Global Composites Market for HSR 2015-2019
About Composites for HSR
HSR is a railway transportation system that runs at speeds of more than 150 mph and is currently considered one of the fastest, most environment-friendly, and safest modes of transport across the globe. HSR systems, since their advent, have been an integral part of the transportation sector in developed countries in Europe and APAC. These systems provide the advantages of reduced commuting time, reliability, and a safer alternative to air travel over shorter distances.These systems are mostly manufactured from composites to reduce their overall weight and increase their fuel efficiency. Their global demand has increased rapidly in recent years owing to their ability to connect megacities and remote areas.The global composites market for HSR is expected to witness rapid, but uneven, growth during the forecast period. The growth of the market is directly dependent on the development of HSR networks worldwide. As various major HSR projects are being planned in 2015 across China, Japan, Spain, Saudi Arabia, and Turkey, the demand for composites from the HSR sector is expected to grow rapidly. Similarly, the demand is expected to surge in 2018 because of the advent of HSR in Russia, with a planned construction of 1957.3 miles of HSR network.
Technavio's analysts forecast the global composites market for HSR to grow at a CAGR of 11.33% in terms of revenue over the period 2014-2019.
Covered in this Report
The global composites market for HSR can be divided based on application into the following: exterior applications and interior applications.
Technavio's report, Global Composites Market for HSR, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the landscape of the global composites market for HSR and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Composites Market for High-Speed Rail 2015-2019
Technavio recognizes the following companies as the key players in the Global Composites Market for High-Speed Rail: AIM Aviation, Dartford Composites, FDC Composites, Gurit Holding, Hexcel, Kemrock Industries and Exports, Koninklijke Ten Cate and TPI Composites
Other Prominent Vendors in the market are: Ashland, Creative Pultrusion, DIAB, DSM, Ebo Systems, Exel Composites, Fibrocom, Hanwha Azdel, Horlacher, Hubner Group, John Manville, Joptek, Magee Plastics, Miles Fiberglass and Composites, Owens Corning, Parabeam, Saint Gobain and Testori Americas
Commenting on the report, an analyst from Technavio’s team said: “The use of composites in the manufacture of both interior and exterior parts of HSR has significantly increased during the last decade. These are now also used extensively to build infrastructure components for HSR stations. An example of this is the glass composite-based platform system at the Needham Market train station in Suffolk, UK. These structures in HSR stations have highly specific structural requirements, such as resistance to vibration, and long term performance and durability, increasing the requirement for advanced structural adhesives to support them. This has paved the way for replacing traditional adhesive-based soldering and fastening solutions with advanced epoxy-based adhesives that have high lap shear and peel strength. The development of these new and advanced structural adhesives has greatly increased the market's profit by creating newer possibilities for composites in the HSR sector.”
According to the report, the increasing global concern about the protection of the environment and the need to reduce the emission of greenhouse gases in order to lessen the negative effects of global warming have led consumers and governments to try environment-friendly modes of transportation such as hybrid vehicles and HSR. HSR is a faster and greener mode of transport, in comparison to traditional rolling stocks, as it emits less carbon dioxide and other greenhouse gases. Composites used to manufacture HSR systems are lighter in weight than their metallic counterparts, and allow for low overall vehicular weight and less fuel consumption. In addition, travel time is greatly reduced in these trains as most of them run at speeds of 155 mph and above. Due to these advantages, many developed nations have already established domestic HSR networks, and developing nations are expected to follow suit in the future.
Further, the report states that one of the reasons behind the restricted growth of the global composites market in recent years is the limited presence of HSR systems in the world.
AIM Aviation, Dartford Composites, FDC Composites, Gurit Holding, Hexcel, Kemrock Industries And Exports, Koninklijke Ten Cate, TPI Composites, Ashland, Creative Pultrusion, DIAB, DSM, Ebo Systems, Exel Composites, Fibrocom, Hanwha Azdel, Horlacher, Hubner Group, John Manville, Joptek, Magee Plastics, Miles Fiberglass and Composites, Owens Corning, Parabeam, Saint Gobain, Testori Americas
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