Rail Composites Market Growth Forecast at 8.5% CAGR to 2020

PUNE, India, September 1, 2015 /PRNewswire/ --

The rail composites market is projected to witness an estimated 8.5% CAGR growth from 2015 to reach $1 billion by 2020 with Asia-Pacific and European regions being the world's largest markets for rail composite.

Complete report on rail composites market spread across 127 pages, profiling 10 companies and supported with 65 tables and 51 figures is now available at http://www.rnrmarketresearch.com/rail-composites-market-by-fiber-type-glass-fiber-carbon-fiber-and-others-applications-interior-exterior-etc-by-resin-type-polyester-phenolic-epoxy-etc-and-by-geography-trend-and-foreca-market-report.html .

Composites have found wide acceptance in various industries including rail because of their light weight and environmental resistance characteristics. On the basis of application areas, the rail composites market can be broadly segmented into interior, exterior, and others. The demand for composites in rail interior components is growing because of its impressive strength-to-weight ratio and appearance properties. The Europe and Asia-Pacific regions are the biggest rail composites market, accounting for more than 60% of the total rail composite demand in 2014. There is a lot of scope in the Asia-Pacific rail composites market due to high demand and increasing rail manufacturing base in the region. With the emerging technological developments and innovations, the global demand for rail composite may further augment at a higher pace.

Currently, the penetration of rail composite is increasing in high speed trains and this trend can be seen being extended to mid-speed trains as well. The design flexibility offered by composites is pushing the rail composites market in different rail applications. Technological developments & innovations and expansions are identified as key strategies to expand the rail composite market. This study on rail composites market estimates its global demand and market value for 2015 and projects the expected demand and market value of the same by 2020. As a part of the quantitative analysis, the study segments the global market by types and applications at country level with current market estimation and forecast till 2020. The major countries covered in the report are the U.S., Canada, U.K., Germany, China, Russia, Japan, India, etc. The rail composites market segmentation by fiber type includes glass fiber composite, carbon fiber composite, and other composites; while on the basis of type of resin used, the segmentation includes Epoxy, Polyester, Polyurethane, Vinyl Ester, etc. The segmentation by application, includes exterior, interior, and other components.

As a part of qualitative analysis, the research provides report with a comprehensive review of key rail composites market drivers, restraints, opportunities, and burning issues in the market. It also includes company profiling and competitive strategies adopted by various material suppliers including Toray Industries (Japan), Cytec Industries Inc. (U.S.), Royal TenCatenv (Netherlands), Gurit Holding AG (Switzerland), Hexcel Corporation (U.S.), and Teijin Limited (Japan). The top rail composite components manufacturers such as AIM ALTITUDE (U.K.), Dartford Composites Ltd. (U.K.), and Exports Limited (India), Premier Composite Technologies (Dubai), FDC Composites Inc.(Canada), TPI Composites Inc. (U.S.), etc. are also included. Order a copy of Rail Composites Market by Fiber type (Glass fiber, Carbon fiber and others), Applications (Interior, Exterior etc.), by resin type (Polyester, Phenolic, Epoxy etc.) and by geography - Trend and Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=306212 .

China is the key consumer for rail composites market in Asia-Pacific. Growth of high speed train in China and South Korea is one of the biggest drivers for rail composites market in Asia pacific region. China's rollout of its high-speed rail network started in 2007. By now, it rolled out many high-speed rail lines. Various product launches, partnerships, agreements, and expansions have in turn made the regions a potential growth market for rail composite. Glass fiber composite is the biggest rail composite material driven by its high demand for various rail applications. Interior components are the growing application of rail composite and are projected to grow at a healthy rate in projected period. The report also defines driving and restraining factors for the global rail composite market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Additionally, the market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional rail composite market is further segmented on the basis of major applications.

On a related note, another research titled Thermoplastic Composites Market by Product Type (SFRT, LFRT, GFRT, CFRT), by Fiber Type (Carbon Composite, Glass Composite, among others), by Application (Transportation, Aerospace & Defense, Electricals & Electronics, Consumer Goods, among others) and by Region - Trends & Forecasts to 2020 says thermoplastic composites market size of end products in terms of value is projected to reach around $9.9 billion by 2020 and is expected to grow at a CAGR of 6.5% between 2015 and 2020. Major market segments which are expected to drive this market are transportation, aerospace & defense, electrical & electronic, and consumer goods. The market demand for the use of thermoplastic composites is increasing across a wide spectrum of applications, and sustained growth is expected for thermoplastic composites in the electrical and electronics, transportation, and aerospace & defense industry segments over the next five years. Very fast part forming cycle time and high impact strength are boosting the penetration of thermoplastic in these applications. Comprehensive table of contents, list of companies profiles, tables and figures provided and much more on this research is available at http://www.rnrmarketresearch.com/thermoplastic-composites-market-by-product-type-sfrt-lfrt-gfrt-cfrt-by-fiber-type-carbon-composite-glass-composite-among-others-by-application-transportation-aerospace-defense-electricals-electronics-consumer-goods-among-othe-market-report.html .

Explore more reports on the materials and chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .

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