Rail Coatings Market

Global Rail Coatings Market by Resin Type (Acrylic, Epoxy, Polyurethane, Plastisols, Polyester, Fluoropolymers, Others), By Technology (Water-Based, Solvent-Based), By Application (Freight Rolling Stock, Passenger Rolling Stock, Locomotive Rolling Stock, Rolling Coat 'Below the Solebar'), By Railway Type (Public Transport Rail [Intercity Rail , Regional Rail , High-Speed Railway , Urban Rail Transit , and Others ], Goods Transport Rail [Flat Car , Tank Car , Covered Hopper , Open-Top Hopper , Gandola , Boxcar , Auto Car , and Others ]), By Energy Source (Steam, Diesel, Electric, Others), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)

  • Report ID: MC-1278
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 409
  • Format:
  • Pub. Date: 15-06-2021
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Market Outlook:

The global rail coatings market was valued at USD 1,059.5 Million in 2019 and is projected to reach USD 1,301.2 Million by 2027, expanding at a CAGR of 3.3% during the forecast period. Rail coatings are coatings used in different types of rail vehicles to prevent them from damage such as corrosion; caused by excessive exposure from salt-water, moisture, and stray currents. Corrosion weakens the foot of the rails and has a severe impact on rail quality, creating an elevated risk of rail breakage. To overcome from this, rail coating are used as unprotected rails are a big hazard for operation of trains.

Rail Coatings Market Key Takeaways

 

Market Dynamics

The railway sector’s budget is on the rise and countries, especially developing ones, are investing more and more funds to connect remote areas and facilitate development. As a result, new railway lines are being constructed in such countries. For instance, the Government of India, prioritizing rail infrastructure development, has enabled 100% FDI in rails. In 2019, it commenced the High-Speed Rail Corridor project between Nagpur and Mumbai (Two cities in India). Additionally, Government of India signed a Memorandum of Understanding with the Government of Japan to implement the Mumbai-Ahmedabad high speed rail corridor by 2022.

Rail coatings have volatile organic compounds in their composition. These compounds are chemicals vaporizing at room temperature, and they contribute heavily to ground-level air pollution. The EPA regulates them primarily because of their ability to produce “photochemical smog”. This smog is haze in the atmosphere complemented by high levels of nitrogen oxides and ozone, caused by sunlight acting on pollutants. Growing environmental concerns pertaining to these compounds in coatings act as a major restraining factor of the global rail coatings market.

Tank car linings with a longer service life that transport molasses, molten sulfur; and rubber linings used to transmit ferric chloride, hydrochloric acid (HCL), and phosphoric acid are an unmet need of the coatings industry. Rubber’s service life is reduced due to UV exposure, because of which rubber that lasts longer for exterior parts on tank cars that are used to carry HCL was also recognized as an unfulfilled need for resistance against spillage of HCL. Similarly, the need to replace high-bake phenolics has been persistent for several years. These technological requirements serve as opportunities for the market.

Segmental Outlook

By Resin Type

Based on resin types, the global rail coatings market is segmented into acrylic, epoxy, polyurethane, plastisols, polyester, fluoropolymers, and others. The acrylic segment held a considerable share of the market in 2019 and is anticipated to expand at a significant CAGR during the forecast period. The large share of the acrylic segment is attributed to its advantages over its alternatives. For instance, acrylic resins provide weather resistance, color retention, superior gloss, and resistance to hydrolysis, which in turn, increase the demand for acrylic resins across the globe. Moreover, this resin possesses several properties such as UV resistance, transparency, and high color ability for coating solutions, which is expected to increase its adoption for rail coatings during the forecast period.

Rail Coatings Market by Resin Type

By Technology

On the basis of technology, the global rail coatings market is bifurcated into water-based and solvent-based. The water-based segment held a considerable share of the market in 2019 and is anticipated to expand at a considerable CAGR during the forecast period. The large share of the water-based segment is attributed to factors such as increasing preference for water-based coatings. For instance, a Germany railway company called The Deutsche Bahn AG has been using waterborne coating products to paint railway vehicles for more than 20 years.

By Application

In terms of applications, the global rail coatings market is segmented into freight rolling stock, passenger rolling stock, locomotive rolling stock, and rolling coat 'below the solebar'. The freight rolling stock segment held a considerable share of the market in 2019 and is anticipated to expand at a high CAGR during the forecast period. The large share of the freight rolling stock segment is attributed to factors such as low cost of transportation and rising investments by rail freight companies.

Rail Coatings Market by applications

By Railway Type

Based on railway types, the global rail coatings market is segregated into public transport rail and goods transport rail. The public transport rail segment is sub-segmented into intercity rail, regional rail, high-speed railway, urban rail transit, and others. The goods transport rail segment is further divided into flat car, tank car, covered hopper, open-top hopper, gandola, boxcar, auto car, and others. The public transport rail segment held a considerable share of the market in 2019 and is anticipated to expand at a significant CAGR during the forecast period. The large share of the public transport rail segment is attributed to factors such as rising urban population, improving transportation infrastructure, and growing traffic problems. Moreover, advancements in high-speed railway (HSR) systems, in terms of operational speeds and route mileage, are expected to drive the segment.

By Energy Source

On the basis of energy sources, the global rail coatings market is fragmented into steam, diesel, electric, and others. The diesel segment held a considerable share of the market in 2019 and electric segment anticipated to expand at a high CAGR during the forecast period. The large share of the diesels segment is attributed to the ability of diesel rails accelerate quickly and operate at high speeds with minimal track damage and other economic advantages.

Regional Outlook

In terms of regions, the global rail coatings market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant market share in 2019 and is expected to expand at a high CAGR during the forecast period. For instance, according to a recently published news article by the World Paint & Coatings Industry Association (WPCIA), in 2019, Asia Pacific dominated the global paints and coatings industry with around 57% share. Thus, the demand for rail coatings is expected to increase across the region.

Rail Coatings Market by Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Rail Coatings Market.
  • Historical, Current and Projected Market Size in terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Rail Coatings Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Coatings Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Rail Coatings Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Rail Coatings Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Rail Coatings Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Rail Coatings Market Size & Forecast, 2017-2027
      4.5.1 Rail Coatings Market Size and Y-o-Y Growth
      4.5.2 Rail Coatings Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Resin Type, 2017-2027
   4.7 Global Rail Coatings Market: Impact Of Key Regulations
   4.8 Railway Coating Pricing Analysis by Application: Interior, Exterior and Undercoating (Global & Across Regions)
   4.9 Railway Coating Market Percentage of Demand by Coating Purpose: Exterior Protection, Aesthetic Finishes, Steel Component Coating, Interior Aluminum Coatings, Underframe Coatings, and Others
   4.10 Railway Coating Market: Technological Advancement
   4.11 Railway Coating Market: Investment Scenario
   4.12 Top Ongoing Railway Network Projects across World: Overview
   4.13 Vehicles in operation by rail operator
   4.14 Coating consumption split between Refinish and OEM
   4.15 Delivery Amount of Railway Vehicles per OEM
Chapter 5 Global Rail Coatings Market Analysis and Forecast By Resin Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Resin Type
      5.1.2 Basis Point Share (BPS) Analysis By Resin Type
      5.1.3 Absolute $ Opportunity Assessment By Resin Type
   5.2 Rail Coatings Market Size Forecast By Resin Type
      5.2.1 Acrylic
      5.2.2 Epoxy
      5.2.3 Polyurethane
      5.2.4 Plastisols
      5.2.5 Polyester
      5.2.6 Fluoropolymers
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Resin Typ
Chapter 6 Global Rail Coatings Market Analysis and Forecast By Technology
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Technology
      6.1.2 Basis Point Share (BPS) Analysis By Technology
      6.1.3 Absolute $ Opportunity Assessment By Technology
   6.2 Rail Coatings Market Size Forecast By Technology
      6.2.1 Water-Based
      6.2.2 Solvent-Based
   6.3 Market Attractiveness Analysis By Technology
Chapter 7 Global Rail Coatings Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Rail Coatings Market Size Forecast By Application
      7.2.1 Freight Rolling Stock
      7.2.2 Passenger Rolling Stock
      7.2.3 Locomotive Rolling Stock
      7.2.4 Rolling Coat 'Below the Solebar'
   7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Rail Coatings Market Analysis and Forecast By Railway Type
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Railway Type
      8.1.2 Basis Point Share (BPS) Analysis By Railway Type
      8.1.3 Absolute $ Opportunity Assessment By Railway Type
   8.2 Rail Coatings Market Size Forecast By Railway Type
      8.2.1 Public Transport Rail
         8.2.1.1 Intercity Rail
                     8.2.1.1.1 Interior
                     8.2.1.1.2 Exterior
                     8.2.1.1.3 Undercoating
         8.2.1.2 Regional Rail

                     8.2.1.2.1 Interior
                     8.2.1.2.2 Exterior
                     8.2.1.2.3 Undercoating
         8.2.1.3 High-Speed Railway

                     8.2.1.3.1 Interior
                     8.2.1.3.2 Exterior
                     8.2.1.3.3 Undercoating
         8.2.1.4 Urban Rail Transit
                     8.2.1.4.1 Commuter Rail

                                   8.2.1.4.1.1 Interior
                                   8.2.1.4.1.2 Exterior
                                   8.2.1.4.1.3 Undercoating
                     8.2.1.4.2 Metro

                                   8.2.1.4.2.1 Interior
                                   8.2.1.4.2.2 Exterior
                                   8.2.1.4.2.3 Undercoating
                     8.2.1.4.3 Sub-way

                                   8.2.1.4.3.1 Interior
                                   8.2.1.4.3.2 Exterior
                                   8.2.1.4.3.3 Undercoating
                     8.2.1.4.4 Tram

                                   8.2.1.4.4.1 Interior
                                   8.2.1.4.4.2 Exterior
                                   8.2.1.4.4.3 Undercoating
                     8.2.1.4.5 Light Rail

                                   8.2.1.4.5.1 Interior
                                   8.2.1.4.5.2 Exterior
                                   8.2.1.4.5.3 Undercoating
                     8.2.1.4.6 Others

                                   8.2.1.4.6.1 Interior
                                   8.2.1.4.6.2 Exterior
                                   8.2.1.4.6.3 Undercoating
         8.2.1.5 Others (Monorail, Heritage Railway, etc.)

                     8.2.1.5.1 Interior
                     8.2.1.5.2 Exterior
                     8.2.1.5.3 Undercoating
      8.2.2 Goods Transport Rail
         8.2.2.1 Flat Car

                     8.2.2.1.1 Interior
                     8.2.2.1.2 Exterior
                     8.2.2.1.3 Undercoating
         8.2.2.2 Tank Car

                     8.2.2.2.1 Interior
                     8.2.2.2.2 Exterior
                     8.2.2.2.3 Undercoating
         8.2.2.3 Covered Hopper

                     8.2.2.3.1 Interior
                     8.2.2.3.2 Exterior
                     8.2.2.3.3 Undercoating
         8.2.2.4 Open-Top Hopper

                     8.2.2.4.1 Interior
                     8.2.2.4.2 Exterior
                     8.2.2.4.3 Undercoating
         8.2.2.5 Gandola

                     8.2.2.5.1 Interior
                     8.2.2.5.2 Exterior
                     8.2.2.5.3 Undercoating
         8.2.2.6 Boxcar

                     8.2.2.6.1 Interior
                     8.2.2.6.2 Exterior
                     8.2.2.6.3 Undercoating
         8.2.2.7 Auto Car

                     8.2.2.7.1 Interior
                     8.2.2.7.2 Exterior
                     8.2.2.7.3 Undercoating
         8.2.2.8 Others

                     8.2.2.8.1 Interior
                     8.2.2.8.2 Exterior
                     8.2.2.8.3 Undercoating
   8.3 Market Attractiveness Analysis By Railway Type
Chapter 9 Global Rail Coatings Market Analysis and Forecast By Energy Source
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By Energy Source
      9.1.2 Basis Point Share (BPS) Analysis By Energy Source
      9.1.3 Absolute $ Opportunity Assessment By Energy Source
   9.2 Rail Coatings Market Size Forecast By Energy Source
      9.2.1 Mechanical
      9.2.2 Diesel
      9.2.3 Electric
   9.3 Market Attractiveness Analysis By Energy Source
Chapter 10 Global Rail Coatings Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities by Region
      10.1.2 Basis Point Share (BPS) Analysis by Region
      10.1.3 Absolute $ Opportunity Assessment by Region
   10.2 Rail Coatings Market Size Forecast by Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis by Region
Chapter 11 Coronavirus Disease (COVID-19) Impact
   11.1 Introduction
   11.2 Current & Future Impact Analysis
   11.3 Economic Impact Analysis
   11.4 Government Policies
   11.5 Investment Scenario
Chapter 12 North America Rail Coatings Analysis and Forecast
   12.1 Introduction
   12.2 North America Rail Coatings Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Rail Coatings Market Size Forecast By Resin Type
      12.6.1 Acrylic
      12.6.2 Epoxy
      12.6.3 Polyurethane
      12.6.4 Plastisols
      12.6.5 Polyester
      12.6.6 Fluoropolymers
      12.6.7 Others
   12.7 Basis Point Share (BPS) Analysis By Resin Type
   12.8 Absolute $ Opportunity Assessment By Resin Type
   12.9 Market Attractiveness Analysis By Resin Type
   12.10 North America Rail Coatings Market Size Forecast By Technology
      12.10.1 Water-Based
      12.10.2 Solvent-Based
   12.11 Basis Point Share (BPS) Analysis By Technology
   12.12 Absolute $ Opportunity Assessment By Technology
   12.13 Market Attractiveness Analysis By Technology
   12.14 North America Rail Coatings Market Size Forecast By Application
      12.14.1 Freight Rolling Stock
      12.14.2 Passenger Rolling Stock
      12.14.3 Locomotive Rolling Stock
      12.14.4 Rolling Coat 'Below the Solebar'
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
   12.18 North America Rail Coatings Market Size Forecast By Railway Type
      12.18.1 Public Transport Rail
         12.18.1.1 Intercity Rail
         12.18.1.2 Regional Rail
         12.18.1.3 High-Speed Railway
         12.18.1.4 Urban Rail Transit
                     12.18.1.4.1 Commuter Rail
                     12.18.1.4.2 Metro
                     12.18.1.4.3 Sub-way
                     12.18.1.4.4 Tram
                     12.18.1.4.5 Light Rail
                     12.18.1.4.6 Others
         12.18.1.5 Others (Monorail, Heritage Railway, etc.)
      12.18.2 Goods Transport Rail
         12.18.2.1 Flat Car
         12.18.2.2 Tank Car
         12.18.2.3 Covered Hopper
         12.18.2.4 Open-Top Hopper
         12.18.2.5 Gandola
         12.18.2.6 Boxcar
         12.18.2.7 Auto Car
         12.18.2.8 Others
   12.19 Basis Point Share (BPS) Analysis By Railway Type
   12.20 Absolute $ Opportunity Assessment By Railway Type
   12.21 Market Attractiveness Analysis By Railway Type
   12.22 North America Rail Coatings Market Size Forecast By Energy Source
      12.22.1 Mechanical
      12.22.2 Diesel
      12.22.3 Electric
   12.23 Basis Point Share (BPS) Analysis By Energy Source
   12.24 Absolute $ Opportunity Assessment By Energy Source
   12.25 Market Attractiveness Analysis By Energy Source
Chapter 13 Europe Rail Coatings Analysis and Forecast
   13.1 Introduction
   13.2 Europe Rail Coatings Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Rail Coatings Market Size Forecast By Resin Type
      13.6.1 Acrylic
      13.6.2 Epoxy
      13.6.3 Polyurethane
      13.6.4 Plastisols
      13.6.5 Polyester
      13.6.6 Fluoropolymers
      13.6.7 Others
   13.7 Basis Point Share (BPS) Analysis By Resin Type
   13.8 Absolute $ Opportunity Assessment By Resin Type
   13.9 Market Attractiveness Analysis By Resin Type
   13.10 Europe Rail Coatings Market Size Forecast By Technology
      13.10.1 Water-Based
      13.10.2 Solvent-Based
   13.11 Basis Point Share (BPS) Analysis By Technology
   13.12 Absolute $ Opportunity Assessment By Technology
   13.13 Market Attractiveness Analysis By Technology
   13.14 Europe Rail Coatings Market Size Forecast By Application
      13.14.1 Freight Rolling Stock
      13.14.2 Passenger Rolling Stock
      13.14.3 Locomotive Rolling Stock
      13.14.4 Rolling Coat 'Below the Solebar'
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
   13.18 Europe Rail Coatings Market Size Forecast By Railway Type
      13.18.1 Public Transport Rail
         13.18.1.1 Intercity Rail
         13.18.1.2 Regional Rail
         13.18.1.3 High-Speed Railway
         13.18.1.4 Urban Rail Transit
                     13.18.1.4.1 Commuter Rail
                     13.18.1.4.2 Metro
                     13.18.1.4.3 Sub-way
                     13.18.1.4.4 Tram
                     13.18.1.4.5 Light Rail
                     13.18.1.4.6 Others
         13.18.1.5 Others (Monorail, Heritage Railway, etc.)
      13.18.2 Goods Transport Rail
         13.18.2.1 Flat Car
         13.18.2.2 Tank Car
         13.18.2.3 Covered Hopper
         13.18.2.4 Open-Top Hopper
         13.18.2.5 Gandola
         13.18.2.6 Boxcar
         13.18.2.7 Auto Car
         13.18.2.8 Others
   13.19 Basis Point Share (BPS) Analysis By Railway Type
   13.20 Absolute $ Opportunity Assessment By Railway Type
   13.21 Market Attractiveness Analysis By Railway Type
   13.22 Europe Rail Coatings Market Size Forecast By Energy Source
      13.22.1 Mechanical
      13.22.2 Diesel
      13.22.3 Electric
   13.23 Basis Point Share (BPS) Analysis By Energy Source
   13.24 Absolute $ Opportunity Assessment By Energy Source
   13.25 Market Attractiveness Analysis By Energy Source
Chapter 14 Asia Pacific Rail Coatings Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Rail Coatings Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Rail Coatings Market Size Forecast By Resin Type
      14.6.1 Acrylic
      14.6.2 Epoxy
      14.6.3 Polyurethane
      14.6.4 Plastisols
      14.6.5 Polyester
      14.6.6 Fluoropolymers
      14.6.7 Others
   14.7 Basis Point Share (BPS) Analysis By Resin Type
   14.8 Absolute $ Opportunity Assessment By Resin Type
   14.9 Market Attractiveness Analysis By Resin Type
   14.10 Asia Pacific Rail Coatings Market Size Forecast By Technology
      14.10.1 Water-Based
      14.10.2 Solvent-Based
   14.11 Basis Point Share (BPS) Analysis By Technology
   14.12 Absolute $ Opportunity Assessment By Technology
   14.13 Market Attractiveness Analysis By Technology
   14.14 Asia Pacific Rail Coatings Market Size Forecast By Application
      14.14.1 Freight Rolling Stock
      14.14.2 Passenger Rolling Stock
      14.14.3 Locomotive Rolling Stock
      14.14.4 Rolling Coat 'Below the Solebar'
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
   14.18 Asia Pacific Rail Coatings Market Size Forecast By Railway Type
      14.18.1 Public Transport Rail
         14.18.1.1 Intercity Rail
         14.18.1.2 Regional Rail
         14.18.1.3 High-Speed Railway
         14.18.1.4 Urban Rail Transit
                     14.18.1.4.1 Commuter Rail
                     14.18.1.4.2 Metro
                     14.18.1.4.3 Sub-way
                     14.18.1.4.4 Tram
                     14.18.1.4.5 Light Rail
                     14.18.1.4.6 Others
         14.18.1.5 Others (Monorail, Heritage Railway, etc.)
      14.18.2 Goods Transport Rail
         14.18.2.1 Flat Car
         14.18.2.2 Tank Car
         14.18.2.3 Covered Hopper
         14.18.2.4 Open-Top Hopper
         14.18.2.5 Gandola
         14.18.2.6 Boxcar
         14.18.2.7 Auto Car
         14.18.2.8 Others
   14.19 Basis Point Share (BPS) Analysis By Railway Type
   14.20 Absolute $ Opportunity Assessment By Railway Type
   14.21 Market Attractiveness Analysis By Railway Type
   14.22 Asia Pacific Rail Coatings Market Size Forecast By Energy Source
      14.22.1 Mechanical
      14.22.2 Diesel
      14.22.3 Electric
   14.23 Basis Point Share (BPS) Analysis By Energy Source
   14.24 Absolute $ Opportunity Assessment By Energy Source
   14.25 Market Attractiveness Analysis By Energy Source
Chapter 15 Latin America Rail Coatings Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Rail Coatings Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Rail Coatings Market Size Forecast By Resin Type
      15.6.1 Acrylic
      15.6.2 Epoxy
      15.6.3 Polyurethane
      15.6.4 Plastisols
      15.6.5 Polyester
      15.6.6 Fluoropolymers
      15.6.7 Others
   15.7 Basis Point Share (BPS) Analysis By Resin Type
   15.8 Absolute $ Opportunity Assessment By Resin Type
   15.9 Market Attractiveness Analysis By Resin Type
   15.10 Latin America Rail Coatings Market Size Forecast By Technology
      15.10.1 Water-Based
      15.10.2 Solvent-Based
   15.11 Basis Point Share (BPS) Analysis By Technology
   15.12 Absolute $ Opportunity Assessment By Technology
   15.13 Market Attractiveness Analysis By Technology
   15.14 Latin America Rail Coatings Market Size Forecast By Application
      15.14.1 Freight Rolling Stock
      15.14.2 Passenger Rolling Stock
      15.14.3 Locomotive Rolling Stock
      15.14.4 Rolling Coat 'Below the Solebar'
   15.15 Basis Point Share (BPS) Analysis By Application
   15.16 Absolute $ Opportunity Assessment By Application
   15.17 Market Attractiveness Analysis By Application
   15.18 Latin America Rail Coatings Market Size Forecast By Railway Type
      15.18.1 Public Transport Rail
         15.18.1.1 Intercity Rail
         15.18.1.2 Regional Rail
         15.18.1.3 High-Speed Railway
         15.18.1.4 Urban Rail Transit
                     15.18.1.4.1 Commuter Rail
                     15.18.1.4.2 Metro
                     15.18.1.4.3 Sub-way
                     15.18.1.4.4 Tram
                     15.18.1.4.5 Light Rail
                     15.18.1.4.6 Others
         15.18.1.5 Others (Monorail, Heritage Railway, etc.)
      15.18.2 Goods Transport Rail
         15.18.2.1 Flat Car
         15.18.2.2 Tank Car
         15.18.2.3 Covered Hopper
         15.18.2.4 Open-Top Hopper
         15.18.2.5 Gandola
         15.18.2.6 Boxcar
         15.18.2.7 Auto Car
         15.18.2.8 Others
   15.19 Basis Point Share (BPS) Analysis By Railway Type
   15.20 Absolute $ Opportunity Assessment By Railway Type
   15.21 Market Attractiveness Analysis By Railway Type
   15.22 Latin America Rail Coatings Market Size Forecast By Energy Source
      15.22.1 Mechanical
      15.22.2 Diesel
      15.22.3 Electric
   15.23 Basis Point Share (BPS) Analysis By Energy Source
   15.24 Absolute $ Opportunity Assessment By Energy Source
   15.25 Market Attractiveness Analysis By Energy Source
Chapter 16 Middle East & Africa (MEA) Rail Coatings Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Rail Coatings Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Rail Coatings Market Size Forecast By Resin Type
      16.6.1 Acrylic
      16.6.2 Epoxy
      16.6.3 Polyurethane
      16.6.4 Plastisols
      16.6.5 Polyester
      16.6.6 Fluoropolymers
      16.6.7 Others
   16.7 Basis Point Share (BPS) Analysis By Resin Type
   16.8 Absolute $ Opportunity Assessment By Resin Type
   16.9 Market Attractiveness Analysis By Resin Type
   16.10 Middle East & Africa (MEA) Rail Coatings Market Size Forecast By Technology
      16.10.1 Water-Based
      16.10.2 Solvent-Based
   16.11 Basis Point Share (BPS) Analysis By Technology
   16.12 Absolute $ Opportunity Assessment By Technology
   16.13 Market Attractiveness Analysis By Technology
   16.14 Middle East & Africa (MEA) Rail Coatings Market Size Forecast By Application
      16.14.1 Freight Rolling Stock
      16.14.2 Passenger Rolling Stock
      16.14.3 Locomotive Rolling Stock
      16.14.4 Rolling Coat 'Below the Solebar'
   16.15 Basis Point Share (BPS) Analysis By Application
   16.16 Absolute $ Opportunity Assessment By Application
   16.17 Market Attractiveness Analysis By Application
   16.18 Middle East & Africa (MEA) Rail Coatings Market Size Forecast By Railway Type
      16.18.1 Public Transport Rail
         16.18.1.1 Intercity Rail
         16.18.1.2 Regional Rail
         16.18.1.3 High-Speed Railway
         16.18.1.4 Urban Rail Transit
                     16.18.1.4.1 Commuter Rail
                     16.18.1.4.2 Metro
                     16.18.1.4.3 Sub-way
                     16.18.1.4.4 Tram
                     16.18.1.4.5 Light Rail
                     16.18.1.4.6 Others
         16.18.1.5 Others (Monorail, Heritage Railway, etc.)
      16.18.2 Goods Transport Rail
         16.18.2.1 Flat Car
         16.18.2.2 Tank Car
         16.18.2.3 Covered Hopper
         16.18.2.4 Open-Top Hopper
         16.18.2.5 Gandola
         16.18.2.6 Boxcar
         16.18.2.7 Auto Car
         16.18.2.8 Others
   16.19 Basis Point Share (BPS) Analysis By Railway Type
   16.20 Absolute $ Opportunity Assessment By Railway Type
   16.21 Market Attractiveness Analysis By Railway Type
   16.22 Middle East & Africa (MEA) Rail Coatings Market Size Forecast By Energy Source
      16.22.1 Mechanical
      16.22.2 Diesel
      16.22.3 Electric
   16.23 Basis Point Share (BPS) Analysis By Energy Source
   16.24 Absolute $ Opportunity Assessment By Energy Source
   16.25 Market Attractiveness Analysis By Energy Source
Chapter 17 Competition Landscape
   17.1 Rail Coatings Market Competitive Dashboard, By Region
   17.2 Global Rail Coatings Market: Market Share Analysis, 2019
      17.2.1 By Railway Type
      17.2.2 By Resin Type
      17.2.3 By Region
   17.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
      17.3.1 Axalta Coating Systems
      17.3.2 RPM International Inc.
      17.3.3 BASF SE
      17.3.4 PPG Industries, Inc.
      17.3.5 Jotun
      17.3.6 GLS Coatings Ltd.
      17.3.7 Zytexx
      17.3.8 Henkel Adhesives Technologies
      17.3.9 The Sherwin-Williams Company
      17.3.10 Voestalpine AG
      17.3.11 Fosroc
      17.3.12 Teknos US, Inc.
      17.3.13 AkzoNobel
      17.3.14 Lankwitzer
      17.3.15 Hempel
      17.3.16 WEILBURGER Coatings GmbH
      17.3.17 Nippon Paint Company Limited
      17.3.18 Williams Hayward Protective Coatings Inc.
      17.3.19 Mäder Group SA
      17.3.20 Kansai Paint Co. Ltd
      17.3.21 Williamson T & R

Key Segments Covered
By Resin Type

  • Acrylic
  • Epoxy
  • Polyurethane
  • Plastisols
  • Polyester
  • Fluoropolymers
  • Others
By Technology
  • Water-Based
  • Solvent-Based
By Application
  • Freight Rolling Stock
  • Passenger Rolling Stock
  • Locomotive Rolling Stock
  • Rolling Coat 'Below the Solebar'
By Railway Type
  • Public Transport Rail
    • Intercity Rail
      • Interior
      • Exterior
      • Undercoating
    • Regional Rail
      • Interior
      • Exterior
      • Undercoating
    • High-Speed Railway
      • Interior
      • Exterior
      • Undercoating
    • Urban Rail Transit
      • Interior
      • Exterior
      • Undercoating
    • Others
      • Interior
      • Exterior
      • Undercoating
  • Goods Transport Rail
    • Flat Car
      • Interior
      • Exterior
      • Undercoating
    • Tank Car
      • Interior
      • Exterior
      • Undercoating
    • Covered Hopper
      • Interior
      • Exterior
      • Undercoating
    • Open-Top Hopper
      • Interior
      • Exterior
      • Undercoating
    • Gandola
      • Interior
      • Exterior
      • Undercoating
    • Boxcar
      • Interior
      • Exterior
      • Undercoating
    • Auto Car
      • Interior
      • Exterior
      • Undercoating
    • Others
      • Interior
      • Exterior
      • Undercoating
By Energy Source
  • Steam
  • Diesel
  • Electric
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • Axalta Coating Systems
  • RPM International Inc.
  • BASF SE
  • PPG Industries, Inc.
  • Jotun
  • GLS Coatings Ltd.
  • Zytexx
  • Henkel Adhesives Technologies
  • The Sherwin-Williams Company
  • Voestalpine AG
  • Fosroc
  • Teknos US, Inc.
  • AkzoNobel
  • Lankwitzer
  • Williamson T & R
  • WEILBURGER Coatings GmbH
  • Nippon Paint Company Limited
  • Williams Hayward Protective Coatings Inc.
  • Mäder Group SA
  • Kansai Paint Co. Ltd
  • Hempel
  • Axalta Coating Systems, RPM International Inc., BASF SE, PPG Industries, Inc., Jotun, GLS Coatings Ltd., Zytexx, Henkel Adhesives Technologies, The Sherwin-Williams, Voestalpine AG, Forsook, Teknos US, Inc., AkzoNobel, Lankwitzer, Williamson T & R, WEILBURGER Coatings GmbH, Nippon Paint Company Limited, Williams Hayward Protective, Williams Hayward Protective Coatings Inc, Mäder Group SA, Kansai Paint Co. Ltd, Hempel.
  • These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for rail coatings.
Rail Coatings Market by Key Players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers types of rail coatings such as acrylic, epoxy, polyurethane, plastisols, polyester, fluoropolymers, and others.

According to this Growth Market Reports, the market from rail coatings is likely to register a CAGR of 3.3% during forecast period 2020-2027, with an anticipated valuation of USD 1,301.2 million by the end of the 2027.

In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such pricing analysis, technological advancements, top ongoing railway network projects across world, and vehicles in operation worldwide.

The rail coatings market is anticipated to grow significantly during forecast period due to Infrastructure development across developing nations and rising preference for high-speed rail transportation.

Public transport rail and goods transport rails are expected to further fuel the market over the forecast period.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness a decline of -2.3% in 2020 as compared to 2019 owing to the negative impact of COVID-19 on the rail coatings market.

The base year considered for the global rail coatings market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major market players include Axalta Coating Systems, RPM International Inc., BASF SE, PPG Industries, Inc., and The Sherwin-Williams Company.