According to the IMARC Group, Rail composites refer to different synthetic materials used to enhance the flexibility and performance of train designs. Some of the common resins that are widely used as rail composites include polyester, phenolic, epoxy and vinyl esters. They are primarily utilized to manufacture the interior and exterior components of the trains, such as ceilings, flooring, seats, wall panels, toilet modules, and doors. Rail composites offer better resistance against high temperatures, humidity, stress, fire and corrosion, in comparison to their metallic counterparts. These materials also enhance the aesthetic appeal of the compartment and minimize the energy consumption, noise and vibration to enhance passenger comfort.
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The market is primarily propelled by the significant growth in the travel and tourism industry, along with the increasing consumer preferences towards luxury travel experience. Additionally, the growing emphasis of rail manufacturers on the use of energy-efficient and cost-effective raw materials is further driving the market growth. Due to the escalating demand for high-speed rail (HSR), rail composites are widely adopted to manufacture lightweight components of the trains to minimize the overall structural weight. Moreover, several product innovations, such as the development of natural fiber and resin-based variants that are biodegradable and sustainable substitutes to the existing composites, will further continue to drive the market for rail composites in the coming 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.
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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.
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Note: As the novel coronavirus (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.
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