News
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August 5, 2019
Composite material cutters offer a growing opportunity for toolmakers
The aerospace and defence, wind energy, automotive, civil construction and sporting goods industries have all come to adopt composites for high-performance applications – and the demand continues to grow. A report by Credence Research in 2019 estimated a CAGR of 9.3% for carbon fiber-reinforced plastics during the period 2017-2025. Duncan Thompson, product manager at ANCA, notes the increased sales inquiries in this area, reflecting a growing demand by tool manufacturers to produce cutting tools to service this specialist market.