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Rail Composites Market is Forecast to Reach US$ 1.64 Billion in 2028, Says Stratview Research
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The global Rail Composites Market is segmented based on fiber type, resin type, manufacturing process type, rail type, application type, and region.
- The rail composites market is segmented into glass fiber composites and carbon fiber composites. Between fiber types, during the forecast period. Glass fibers offer a multitude of advantages including good mechanical strength, longer life, lightweight, and corrosion resistance at a relatively low cost. Glass fibers have been gaining traction in all train types across regions. Carbon fiber is gaining momentum very fast, especially in high-speed trains, mainly in China.
- The market is segmented into polyester composites, vinyl ester composites, phenolic composites, epoxy composites, and others. during the forecast period. They also provide adequate structural integrity for many rail components, especially those that are not subjected to extremely high stress or loads. This is particularly relevant for interior components, panels, and non-load-bearing parts. The addition of flame-retardant additives in the unsaturated polyester resins makes it suitable for all interior applications.
- The market is segmented into open mold, pultrusion, resin infusion, compression/injection molding, and others. Among these process types,
- The market is segmented into high-speed trains, rapid transit, regional/commuter trains, and locomotives. during the forecast period.
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The report suggests that . This growth is majorly attributed to the following –
Some of the key reasons that are propelling the growth of the market include-
1. Increasing Investments in Railway Infrastructure:
Government initiatives and private investments are driving the development of new railway lines, high-speed rail networks, and metro systems worldwide. This translates to a higher demand for rail vehicles and components, including those utilizing composite materials.
2. Performance Advantages of Rail Composites:
Reduced weight of trains: This results in improved fuel efficiency, lower emissions, and increased payload capacity.
Durability: Composites offer exceptional resistance to corrosion, wear and tear, and harsh weather conditions, leading to a longer lifespan and reduced maintenance costs.
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With the numerous advantages of composites, there has been a large demand for composite-based rail equipment over the years A majority of rolling stock manufacturers use glass fiber composites to manufacture their rail equipment. Although the engagement of carbon fiber composites in various rail applications has an extensive area of expansion, its high cost is currently impeding its employability in the rail industry. The market is populated with several companies manufacturing composite parts using glass fiber and carbon fiber composites. These companies hold distinct capabilities in manufacturing rail parts. The following are the key players in the rail composites market:
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