High Speed Rail Coating Market - Global Industry Analysis, Size, Share 2024 | Research Report

High speed rail is one of the safest and fastest modes of transport, which runs at a speed of over 200 km per hour. Coatings applied on the surface of high speed rails for interior and exterior protection from weather are called high speed rail coatings. These coatings also impart additional properties such as high yield strength for functional as well as aesthetic appeal. The global high speed rail coating market can be segmented on the basis of type into 1-K, 2-K, water-borne, and solvent-borne. They are used for various applications such as steel component coating, exterior protection, aesthetic finishes, interior aluminum coatings, and underframe coatings. High speed rail coatings are manufactured from a wide range of resins such as acrylics, epoxy, fluoropolymers, plastisols, polyester, and polyurethanes.

Browse Market Research Report @
http://www.transparencymarketresearch.com/high-speed-rail-coating-market.html

Global rise in demand for mass transportation can be attributed to the surge in investments in the expansion of railway networks across both developing and developed economies. High speed rails have the ability to cover long distances in very short time. Government initiatives to develop strong high-speed rail networks in various countries and make mass transits faster, safer, and efficient have opened up opportunities for the global high speed coatings market. However, a major restraining factor of the high speed rail coatings market are the growing environmental concerns pertaining to the volatile organic compounds content in coatings. Nevertheless, development of water borne type of coatings have aided the market significantly, as they emit very limited or no volatile organic compounds. Another challenge faced by the high speed rail coating market for the production of coatings is the volatile prices of raw material.

In terms of geography, the global high speed coating market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The significant development of trade and rapidly growing economies have contributed to the expansion of mass transportation. High speed rails have the ability to cover long distances in shorter time; hence, they are majorly being used for mass transportation, thus enhancing the high speed rail coating market. High speed rail coating market is expected to rise with the increasing high speed rail needs in developing countries like China and India for mass transportation and public transportation.

Get accurate market forecast and analysis on the High Speed Rail Coating Market. Request a sample to stay abreast on the key trends impacting this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16397

Asia Pacific is expected to lead the market growth followed by Europe because of the rapid growth in mass trading operations. This high consumption is driven by rapid growth in infrastructure development and need for faster transportation at relatively cheaper rates. Developed nations like the U.S are in the process of expanding their high-speed rail networks, due to the increasing demand for mass transportation. Hence the high speed rail coating market is expected to grow in North America. Many countries have developed high speed rail to connect between countries such as Austria, Germany, Spain, and France, thus augmenting the high speed rail coating market. China has 19,000 km of high speed rail as of December 2015, accounting for two-thirds of the world's total and hence being the world’s largest consumer of high speed rail coating.

Some of the key players in the high speed rail coating market include Akzo Nobel N.V, BASF SE, PPG Industries, Inc., The Valspar Corporation, Axalta Coating Systems, LLC, PSG Limited, GLS Coatings Ltd, Zytexx, The Sherwin-Williams Company, Fosroc, Henkel, Hollysys, and Siemens.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.