Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Tooling Board Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description


Tooling boards or modelling boards are material boards used to make master models and prototype tools. Plastic tooling has replaced metal, wood, and other traditional materials in the industrial tooling sector due to the improved efficiency, faster ramp rate, and reduction in overall cost for many industrial processes provided by the former. Epoxy resins are high-molecular-weight polymers that usually contain at least two epoxide groups. Tooling boards are employed in many industrial tooling applications to manufacture molds, models and master models, laminates, fixtures, castings, and other industrial production aids. These boards offer better machinability, i.e. they can be easily cut, adhesively bonded, and shaped with conventional hand tools or automated machining equipment, in shorter lead time. They are machined at a faster rate and are available at affordable prices.

Tooling Board Market: Drivers and Restraints

The need for low manufacturing costs and augmented production rate in various industries such as automotive, marine , and aerospace has been a major driver of the global tooling market due to its impeccable material properties and low cost. The unique property of epoxy or polyurethane tooling board to offer reduced autoclave curing time required for manufacturing advanced composites parts and molds, particularly in the aerospace industry, is also driving the market. However, development of mined mineral composites can be a major restraint of the epoxy or polyurethane tooling board market.

Tooling Board Market: Segmentation

Based on material type, the tooling board market can be segmented into:

  • Polyurethane
  • Epoxy resins
  • Others (Unsaturated resin, etc.)

Epoxy tooling boards have high plasticity, strength, and toughness compared to other materials. The usage of epoxy material lessens the machining cycle time, reduces production cost, and improves productivity. Polyurethane tooling boards offer competitive performance compared to epoxy tooling boards. In addition to their exceptional properties, polyurethane tooling boards are cheaper than the epoxy tooling boards. Hence, tooling boards made from polyurethane hold majority of the market share followed by epoxy tooling boards.

Tooling Board Market: Segmentation

Based on application, the tooling board market can be segmented into:

  • Styling
  • Modelling
  • Master and data control models
  • Prepreg lay-up tools
  • Jigs and fixtures
  • Foundry patterns
  • Hammer and sheet metal forming

Tooling boards are used for making models, prototypes, and durable and reusable tools. They are employed majorly in the automotive industry. Other industries using tooling board include aerospace & defense and wind energy. Tooling boards used for different applications are of different grades. The grades differ in density, size of the tooling board, and the overall geometry. Grades also depend upon the selection of construction techniques and materials for making tooling boards.

Tooling Board Market: Regional Outlook

Based on geography, the tooling board market can also be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In terms of region, major tooling board manufacturers and customers are situated in Europe, making it the largest market for tooling boards. Tooling boards are being used to develop prototypes for Formula One race cars, motorsport vehicles, and aerospace applications. Growth in the transportation industry is a significant driving factor for tooling boards in North America and Asia Pacific. The tooling board market does not account for large share of Middle East & Africa.

Tooling Board Market: Key Market Players

Key players operating in the tooling board market are:

  • Huntsman Advanced Materials
  • Goldenwest Manufacturing Inc.
  • General Plastics Mfg. Co.
  • Coastal Enterprises Co.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Have query on this report?

Make an Enquiry

Success Stories

Our Clients