Stratview Research delivers key insights on the Rail Composites market in its latest report titled Rail Composites 2020-2025.
According to the report, the global Rail Composites Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The global market is witnessing high growth, owing to the growing use of rail composites in various applications, such as interior and exterior components. Diminishing cost of rail composite processing and lessened cycle time are further expected to drive the market globally during the forecast period.
It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360-degree Rail Composites market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.
Market Segmentation
Rail Composites Market is Segmented by the following-
- Fiber Type (Glass Fiber Composites, Carbon Fiber Composites),
- Resin Type (Polyester, Phenolic, Epoxy, and Vinyl ester),
- Application Type (Exterior, Interior),
- Region (North America, Europe, Asia-Pacific, and Rest of the World).
Region-wise segmentation of the market
In terms of regions, the Asia-Pacific and the European regions accounted for the world’s largest rail composites market in 2018. China is estimated to be the major consumer of rail composite in the Asia-Pacific region in the coming five years. The market is driven by the development of high-speed train in China and South Korea in the Asia-Pacific region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
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