From GlobeNewswire: 2024-07-07 02:00:00

The Global Epoxy Tooling Board Market is set to grow from USD 8964.4 million in 2023 to USD 12364.4 million by 2033, with a CAGR of 3.27%. Epoxy tooling boards are used in industries like automotive, marine, and aerospace for making molds, prototypes, and patterns with benefits such as heat and thermic resistance, and excellent surface finish.

The polyurethane segment is expected to hold the largest share in the global epoxy tooling board market due to its exceptional machinability and temperature stability. In terms of density, the 600-800 kg/m3 segment is projected to grow the fastest in the market, making it the most appropriate tooling board segment for various industries.

The aerospace and defense segment is forecasted to grow rapidly in the epoxy tooling board market due to the need for economically priced, dimensionally stable, and high-temperature resistant tooling boards that can replace costly metal and wooden molds. North America is expected to dominate the market, while Asia Pacific is predicted to grow the fastest due to industrialization and growth in electronics and automotive sectors.

Key companies in the Global Epoxy Tooling Board Market include Huntsman Corporation, Axson Technologies, Trelleborg AB, and others. Recent developments include Huntsman Corporation selling its Textile Effects division in a deal worth about USD 718 million. The market is segmented based on type, density, application, and region for comprehensive analysis and forecasting.



Read more at GlobeNewswire: Global Epoxy Tooling Board Market Size To Worth USD 12364.4