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    Rail Composites Market

    Rail Composites Market
    Report code - SRTI153 Delivery - 2 Weeks

    Rail Composites Market - Size, Share, Trend, and Forecast&nb See more...

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    Rail Composites Market Insights 

    Rail composites market is likely to witness an impressive CAGR of 10.2% during the forecast period. The global market is witnessing high growth, owing to the growing use of rail composites in various applications, such as interior and exterior components. Diminishing cost of rail composite processing and lessened cycle time are further expected to drive the market globally during the forecast period.

    Rail Composites Market - Snapshot

    Growth

    10.2% for the next five years

    Major Fiber Type

    Glass fiber

    Dominant Application Type

    Interior components application

    Region with the highest demand

    Asia-Pacific and Europe

    Key Players

    Cytec Industries Inc., Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexel Corporation, Kemrock Industries and Exports Limited, Koninklijke Ten Cate nv, Premier Composite Technologies, Toray Industries Inc., and TPI Composites Inc.

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    Rail Composites Market Share: By Fiber Type 

    Based on the fiber type, the market is segmented as glass fiber composites and carbon fiber composites. The glass fiber composites segment is the widely consumed rail composite across the globe. A maximum of rail composite materials delivers premium properties against traditional materials and offer flexibility, enabling them to be moldable in any form. The usage of composites in rail makes it lighter and provides enhanced confrontation to heat, external influence, and furthers fuel efficiency. In addition, rail makers are converging on overall vehicle- weight reduction.

    Rail Composites Market Share: By Application Type

    Based on the application type, the market is segmented as exterior and interior components. The interior components application segment is beholding the high demand. The engagement of carbon fiber composite in various rail applications has an extensive area of expansion, but its high cost is impeding the employability of carbon fiber composite in the rail industry.

    Rail Composites Market Share: By Region

    In terms of regions, the Asia-Pacific and the European regions accounted for the world’s largest rail composites market in 2018. China is estimated to be the major consumer of rail composite in the Asia-Pacific region in the coming five years. The market is driven by the development of high-speed train in China and South Korea in the Asia-Pacific region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

    Some of the major players in the rail composites market are Cytec Industries Inc., Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexel Corporation, Kemrock Industries And Exports Limited, Koninklijke Ten Cate nv, Premier Composite Technologies, Toray Industries Inc., and TPI Composites Inc. 

     

    Market Scope & Segmentation

    Rail composites are growing across the globe due to their amazing benefits towards the railway industry globally. Some of the amazing benefits of using glass fiber composites and carbon fiber composites for rail components are cost-effectiveness, better safety, and increased payload, faster acceleration of train, customizable solutions, and lower maintenance.

    Rail composites are used for both exteriors as well as interior parts and make use of different resins such as polyester, epoxy, phenolic, and vinyl ester.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Rail Composites Market Research Report - Features

    Market Segmentation

    4 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The rail composites market is segmented into the following categories. 

    Rail Composites Market Size, Share, & Forecast, by Fiber Type:

    • Glass Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rail Composites Market Size, Share, & Forecast, by Resin Type:

    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vinyl ester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rail Composites Market Size, Share, & Forecast, by Application Type:

    • Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Rail Composites Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the fiber types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

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