The [report 127 pages] Rail Composites Market is projected to witness a CAGR of more than 8.5% between 2015 and 2020 and is expected to reach global market value of more than $1 billion by 2020.

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"Asia-Pacific and Europe: The Biggest Market of Rail Composite" 

The Asia-Pacific and European region were the world's largest market for rail composite in 2014. China is the key consumer of rail composite in Asia-Pacific. Growth of high-speed train in china and South Korea is one of the biggest drivers for this market in Asia pacific region. China's rollout of its high-speed rail network started in 2007. By now, it rolled out many high-speed rail lines. Various product launches, partnerships, agreements, and expansions have in turn made the regions a potential growth market for rail composite.

"Glass Fiber Composite is the biggest material Type; while usage in interior components is growing" 

Glass fiber composite is the biggest rail composite material driven by its high demand for various rail applications. Interior components are the growing application of rail composite and are projected to grow at a healthy rate in projected period.

The key participants in this market are rail composite material suppliers, and composite rail part manufacturers. Toray Industries Inc. (Japan), Cytec Industries Inc. (U.S.), Koninklijke Ten Cate nv (Netherlands), Gurit Holding AG (Switzerland), Hexel Corporation (U.S.), Teijin Limited (Japan), AIM ALTITUDE (U.K.), Dartford Composites Ltd. (U.K.), Kemrock Industries and Exports Limited (India), Premier Composite Technologies (Dubai), FDC Composites Inc. (Canada), TPI Composites Inc. (U.S.), etc are some of the key companies involved in rail composites market.

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