Hexa Reports Industry Tooling Board Market

Manufacturers are always challenged to cut costs and reduce expenses through lower tooling costs while still providing a quality product to their customers. Manufacturers are attempting to lower aircraft weight and even testing models created using tooling boards to comply with stringent regulations and testing standards. Further key findings from the report suggest :  The global tooling board demand was worth USD 9,318.8 million in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025  Polyurethane emerged as the dominant product segment in 2016 and is estimated to generate revenue over USD 9,563.1 million by 2025. Excellent dimensional stability and good aesthetics of polyurethane allow it to be formed into various shapes using minimal effort  Europe is expected to observe the significant regional segment over the next eight years with an estimated CAGR in terms of revenue of around 4.7% from 2017 to 2025 Request A Sample copy of This Report @ http://www.hexareports.com/report/tooling-board-market/request-sample      Huntsman Corp. has made a critical tooling technology breakthrough with the initiate of a new PU resin system that cures quickly and allows the production of high heat stable tooling, modeling, and prototyping boards Epoxy was the second largest product segment and accounted for 22% of the overall revenue in 2016 Epoxy is used for prototyping application owing to its unique combination of excellent surface finish and high temperature resistance. They also offer lower cost solutions, low coefficient of thermal expansion, quick mold preparation and compatible with tooling prepreg in an inert surface OBO-Werke announced its plan to acquire Huntsman's European tooling board and tooling paste materials business Key players including Huntsman Corp., Axson Technologies, Trelleborg AG and Curbell Plastics Inc. dominated the global tooling board market accounting for significant share of the total volume in 2016 Browse More Chemicals Related Market Research Reports: • Construction Flooring Chemicals Market Analysis and Segment Forecasts, 2014-2025 - http://www.hexareports.com/report/construction-flooring-chemicals-market • Expanded Polystyrene (EPS) Market Analysis and Segment Forecasts, 2014-2025 - http://www.hexareports.com/report/expanded-polystyrene-eps-market • Isoprene Market Analysis and Segment Forecasts, 2014-2025 - Follow Us:

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