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 protect 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
The repair and refurbishment of existing railways coupled with the introduction of new railways is expected to provide potential market growth opportunities for railway coatings manufacturers. For instance, on May 8, 2023, Kansai Helios Member of a Global Coatings Group finalized its acquisition of Becker Industries SAS's global railway coatings business assetswill be able to enter new markets such as France and strengthen our competitiveness in the industrial field, including railway coatings, in Europe and globally by acquiring the business of Becker Industries SAS, which has a strong position and high technological capabilities in railway coatings in France and neighboring countries.
Key features of the study:
- This report provides an in-depth analysis of the railway coatings market, and provides market size (US$ Mn and KT) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices 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
- The 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:
- Global Railway Coatings Market, By Coating Type:
- Electrocoat
- Liquid Coating
- Powder Coating
- Global Railway Coatings Market, By Application Area:
- Global Railway Coatings Market, By Application:
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- 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
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- 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
- Nipsea Group
