The Global Rail Composites Market is expected to reach US$ 948.90 Mn by 2025, expanding at a CAGR of 3.5% by 2025.
The Global Rail Composites Market is largely driven by government ingenuities across countries to embark upon large number of projects and deliver industry oriented rail composites. Likewise, growing pricing pressure on energy resources combined with environmental regulations are enhancing the need for substantial improvements in the performance of materials used in engineering and manufacturing.
Owing to its dual feature of mechanical properties and artistic appearance for railways, rail composites have been identified as a potential material for the transportation industry. The demand and consumption of rail composites is expected to grow significantly owing to stern quality requirements.
The use of rail composites in the transportation industry has extended in the past decade and the trend is anticipated to endure throughout the forecast period as well. Transportation industry requires a lighter, stronger, safer and affordable means, for which composites are a reliable material.
They reduce energy consumption as well as the operating costs. Further, these are majorly used in passenger coaches for exceptional structural qualities, giving an enhanced aesthetic value to it.
The most important trend in the Global Rail Composite Market is hybrid construction, which uses several materials to formulate a single component.
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The glass composites segment is anticipated to be the largest fiber type segment.
The glass fiber composites segment is expected to hold the largest share of the global market during the forecast period. Glass fiber is a material comprising of several extremely fine glass fibers.
Furthermore, the vast majority of all fibers used in the composites industry are glass fibers.
Epoxy segment is projected to grow at a robust pace.
Epoxy resin has many industrial applications for a variety of purposes. It possesses higher mechanical properties and offers higher thermal & chemical resistance than other type of resins.
Therefore, the epoxy segment is anticipated to win the largest market share over the study period.
The interior segment is likely to be the fastest growing segment.
Interior components are the developing application of rail composites and are predicted to nurture at a vigorous rate in the proposed period. Evolving trends which have a direct impact on the dynamics of the industry include the development of green technology products and high performance composites for interior and exterior applications.
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Europe is estimated to be the foremost region in the global market over the forecast period.
Geographically, Europe is anticipated to be the top grossed market during the estimated time frame. Further, Asia-Pacific is proposed to be a significant market for rail composites due to high demand for materials offering long-term service, increasing rail manufacturing base, availability of intensive manpower, reduced maintenance costs and improved resistance to wear and tear.
Some of the significant players functional in the Global Rail Composites Market include Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG, Hexel Corporation, Teijin Limited, AIM ALTITUDE, Dartford Composites Ltd., and Exports Limited, Premier Composite Technologies, FDC Composites Inc., TPI Composites Inc., and so on.
Table of Contents:-
Global Rail Composites Market Research Report 2017
Chapter 1 Global Rail Composites Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Rail Composites Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Rail Composites Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Rail Composites Market Effect Factors Analysis
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