The report includes a thorough overview of the competitive landscape and regulatory framework of the Global Rail Composites Market.
Houston, TX -- (SBWIRE) -- 08/15/2018 -- Rail composites are used to achieve optimal train performance through considerate flexibility in train design. The use of composite materials is increasing in the railway industry throughout the world as it has become very crucial to improve performance and meet the regulations levied by the railways. It is also used in engineering designs because of their satisfactory and improved performance in extreme conditions such as high temperature, moisture, pressure, corrosion, high stress, fire retarding properties and so on. Railway composites helps in decreasing energy consumption, diminishing of vibration to reduce noise levels and improve passenger comfort. Rail composites lower energy consumption, help inhibit vibration to reduce noise levels and improve passenger comfort.
In terms of revenue, the Global Rail Composites Market was valued at US$ 697.37 Mn in 2018 and is expected to reach US$ 948.90 Mn by 2025, expanding at a CAGR of 3.5% from 2018 to 2025.
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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
The rapid growth of the Indian railway composite market is mainly due to the organic growth of the Indian railway industry. The Indian Railway has increased its investment to expand its existing rail network to support increasing passenger traffic. The government is also raising the production capacity of railway coaches to run additional trains on existing or new networks. For example; The Integral Coach Factory (ICF) Chennai is expected to produce about 15,000 rail coaches over the next five years. At the same time, the government is launching a new railway coach factory to meet the ever-increasing demand.
In addition, the handsome growth of the Indian rail industry is drawing the attention of many global companies. Most of the major global corporations are focusing their attention on various railway projects in India, with India as a new revenue source. Some of them have already entered the Indian market by building factories in other parts of India. These athletes are aiming not only for the enormous potential of the growing Indian railway industry, but also for the export of neighboring countries.
The second major factor in the demand for compounds is the constant increase in infiltration. Composites are one of the most diverse materials that offer significant advantages over competitors including metals. Light weight, high strength to weight ratio and excellent corrosion and fatigue resistance are just some of the many benefits that composites bring to the table. From traditional heavyweight parts to lightweight composite parts, there has been constant change.
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The is able to separate the rail composite market into North America, Latin America, Asia Pacific, Europe and the Middle East and Africa. The Asia-Pacific region has led the global railway composite market in the last decade as rail composite usage has increased in the region's transportation industry. This trend is expected to continue during the forecast period. China, India and Japan are expected to become key players in the railway composite market due to the availability of economic labor force. There is a high demand for materials that provide long-term service, reduce maintenance costs, and improve resistance to abrasion.
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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