According to a new market report published by
Lucintel, the future of the global polyurethane tooling board market looks
good, with opportunities in aerospace & defense, automotive, marine, wind
energy, and others. The global polyurethane tooling board market is forecast to
grow at a CAGR of 5.6% from 2016 to 2021. The major driver of growth for this
market is increasing usage of polyurethane tooling boards in the automotive and
aerospace industries due to low cost and shorter prototype production time.
In this market, aerospace & defense,
automotive, marine, wind energy, and others are the major end use industries. On
the basis of its comprehensive research, Lucintel forecasts that the automotive
and wind energy markets are expected to show above average growth during the
forecast period from 2016 to 2021.
Within the global polyurethane tooling board market,
the automotive segment is expected to remain the largest market. Excellent
surface finish, high dimensional stability, low coefficient of thermal
expansion, and high glass transition temperatures are the properties that will
drive the growth of polyurethane tooling boards. Complex shapes can easily be
formed by using polyurethane tooling boards.
Europe is expected to remain the largest region
because major customers of polyurethane tooling are located in this region.
Furthermore, the demand for polyurethane tooling boards is growing for
developing prototypes for formula one cars, motorsports vehicles, and
lightweight vehicles.
Asia Pacific is expected to witness above
average growth over the forecast period because of growth in the automotive
industry.
For business expansion, the report suggests
innovation and new product development to produce polyurethane tooling that has
high mechanical resistance, durability, and easy machining.
Emerging trends, which have
a direct impact on the dynamics of the industry, include the development of
high temperature resistance and custom sized tooling boards. Camtek
(Sika), RAMPF Tooling Solutions GmBH & Co. KG, General Plastics, OBO Werke,
and CMT Materials are among the major suppliers for the polyurethane tooling
board.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global polyurethane tooling board market by end use industry and by region, and
has come up with a comprehensive research report, entitled “Growth
Opportunities in the Global Polyurethane Tooling Board Market 2016-2021:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions.
The study
includes a forecast for the global polyurethane tooling board market by end use
industry and region as follows:
By End Use Industry (Value
($M) and Volume (Million Board Feet) from 2010 to 2021):
- Automotive
- Aerospace
- Marine
- Wind Energy
- Others
By Region (Value ($M) and Volume (Million Board Feet) from
2010 to 2021):
- North America
- Europe
- Asia Pacific
- Rest of the World
This
110-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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies 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 trends in the global polyurethane
tooling board market by end use industry (aerospace, automotive, wind energy,
marine, and others) and region (North America, Europe, Asia Pacific, and the Rest
of the World)?
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 the emerging trends in this market and reasons behind them?
Q.7.What
are the 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 have transpired in the last 5 years in this
market?
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