Transparency Market Research has published a new report, titled “High Speed Rail Coating Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” According to the report, high-speed rail coatings impart high yield strength to rails. These coatings protect the interior and exterior of rails from weather. Moreover, they also add to the aesthetic appeal. According to the report by TMR, there is a rise in the demand for mass transportation across the globe and this in turn is boosting the Investments in projects which involve expansion of railway networks. Both developed and developing nations are undergoing expansion of rail win networks on account of the global increase in the demand for transportation.
The most important factor fuelling the growth of the high-speed rail coating market is the rising demand for high-speed rail which have the ability to cover long distances in extremely short period of time. In addition to this, growing efforts and initiatives taken by government of various countries to develop strong and high-speed rail networks in order to make mass transit faster, efficient, and safer are bolstering the demand for high-speed rail coatings. The significant rise in trade will also contribute to the growing demand for covering long distance at a short period.
On the other hand, the increasing concerns regarding the emission of volatile organic compounds which are present in coatings will act as a roadblock for the growth of the high-speed rail. Another factor which is acting as a challenge is the volatility of the pricing of the raw materials. On a positive note however, efforts taken by key players to invest extensively in research and development will result in the development of coatings that emit limited VOCs. Also, the introduction of water borne type of coatings will offer promise of growth.
On the basis of geography, the global high-speed cutting market is segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. Among these, Asia Pacific is witnessing a high demand for high-speed rail coatings on the phone with the rapidly growing population as well as the subsequent rise in the demand for mass transportation and public transportation in countries like India and China. Europe is anticipated to be the second leading regional market for high-speed rail coatings on account of the stupendous increase in mass trading operations. In addition to this, the demand for faster transportation at cheaper rates would also feel the growth of the European high-speed rail coatings market.
Request to view Sample Report:
The report profiles key players operating within the global high-speed cutting market for the purpose of study. The names of these players are: BASF SE, Akzo Nobel N.V, PPG Industries, Inc., Axalta Coating Systems, LLC, The Valspar Corporation, PSG Limited, Zytexx, GLS Coatings Ltd, The Sherwin-Williams Company, Henkel, Fosroc, Hollysys, and Siemens.