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The global rail composites market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Rail composites refer to various synthetic materials used for enhancing flexibility in train designs and optimizing their performance. Some of the commonly used resins include polyester, phenolic, epoxy and vinyl esters. They are used to manufacture interior and exterior components of the trains, such as the ceiling, flooring, wall panels, seats, toilet modules and doors, as they offer resistance against high temperatures, moisture, corrosion, stress and fire. These materials also improve the aesthetic appeal of the compartment and minimize the energy consumption and noise and vibration levels to enhance the comfort for passengers.
Significant growth in the travel and tourism industry across the globe, along with the increasing preference for a luxurious travel experience by the passengers, represents one of the key factors creating a positive outlook for the market. Furthermore, the rising emphasis of rail manufacturers toward utilizing energy and cost-effective materials is providing a thrust to the market growth. With the escalating demand for high-speed rail (HSR), rail composites are being widely used to produce light-weight body shells, bogies, heating, ventilation and air conditioning (HVAC) systems and interior linings to minimize the overall weight of the train. Additionally, various product innovations, such as the development of alternative composite materials, such as phenolic sheet molding compounds (SMC), modified epoxy glass pre-preg and thermoplastics, are acting as other growth-inducing factors. Product manufacturers are also developing natural fiber and resin-based reinforcements that are biodegradable and sustainable alternatives to the existing composites. Other factors, including extensive research and development (R&D) activities, along with infrastructural developments, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global rail composites market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on fiber type, resin type and application.
Breakup by Fiber Type:
Breakup by Resin Type:
Breakup by Application:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 3A Composites Holding AG (Schweiter Technologies AG), AIM Altitude (AVIC International Aero-Development Corporation), Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexcel Corporation, Koninklijke Ten Cate B.V., Teijin Limited, Toray Industries Inc. and TPI Composites Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Fiber Type, Resin Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||3A Composites Holding AG (Schweiter Technologies AG), AIM Altitude (AVIC International Aero-Development Corporation), Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexcel Corporation, Koninklijke Ten Cate B.V., Teijin Limited, Toray Industries Inc. and TPI Composites Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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