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Rail Composites Market worth $2.4 billion by 2028 - Exclusive Report by MarketsandMarkets™
Mar 29, 2024
CHICAGO, March 29, 2024 /PRNewswire/ -- The report "Rail Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Polyester, Phenolic, Epoxy, Vinyl Ester), Manufacturing Process (Lay-up, Injection Molding, Compression Molding, RTM), Application, & Region - Global Forecast to 2028", Rail Composites Market is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. A composite is manufactured by physically combining two or more materials (components) to produce a blend of structural properties do 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. Browse in-depth TOC on "Rail Composites Market". 239 – Tables 64 – Figures217 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160525988 "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 help to reduce overall weight which turns, allows for high speeds, lower wear, decreased track load, and reduced maintenance cost of tracksides. Phenolic resin composites are resistant to environmental degradation and fatigue damage 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 ...Full story available on Benzinga.com
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Dollar steady ahead of European trading, eyes on the yen
Mar 27, 2024
It's a key moment for the yen as it threatens to break down further in trading this week. The post-BOJ fallout hasn't been kind to the Japanese currency, with USD/JPY threatening its highest levels in more than three decades. The pair has eased back slightly to 151.67 now but the chart tells the story better:Buyers are keeping poised but key resistance from the 2022 and 2023 highs are still holding, at least for now. That is helped by more verbal intervention from Japanese officials earlier in the day. But are we really near a point where Tokyo would intervene to put a stop to the yen's weakness? That is tough to say.As the BOJ looks to normalise policy further, they need all the help they can get to keep inflation just above the 2% target. And the trend as of late hasn't been that encouraging, as seen here.For now, core prices are still holding thereabouts but what if they come down further in the months ahead? How is the BOJ going to use that to justify further policy normalisation? It's certainly a tricky equation, all things considered.Adding to that is that a weaker currency at least invites more imported inflation into the country. As convoluted as it sounds, it might be a good thing for Japan at this moment. But considering the reception to the BOJ's pivot last week, officials have to be careful not to oversell that point.Because as it is now, the latest tumble by the yen looks to be threatening something bigger. That especially since there is still an off chance that the Fed might not ease as much this year if inflation pressures remain stickier than anticipated down the road. This article was written by Justin Low at www.forexlive.com.
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