DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities for Composites in the Global Rail Industry" report to their offering.
The market for composites applications in the global rail industry is expected to reach an estimated $821 million by 2021 and it is forecast to grow at a CAGR of 3.6% from 2016 to 2021.
Trends, opportunities and forecast in this market to 2021 by end use application (interior, exterior), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding and others), fiber (glass fiber, carbon fiber and others), resin (polyester, vinyl ester, phenolic, epoxy and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of global rail composites market looks good with opportunities in the interior and exterior applications. The major drivers for the growth of this market are increased demand for lightweight materials and development of high speed trains. Furthermore, composites offer higher performance benefits than traditional materials like steel and aluminum.
Emerging trends which have a direct impact on the dynamics of the industry include the development of green technology products and high performance composites for interior and exterior applications.
By application in the global rail industry, the interior segment is expected to remain the largest market by volume. Increasing demand for high performance, fire retardant materials with good aesthetic properties are the major driving forces that spur growth for this segment over the forecast period.
Europe is expected to remain the largest market for composite consumption in the rail industry, whereas APAC is likely to witness the highest growth rate during the forecast period due to expected increase in high speed train production and growing demand for mass transportation in the region.
Key Topics Covered:
1. Executive Summary
2. Industry Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunities and Strategic Analysis
6. Company Profiles of Leading Players
- Able Manufacturing & Assembly, LLC
- Aviation Industry Corporation of China (AVIC)
- Exel Composites
- Joptek Composites
- Miles Fiberglass & Composites
- Premier Composite Technologies
- Rochling Engineering Plastics
- Sintex Wausaukee Composites
- Stratiforme Industries
- TPI Composites
For more information about this report visit http://www.researchandmarkets.com/research/48x44l/growth