Tooling Board Market: By Product (Polyurethane, Epoxy, Others), By Application (Aerospace and defense, Automotive, Marine, Marine, Wind Energy, Others) and Geography  

Tooling Board Market size was valued at USD 10,947.3 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024 to 2030. Tooling Board also referred to as modeling board, is a material utilized for making prototype or low-run patterns and mold tools for composite parts. Most of these boards fall into one of two categories, epoxy and polyurethane. Furthermore, the key factors driving the tooling board market are increasing demand for the tooling, prototyping, modeling, and fabricating applications, rising demand from the manufacturing industries, advancements in the tooling technologies, serving the vital necessities of various industries, counting infrastructure, marble surface, infrastructure, consumer recreation, ballistics, aerospace is anticipated to drive the tooling board market in the forecast period. Furthermore, tooling boards, frequently known as slabs, are machinable and demonstrating boards. these are usually made from polyurethane and epoxy and display low density with very high dimensional stability. PU and epoxy tooling merchandise are replacing the traditional metal and wood in master models, jigs, fixtures, molds, patterns, and porotype modeling and are expected to bolster the market in the upcoming years. Also, the expansion of the automotive and aerospace industries and advancements in composite manufacturing are boosting the tooling board market in the future years.

Furthermore, the expansion of advanced composite materials, carbon fiber composites, fiberglass composites, and high-performance polymers fuels the stipulation tooling boards market. Moreover, the collaboration between the manufacturing industries and the market players is anticipated to drive the tooling board market in the forecast period. However, the complications associated with the tooling board market are the high cost associated with the fabrication of the tooling boards, limited temperature resistance, chemical compatibility, and dimensional stability remain substantial barriers that hamper the demand for the tooling board market in the forecast period.  However, the key opportunities associated with the tooling board market are rising demand for styling models, prototyping, jigs and fixtures, vacuum forming, composite tooling, foundry tooling, and hammer forming, and increasing demand for the manufacturing industries are anticipated to boost the tooling board market over the forecast period. 

Tooling Board Market Key Developments:

• In November 2020, RAMPF Tooling Solutions, the world’s largest manufacturer of high-performance board materials, moved in a sales collaboration with MODELCO, a Swedish dealer of premium model- and mold-making resources to the car, truck, and maritime manufacturing in the Nordic markets.