacturing, rise in demand for precision tooling, expansion in renewable energy sector, stricter industry regulations, and growing research and development investments. Major trends in the forecast period include shift towards sustainable materials, integration with digital manufacturing, advancements in composite manufacturing, advancements in 3D printing, and growth in custom tooling solutions.
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Who are the leading competitors in the epoxy tooling board market?
Major companies operating in the epoxy tooling board market are Sika Group, Huntsman Corporation, Trelleborg AB, Poly Metal, Sanyo Chemical Industries Ltd., RAMPF Group Inc., Professional Plastics Inc., Freeman Manufacturing & Supply Company, General Plastics Manufacturing Company, Polytek Development Corp., DUNA-Corradini S.p.A., Emco Industrial Plastics Inc., ELANTAS, Base Group, Plyable, Alchemie Ltd, ebalta Kunststoff GmbH, Polymeres Technologies Inc., CMT Materials Inc., Trelleborg Applied Technologies.
Which emerging trends are set to transform the epoxy tooling board market landscape?
Major companies operating in the epoxy tooling board market are focusing on technology advancements, such as toughened epoxy systems to enhance durability, improve thermal stability, and deliver superior surface finishes. Toughened epoxy systems are epoxy resins enhanced with additives such as rubbers, thermoplastics, or nanoparticles to improve toughness, impact resistance, and durability while maintaining mechanical strength and thermal stability. For instance, in September 2024, Base Materials Ltd., a UK-based manufacturing company, launched BE890, a durable, toughened epoxy tooling board tailored for advanced composite master models, direct-to-part applications, short-run productions, and prototypes. Designed for sectors such as automotive and aerospace, BE890 offers a superior surface finish with minimal sealing requirements.
How do different geographies compare in terms of market share and growth potential in the epoxy tooling board market?
North America was the largest region in the epoxy tooling board market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epoxy tooling board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the epoxy tooling board market are experiencing the fastest growth?
The epoxy tooling board market covered in this report is segmented –
1) By Product Type: Standard Density Boards, High Density Boards, Low Density Boards, Flexible Boards
2) By Tooling Type: Rapid Prototyping Tools, Production Tools, Composite Tools
3) By Material Type: Polyester Resin, Vinyl Ester Resin, Phenolic Resin, Epoxy Resin
4) By Thickness: Less Than 10 Mm, 10 To 20 Mm, 20 To 30 Mm, More Than 30 Mm
5) By Application: Aerospace And Defense, Automotive, Marine, Wind Energy, Other Applications
Subsegments:
1) By Standard Density Boards: General-Purpose Standard Density Boards, Heat-Resistant Standard Density Boards, Machinable Standard Density Boards
2) By High Density Boards: High-Strength High Density Boards, Impact-Resistant High Density Boards, Precision High Density Boards
3) By Low Density Boards: Lightweight Low Density Boards, Easy-to-Carve Low Density Boards, Cost-Effective Low Density Boards
4) By Flexible Boards: Bendable Flexible Boards, High-Elasticity Flexible Boards, Customizable Flexible Boards
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What defines the structure and scope of the epoxy tooling board market?
Epoxy tooling board is a high-density, rigid board made from epoxy resin and fillers, designed for creating durable and precise molds, patterns, and prototypes. It offers excellent dimensional stability, heat resistance, and machinability, making it ideal for applications in aerospace, automotive, and composite manufacturing.
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