The drive for composite tooling stems from the need for developing new material and tooling technologies. Emerging range of demand in the composites industry has kept the market increasingly lucrative. Composite tooling are largely in the form of prepreg or fabric and are usually made of glass fibers and carbon. The growing demand for tooling prepreg to meet a wide cross-section of design and performance needs of end-use sectors is bolstering prospects. Composite tooling is witnessing extensive demand in the industries of aerospace, wind energy generation, and automotive.
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The demand for composite tooling has witnessed substantial fillip from the need for meeting short lead-times in end-use sectors. Low cost/low temperature master models have also gathered increased steam in the composite tooling market. Rapid advances in composite tooling materials in various countries across the world over the past several years has propelled the steady growth of the market. In addition, growing availability of composite tooling with favorable coefficient of thermal expansion that attributes robust dimensional accuracy underpins the revenue growing potential of the market. Furthermore, growing availability of composite tooling with favorable coefficient of thermal expansion that attributes robust dimensional accuracy underpins the revenue growing potential of the market.
Need for Light-weight Design in Aerospace and Automotive Sectors boosts Uptake
The rising popularity of light-weight design in the aerospace and automotive sectors is a key factor boosting the market. Across these sectors, hybrid tool designs has gained marked traction in recent years. The rising demand for high-quality and high-performance structural materials in the aerospace and automotive industry is pivoting the rapid expansion of the market. Several producers of composite tooling prepregs are offering materials that enabling curing at low temperatures and allows flexible handling characteristics. The helps end users meet a variety of their project needs.
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The need for improving tool build efficiencies is also bolstering developments in the composite tooling market. Tooling costs and complexity are some of the vital aspects that need to be managed by market players to stay competitive, and will play important role in shaping the contours of the market.