The composites market in the global rail industry is expected to reach $821 million by 2021

IRVING, Texas, Feb. 24, 2017 -- According to a new market report published by Lucintel, 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.

This report has 113 figures/charts and 37 tables spread through 137 pages. For more detail please click http://www.lucintel.com/composites_in_rail_industry_2016.aspx

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.

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

Download Free PDF Report Brochure here http://www.lucintel.com/rb/composites_in_rail_industry_2016.aspx

The study includes a forecast for the growth opportunities for the composites market in the global rail industry by end use application, resin, fiber, manufacturing process, and region as follows:

By end use application [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:

Interior
Exterior

By manufacturing process [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:

Open mold
Pultrusion
RTM/VARTM
SCRIMP
Injection Molding
Others

By fiber [volume (M lbs) and Value ($ Million) from 2010 to 2021]:

Glass fiber
Carbon fiber and Others

By resin [volume (M lbs) and Value ($ Million) from 2010 to 2021]:

Polyester
Vinyl Ester
Phenolic
Epoxy
Others

This 137-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/composites_in_rail_industry_2016.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit us at www.lucintel.com

Tushita Roy
Sr.Manager- Client Engagement,
Lucintel
Netherlands
+31-682270883
tushita.roy@lucintel.com

SOURCE Lucintel