Market Overview:
The global plastic railroad tie market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic railroad ties from various applications such as railway, petrochemical, mining, and others. In terms of type, the turnout tie segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to its growing demand from railway applications across the globe.
Product Definition:
A plastic railroad tie is a synthetic, man-made product that is used as a substitute for traditional wooden railroad ties. Plastic railroad ties are made of high-density polyethylene (HDPE) and can be recycled after use.
Ordinary Tie:
An ordinary tie is a structural element of rail track systems. It has a number of uses in the railway industry, including to bind the rail tracks to the sleepers and support the weight of trains; as an anchor for mounting signal devices or guide wires; and as part of railroad bridge structures. They are manufactured from various materials including wood, plastic, fiberglass composites and steel rebar among others.
Turnout Tie:
A turnout tie is a device used to secure the rail track in position. It has a flat surface and two or more arms that are bent at 90 degrees. The ends of the arms are connected to the flat surface by a hinge, which allows them to move back and forth over the rail tracks.
Application Insights:
The railway application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth on account of increasing demand for railways from countries, such as India, China and Japan. In addition, favorable government policies and funding for the development of new rail infrastructure are anticipated to further propel market growth over the forecast period.
Petrochemical was one of the prominent applications that accounted for a substantial volume share in 2017. Petrochemical ties are manufactured using high-performance polymers that offer superior chemical resistance along with enhanced durability and flexibility needed in industrial applications including oil & gas refineries and petrochemicals plants. These products can be easily installed by simply pushing them into place; they do not require any nails or screws making them ideal choices where space is limited or there are constraints regarding working height above ground level.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of plastic manufacturers, which has resulted in high production volumes. China is one of the largest producers and consumers of plastic ties in this region owing to easy availability of raw materials as well as skilled labor at low cost.
The demand for ordinary tie was valued at USD X million in Asia Pacific, which accounted for more than 60% share of total revenue. The growth can be attributed to increasing infrastructure activities coupled with rapid industrialization across emerging economies such as India and China. In addition, growing emphasis on urbanization by various governments across these countries will boost product demand further over the coming years due to increased construction activities that will lead to an increase in railway network along with development projects including new buildings & offices etc.
Growth Factors:
- Increasing demand from the construction sector for plastic railroad ties as a replacement for traditional wooden ties is expected to be a key growth driver for the market over the next few years.
- Rising awareness about the benefits of using plastic railroad ties, such as low maintenance and longer life span, is projected to boost market growth in the near future.
- The increasing use of plastic railroad ties in mass transit systems across developed and developing countries is anticipated to fuel market expansion during the forecast period.
- Growing investments in railway infrastructure by governments worldwide are likely to create lucrative opportunities for players operating in the global plastic railroad tie market over the next few years.
- . Technological advancements that lead to development of new types of plastic railroad ties are expected to provide impetus to market growth in forthcoming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Railroad Tie Market Research Report
By Type
Ordinary Tie, Turnout Tie, Bridge Tie
By Application
Mixed Plastics, Railway, Petrochemical, Mining, Others
By Companies
Axion Structural Innovations, American TieTek, Evertrak, Lankhorst, Voestalpine Nortrak, Atlas Ties, IntegriCo Composites, Pioonier GmbH, Greenrail Group, eWood Solutions, Sicut Enterprises, Bois Commercial Wood
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Railroad Tie Market Report Segments:
The global Plastic Railroad Tie market is segmented on the basis of:
Types
Ordinary Tie, Turnout Tie, Bridge Tie
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
Mixed Plastics, Railway, Petrochemical, Mining, Others
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:
- Axion Structural Innovations
- American TieTek
- Evertrak
- Lankhorst
- Voestalpine Nortrak
- Atlas Ties
- IntegriCo Composites
- Pioonier GmbH
- Greenrail Group
- eWood Solutions
- Sicut Enterprises
- Bois Commercial Wood
Highlights of The Plastic Railroad Tie 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:
- Ordinary Tie
- Turnout Tie
- Bridge Tie
- By Application:
- Mixed Plastics
- Railway
- Petrochemical
- Mining
- Others
- 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 Plastic Railroad Tie 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
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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?
A plastic railroad tie is a type of plastic lumber that is used to reinforce concrete or other building materials.
Some of the key players operating in the plastic railroad tie market are Axion Structural Innovations, American TieTek, Evertrak, Lankhorst, Voestalpine Nortrak, Atlas Ties, IntegriCo Composites, Pioonier GmbH, Greenrail Group, eWood Solutions, Sicut Enterprises, Bois Commercial Wood.
The plastic railroad tie market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Railroad Tie 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 Plastic Railroad Tie Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Railroad Tie 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 Plastic Railroad Tie 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 Plastic Railroad Tie Market Size & Forecast, 2018-2028
4.5.1 Plastic Railroad Tie Market Size and Y-o-Y Growth
4.5.2 Plastic Railroad Tie Market Absolute $ Opportunity
Chapter 5 Global Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Type
5.2.1 Ordinary Tie
5.2.2 Turnout Tie
5.2.3 Bridge Tie
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Applications
6.2.1 Mixed Plastics
6.2.2 Railway
6.2.3 Petrochemical
6.2.4 Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Railroad Tie 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 Plastic Railroad Tie 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 Plastic Railroad Tie Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Type
9.6.1 Ordinary Tie
9.6.2 Turnout Tie
9.6.3 Bridge Tie
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 Plastic Railroad Tie Market Size Forecast by Applications
9.10.1 Mixed Plastics
9.10.2 Railway
9.10.3 Petrochemical
9.10.4 Mining
9.10.5 Others
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 Plastic Railroad Tie Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Type
10.6.1 Ordinary Tie
10.6.2 Turnout Tie
10.6.3 Bridge Tie
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 Plastic Railroad Tie Market Size Forecast by Applications
10.10.1 Mixed Plastics
10.10.2 Railway
10.10.3 Petrochemical
10.10.4 Mining
10.10.5 Others
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 Plastic Railroad Tie Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Type
11.6.1 Ordinary Tie
11.6.2 Turnout Tie
11.6.3 Bridge Tie
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 Plastic Railroad Tie Market Size Forecast by Applications
11.10.1 Mixed Plastics
11.10.2 Railway
11.10.3 Petrochemical
11.10.4 Mining
11.10.5 Others
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 Plastic Railroad Tie Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Railroad Tie 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 Plastic Railroad Tie Market Size Forecast by Type
12.6.1 Ordinary Tie
12.6.2 Turnout Tie
12.6.3 Bridge Tie
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 Plastic Railroad Tie Market Size Forecast by Applications
12.10.1 Mixed Plastics
12.10.2 Railway
12.10.3 Petrochemical
12.10.4 Mining
12.10.5 Others
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) Plastic Railroad Tie Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Railroad Tie 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) Plastic Railroad Tie Market Size Forecast by Type
13.6.1 Ordinary Tie
13.6.2 Turnout Tie
13.6.3 Bridge Tie
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) Plastic Railroad Tie Market Size Forecast by Applications
13.10.1 Mixed Plastics
13.10.2 Railway
13.10.3 Petrochemical
13.10.4 Mining
13.10.5 Others
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 Plastic Railroad Tie Market: Competitive Dashboard
14.2 Global Plastic Railroad Tie Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Axion Structural Innovations
14.3.2 American TieTek
14.3.3 Evertrak
14.3.4 Lankhorst
14.3.5 Voestalpine Nortrak
14.3.6 Atlas Ties
14.3.7 IntegriCo Composites
14.3.8 Pioonier GmbH
14.3.9 Greenrail Group
14.3.10 eWood Solutions
14.3.11 Sicut Enterprises
14.3.12 Bois Commercial Wood
