Who’s Who in the Rail Composites Market? A Look at Key Players

The rail composites market is projected to grow from USD 1.7 billion in 2023 to USD 2.4 billion by 2028, at a CAGR of 7.2% during the forecast period. The report includes a detailed table of contents, along with figures, tables, and charts to provide an insightful overview. This report provides an in-depth analysis of the rail composites market size, trends, drivers, restraints, competitive landscape, and future growth opportunities. A composite is manufactured by physically combining two or more materials (components) to produce a blend of structural properties not present in any individual component. Composite those are used in rail interior, exterior, and other components are considered as rail composite. The rail composites market is mainly dominated by glass composites. The market of carbon composite is significantly smaller than that of glass composite, which is the main reason for its oligopolistic market structure.

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The Phenolic resin segment accounted for the largest market share in 2022, in terms of value.

Phenolic resin segment dominated the rail composites market in 2022, in terms of value. Phenolic resins helps to reduce overall weight which turns, allows for high speeds, lower wear,  decreased trackm load, and reduced maintenance cost of tracksides. Phenolic resin composites are resistant to environmental degradation and fatigue demage compared to other metals. Phenolic resin composites are easily moldable and can be used in various rail applications.

The carbon fiber segment accounted for the second-largest market share in 2022, in terms of value.

In terms of value, carbon fiber accounted for second-largest share of the reinforcements used in rail composite consumption, globally. Carbon fiber composites are high-cost materials used in higher strength applications in the rail industry as they are comparatively lightweight and strong. Hence, carbon fiber composites can be used in the production of front cabin, front nose, side panels, flywheel, beams, and other components.

Lay-up manufacturing process segment accounted for the largest market share in 2022, in terms of value.

In 2020, lay-up manufacturing process accounted for larget market share, in terms of value. Lay-up process gets mostly used in designing simple and lightly loaded rail structural panels. In this process, manufacturers can control the orientation of fibers as per the need to absorb the maximum possible stress. The lay-up process is divided into hand, tape, and spray lay-up. Hand lay-up is the most commonly used process for manufacturing rail composites.

Updated Version Of Sample Copy of Report 2025 Includes:

📊 Scope For 2025-2028
📊 Brief Introduction to the research report.
📊 Table of Contents (Scope covered as a part of the study)
📊 Top players in the market
📊 Research framework (structure of the report)
📊 Research methodology adopted by MNM

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Interior Components to remain the largest end-use application in terms of value during the forecast period.

Interior composite components used in rail application include components, such as seats, ducts, interior panels, luggage bins, cushion fabrics, driver’s console, and undercarriage water tanks, among others. In the recent years, rail manufacturers have started using composite materials for all types of rails, earlier which the use was limited to high-speed rails and metro/subway trains. Use of composites in carriages also can facilitate designer’s and engineer’s creativity and allow more in-cabin space for commuters.

North America accounted for the third-largest share in 2022, in terms of value.

In 2022, North America region accounted for third-largest market share in terms of value and volume. The growth in the rail composites market in this region is driven mainly by its use in passenger rail, heavy urban rail, and light rail. Unlike Europe and Asia Pacific, the development of high speed rail in North America has been slow and reluctant. This is one of the major reasons for having less demand for rail composites in North America than Asia-Pacific and Europe. In the upcoming years, the market in North America is expected to grow with moderate CAGR.

Rail Composites Companies

Some major manufacturers operating in the rail composites market are Gurit Holdings AG (Switzerland), Hexcel Corporation (US), 3A Composites (Switzerland), Toray Industries, Inc. (Japan), Solvay (Belgium), Teijin Limited (Japan), Premier Composite Technologies (UAE), Dartford Composites Ltd. (UK), Exel Composites (Finland), Avient Corporation (US), Kineco Limited (India), BASF SE (Germany), AVIC Cabin Systems (UK), BFG International (Bahrain), and Reliance Industries Ltd. (India).

Many major players have been getting involved and adopting various growth strategies aiming to strengthen the position in the global rail composites market. Various growth strategies include product launches, expansions, contracts, mergers and acquisitions, partnerships that will help companies to expand their competitiveness and market presence in the global rail composites market.

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Gurit Holdings AG (Switzerland)

Gurit Holding is specialized in the development and manufacturing of advanced composite materials, related technologies, and select finished parts and components. The company is one of the leading global suppliers of advanced composite materials. The operations of the company are managed under two business units, which include composites system & engineering and composite materials.

The company offers a diverse product range, which includes fiber reinforced prepregs, structural core products (man-made materials and balsa wood), gel coats, adhesives, resins, and consumables. Gurit has a global presence with offices, manufacturing sites, and distribution networks across various regions including Europe, North and South America, the Middle East, China, New Zealand, Australia, and India.

Hexcel Corporation  (US)

Hexcel Corporation is one of the leading manufacturers of advanced composites. The company develops, manufactures, and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements for composites, prepregs, honeycomb, matrix systems, adhesives, and composite structures. These products have applications in the aerospace, defense, automotive, and industrial sectors.

The company manages its business through two business units including composites materials and engineered products. The company manages its rail composites business under the industries solutions segment.

The company has manufacturing facilities in regions such as North America, Europe, and Asia Pacific. It operates through more than 22 manufacturing locations globally.

Important Features of the reports :

✍️ Detailed analysis of the Rail Composites Market
✍️ Fluctuating market dynamics of the industry
✍️ Detailed market segmentation
✍️ Historical, current and projected market size in terms of volume and value
✍️ Recent industry trends and developments
✍️ Competitive landscape of the Rail Composites Market
✍️ Strategies of key players and product offerings
✍️ Potential and niche segments/regions exhibiting promising growth
✍️ A neutral perspective towards Rail Composites Market performance.

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🚀 Reason to Buy This Research Report:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Rail Composites Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Rail Composites Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.

✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.