High Speed Rail Coating Market 2016 Share, Trend and Forecast High Speed Rail Coating Market - Global Industry A

High Speed Rail Coating Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
High speed rail is one of the safest and fastest modes of transport, which runs at a
speed of over 200 km per hour. Coatings applied on the surface of high speed rails
for interior and exterior protection from weather are called high speed rail coatings.
These coatings also impart additional properties such as high yield strength for
functional as well as aesthetic appeal. The global high speed rail coating market can
be segmented on the basis of type into 1-K, 2-K, water-borne, and solvent-borne.
They are used for various applications such as steel component coating, exterior
protection, aesthetic finishes, interior aluminum coatings, and underframe coatings.
High speed rail coatings are manufactured from a wide range of resins such as
acrylics, epoxy, fluoropolymers, plastisols, polyester, and polyurethanes.
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Global rise in demand for mass transportation can be attributed to the surge in
investments in the expansion of railway networks across both developing and
developed economies. High speed rails have the ability to cover long distances in
very short time. Government initiatives to develop strong high-speed rail networks
in various countries and make mass transits faster, safer, and efficient have opened
up opportunities for the global high speed coatings market. However, a major
restraining factor of the high speed rail coatings market are the growing
environmental concerns pertaining to the volatile organic compounds content in
coatings. Nevertheless, development of water borne type of coatings have aided the
market significantly, as they emit very limited or no volatile organic compounds.
Another challenge faced by the high speed rail coating market for the production of
coatings is the volatile prices of raw material.
In terms of geography, the global high speed coating market has been segmented
into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The significant development of trade and rapidly growing economies have
contributed to the expansion of mass transportation. High speed rails have the
ability to cover long distances in shorter time; hence, they are majorly being used
for mass transportation, thus enhancing the high speed rail coating market. High
speed rail coating market is expected to rise with the increasing high speed rail
needs in developing countries like China and India for mass transportation and
public transportation. Asia Pacific is expected to lead the market growth followed by
Europe because of the rapid growth in mass trading operations. This high