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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The rails and rail parts are exposed to several factors including water, salt, moisture, and stray currents. These factors lead to damage of rails due to corrosion, which can weaken the foot of the rails, creating a high risk of rail breakage. Railway coatings provide sustainable protection to the rails against corrosion. The coatings are insulated and waterproof in nature, and can be applied to all types of flat bottom rails.

The global railway coatings market is estimated to surpass US$ 2,915.9 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.0% during the forecast period (2020 to 2027).

Drivers

Introduction of new railways and the repair and refurbishment of existing railways is driving the market growth of the railway coatings. Railway coatings consist of protective coatings for interior or exterior of rail cars such as tank cars, boxcars, open hoppers, and covered hoppers among others. Building of new railcars as well as maintenance of existing rail cars is driving growth of the global railway coatings market. For instance, Alstom S A, a company operating in the field of rail transport, received a contract to supply 252 electric multiple-unit cars from the government of West Australia in August 2019. For instance, in March 2020, the National Development and Reform Commission of the People's Republic of China approved investment of US$ 11.25 Bn for development of railway projects in Hefei, Anhui, China.

The increasing demand for mass transportation and rail freight is expected to foster the market growth of railway coatings. For instance, according to the American Public Transportation Association (APTA), commuter rail ridership in 2018 increased by 0.4% in 2018 compared to 2017 in the U.S. With increasing population and urbanization across the globe, demand for mass transportation is also increasing. For instance, according to the International Association of Public Transport, metros were used by 168 Mn passengers in 182 cities within 56 countries per day in 2018.

Among regions, Asia Pacific held dominant position in the global railway coatings market in 2019, accounting for 35.60% market share in terms of revenue, followed by Europe and North America.

Figure 1. Global Railway Coatings Market Revenue Share (%), By Region, 2019

Railway Coatings  | Coherent Market Insights

Market Restraints

Government regulations on raw materials used in railway coatings is expected to hamper the product demand. Regulations limiting or eliminating the use of raw material that affects the environment and health of the people is a major factor hindering growth of the railway coatings market during the forecast period. This factor is expected to hinder the market growth.

Use of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) in coatings is mentioned in the regulations by governments and environmental agencies such as the U.S. Environment Protection Agency, European Commission, and Environment and Climate Change Canada, etc., these regulations are updated from time to time.

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Railway Coatings Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 2,040.8 Mn
Historical Data for: 2017 and 2018 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.0% 2027 Value Projection: US$ 2,915.9 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, South Korea, ASEAN, Australia, Rest of Asia Pacific
  • Middle East & Africa: Middle East and Africa
Segments covered:
  • By Product Type: Primer, Base Coat, and Topcoat
  • By Coating Type: Electrocoat, Liquid Coating (Solvent-borne and Waterborne), and Powder Coating
  • By Application Area: Interior and Exterior
  • By Application: OEM and Refurbishment
  • By End Use: Light Rail Vehicles, High Speed Railways, Locomotives, Metros, Regional Trains, Freight Wagons, and Others
Companies covered:

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

Growth Drivers:
  • Introduction of new railways and the repair and refurbishment of existing railways
  • The increasing demand for mass transportation and rail freight
Restraints & Challenges:
  • Government regulations on raw materials used in railway coatings

Market Trends

Development of new coatings to improve corrosion resistance and provide long-term protection are some of the current target trends in the railway coatings market. For instance, in September 2019, Hempel A/S introduced Hempatop Direct 460, which protects against corrosion. The new coating has a single-coat direct-to-metal (DTM) application, which helps to resist railcar color-fading & gloss-fading challenges, reduce maintenance costs, and increase productivity rates.

Figure 2. Global Railway Coatings Market – Opportunity Analysis

Railway Coatings  | Coherent Market Insights

On the basis of product type, in 2019, the topcoat segment accounted for 46.1% of the revenue share. Topcoat offers mechanical resistance, chemical resistance, color shade stability, high gloss, high resistance, and facilitate easy removal of graffiti, provide scratch resistance, among others. This is expected to drive demand of railway coatings in the topcoat segment during the forecast period.

Figure 3. Global Railway Coatings Market Revenue Share (%), By Product Type, 2019

Railway Coatings  | Coherent Market Insights

Global Railway Coatings Market - Impact of Coronavirus (COVID-19) Pandemic

Railway coatings are used for coating the interior and exterior of railcars, locomotives, tank cars, hoppers, etc. The spread of COVID-19 globally resulted in lockdowns, and cease in economic activities, which severely impacted the coatings sector. Demand for coatings virtually collapsed for a period until governments lifted their restrictive policies in different regions. Despite the pandemic situation, many countries have decided to continue rail construction activities. For instance, in April 2020, the U.K. government approved continuation of construction of High-Speed 2 (HS2) rail project. This in turn is expected to create demand for railway coatings in the near future. However, the delay in many railway construction projects is expected due to the pandemic. For instance, the completion of US$ 1.5 Bn railway construction project in Nigeria is delayed due to COVID-19 outbreak as the workers from China were unable to return to Nigeria.

Competitive Section

Key players operating in the global railway coatings market 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

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.
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Canada
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Italy
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • France
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Germany
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Spain
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Russia
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Rest of Europe
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • India
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Japan
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • ASEAN
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Australia
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Argentina
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Mexico
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Rest of Latin America
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
      • Africa
        • By Product Type:
          • Primer
          • Base Coat
          • Topcoat
        • By Coating Type:
          • Electrocoat
          • Liquid Coating
            • Solvent-borne
            • Waterborne
          • Powder Coating
        • By Application Area:
          • Interior
          • Exterior
        • By Application:
          • OEM
          • Refurbishment
        • By End Use:
          • Light Rail Vehicles
          • High Speed Railways
          • Locomotives
          • Metros
          • Regional Trains
          • Freight Wagons
          • Others
  •  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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Coating Type
      • Market Snippet, By Application
      • Market Snippet, By Application Area
      • Market Snippet, By End Use
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Railway Coatings Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Railway Coatings Market – COVID-19
    • Impact Analysis
  5. Global Railway Coatings Market, By Product Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Primer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Base Coat
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Topcoat
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  6. Global Railway Coatings Market, By Coating Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Electrocoat
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Liquid Coating
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
      • Sub-segment Trends
        • Solvent-borne
        • Waterborne
    • Powder Coating
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  7. Global Railway Coatings Market, By Application Area, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Interior
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Exterior
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  8. Global Railway Coatings Market, By Application, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • OEM
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Refurbishment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  9. Global Railway Coatings Market, By End Use, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Light Rail Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • High Speed Railways
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Locomotives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Metros
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Regional Trains
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Freight Wagons
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  10. Global Railway Coatings Market, By Region, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
    • Latin America
      • Market Share Analysis, By Country, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
    • Europe
      • Market Share Analysis, By Country, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2019, 2022, and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 - 2027
        • Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
        • Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Coating Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application Area, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Mn & KT)
  11. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Akzo Nobel N.V.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • The Sherwin-Williams Co.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Axalta Coating Systems
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Weilburger Coatings GmbH
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hempel A/S
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • HSH Railway Finishes
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • PPG Industries, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • HELIOS
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Teknos Group
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Nipsea Group
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  12. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Railway Coatings Market” - Global forecast to 2027.

FAQgrowicon

Frequently Asked Questions

The global railway coatings market is estimated to surpass US$ 2,915.9 Mn by 2027 and is expected to exhibit a CAGR of 5.0% between 2020 and 2027.
Introduction of new railways and the repair and refurbishment of existing railways are expected to drive the market growth during the forecast period.
Development of coatings to improve corrosion resistance and provide long-term protection are the current target trends in the market.
Government regulations on raw materials used in railway coatings act as a restraining factor for the market. For instance, Limitations on Volatile Organic Compounds and Hazardous Air Pollutants (HAPs) are expected to restrain demand for the railway coatings such as solvent borne liquid coatings during the forecast period.
Major players operating in the market 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
The market was valued at US$ 2,040.8 Mn in terms of revenue in 2019.
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