Market Overview:
The global lightweight composites for rail market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight composites in freight wagons, high speed rails, passenger wagons and locomotives across the globe. Based on type, the global lightweight composites for rail market has been segmented into balsa wood, PVC foam, PET foam, PU foam and other types. Among these segments, PVC foam is expected to account for a major share of the global market during the forecast period owing to its properties such as light weight and durability. On basis of application type ,the global lightweight composites for rail market has been segmented into freight wagons ,high speed rails ,passenger wagons and locomotive .Among these segments freight wagon are anticipated witness highest growth rate over next few years due rising demand from various industries including automotive & transportation sector .
Product Definition:
Lightweight composites for rail are materials that are specifically designed to be lighter in weight than traditional materials, such as steel. This can result in a number of benefits for the rail industry, including improved fuel efficiency, reduced emissions, and increased cargo capacity.
Balsa:
Balsa is the generic name for a group of closely related tropical wood species belonging to the genus Phymatodes. The most commonly used species are P. bala, P. guajava and P. enneaphylla, which are also known as yellow bala, red bala and green bala respectively due to their different color shades when processed timber-wise.
PVC Foam:
Polyvinyl Chloride (PVC) foam is a closed-cell, polymeric material that is produced by the polymerization of vinyl chloride. It can be categorized as an open or closed cell foam depending on its density and size. PVC foams are available in different forms including sheets, blocks, pellets and powders which can be customized according to application requirements.
Application Insights:
Passenger wagons were the largest application segment in terms of revenue share in 2017. Increasing passenger traffic on account of rising disposable income and standard of living is expected to be a major factor driving the demand for lightweight composite materials for passenger wagons. Freight wagons are also likely to exhibit significant growth over the forecast period owing to increasing industrialization, particularly in developing countries such as China and India.
The Asia Pacific region is projected to witness high product penetration due largely its extensive railway infrastructure coupled with growing industrialization and urbanization trends across various countries including China, India, Bangladesh, Thailand Vietnam among others. In addition, favorable government policies regarding railways are anticipated further drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing government investments in infrastructure development and rising passenger traffic on rail networks. The growing middle-class population, along with rapid urbanization, has led to an increase in disposable income which is expected to drive the demand for consumer goods and mass transit systems over the coming years.
Europe was estimated at USD X million in 2017 as a major producer of automobiles still relies heavily on traditional steel products for freight transportation despite their high cost compared with lightweight composites. However, stringent environmental regulations have forced producers across Europe including Germany, France Italy, UK etc.
Growth Factors:
- Increasing demand for lightweight composites in the rail sector from transportation and infrastructure sectors to reduce weight and improve fuel efficiency.
- Growing popularity of composite materials in rail applications on account of their superior mechanical properties as compared to traditional materials such as steel and aluminum.
- Rising investments by railway operators for modernization of their networks, which is expected to drive the demand for lightweight composites over the forecast period.
- Technological advancements in manufacturing processes of lightweight composites that would help reduce overall weight and manufacturing costs, thereby boosting market growth prospects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Composites for Rail Market Research Report
By Type
Balsa, PVC Foam, PET Foam, PU Foam, Other
By Application
Freight Wagons, High Speed Rail, Passenger Wagons, Locomotive
By Companies
Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Composites for Rail Market Report Segments:
The global Lightweight Composites for Rail market is segmented on the basis of:
Types
Balsa, PVC Foam, PET Foam, PU Foam, Other
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
Freight Wagons, High Speed Rail, Passenger Wagons, Locomotive
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:
- Diab
- 3A Composite
- Gurit
- Evonik
- CoreLite
- Nomaco
- Polyumac
- Amorim Cork Composites
- Armacell
- General Plastics
- I-Core Composites
- Changzhou Tiansheng Composite Materials
Highlights of The Lightweight Composites for Rail 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:
- Balsa
- PVC Foam
- PET Foam
- PU Foam
- Other
- By Application:
- Freight Wagons
- High Speed Rail
- Passenger Wagons
- Locomotive
- 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 Lightweight Composites for Rail 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
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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?
Lightweight composites for rail are materials that are used to replace traditional steel and aluminum rails in railway applications. These materials can be more cost-effective and lighter, which can improve the speed and efficiency of rail transportation.
Some of the major companies in the lightweight composites for rail market are Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lightweight Composites for Rail 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 Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size & Forecast, 2018-2028
4.5.1 Lightweight Composites for Rail Market Size and Y-o-Y Growth
4.5.2 Lightweight Composites for Rail Market Absolute $ Opportunity
Chapter 5 Global Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Type
5.2.1 Balsa
5.2.2 PVC Foam
5.2.3 PET Foam
5.2.4 PU Foam
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Applications
6.2.1 Freight Wagons
6.2.2 High Speed Rail
6.2.3 Passenger Wagons
6.2.4 Locomotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lightweight Composites for Rail 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 Lightweight Composites for Rail 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 Lightweight Composites for Rail Analysis and Forecast
9.1 Introduction
9.2 North America Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Type
9.6.1 Balsa
9.6.2 PVC Foam
9.6.3 PET Foam
9.6.4 PU Foam
9.6.5 Other
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 Lightweight Composites for Rail Market Size Forecast by Applications
9.10.1 Freight Wagons
9.10.2 High Speed Rail
9.10.3 Passenger Wagons
9.10.4 Locomotive
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 Lightweight Composites for Rail Analysis and Forecast
10.1 Introduction
10.2 Europe Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Type
10.6.1 Balsa
10.6.2 PVC Foam
10.6.3 PET Foam
10.6.4 PU Foam
10.6.5 Other
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 Lightweight Composites for Rail Market Size Forecast by Applications
10.10.1 Freight Wagons
10.10.2 High Speed Rail
10.10.3 Passenger Wagons
10.10.4 Locomotive
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 Lightweight Composites for Rail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Type
11.6.1 Balsa
11.6.2 PVC Foam
11.6.3 PET Foam
11.6.4 PU Foam
11.6.5 Other
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 Lightweight Composites for Rail Market Size Forecast by Applications
11.10.1 Freight Wagons
11.10.2 High Speed Rail
11.10.3 Passenger Wagons
11.10.4 Locomotive
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 Lightweight Composites for Rail Analysis and Forecast
12.1 Introduction
12.2 Latin America Lightweight Composites for Rail 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 Lightweight Composites for Rail Market Size Forecast by Type
12.6.1 Balsa
12.6.2 PVC Foam
12.6.3 PET Foam
12.6.4 PU Foam
12.6.5 Other
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 Lightweight Composites for Rail Market Size Forecast by Applications
12.10.1 Freight Wagons
12.10.2 High Speed Rail
12.10.3 Passenger Wagons
12.10.4 Locomotive
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) Lightweight Composites for Rail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lightweight Composites for Rail 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) Lightweight Composites for Rail Market Size Forecast by Type
13.6.1 Balsa
13.6.2 PVC Foam
13.6.3 PET Foam
13.6.4 PU Foam
13.6.5 Other
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) Lightweight Composites for Rail Market Size Forecast by Applications
13.10.1 Freight Wagons
13.10.2 High Speed Rail
13.10.3 Passenger Wagons
13.10.4 Locomotive
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 Lightweight Composites for Rail Market: Competitive Dashboard
14.2 Global Lightweight Composites for Rail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab
14.3.2 3A Composite
14.3.3 Gurit
14.3.4 Evonik
14.3.5 CoreLite
14.3.6 Nomaco
14.3.7 Polyumac
14.3.8 Amorim Cork Composites
14.3.9 Armacell
14.3.10 General Plastics
14.3.11 I-Core Composites
14.3.12 Changzhou Tiansheng Composite Materials
