Rail Composites Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Rail Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global rail composites market grew at a CAGR of around 6% during 2014-2019. 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. Looking forward, IMARC Group expects the global rail composites market to continue its moderate growth during the next five years.

Key Market Segmentation:

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 2020-2025. Our report has categorized the market based on region, fiber type, resin type and application.

Breakup by Fiber Type:

Glass Fiber Composite
Carbon Fiber Composite
Others

Breakup by Resin Type:

Polyester
Vinyl Ester
Phenolic
Epoxy
Others

Breakup by Application:

Interior
Exterior

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

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.

Key Questions Answered in This Report:

How has the global rail composites market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global rail composites market?
What are the key regional markets?
What is the breakup of the market based on the fiber type?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global rail composites market and who are the key players?
What is the degree of competition in the industry?