Lucintel Forecasts The Global Tooling Resin Market To Reach $429 Billion By 2030

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According to a market report by Lucintel, the future of the global tooling resin market looks promising with opportunities in the transportation, aerospace, wind energy and marine market. The global tooling resin market is expected to reach an estimated $429 billion by 2030 from $291 billion in 2023 at a CAGR of 6% from 2023 to 2030. The major drivers for this market are increasing demand for tooling boards used for prototypes of automotive and aerospace parts.
Browse 120 figures/charts and 94 tables in this 177-page report to understand trends, opportunity and forecast in tooling resin market to 2030 by product type (molds, tooling boards, and tooling paste), resin type (epoxy, polyurethane, and others), application (aerospace, transportation, wind energy, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that the transportation and wind energy segments are expected to show above average growth during the forecast period.
Within the global tooling resin market, transportation is expected to remain the largest market by volume and value consumption. ...
... Growing demand for lightweight materials in the automotive industry is expected to spur growth for this market over the forecast period.
Download sample by clicking on tooling resin market.
Europe is expected to remain the largest region because major automotive and aerospace parts manufacturers are located in there. Furthermore, the demand for tooling boards is growing for developing prototypes for formula one car, motorsports vehicles, lightweight passenger vehicles, and in the aerospace industry.
Momentive, Huntsman Corporation, Dow chemical, Solvay, Hexcel, and Gurit are the major suppliers in the tooling resin market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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