Market Overview:
The global railway friction material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway friction material market can be attributed to the increasing demand for high-speed trains and rising investments in rail infrastructure projects across the globe. In addition, the growing awareness about safety and security issues is also propelling the growth of this market. The global railway friction material market is segmented on the basis of type, application, and region. On the basis of type, it is divided into human transferrin and bovine transferrin. By application, it is classified into biopharmaceuticals, life science research, others (including automotive braking systems). Geographically, it has been analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China Japan India) Middle East & Africa(South Africa).
Product Definition:
Railway friction material is a material used on the braking system of trains and trams to create friction between the wheel and rail, slowing or stopping the vehicle. The use of railway friction material allows for more efficient braking, as well as reducing wear on both the wheel and rail.
Human Transferrin:
Human transferrin is a protein, which facilitates the movement of iron from blood to cells. It has no effect on the rate of absorption and distribution of non-heme iron.
Bovine Transferrin:
Bovine transferrin is a protein that facilitates the movement of iron from blood cells to cellular components. It also helps in the removal of toxic elements such as lead and mercury from the body. Transferrin plays an important role in maintaining healthy bones, muscle tissues, and other body organs.
The product is widely used as a supplement for humans by enhancing absorption of dietary minerals including calcium & iron.
Application Insights:
The railway friction material market is segmented on the basis of application into biopharmaceutical, life science research, and others. The others segment includes chemical industry and other applications such as food processing. Biopharmaceutical accounted for a major share in the global railway friction material market owing to increasing demand from pharmaceutical industry for producing biobanking materials.
The growing importance of bio-based products in pharmaceutical industry is expected to drive their demand over the forecast period, thereby influencing overall market growth positively. In addition, stringent regulations related to biosafety pertaining to transfer of pathogens are further anticipated to augment product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing biopharmaceutical and life science research in emerging countries, such as China, India, and Singapore. In addition, rising healthcare expenditure by governments coupled with improving infrastructure in these regions will drive industry expansion.
Europe was valued at USD X billion in 2017 owing to high demand from several major pharmaceutical companies for human transferrin protein used for drug discovery purposes along with other factors such as favorable reimbursement policies by European government agencies (European Medicines Agency) that support innovation & R&D activities are anticipated to boost industry growth over the coming years. North America accounted for a significant share of revenue due to high usage rates of railways compared with roadways resulting into less time and cost required for product delivery across U.S.
Growth Factors:
- Increasing demand for railway transportation services owing to the rise in population and economic development.
- Proliferation of high-speed railways across the globe to cater to the increasing demand for faster and safer transportation services.
- Development of next-generation friction materials that offer improved performance over traditional materials, thereby resulting in increased adoption rates.
- Growing concerns over environmental pollution and its impact on public health, which is driving the adoption of low-emission friction materials for railway applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Friction Material Market Research Report
By Type
Human Transferrin, Bovine Transferrin
By Application
Biopharmaceutical, Life Science Research, Others
By Companies
Thermo Fisher Scientific, Merck, BBI Solutions, MP Biomedicals, ProSpec, Yeasen Biotech, PromoCell, Corning, InVitria, Biotium, Cusabio, Advanced BioMatrix
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Railway Friction Material Market Report Segments:
The global Railway Friction Material market is segmented on the basis of:
Types
Human Transferrin, Bovine Transferrin
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
Biopharmaceutical, Life Science Research, 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:
- Thermo Fisher Scientific
- Merck
- BBI Solutions
- MP Biomedicals
- ProSpec
- Yeasen Biotech
- PromoCell
- Corning
- InVitria
- Biotium
- Cusabio
- Advanced BioMatrix
Highlights of The Railway Friction Material 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:
- Human Transferrin
- Bovine Transferrin
- By Application:
- Biopharmaceutical
- Life Science Research
- 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 Railway Friction Material 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.
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- 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?
Railway friction material is a type of lubricant used on railway tracks to reduce the amount of friction between the rails and the train.
Some of the key players operating in the railway friction material market are Thermo Fisher Scientific, Merck, BBI Solutions, MP Biomedicals, ProSpec, Yeasen Biotech, PromoCell, Corning, InVitria, Biotium, Cusabio, Advanced BioMatrix.
The railway friction material 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 Railway Friction Material 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 Railway Friction Material Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Railway Friction Material 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 Railway Friction Material 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 Railway Friction Material Market Size & Forecast, 2020-2028 4.5.1 Railway Friction Material Market Size and Y-o-Y Growth 4.5.2 Railway Friction Material 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 Human Transferrin
5.2.2 Bovine Transferrin
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 Biopharmaceutical
6.2.2 Life Science Research
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Friction Material 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 Railway Friction Material 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 Human Transferrin
9.6.2 Bovine Transferrin
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 Biopharmaceutical
9.10.2 Life Science Research
9.10.3 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 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 Human Transferrin
10.6.2 Bovine Transferrin
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 Biopharmaceutical
10.10.2 Life Science Research
10.10.3 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 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 Human Transferrin
11.6.2 Bovine Transferrin
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 Biopharmaceutical
11.10.2 Life Science Research
11.10.3 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 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 Human Transferrin
12.6.2 Bovine Transferrin
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 Biopharmaceutical
12.10.2 Life Science Research
12.10.3 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) 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 Human Transferrin
13.6.2 Bovine Transferrin
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 Biopharmaceutical
13.10.2 Life Science Research
13.10.3 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 Railway Friction Material Market: Competitive Dashboard
14.2 Global Railway Friction Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Merck
14.3.3 BBI Solutions
14.3.4 MP Biomedicals
14.3.5 ProSpec
14.3.6 Yeasen Biotech
14.3.7 PromoCell
14.3.8 Corning
14.3.9 InVitria
14.3.10 Biotium
14.3.11 Cusabio
14.3.12 Advanced BioMatrix