Train Coating Market Trends and Forecast
The future of the global train coating market looks promising with opportunities in the subway train, normal-speed railway train, and high-speed railway train markets. The global train coating market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing demand for train coatings to enhance durability and aesthetics, growing emphasis on weather and corrosion resistance in railway operations, and rising adoption of eco-friendly and low-VOC coatings to meet environmental standards in rail transport.
• Lucintel forecasts that primer is expected to witness higher growth over the forecast period.
• Within this market, subway train is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Train Coating Market
• United States – Axalta partnered with Amtrak to develop high-performance train coatings, aiming for improved aesthetics and durability, supported by federal grants for railway infrastructure enhancement.
• Germany – DB Fahrzeuginstandhaltung introduced a low-VOC train coating solution, targeting 20% reduction in emissions and aligned with EU sustainability directives for public transportation.
• China – CRRC Corporation collaborated with PPG Industries to deploy anti-graffiti train coatings, supported by government initiatives to modernize urban transit systems and improve passenger experience.
• Japan – JR East launched a nano-ceramic train coating for Shinkansen bullet trains, aiming to reduce maintenance costs by 15% and improve operational efficiency, supported by government subsidies for rail innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Train Coating Market by Segment
The study includes a forecast for the global train coating market by type, application, and region.
Train Coating Market by Type [Value from 2018 to 2030]:
• Primer
• Top Coat
Train Coating Market by Application [Value from 2018 to 2030]:
• Subway Train
• Normal-Speed Railway Train
• High-Speed Railway Train
Train Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Train Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies train coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the train coating companies profiled in this report include-
• Akzonobel
• Alstom
• Arkema
• BASF
• Beijing Oriental Yuhong Waterproof Technology
• Chemetall
• GLS Coatings
Recent Development in the Train Coating Market
• AkzoNobel: Developed a durable and graffiti-resistant train coating system, enhancing aesthetics and reducing maintenance costs for urban transit operators.
• PPG Industries: Launched a high-performance anti-corrosion train coating with enhanced UV protection, aiming to extend the lifespan of rolling stock and reduce environmental impact.
• BASF SE: Introduced a bio-based train coating solution, aligning with sustainability goals by reducing carbon footprint and meeting stringent regulatory requirements.
• Sherwin-Williams: Rolled out a customized train coating system that offers superior weather resistance and color retention, tailored for diverse climate conditions and operational environments.
Features of the Global Train Coating Market
Market Size Estimates: Train coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Train coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Train coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the train coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the train coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for train coating market?
Answer: The global train coating market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the train coating market?
Answer: The major drivers for this market are increasing demand for train coatings to enhance durability and aesthetics, improving vehicle lifespan, growing emphasis on weather and corrosion resistance in railway operations, and rising adoption of eco-friendly and low-VOC coatings to meet environmental standards in rail transport.
Q3. What are the major segments for train coating market?
Answer: The future of the train coating market looks promising with opportunities in the subway train, normal-speed railway train, and high-speed railway train markets.
Q4. Who are the key train coating market companies?
Answer: Some of the key train coating companies are as follows:
• Akzonobel
• Alstom
• Arkema
• BASF
• Beijing Oriental Yuhong Waterproof Technology
• Chemetall
• GLS Coatings
Q5. Which train coating market segment will be the largest in future?
Answer: Lucintel forecasts that primer is expected to witness higher growth over the forecast period.
Q6. In train coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the train coating market by type (primer and top coat), application (subway train, normal-speed railway train, and high-speed railway train), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Train Coating Market Market, Train Coating Market Market Size, Train Coating Market Market Growth, Train Coating Market Market Analysis, Train Coating Market Market Report, Train Coating Market Market Share, Train Coating Market Market Trends, Train Coating Market Market Forecast, Train Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.