Popularity of High Speed Rail to Accelerate Demand for Infrastructure Materials, Says Frost & Sullivan

Popularity of High Speed Rail to Accelerate Demand for Infrastructure Materials, Says Frost & Sullivan PR Newswire LONDON, Nov. 21, 2012 - In Germany, France, Spain, and Belgium the number of passengers has increased six-fold since 1990s - The market is estimated to triple during the next few years LONDON, Nov. 21, 2012 /PRNewswire/ -- High speed rail (HSR) projects in Europe are opening up a big market for certain segments, such as track materials, where new materials and technologies are set to enjoy considerable growth opportunity. New analysis from Frost & Sullivan (http://chemicals.frost.com), European Materials Market for High Speed Rail Infrastructure, finds that the total market earned revenues of €3.5 million in 2011. The market is estimated to reach €10 million in 2018, of which track materials will account for €8.5 million and cable materials for the remainder. "In comparison to other modes of transport, rail transport infrastructure is high on the European Commission's agenda, mainly due to its lower carbon footprint," noted Frost & Sullivan Senior Research Analyst Deepak Karthikeyan. "As the European Commission boosts investments in electricity powered, high speed trains, materials for HSR infrastructure will experience high demand." The number of passengers opting for HSR has increased considerably in the last decade.