According to a new market report published by
Lucintel, the future of the invar tooling materials market looks good with
opportunities in the aerospace and transportation industries. Invar has been
used for high performance composite tooling applications due to its unique
combination of extreme durability with a very low coefficient of thermal
expansion. The invar tooling in the global composites market is forecast to
grow at a CAGR of 7.4% from 2015 to 2020. The major drivers of growth for this
market are increasing penetration of composite materials in the aerospace
industry. Emergence of high temperature molding processes like autoclave is expected
to further boost the market.
In this market, aerospace, transportation,
wind energy, and construction are some of the major applications of invar
tooling. On the basis of comprehensive research, Lucintel forecasts that aerospace
industry is expected to show above average growth during the forecast period.
Within the invar tooling in the global composites
market, the aerospace industry is expected to remain as the largest market by
value and by volume consumption followed by transportation application. The development
of novel applications using composites in the aerospace industry is expected to
spur growth for this segment over the forecast period.
North America is expected to remain the
largest market due to growth in end use applications and due to a wider
acceptance of invar tooling in product manufacturing and mass customization.
Asia Pacific and the rest of the world are
expected to witness significant growth over the forecast period because of growing
demand of aircrafts.
For
market expansion, report suggests innovation and new product development to
enhance the performance of invar tooling. Some of the innovation areas in this
market would be development of high precision and lighter tools. The report
further suggests the development of partnerships with customers to create
win-win situations and development of low-cost solutions for the end user.
Emerging trends, which have
a direct impact on the dynamics of the industry, include growing demand for
hybrid tools. Ascent Tooling Group,
Janicki Industries, Kaman Tooling, Aperam Alloys Imphy Alloys, and Carpenter
Technologies are among the major suppliers of the invar tools to the
composites market. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting
and market
research firm, has
analyzed the invar tooling in the composites market by application and region,
and has come up with a comprehensive research report, “Growth
Opportunities of Invar Tooling in the Global Composites Market 2015-2020:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring
board for growth strategy as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast of the invar
tooling in the global composites market through 2020, segmented by end-use
industry, material, and region as follows:
By end-use industry [Volume (Mil lbs) and $
Mil shipment analysis for 2009 – 2020]:
·
Automotive
·
Consumer Products
·
Medical
·
Aerospace
·
Other Industries
By region [Volume (Mil lbs) and $ Mil shipment analysis
for 2009 – 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
This 114-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_invar_tooling_in_the_global_composites_market_2015_2020_trends_forecast_and_opportunity_analysis_january_2016.aspx
or helpdesk@lucintel.com. Lucintel offerings
include advanced materials reports, composite materials market report, strategic growth consulting, commercial due diligence report and marketing research reports online.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategy for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M & A and due diligence services to executives and key decision-makers
in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.
1. What are some of the most promising, high-growth for invar tooling in the
global composites market by applications and region?
Q.
2.Which product segments will grow at a faster pace and why?
Q.
3.Which region will grow at a faster pace and why?
Q.4.What
are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5.What
are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some changing demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10.
What are some of the competitive products in this area and how great a threat
do they pose for loss of market share through product substitution?
Q.
11. What M & A activities has transpired in the last 5 years in this market
and what is its impact on the industry?
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