The Composites Market in the Global Rail Industry Is Expected to Reach $821 Million by 2021
The future of global rail composites market looks good with opportunities in the interior and exterior applications. The market for composites applications in the global rail industry is expected to reach an estimated $821 million by 2021 and it is forecast to grow at a CAGR of 3.6% from 2016 to 2021. The major drivers for the growth of this market are increased demand for lightweight materials and development of high speed trains. Furthermore, composites offer higher performance benefits than...
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