Global HSR Coatings Market, By Resin (Acrylics, Epoxy, Polyurethanes, Plastisol, Polyester, Fluoropolymers, Others), Technology (Water-Based, Solvent-Based, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global HSR Coatings Market
Global HSR coatings market is expected to grow moderately in the forecast period of 2019-2026. The report consists data from the historic year of 2017, and the base year of 2018. The market is expected to grow with a conservative CAGR. This rise of market value can be attributed to the rising levels of rail transportation systems’ integration. Growing levels of rail transport systems worldwide is expected to drive the market growth.
Market Definition: Global HSR Coatings Market
HSR coatings can be described as the protective layer of coatings and paints that are applied to the exterior and interior of the high-speed rail to protect from corrosion and wear & tear protection due to the high levels of velocity. Due to the high levels of velocity, there is an increased focus on friction and the effects it has on the train itself, which requires the need for anti-corrosion and protective coatings.
- Increased usage and implementation of railway transportation is expected to drive the market growth
- Requirement of large amounts of land for setting of rail tracks and platforms which leads to considerable amounts of environmental damage; this factor is expected to restrain the market growth
Segmentation: Global HSR Coatings Market
- By Resin
- By Technology
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In July 2017, Akzo Nobel N.V. announced the introduction and implementation of new golden metallic coatings to the “Fuxing CR400BF”, China’s latest high speed train.
- In March 2017, Axalta Coating System LLC in collaboration with Shazc Group has been tasked with coating the sound barriers of the metro line of Shanghai, China.
Competitive Analysis: Global HSR Coatings Market
Global HSR coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of HSR coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global HSR Coatings Market
Few of the major competitors currently working in the HSR coatings market are Axalta Coating Systems LLC, Akzo Nobel N.V., Alstom, Arkema, BASF SE, Oriental Yuhong Waterproof Technology Co.Ltd, GLS Coatings Ltd, Henkel AG & Co. KGaA, HollySys Automation Technologies Ltd, Kansai Paint Co.Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Solvay, The Sherwin-Williams Company, The Valspar Corporation, HIPPO Multipower, ClearClad Coatings Inc., and DuPont.
Research Methodology: Global HSR Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved