Rail Composites Market worth $2.4 billion by 2028

The “Rail Composites Market by Fibre Type (Glass Fibre, Carbon Fibre), Resin Type (Polyester, Phenolic, Epoxy, Vinyl Ester), Manufacturing Process (Lay-up, Injection Moulding, Compression Moulding, RTM), Application, & Region – Global Forecast to 2028” is expected to be valued at USD 1.7 billion in 2023 and is predicted to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2028. This information is based on a recently published report by MarketsandMarketsTM. Composites have a high strength-to-weight ratio and durability, which will make them appropriate for usage in a variety of rail applications in the coming years.Fast urbanisation and the expanding economies of many emerging nations are some of the main drivers of the global rail industry and, consequently, rail composites.

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160525988

  • 239 Market data Tables
  • 64 Figures
  • 217 Pages and in-depth TOC on “Rail Composites Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

Gurit Holdings AG (Switzerland), Hexcel Corporation (US), 3A Composites (Switzerland), Toray Industries, Inc. (Japan), Solvay (Belgium), Teijin Limited (Japan), Premier Composite Technologies (UAE), Dartford Composites Ltd. (UK), Exel Composites (Finland), Avient Corporation (US), Kineco Limited (India), BASF SE (Germany), AVIC Cabin Systems (UK), BFG International (Bahrain), and Reliance Industries Ltd. (India) are some of the major companies in the rail composites market. In order to preserve and bolster their positions in the international rail composites market, major players are implementing growth strategies.

Leave a Comment

Your email address will not be published. Required fields are marked *