Lucintel Forecasts Composite Materials Demand in the Global Rail Market to Grow at a CAGR of 5.6% During 2014-2019

Irving, TX, December 18, 2014 --(PR.com)-- Composite materials are primarily used in interior and exterior components in the global rail industry. Composite materials are being used increasingly in the rail industry due to their strength, weight reduction, corrosion resistance, design flexibility, and fire, smoke, and toxic fume performance. Composite materials are used in a variety of applications in the rail industry, such as front nose, doors, bathrooms, roofs, carriage bodies, rail covers, and railings, and grating. Glass fiber is typically the fiber of choice in the global rail industry.

Composite materials in the global rail market are expected to grow at a CAGR of 5.6% during 2014-2019. The growth in the number of global railcars produced annually, increasing use of composite railcars, and rising rail infrastructure spending by emerging countries are expected to drive this market. Owens Corning, PPG, Ashland, Reichhold, Gurit, and Hexcel are some of the major suppliers of composite materials for various applications.

Lucintel, a leading global management consulting and market research company, has analyzed composite materials in the global rail industry by various segments and has come up with a comprehensive research report, “Opportunities for Composites in Global Rail Market 2014-2019.” This report provides an analysis of composites in the global rail industry, including the market trends, company profiles, key drivers, and emerging trends of the market. The study also includes composites in the global rail industry forecasts through 2019, segmented by regions, manufacturing processes, resin types, and fiber types as follows:

The global rail composites market by regions:
· North America
· Europe
· Asia Pacific
· Rest of World

The global rail composites market by manufacturing processes:
· Open Mold
· Pultrusion
· Resin Transfer Molding
· Vacuum Assisted Resin Transfer Molding
· Seemann Composites Resin Infusion Molding Process
· Injection Molding
· Others

The global rail composites market by resin types:
· Polyester
· Phenolic
· Vinyl Ester
· Epoxy
· Others

The global rail composites market by fiber types:
· Glass Fiber
· Carbon Fiber
· Others

The report also segmented the global rail composites market by applications in 2013 as follows:
· Interior
· Exterior
· Others

This 265 pages research report on composites consulting will enable you to make confident business decisions in composites in the global rail industry. For a detailed table of contents and pricing information on this timely, insightful report and other carbon fiber market report contact Lucintel at +1-972-636-5056, or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity screening, strategic growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.