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European thermoplastic composites are projected to grow

March 28/2011

(Marketwire) -- Attributes of light weight and performance are pushing the use of composites in public transportation. Due to safety issues and rising gasoline prices, public transportation including buses, trains and trams are being used extensively. This is having a positive ripple effect on the uptake of composites. While the resins used in public transportation have different properties, strength and resistance to heat and chemicals are the major factors underpinning their appeal.

According to Frost & Sullivan Strategic Analysis of the Composite Resins Market in Public Transportation, European thermoset plastic composites for public transportation earned revenues of EUR 70.72 million in 2010 and estimates this to reach EUR 114.94 million in 2017. European thermoplastic composites are projected to grow from EUR 3.46 million to EUR 5.71 million over the same period. The following products are covered in this research: unsaturated polyester resins, Epoxy resins, phenolic resins, polyurethane resins, polyamide resins and polypropylene resins.

The general economic revival is set to be accompanied by the growth of the composite industry. Composites offer a weight reduction of around 30 to 40 per cent compared to materials such as steel. As a result, steel is rapidly being substituted by composites.

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