Hybrid Plastic Railroad Ties Industry Analysis:GAGR is expected to be 5.1% in the next few years

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.

According to the new market research report “Hybrid Plastic Railroad Ties - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Hybrid Plastic Railroad Ties market size is projected to reach USD 0.1 billion by 2029, at a CAGR of 5.1% during the forecast period.

• Global Hybrid Plastic Railroad Ties Market Size(US$ Million), 2018-2029

Source: QYResearch, “Hybrid Plastic Railroad Ties - Global Market Insights and Sales Trends 2024”

• Global Hybrid Plastic Railroad Ties Top12Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: QYResearch, “Hybrid Plastic Railroad Ties - Global Market Insights and Sales Trends 2024”

The global key manufacturers of Hybrid Plastic Railroad Ties include Sekisui, Lankhorst Mouldings, Axion Structural Innovations, Sicut Enterprises, Voestalpine BWG GmbH, TieTek LLC, Greenrail Group, IntegriCo Composites, Atlas Ties, Tufflex Rail Sleepers, etc. In 2021, the global top five players had a share approximately 37.0% in terms of revenue.

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