Market Overview:
The global hybrid plastic railroad ties market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for railway transportation and the growing need for energy-efficient and environment-friendly solutions. Hybrid plastic railroad ties are made up of polyurethane, HDPE, or other materials, which makes them durable and resistant to weathering and decay. These factors are expected to drive the demand for hybrid plastic railroad ties in the coming years. The global hybrid plastic railroad ties market is segmented on the basis of type, application, and region. On the basis of type, PU dominates the market with a share of more than 60%. This can be attributed to its properties such as durability and resistance to weathering and decay.
Product Definition:
A railroad tie is a large, wooden beam used to support the rails of a railroad track. Railroad ties are typically made from treated lumber so that they will last longer than normal wood. Some hybrid plastic railroad ties are also made from recycled plastic materials. These ties have several advantages over traditional wooden ties. First, they are more environmentally friendly because they are made from recycled materials. Second, they last longer than traditional wooden ties because they do not rot or decay. This makes them ideal for use in areas where the weather is harsh or moist.
PU:
Polyurethane (PU) is a polymer, which is widely used in the manufacturing of hybrid plastic railroad ties. It offers several properties such as high strength, abrasion resistance, and excellent durability. These are some of the major factors that drive its demand in the market for hybrid plastic railroad ties.
The global polyurethane market size was valued at USD 4.6 billion in 2016.
HDPE:
High-density polyethylene (HDPE) is a widely used thermoplastic polymer in the manufacturing of plastic railroad ties. HDPE has superior properties such as high chemical resistance, low moisture absorption, and excellent strength retention over other conventional plastics such as PVC and PE. These properties have made HDPE one of the most preferred materials for use in hybrid rail road tie designs that are subject to heavy loadings and frequent flexing & stretching.
Application Insights:
The railway application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The railway industry has been one of the major adopters of plastic ties due to their low cost, high durability, and ease of installation. Plastic ties are lightweight compared to metal or wooden alternatives, which reduces maintenance costs as well as fuel consumption. Furthermore, plastic ties do not require any form of coating or sealing; this makes them suitable for use on tracks that come into direct contact with heavy-duty vehicles such as trains.
Petrochemical was another prominent segment accounting for a significant market share in 2017 owing to growing demand from oil & gas refineries across the globe coupled with increasing production units across various countries including Saudi Arabia China Russia Uae etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure spending coupled with rising demand for crude oil & gas in countries, such as China, India, Indonesia and Japan. In addition, growing industrialization coupled with rapid urbanization has led to an increase in construction activities across emerging economies of Asia Pacific region. This factor is projected to fuel regional product demand during the forecast period.
The market for hybrid plastic railroad ties in Europe accounted for a share of more than 20% owing to high acceptance from end-users including railway operators and infrastructure developers across this region due to cold weather conditions required by ties products which makes it suitable alternative conventional steel ties used worldwide.
Growth Factors:
- Increasing demand for railway transportation in developing countries
- Government initiatives for development of hybrid plastic railroad ties
- Rising prices of traditional materials used in railroad ties
- Technological advancements in the production of hybrid plastic railroad ties
- Growing awareness about the benefits of using hybrid plastic railroad ties
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Plastic Railroad Ties Market Research Report
By Type
PU, HDPE, Others
By Application
Railway, Petrochemical, Mining
By Companies
Sekisui, Lankhorst Mouldings, Axion Structural Innovations, Sicut Enterprises, Voestalpine BWG GmbH, TieTek LLC, Greenrail Group, IntegriCo Composites, Atlas Ties, Tufflex Rail Sleepers, Evertrak, Pioonier GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Plastic Railroad Ties Market Report Segments:
The global Hybrid Plastic Railroad Ties market is segmented on the basis of:
Types
PU, HDPE, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Railway, Petrochemical, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sekisui
- Lankhorst Mouldings
- Axion Structural Innovations
- Sicut Enterprises
- Voestalpine BWG GmbH
- TieTek LLC
- Greenrail Group
- IntegriCo Composites
- Atlas Ties
- Tufflex Rail Sleepers
- Evertrak
- Pioonier GmbH
Highlights of The Hybrid Plastic Railroad Ties Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PU
- HDPE
- Others
- By Application:
- Railway
- Petrochemical
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Plastic Railroad Ties Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hybrid plastic railroad ties are a type of tie made from a combination of plastic and metal. They are typically stronger than traditional wooden ties, but also more flexible. This makes them ideal for use in applications where strength and flexibility are both important, such as railway tracks.
Some of the major companies in the hybrid plastic railroad ties market are Sekisui, Lankhorst Mouldings, Axion Structural Innovations, Sicut Enterprises, Voestalpine BWG GmbH, TieTek LLC, Greenrail Group, IntegriCo Composites, Atlas Ties, Tufflex Rail Sleepers, Evertrak, Pioonier GmbH.
The hybrid plastic railroad ties market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Plastic Railroad Ties Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hybrid Plastic Railroad Ties Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid Plastic Railroad Ties Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hybrid Plastic Railroad Ties Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hybrid Plastic Railroad Ties Market Size & Forecast, 2020-2028
4.5.1 Hybrid Plastic Railroad Ties Market Size and Y-o-Y Growth
4.5.2 Hybrid Plastic Railroad Ties Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PU
5.2.2 HDPE
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Railway
6.2.2 Petrochemical
6.2.3 Mining
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid Plastic Railroad Ties Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hybrid Plastic Railroad Ties Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PU
9.6.2 HDPE
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Railway
9.10.2 Petrochemical
9.10.3 Mining
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PU
10.6.2 HDPE
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Railway
10.10.2 Petrochemical
10.10.3 Mining
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PU
11.6.2 HDPE
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Railway
11.10.2 Petrochemical
11.10.3 Mining
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PU
12.6.2 HDPE
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Railway
12.10.2 Petrochemical
12.10.3 Mining
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PU
13.6.2 HDPE
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Railway
13.10.2 Petrochemical
13.10.3 Mining
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hybrid Plastic Railroad Ties Market: Competitive Dashboard
14.2 Global Hybrid Plastic Railroad Ties Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sekisui
14.3.2 Lankhorst Mouldings
14.3.3 Axion Structural Innovations
14.3.4 Sicut Enterprises
14.3.5 Voestalpine BWG GmbH
14.3.6 TieTek LLC
14.3.7 Greenrail Group
14.3.8 IntegriCo Composites
14.3.9 Atlas Ties
14.3.10 Tufflex Rail Sleepers
14.3.11 Evertrak
14.3.12 Pioonier GmbH
