Industry: Industrial Automation
Published Date: January-2025
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 186
Report ID: PMRREP35029
The epoxy tooling boards market is estimated to increase from US$ 146.2 Mn in 2025 to US$ 208.5 Mn by 2032. The market is projected to record a CAGR of 5.2% during the forecast period from 2025 to 2032.
The epoxy tooling board market is experiencing significant growth, driven by its extensive applications across various industries. Epoxy tooling boards can reduce mould manufacturing costs by up to 30% compared to traditional metal moulds while maintaining similar performance metrics.
Around 70% of epoxy tooling boards used in Aerospace and Defence are deployed for making aircraft prototypes, wing moulds, and fuselage components. High-temperature epoxy tooling boards can withstand operational conditions of up to 130–180°C, making them ideal for aerospace composite manufacturing processes.
Key Highlights of the Market
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Market Attributes |
Key Insights |
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Epoxy Tooling Boards Market Size (2025E) |
US$ 146.2 Mn |
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Projected Market Value (2032F) |
US$ 208.5 Mn |
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Global Market Growth Rate (CAGR 2025 to 2032) |
5.2% |
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Historical Market Growth Rate (CAGR 2019 to 2023) |
4.6% |
North America accounts for a 36% of market share in 2024. Regional market growth is driven by established industries such as aerospace, automotive, and defence, which rely heavily on tooling boards for prototyping and mould-making.
North America, particularly the U.S., is home to some of the world's largest aerospace manufacturers, such as Boeing and Lockheed Martin, which demand high-quality tooling boards for aircraft component prototyping. Epoxy tooling boards are extensively used due to their dimensional stability, heat resistance, and ability to replace more expensive materials like metal.
Major automotive manufacturers in the U.S. and Canada are increasingly using epoxy tooling boards for lightweight vehicle prototyping and electric vehicle (EV) component production. The rise of EVs and the push for fuel efficiency drive the demand for cost-effective tooling solutions.
As North America shifts towards renewable energy, the use of epoxy tooling boards in wind turbine blade moulds has steadily increased. Adopting 3D printing technologies in tooling board production enhances customization and reduces production timelines, boosting market growth.
Based on density, the market is divided into less than 800 kg/m3, 800 – 1000 kg/m3, and more than 1000 kg/m3. Out of these, the 800 – 1000 kg/m3 dominates the market with a 45% market share in 2024 owing to its ability to meet diverse requirements of key industries.
Epoxy tooling boards with a density range of 800–1000 kg/m³ strike a balance between mechanical strength, thermal resistance, and cost-effectiveness, making them a preferred choice for a wide variety of applications. These boards provide the structural integrity required for creating durable, precise moulds and prototypes while remaining lightweight enough to enhance handling and process efficiency.
This density range is particularly well-suited for the production of aircraft prototypes, fuselage parts, and wing moulds, where high accuracy and resistance to temperature fluctuations are essential.
In the automotive sector, these boards are extensively used for designing prototypes and moulds for lightweight vehicle components, aligning with industry trends toward fuel efficiency and sustainability. In wind energy applications, epoxy tooling boards in this density range are favoured for wind turbine blade moulds due to their balance of stability and weight.
Compared to higher-density boards (above 1000 kg/m³), the 800–1000 kg/m³ segment provides similar functional properties at a more competitive price, making it an economical choice for manufacturers without compromising performance. It also has an edge over lower-density boards (<800 kg/m³), which may lack sufficient strength for demanding applications.
Based on application, the market is categorized into composites and non-composites. Composites account for 65% of a market share in 2024. Among these two prominent applications, the composite application dominates the market due to its growing adoption in various industries.
Composites, made by combining epoxy tooling boards with reinforcement materials, offer a unique combination of lightweight, high strength, and durability. It is critical for applications in industries where weight reduction and mechanical performance are paramount.
The versatility of composites makes them ideal for use in prototype tooling, moulds, and production tools, which require high precision and consistent dimensional stability under thermal and mechanical stresses.
Composites retain their structural integrity even under extreme conditions, making them reliable for high-performance applications. It has excellent thermal resistance and can withstand high curing temperatures, which is a necessity for mould-making in aerospace and automotive production.
Epoxy tooling board is a specialized substance extensively employed in manufacturing to create moulds, prototypes, and patterns. The tooling board, made from epoxy resins and reinforcing elements, demonstrates outstanding dimensional stability, high-temperature resistance, and precision machinability.
Epoxy tooling boards are widely utilized in aerospace, automotive, and marine industries, serving as essential elements in the fabrication of prototypes and moulds for diverse applications.
The epoxy tooling board market is expanding as manufacturers pursue sophisticated materials that enhance prototyping and moulding efficiency. This tooling board significantly improves efficiency and precision in various industrial sectors due to its exceptional features.
Epoxy tooling boards are lightweight and pliable, allowing for CNC machining or manual styling. Precision boards are an exceptional resource for soft tooling and rapid prototyping due to their rapid machinability, rendering them more cost-effective than alternative approaches. Also, these are ecologically sustainable and generate minimal dust, which is another crucial market driving factors.
The epoxy tooling boards market experienced steady growth during the period from 2019 to 2023 primarily driven by demand from industries like aerospace, automotive, and marine. The market expanded due to increased adoption of lightweight and high-temperature resistant materials for prototyping and mould-making. The 800–1000 kg/m³ density segment was dominant, as it offered an ideal balance of machinability and strength.
Key trends during the historical period include the rise of CNC machining and early adoption of eco-friendly tooling materials. However, growth was moderately restrained by fluctuating raw material costs and the availability of substitutes like urethane tooling boards.
The market is anticipated to expand at a notable pace over the forecast period due to technological advancements and sustainability initiatives. Industries like renewable energy and electric vehicles (EVs) are expected to drive demand further.
Manufacturers are focusing on customized tooling boards and digital integration, such as CAD/CAM technologies to enhance efficiency and precision. Innovations in bio-based and recyclable materials will align with global sustainability goals, further accelerating market expansion.
Expanding Automotive Industry and Electric Vehicle (EV) Production to Boost Sales
The automotive industry's increasing focus on lightweight materials and prototyping efficiency is driving the adoption of epoxy tooling boards. These boards are widely used for producing moulds and prototypes for vehicle components, especially as manufacturers aim to meet stringent fuel efficiency and emissions regulations.
The rapid expansion of the electric vehicle (EV) market has further boosted the need for high-quality tooling materials to create lightweight body parts and battery housing components. Epoxy tooling boards offer cost-effective, durable solutions compared to traditional alternatives like metals, ensuring fast production cycles and reduced waste. Their compatibility with advanced techniques such as CAD/CAM technologies allows automakers to achieve high precision and customization in designs.
Epoxy tooling boards are expected to remain a crucial element in automotive innovation and production efficiency with the global EV market projected to grow significantly.
Rising Adoption in Renewable Energy and Wind Turbine Manufacturing Remains a Primary Driver
The global shift toward renewable energy sources, particularly wind power, is significantly driving the epoxy tooling boards market. Wind turbine manufacturers require large, dimensionally stable moulds to create efficient and durable blades.
Epoxy tooling boards between the 800–1000 kg/m³ density range are preferred for their high mechanical strength and thermal resistance, ensuring consistency in large-scale applications. The lightweight nature of these boards also facilitates easy handling and machining, further enhancing production efficiency.
The demand for reliable tooling materials has grown as governments and industries globally invest mainly in renewable energy projects to meet sustainability targets. Epoxy tooling boards not only reduce material waste but also support faster production cycles, aligning with the goals of eco-friendly and cost-effective energy solutions.
With the wind energy sector expanding, especially in regions like Asia Pacific and Europe, the role of epoxy tooling boards in renewable energy manufacturing is set to grow significantly.
High Cost of Raw Materials Puts a Barrier to Market Growth
The epoxy tooling boards market faces significant challenges from the high cost of raw materials, such as epoxy resins and reinforcement agents. These materials are critical for producing tooling boards with the desired properties, including high thermal resistance and dimensional stability.
Fluctuations in global raw material prices, driven by supply chain disruptions and geopolitical factors, often translate into increased production costs for manufacturers. It can make epoxy tooling boards less competitive compared to alternatives like urethane tooling boards, particularly for small-scale manufacturers or industries with tight budgets.
The energy-intensive nature of epoxy board production further inflates costs, especially in regions with high energy prices. As manufacturers strive to balance performance and affordability, the high cost of raw materials remains a barrier to wider adoption, particularly in emerging markets where cost-sensitive industries dominate.
Development of Eco-Friendly and Recyclable Tooling Boards
Growing awareness about environmental sustainability and circular manufacturing processes has opened doors for the development of eco-friendly epoxy tooling boards. Key innovations include the incorporation of bio-based resins and recyclable materials, which can significantly reduce the environmental footprint of tooling boards while meeting industry performance standards. These sustainable solutions align with the increasing emphasis on green manufacturing across sectors such as aerospace, automotive, and energy.
Companies investing in the research and production of recyclable or biodegradable epoxy tooling boards will not only meet regulatory requirements but also gain a competitive advantage in attracting environmentally conscious customers. It represents a transformative shift in how the market addresses sustainability while maintaining high performance.
The epoxy tooling boards market is highly competitive, with key players focusing on innovation, product diversification, and sustainability to gain an edge. Prominent companies like Trelleborg AB, Huntsman Corporation, Axson Technologies, and RAMPF Group dominate the market through extensive portfolios and global distribution networks.
Key players prioritize technological advancements, such as developing eco-friendly and recyclable materials, to align with sustainability trends. Small companies compete by offering cost-effective and customizable tooling solutions, particularly in emerging markets. Strategic partnerships, acquisitions, and research and development investments further characterize the competitive landscape.
Recent Industry Development in the Epoxy Tooling Boards Market
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Attributes |
Details |
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Forecast Period |
2025 to 2032 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is estimated to be valued at US$ 146.2 Mn in 2024.
Epoxy tooling board is a material made from glass microspheres, epoxy resins, and other chemical hardeners.
The market is projected to showcase a CAGR of 5.2% through 2032.
Development of eco-friendly and recyclable tooling boards provides a key opportunity for the market players.
Huntsman Corporation, Axson Technologies, Trelleborg AB, are some of the key players.
