Railway Coatings Market, by Product Type, by Coating Type, by Application Area, by Application, by End Use, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Multiple factors such as stray currents, salt, water, and moisture cause the corrosion of rails. Corrosion creates a high risk of damage to the rail parts. Moreover, rail corrosion weakens the foot of the rails as well. Railway coatings protects the rails from corrosion. Coatings used in the railway industry are waterproof as well as insulated. The coatings can be applied to all types of rails including flat bottom rails.

Market Dynamics

Repair and refurbishment of existing railways coupled with introduction of new railways is expected to provide potential opportunities for the railway coatings manufacturers. For instance, in April 2019, more than US$ 391 Mn was invested by the European Commission for an extension of Circumetnea railway in Sicily, Italy, so as to develop eight new stations and new trains. Development of new railways as well as funding by the government for railways development is expected to drive demand for rail cars and railway coatings globally.

Additionally, investment by the governments on repair and refurbishment of existing railways is also expected to drive demand for railway coating in near future. For instance, in August 2019, the U.S. Federal Railroad Administration granted US$ 272 Mn for the maintenance of railroad infrastructure. In March 2019, the German government announced an investment of US$ 1.09 Bn annually for maintaining rail network between 2020 and 2025. Such government investments are expected to drive the railway coatings market globally.

Key features of the study:

• This report provides in-depth analysis of railway coatings market, and provides market size (US$ Mn and KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global railway coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Akzo Nobel N.V., The Sherwin-Williams Co., Axalta Coating Systems, Weilburger Coatings GmbH, Hempel A/S, HSH Railway Finishes, PPG Industries, Inc., HELIOS, Teknos Group, and Nipsea Group
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global railway coatings market report caters to various stakeholders in this industry including investors, suppliers, railway coatings manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global railway coatings market

Detailed Segmentation:

Global Railway Coatings Market, By Product Type:

• Primer
• Base Coat
• Topcoat

Global Railway Coatings Market, By Coating Type:

• Electrocoat
• Liquid Coating
• Solvent-borne
• Waterborne
• Powder Coating

Global Railway Coatings Market, By Application Area:

• Interior
• Exterior

Global Railway Coatings Market, By Application:

• OEM
• Refurbishment

Global Railway Coatings Market, By End Use:

• Light Rail Vehicles
• High Speed Railways
• Locomotives
• Metros
• Regional Trains
• Freight Wagons
• Others

Global Railway Coatings Market, By Region:

• North America
• U.S.
• Canada
• Europe
• U.K.
• Italy
• France
• Germany
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Middle East & Africa
• Middle East
• Africa

Company Profiles

• Akzo Nobel N.V. *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• The Sherwin-Williams Co.
• Axalta Coating Systems
• Weilburger Coatings GmbH
• Hempel A/S
• HSH Railway Finishes
• PPG Industries, Inc.
• HELIOS
• Teknos Group
• Nipsea Group

“*” marked represents similar segmentation in other categories in the respective section.