The pages “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”
The global market for Rail Composite is growing at a healthy
rate with Asia-Pacific and Europe as a leading consumer, followed by the North
America. The major types of composite used in rail applications are glass fiber
composite, carbon fiber composite, and other composites. Glass fiber composite
is the largest material type for rail composite. In terms of volume,
Asia-Pacific is projected to witness a high growth rate between 2015 and 2020
and is currently the fastest-growing market for rail composite.
This report follows both top-down and bottom-up approaches to
estimate and forecast the global rail composite market by volume and value.
This report focuses on the global rail composite market by its fiber type,
resin type, application, and region.
Asia-Pacific is the fastest growing market for rail composite
across the world, followed by Europe and the North America. China is one of the
world’s largest consumers for rail composite. Favorable trends in high speed
rail industry and increasing demand for rail composite are some of the factors
responsible for extensive expansions in the Asia-Pacific region. Toray
Industries, Inc. (Japan), and Teijin Limited (Japan) are some of the major
composite material manufacturers in Asia-Pacific. Europe is projected to
witness decent growth rate, especially in countries like U.K. and Germany due
to high demand of composite in different rail applications. The need for fuel
efficient vehicles, reduced weight and parts consolidation of rail is driving
the growth of rail composite market. With extensive research and cost-effective
mass production techniques in place, would result in a direct increase in
composite demand for the all the application areas also including the rail
sector.
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