The global Hybrid Plastic Railroad Ties market was valued at 61.87 Million USD in 2021 and will grow with a CAGR of 4.68% from 2021 to 2027.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Railway sleepers across the world are commonly made of concrete. Hybrid plastic railroad ties are made from a blend of rubber from old vehicle tyres that have reached the end of their lives and recycled plastic from urban waste. The sleepers can be designed to meet the technical requirements of any railway track worldwide.As for the region, APAC is the largest consumption region, holding about 46% market share in 2019, followed by Europe, with about 28% market share. In 2019, PU accounted for a share of about 45% in the global Hybrid Plastic Railroad Ties market.
By Market Verdors:
- Sekisui
- Lankhorst Mouldings
- Axion Structural Innovations
- Sicut Enterprises
- Voestalpine BWG GmbH
- TieTek LLC
- Greenrail Group
- IntegriCo Composites
- Atlas Ties
- Tufflex Rail Sleepers
- Evertrak
- Pioonier GmbH
By Types:
By Applications:
- Railway
- Petrochemical
- Mining
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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