New York, NY -- (SBWIRE) -- 09/14/2018 -- Rail composites offer significant flexibility in a trains design and helps optimize its performance. Composite materials are increasingly used in the railway industry wherein performance improvement is critical. Composites have been used in railways as they meet their rigorous requirements. The use of composites in engineering designs has become vital due to their satisfactory performance in extreme conditions such as high temperature, moisture, pressure, corrosion, high stress, possesses fire retarding properties and so on. Rail composites lower energy consumption, help inhibits vibration to reduce noise levels and improve passenger comfort.
"The Global Rail Composites Market is accounted for US$ 697.37 Mn in 2018 and is expected to reach US$ 948.90 Mn by 2025 growing at a CAGR of 3.5% during the forecast period."
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Rail composites are most widely used instead of steels because of their high strength to weight ratio. Currently, a significant number of vehicles use existing fuel technologies such as gasoline and diesel. This has increased demand for low fuel economy vehicles. Due to increasing environmental concerns and stringent regulations on pollution control, automakers had to develop vehicles to use advanced technology and reduce pollution.
The Global Rail Composites Market is classified into carbon fiber composites and glass fiber composites, based on the fiber type. Among these, the glass fiber composite segment is anticipated as the largest rail composite material compelled by its high demand for various rail applications.
On the basis of applications, the interior segment is likely to persist the largest market share in terms of volume. Further, cumulative demand for high performance, fire retardant materials with good aesthetic properties are the key driving forces that will boost the growth of this segment during the conjecture period.
The Global Rail Composites Market is enhanced by factors such as:
Increased demand for lightweight materials.
Development of high-speed trains.
Higher performance benefits.
Decreasing cost of rail composite processing and reduced cycle time.
Top Key Player Studied In this Study are:
Exports Limited, Cytec Industries, FDC Composites, Royal TenCate nv, Gurit Holding AG, Hexel Corporation, Teijin Limited, Aim Altitude, Dartford Composites, Premier Composite Technologies, TPI Composites, Toray Industries
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The competitive landscape of the global Rail Composites market is described in terms of the players and their statistics. For each key player, the report reveals production rates, costing, overall pricing, revenue generation, and market share within the global market.
In terms of regional analysis, Europe is projected to endure the largest market in the rail industry, while Asia-Pacific is expected to witness the highest growth rate over the study period owing to expected upsurge in high speed train production and increasing demand for mass transportation in the region. With the emerging technological developments and innovations, the global demand for Rail Composites Market may further augment at a higher pace.
Table of Contents
Global Rail Composites Market Research Report.
Chapter 1 Rail Composites Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 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 Market Effect Factors Analysis
Chapter 12 Market Forecast
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