Railway Composites Market Overview
Global Railway Composites Market Size, Status, and Forecast 2022-2030. In-depth research accumulated to offer the latest insights about acute features of the global Railway Composites market. This report provides a detailed overview of key factors in the Railway Composites Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Railway Composites in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
The global Railway Composites market was valued at USD 1,469 Million in 2022, it is expected to exhibit a CAGR of 8.1% during 2022-2030.
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The worldwide market for railroad composites has shown consistent growth. Because composites make railroads lighter and offer unique properties that enhance their overall performance, they are extensively used in major economies. Additionally, the market for rail composites has been gradually recovering since COVID-19’s decline in demand, and it is anticipated to continue expanding during the forecast era.
The growing number of railroad projects in the Asia-Pacific region, particularly in China, India, and Singapore, as well as the demand for high-speed rail around the world are the main factors influencing the market’s development over the next few years.
The development of the research market is being hampered by a lack of rail infrastructure in nations like Vietnam, Indonesia, and Thailand as well as balance problems for the FST performance of rail composites.
However, the market being studied during the forecast period is anticipated to benefit from the increasing demand for lightweight rail rolling.
Some of the key players profiled in the study are
Cytec Industries Inc., Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexel Corporation, Kemrock Industries and Exports Limited, Koninklijke Ten Cate nv, Premier Composite Technologies, Toray Industries Inc., TPI Composites Inc., and Others.
Railway Composites Market Segmentation:
By Type:
Fibre Reinforced Plastics
Jute-Coir Composites
Thermoset Composites
Other
By Resin Type:
Polyester
Vinyl Ester
Phenolic
Epoxy
Others
By Application:
Exterior
Interior
Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
In 2019, more than 40% of the Rail Composites Market is made up of the APAC segment. The biggest countries in the area are China, Japan, and India. During the time frame of the forecast, these countries’ economies and populations are both growing quickly. China and India are likely to be important markets for railway composites because there is a lot of room for growth and a lot of demand for materials that last longer, need less maintenance, and don’t wear out as quickly. bed. Because of how quickly cities are growing in the APAC region, there is a growing demand for metro and regional railways to travel between cities. This is driving the market growth, especially since modern coaches are made of composite materials. According to a report from the Government of India (GOI), India wants to build 1,000 kilometres (km) of railways in 100 smart cities by 2022.
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Latest Developments:
In May 2021, Celanese announced a three-year plan to expand its long-fiber thermoplastic (LFT) production capacity in Nanjing, China. It is scheduled to be completed in the second half of 2023.
In July 2019 – Gurit (SIX Swiss Exchange: GUR) reported on the successful completion of the acquisition of the PET manufacturing plant from Valplastic S.r.l. in Italy. In this acquisition, Gurit will continue the supply of quality cost-effective equipment and extend its value chain, which will continue to stimulate the rail composites market.
In January 2019, Hexcel Corporation finally acquired ARC Technologies LLC, a leader in custom RF/EMI and composite receiver applications. The acquisition strengthens Hexcel’s advanced materials portfolio in composite and thermoplastic processing, which boosts the market.
Table of Content of Railway Composites Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Railway Composites market (2022-2030).
2: Exclusive Summary – the basic information of the Global Railway Composites Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Railway Composites; Post COVID Analysis.
4: Presenting the Global Railway Composites Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Railway Composites Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2030).
… To be continued
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Key Questions Answered in the Railway Composites Market Report:
- How much was the global Railway Composites market in 2022?
- How much will the global Railway Composites market worth in 2030?
- At what compound annual growth rate will the global Railway Composites market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Railway Composites market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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