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Rail Composites Market worth $1 Billion by 2020
The report “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” defines and segments the global rail composite market with an analysis and forecast of its global volume and value.
Browse 65 market data tables and 51 figures spread through 127 pages and in-depth TOC on “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"
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“Asia-Pacific and Europe: The Biggest Market of Rail Composite”
The Asia-Pacific and European region were the world’s largest market for rail composite 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. China’s rollout of its high-speed rail network started in 2007. By now, it rolled out many high-speed rail lines. Various product launches, partnerships, agreements, and expansions have in turn made the regions a potential growth market for rail composite.
“Glass Fiber Composite is the biggest material Type; while usage in interior components is growing”
Glass fiber composite is the biggest rail composite material driven by its high demand for various rail applications. Interior components are the growing application of rail composite and are projected to grow at a healthy rate in projected period.
Toray Industries (Japan), Cytec Industries Inc. (U.S.), Royal TenCate nv (Netherlands), Gurit Holding AG (Switzerland), Hexel Corporation (U.S.), and Teijin Limited (Japan) are some of the major supplier of rail composites material. Company profiling and competitive strategies adopted by top rail composite components manufacturers such as AIM ALTITUDE (U.K.), Dartford Composites Ltd. (U.K.), and Exports Limited (India), Premier Composite Technologies (Dubai), FDC Composites Inc. (Canada), TPI Composites Inc. (U.S.), etc. are also covered in the report.
The rail composites market is projected to witness growth at an estimated CAGR of 8.5% from 2015 to reach $1 billion by 2020. The report also defines driving and restraining factors for the global rail composite market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Additionally, the market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional rail composite market is further segmented on the basis of major applications.
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