New Analysis from Global Industry Analysts Reveals Steady Growth for Composite Tooling, with the Market to Reach $682.3 Million Worldwide by 2026

Aug 25, 2021 3:27 PM ET

SAN FRANCISCOAug. 25, 2021 — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Composite Tooling – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 433
Companies: 44 – Players covered include Airtech International Inc; Ascent Aerospace; Formaplex; Gurit Holding AG; Hexcel Corporation; Hydrojet, Inc.; Janicki Industries, Inc.; Machinists, Inc.; Royal Ten Cate NV; Solvay S.A and Others.
Coverage: All major geographies and key segments
Segments: Application (Aerospace & Defense, Wind, Automotive, Other Applications); Resin Type (Epoxy, BMI, Other Resin Types)
Geographies: World; United StatesCanadaJapanChinaEurope (FranceGermanyItalyUnited KingdomSpainRussia; and Rest of Europe); Asia-Pacific (AustraliaIndiaSouth Korea; and Rest of Asia-Pacific); Latin America (ArgentinaBrazilMexico; and Rest of Latin America); Middle East (IranIsraelSaudi ArabiaUnited Arab Emirates; and Rest of Middle East); and Africa.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Composite Tooling Market to Reach $682.3 Million by 2026
Amid the COVID-19 crisis, the global market for Composite Tooling estimated at US$471.9 Million in the year 2020, is projected to reach a revised size of US$682.3 Million by 2026, growing at a CAGR of 6.1% over the analysis period. Epoxy, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$232 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the BMI segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $136.7 Million in 2021, While China is Forecast to Reach $141.9 Million by 2026
The Composite Tooling market in the U.S. is estimated at US$136.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$141.9 Million by the year 2026 trailing a CAGR of 9.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the analysis period. Within EuropeGermany is forecast to grow at approximately 3.9% CAGR.

By Application, Aerospace & Defense Segment to Reach US$127.3 Million by the year 2026
In the global Aerospace & Defense (Application) segment, USACanadaJapanChina and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.6 Million in the year 2020 will reach a projected size of US$101.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as AustraliaIndia, and South Korea, the market in Asia-Pacific is forecast to reach US$15.7 Million by the year 2026, while Latin America will expand at a 7.5% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

Contact Information:
Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: ZA@StrategyR.com

Tags:
marketplace, Wire, English

Contact Information:

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com