Sep 11, 2018   SOURCE: BusinessWire

$978 Million Growth Opportunities for Composites in the Global Passenger Rail Market, 2018-2023 - ResearchAndMarkets.com

The "Growth Opportunities for Composites in the Global Passenger Rail Market" report has been added to ResearchAndMarkets.com's offering.

The composites in the global passenger rail market is expected to reach an estimated $978 million by 2023 and it is forecast to grow at a CAGR of 5.1% from 2018 to 2023.

The global passenger rail market looks good with opportunities in the interior and exterior applications. The major drivers for the growth of this market are the development of high-speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.

Emerging trends, which have a direct impact on the dynamics of composites in the global passenger rail industry, include the development of green technology products and high-performance composites for interior and exterior applications. Major Composite Component Manufacturers in the Global Passenger Rail Industry

The researchers forecast that the front end cab is expected to remain the largest application and toilet module will witness the highest growth during the forecast period.

In the rail market, RTM/VARTM, open mold, pultrusion, SCRIPM, and injection molding are some of the major processes utilized to manufacture composite parts. RTM/VARTM is expected to remain the largest process in composites part manufacturing for the rail industry, supported by the low cycle time and ease of manufacturing.

Europe is expected to remain the largest market for composites products in the passenger rail industry, whereas APAC is likely to witness the highest growth during the forecast period due to the expected increase in high-speed train production and growing of mono and metro rail network.

Joptek Composites, Sintex Wausaukee Composites, Excel Composites, Miles Fiberglass & Composites, and TPI Composites are among the major molders in the global rail composites market.

Scope of the Report

Composites in the Global Passenger Rail Market by Application [Volume (M lbs.) and Value ($ Million) from 2012 to 2023]:

  • Interior
    • Ceiling
    • Flooring
    • Wall Panel
    • Toilet Module
    • Seat
    • Others
  • Exterior
    • Front end
    • Door
    • Others

Composites in the Global Passenger Rail Market by Fiber [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

  • Glass fiber
  • Carbon Fiber & Others

Composites in the Global Passenger Rail Market by Resin [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

  • Epoxy
  • Polyester
  • Phenolic
  • Vinylester
  • Others

Composites in the Global Passenger Rail Market by Manufacturing Process [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

  • RTM/VARTM
  • Open Mold
  • Pultrusion
  • SCRIMP
  • Injection Molding
  • Others

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2011 to 2022

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

  • Joptek Oy Composites
  • Able Manufacturing & Assembly, LLC
  • Aviation Industry Corporation of China (AVIC)
  • Sintex Wausaukee Composites
  • Exel Composites
  • Miles Fiberglass & Composites
  • Premier Composite Technologies
  • TPI Composites
  • Stratiforme Industries
  • Rochling Engineering Plastics
For more information about this report visit https://www.researchandmarkets.com/research/jw6mqq/978_million?w=4