HOME Top Market Reports Rail Composites Market by Fiber Type (Glass fiber, Carbon fiber and others), Applications (Interior, Exterior etc.), by Resin Type (Polyester, Phenolic, Epoxy etc.) and by Geography - Trend and Forecast to 2020

Rail Composites Market by Fiber Type (Glass fiber, Carbon fiber and others), Applications (Interior, Exterior etc.), by Resin Type (Polyester, Phenolic, Epoxy etc.) and by Geography - Trend and Forecast to 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: CH 3171

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The composites structure shows superior properties & structural performance better than the constituents. Composites (carbon fibers, glass fibers, and others) have made a big impact on the entire global market, including the railway market. Using composite makes the railways lighter and renders greater resistance to heat, external impact and reduce power consumption by improving overall performance. Various other benefits associated with the reduction of railway weight are lower inertia, less track wear, enhanced stability, and the ability to achieve high speed. With extensive research and cost-effective mass production techniques in place, the demand for composite in railway sector has increased.

The Asia-Pacific and European region were the world’s largest rail composites market in 2014. China is the key consumer of rail composite in Asia-Pacific. Growth of high speed train in china and South Korea is one of the biggest driver for this market in Asia pacific region.

The report analyzes the global railway composite market trends and forecasts to 2020. The market size estimations have been provided in terms of market size ($Million & Kilo Tons). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered, recent developments, and company strategies.

Scope of the report:

This research report categorizes the global market on the basis of types of fiber, type of resin, applications, and region along with forecasting volume, value, and trends in each of the submarkets.

On the basis of type of fiber: The rail composites market is segmented on the basis of type of fiber, such as glass fiber composite, carbon fiber composite, and other composite. Additionally, each type is described in detail in the report with volume and value forecasts.

On the basis of type of resin: The railway composite market is segmented on the basis of type of resin, such as epoxy, polyester, polyurethane, vinyl ester, etc. Each type is described in detail in the report with market forecasts.

On the basis of applications: The rail composite market is segmented on the basis of industry applications, such as exterior, interior, and others. Each application is further described in detail in the report with volume and value forecasts for each application.

On the basis of geography: Regional level segmentation is done for railway composite that include North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include the U.S., Canada, Germany, Spain, France, U.K., China, Japan, India, South Korea, Brazil etc.

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Methodology
    2.2 Market Size Estimation
           2.2.1 Market Size
           2.2.2 List of Secondary Sources
    2.3 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
           2.4.1 Key Data From Secondary Sources
           2.4.2 Key Data From Primary Sources
           2.4.3 Key Industry Insights
    2.5 Assumptions
    2.6 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Rail Composites Market Size By 2020, By Value
    4.2 Rail Composites Market in Asia-Pacific
    4.3 Rail Composites Market Attractiveness
    4.4 Rail Composites Market, Developed vs  Developing Nations
    4.5 Rail Composites Market Life Cycle Analysis, By Region

5 Market Overview (Page No. - 31)
    5.1 Market Segmentation
           5.1.1 By Fiber Type
           5.1.2 By Resin Type
           5.1.3 By Application
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Reduced Weight & Parts Consolidation
                    5.2.1.2 Increasing Demand for High-Speed Rail (HSR)
                    5.2.1.3 Aesthetics Property & Safety
           5.2.2 Restraints
                    5.2.2.1 High Processing & Manufacturing Costs
                    5.2.2.2 Concerns About Recyclability
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand From Emerging Countries
                    5.2.3.2 Opportunity in Rail Ties/Sleeper & Composite Bridges
           5.2.4 Challenges
                    5.2.4.1 To Produce Low Cost Composites
                    5.2.4.2 High R&D Cost
                    5.2.4.3 To Reduce Process Cycle Time
    5.3 Burning Issue
           5.3.1 High Capital Costs
           5.3.2 Need for Low-Cost Technologies

6 Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Raw Material Analysis
           6.3.1 Raw Material Analysis of Glass Fiber Composites
           6.3.2 Raw Material Analysis of Carbon Fiber Composites
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Bargaining Power of Buyers
           6.4.3 Threat of Substitutes
           6.4.4 Threat of New Entrants
           6.4.5 Intensity of Rivalry

7 Composites Market, By Fiber Type (Page No. - 45)
    7.1 Introduction
    7.2 Glass Fiber Composites
    7.3 Carbon Fiber Composites

8 Composites Market, By Resin Type (Page No. - 54)
    8.1 Introduction
    8.2 Polyester
    8.3 Phenolic
    8.4 Epoxy
    8.5 Vinyl ester

9 Rail Composites Market, By Application
    9.1 Introduction
    9.2 Exterior
    9.3 Interior

10 Regional Analysis (Page No. - 67)
     10.1 Introduction
     10.2 North America
             10.2.1 By Type of Fiber Reinforcement
             10.2.2 By Application
             10.2.3 By Country
                         10.2.3.1 U.S.
                         10.2.3.2 Other North American Countries
     10.3 Europe
             10.3.1 By Type of Fiber Reinforcement
             10.3.2 By Application
             10.3.3 By Country
                         10.3.3.1 Germany
                         10.3.3.2 France
                         10.3.3.3 U.K.
                         10.3.3.4 Other European Countries
     10.4 Asia-Pacific
             10.4.1 By Type of Fiber Reinforcement
             10.4.2 By Application
             10.4.3 By Country
                         10.4.3.1 China
                         10.4.3.2 Japan
                         10.4.3.3 India
                         10.4.3.4 Rest of Asia-Pacific Countries
     10.5 Rest of the World
             10.5.1 By Type of Fiber Reinforcement
             10.5.2 By Application

11 Competitive Landscape (Page No. - 92)
     11.1 Overview
     11.2 New Product Launch is the Most Popular Growth Strategies
     11.3 Yearly Market Developments Matrix: 2013 Witnessed the Maximum Development
     11.4 Airex Composites is the Most Active Participant
     11.5 Competitive Situation & Trends
             11.5.1 New Product Launches
             11.5.2 Agreements and Supply Contracts
             11.5.3 Mergers & Acquisitions
             11.5.4 Expansions

12 Company Profiles (Page No. - 99)
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View)*
     12.1 Introduction
     12.2 Cytec Industries Inc
     12.3 Gurit Holding AG
     12.4 Teijin Limited
     12.5 Hexcel Corporation
     12.6 Airex Composite Structures
     12.7 Premier Composite Technologies
     12.8 AIM Altitude
     12.9 Dartforfd Composites
     12.10 TPI Composites
     12.11 Joptek OY Composites

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 120)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports

List of Tables (65 Tables)

Table 1 Rail Composites Market Size, (KT) & ($Million), 2013–2020
Table 2 HSR Mileage By Country in Operation & Under Construction
Table 3 Rail Composites Market Size, By Fiber Type, 2013–2020 ($Million)
Table 4 Rail Composites Market Size, By Fiber Type, 2013–2020 (KT)
Table 5 Glass Fiber Composites Market in Rail, By Region, 2013–2020 ($Million)
Table 6 Glass Fiber Composites Market in Rail, By Region, 2013–2020 (KT)
Table 7 Carbon Fiber Composites Market in Rail, By Region, 2013–2020 ($Million)
Table 8 Carbon Fiber Composites Market in Rail, By Region, 2013–2020 (KT)
Table 9 Rail Composites Market Size, By Resin Type, 2013–2020 ($Million)
Table 10 Rail Composites Market Size, By Resin Type, 2013–2020 (KT)
Table 11 Rail Composites Market Size, By Application, 2013–2020 ($Million)
Table 12 Rail Composites Market Size, By Application, 2013–2020 (KT)
Table 13 Rail Exterior Composites Market Size, By Region, 2013–2020 ($Million)
Table 14 Rail Exterior Composites Market Size, By Region, 2013–2020 (KT)
Table 15 Rail Interior Composites Market Size, By Region, 2013–2020 ($Million)
Table 16 Rail Interior Composites Market Size, By Region, 2013–2020 (KT)
Table 17 Rail Composites Market Size, By Region, 2013-2020 ($Million)
Table 18 Rail Composites Market Size, By Region, 2013-2020 (KT)
Table 19 North America: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 20 North America: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 (KT)
Table 21 North America: Rail Composites Market Size, By Application, 2013-2020 ($Million)
Table 22 North America: Rail Composites Market Size, By Application, 2013-2020 (KT)
Table 23 North America: Rail Composites Market Size, By Country, 2013–2020 ($Million)
Table 24 North America: Rail Composites Market Size, By Country, 2013–2020 (KT)
Table 25 U.S.: Rail Composites Market Size, By Reinforcement Type, 2013–2020 ($Million)
Table 26 U.S.: Rail Composites Market Size, By Reinforcement Type, 2013–2020 (KT)
Table 27 Other North American Countries: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 28 Other North American Countries: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 29 HSR Mileage of Major European Country in Operation & Under Construction
Table 30 Europe: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 31 Europe: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 (KT)
Table 32 Europe: Rail Composites Market Size, By Application, 2013-2020 ($Million)
Table 33 Europe: Rail Composites Market Size, By Application, 2013-2020 (KT)
Table 34 Europe: Rail Composites Market Size, By Country, 2013–2020 ($Million)
Table 35 Europe: Rail Composites Market Size, By Country, 2013–2020 (KT)
Table 36 Germany: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 37 Germany: Rail Composites Market Size, By Type of Fiber Reinforcement, 2 013–2020 (KT)
Table 38 France: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 39 France: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 40 U.K.: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 41 U.K.: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 42 Other European Countries: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 43 Other European Countries: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 44 Asia-Pacific: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 ($Million)
Table 45 Asia-Pacific: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 (KT)
Table 46 Asia-Pacific: Rail Composites Market Size, By Application, 2013-2020 ($Million)
Table 47 Asia-Pacific: Rail Composites Market Size, By Application, 2013-2020 (KT)
Table 48 Asia-Pacific: Rail Composites Market Size, By Country, 2013–2020 ($Million)
Table 49 Asia-Pacific: Rail Composites Market Size, By Country, 2013–2020 (KT)
Table 50 China: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 51 China: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 52 Japan: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 53 Japan: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 54 India: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 ($Million)
Table 55 India: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013–2020 (KT)
Table 56 Rest of Asia-Pacific Countries: Rail Composites Market Size, By Type of Fiber  Reinforcement, 2013–2020 ($Million)
Table 57 Rest of Asia-Pacific Countries: Rail Composites Market Size, By Type of Fiber  Reinforcement, 2013–2020 (KT)
Table 58 RoW: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020  ($Million)
Table 59 RoW: Rail Composites Market Size, By Type of Fiber Reinforcement, 2013-2020 (KT)
Table 60 RoW: Rail Composites Market Size, By Application, 2013-2020 ($Million)
Table 61 RoW: Rail Composites Market Size, By Application, 2013-2020 (KT)
Table 62 New Product Launches
Table 63 Agreement and Supply Contracts
Table 64 Mergers & Acquisitions
Table 65 Expansions


List of Figures ( 51 Figures)
 
Figure 1 Rail Composites Market Segmentation
Figure 2 Rail Composites Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 6 Interior Components to Drive the Rail Composites Market
Figure 7 Rail Composites Market is Dominated By Glass Fiber Composite
Figure 8 Rail Composites Market Share, By Region, 2014 (Volume & Value) & Cagr%(2015-2020)
Figure 9 Attractive Opportunities in Rail Composites Market, 2015-2020
Figure 10 Glass Fiber Composites Account for the Largest Share in the Emerging Asia-Pacific Market
Figure 11 India is Expected to Witness Highest Growth Between 2015 - 2020
Figure 12 China is Estimated to Drive the Rail Composite Market Between 2015 & 2020
Figure 13 European Rail Composites is Heading Towards the Maturity Stage
Figure 14 Rail Composites Market, By Fiber Type
Figure 15 Rail Composites Market, By Resin Type
Figure 16 Rail Composites Market, By Application
Figure 17 Increasing Demand for HSR is Expected to Drive the Rail Composites Market  (2015-2020)
Figure 18 Overview of Rail Composite Value Chain
Figure 19 Glass Fiber Manufacturing Process
Figure 20 Carbon Fiber Manufacturing Steps
Figure 21 Porter’s Five Forces: Intensity of Rivalry is High Due to Presence of Few Players
Figure 22 Carbon Fiber Composites to Outpace Other Markets, 2015 vs  2020
Figure 23 Asia-Pacific Expected to Drive the Glass Fiber Composites Market in Rail  Application From, 2015 to 2020
Figure 24 Glass Fiber Composites Market Share (Volume) in Rail, By Region, 2013–2020 (%)
Figure 25 Carbon Fiber Composites Market Dominated By Asia-Pacific Region
Figure 26 Carbon Fiber Composites Market Share (Volume) in Rail, By Region, 2013–2020 (%)
Figure 27 Phenolic Composites to Dominate the Rail Composite Market Between 2015 & 2020
Figure 28 Interior Components Application Dominated the Rail Composites Market in 2014
Figure 29 Interior Components Application Expected to Dominate the Rail Composites Market From 2015 to 2020
Figure 30 Rail Exterior Composites Market Share (Value), By Region, 2014 vs  2020
Figure 31 Asia Pacific Dominated the Exterior Composite Rail Application in 2014
Figure 32 Asia-Pacific is the Leading Rail Interior Composites Market
Figure 33 Rail Interior Composites Market Share (Volume), By Region, 2014–2020
Figure 34 Asia-Pacific is Expected to Drive the Rail Composites Market From 2015-2020
Figure 35 Rail Composites Market Share (Value), By Region, 2013-2020
Figure 36 U.S. is the Major Market for Rail Composites in North America (2014)
Figure 37 U.K. is Expected to be the Fastest-Growing European Market for Rail Composites (2015-2020)
Figure 38 China is Expected to Drive the Rail Composites Market in Asia-Pacific
Figure 39 Companies Adopted New Product Launches, as Key Growth Strategy in the Last Five Years 2010-2015
Figure 40 Major Growth Strategies in Rail Composites Market, 2010–2015
Figure 41 Developments in the Global Rail Composites Market, 2010–2015
Figure 42 Rail Composites Market Growth Strategies, By Company, 2010-2015
Figure 43 Regional Revenue Mix of Key Composite Material Suppliers
Figure 44 Cytec Industries Inc: Company Snapshot
Figure 45 Cytec Industries, Inc.: SWOT Analysis
Figure 46 Gurit Holding AG: Company Snapshot
Figure 47 Teijin Limited: Company Snapshot
Figure 48 Teijin Limited: SWOT Analysis
Figure 49 Hexcel Corporation: Company Snapshot
Figure 50 Hexcel Corporation: SWOT Analysis
Figure 51 TPI Composites: SWOT Analysis

The rail composites market is projected to witness a CAGR of more than 8.5% between 2015 and 2020, and is expected to reach global market value of more than $1 billion by 2020.

The global market is witnessing high growth because of its increasing use in different applications, such as interior and exterior components. Decreasing cost of rail composite processing and reduced cycle time are further anticipated to drive the market globally in the projected period.

Glass fiber composite is the most consumed rail composite across the world. Most of the rail composite materials offer superior properties than the conventional materials and have flexible nature, making them moldable in any shape. Use of composites in rail makes it lighter and renders greater resistance to heat, external impact and improves fuel efficiency. Also, rail makers are focusing on vehicle weight reduction.

The interior components application is witnessing the high demand. Use of carbon fiber composite in rail applications has a wide scope of expansion, but its high cost is hindering the use of carbon fiber composite in the rail industry.

The major countries consuming rail composite include U.S., Russia, China, Germany, the U.K., India, Canada, and Japan.

The key participants in this market are rail composite material suppliers, and composite rail part manufacturers. Toray Industries Inc. (Japan), Cytec Industries Inc. (U.S.), Koninklijke Ten Cate nv (Netherlands), Gurit Holding AG (Switzerland), Hexel Corporation (U.S.), Teijin Limited (Japan), AIM ALTITUDE (U.K.), Dartford Composites Ltd. (U.K.), Kemrock Industries And Exports Limited (India), Premier Composite Technologies (Dubai), FDC Composites Inc. (Canada), TPI Composites Inc. (U.S.), etc are some of the key companies involved in rail composites market.

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