Railcar Coatings Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2028 | PPG Industries, AkzoNobel N.V., Hempel USA, Sherwin-Williams Company, Valspar Corporation, Axalta Coating Systems

The global railcar coatings market is expected to grow with the highest CAGR over the forecast period. With the objective to offer a complete market overview, the report comprises regional competitive landscape for the number of major market service providers. Furthermore, the global railcar coatings market report also delivers a comprehensive analysis of the major market players in the regional and global regions. The market study provides an in-depth analysis of the industry growth aspects, opportunities, status, size in terms of value and volume, and market segmentation along with the market revenue. The report also studies market summary and status of the global and major regions on the basis of product, application, and key market players.

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Scope of the Global Railcar Coatings Market

The research methodology used to forecast and estimate the global railcar coatings market contains the study of data and details of leading market players through secondary sources, such as annual reports, company websites, investor presentations, and associations. Likewise, the bottom-up approach was adopted to measure overall size of the market by forecasting the revenue of major industry players.

The major factors that are boosting the market studied in the report are establishment of a high-speed rail network in Asia-Pacific and rising demand for mass transportation. In addition, the massive energy efficiency of rails than the other modes of transport is likely to act as an opportunity for the target market. Asia-Pacific dominated the industry across the world with the highest consumption. There are several regulations from many governments which support water-based coatings. These coatings are usually used in numerous applications such as building and construction, transportation, and industrial applications.

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Segment Analysis of the Global Railcar Coatings Market

The global railcar coatings market is basically segmented into type, application, and geographical regions.
• On the basis of type, the global market segregated into boxcars, tank cars, hopper, and others.
• On the basis of application, the global railcar coatings market is sub-divided into anti-corrosion, anti-abrasion, and others.

Geographical Analysis of the Global Railcar Coatings Market
The study provides a thorough overview of the industry comprising both qualitative and quantitative data. The report offers market size with respect to five major regions such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. North America held a leading share of the railcar coatings market in 2016. These types of vehicles are majorly observed to be effective in Europe and North America region. Demand for railcar coatings is high in such regions, as these vehicles are majorly used for transportation of liquid fuels and other risky products in Europe and North America.
Recent Strategic Developments of Major Global Railcar Coatings Market Players

• In October 2018, Nippon Paint Industrial Coatings Co., Ltd, a entirely acquired subsidiary of Nippon Paint Holdings Co., Ltd. involved in the industrial coatings business, capitalized the powder coating plant located in Japan. With the investment, the company emphasises on its powder coatings activities as a growing and significant area and continues to further strengthen the powder coatings business, both in technological expansion as well as the development of its product line-up.

• In August 2018, Axalta extended its liquid industrial coatings production capacity in Jacksonville, the United States, by around 1 million gallons yearly. The development is scheduled to be concluded in the first quarter of 2019 and will enable the company to offer high-volume & world-class services.

Competitive Landscape of the Global Railcar Coatings Market

The report also includes the profiles of key companies along with their SWOT analysis and various market strategies. Key players operating in the global railcar coatings market include PPG Industries, Hempel USA, The Sherwin-Williams Company, AkzoNobel N.V.,The Valspar Corporation, and Axalta Coating Systems.

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Market Segmentation:

By Type:
• Tank Cars
• Boxcars
• Hopper
• Other

By Application:
• Anti-Corrosion
• Anti-Abrasion
• Other

By Region:

North America Railcar Coatings Market
• North America, by Country
o US
o Canada
o Mexico
• North America, by Type
• North America, by Application

Europe Railcar Coatings Market
• Europe, by Country
o Germany
o Russia
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Europe
• Europe, by Type
• Europe, by Application

Asia Pacific Railcar Coatings Market
• Asia Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Asia Pacific, by Type
• Asia Pacific, by Application

Middle East & Africa Railcar Coatings Market
• Middle East & Africa, by Country
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa
• Middle East & Africa, by Type
• Middle East & Africa, by Application

South America Railcar Coatings Market
• South America, by Country
o Brazil
o Argentina
o Colombia
o Rest of South America
• South America, by Type
• South America, by Application

Reasons to Buy This Report:

• Provides niche insights for decision about every possible segment helping in strategic decision making process.
• Market size estimation of the railcar coatings market on a regional and global basis.
• A unique research design for market size estimation and forecast.
• Identification of major companies operating in the market with related developments
• Exhaustive scope to cover all the possible segments helping every stakeholder in the railcar coatings

Customization:

This study is customized to meet your specific requirements:

• By Segment
• By Sub-segment
• By Region/Country
• Product Specific Competitive Analysis

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This release was published on openPR.