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Development of High-speed Rail Networks Spurs Demand for Related Adhesives and Coatings Finds Frost & Sullivan - Environmentally-friendly polyurethane-based coatings expected to become popular - Chemicals.Frost.com
Development of High-speed Rail Networks Spurs Demand for Related Adhesives and Coatings Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/06/25 - Environmentally-friendly polyurethane-based coatings expected to become popular - Chemicals.Frost.com.

   
 
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Government initiatives to develop strong high-speed rail (HSR) networks in various countries and make mass transits faster, safer and efficient have opened up opportunities for the global HSR coatings and adhesives market. France, Germany, Spain, Italy and China are key growth markets that will eventually become the primary hotspots for HSR coatings and adhesive manufacturers.

New analysis from Frost & Sullivan (chemicals.frost.com), Global Opportunities for Adhesives and Coatings in High-speed Rail, finds that the market earned revenues of $50.4 million in 2012 and estimates this to reach $151.7 million in 2019.

Environmental mandates have facilitated advancements in water-borne and fire-retarding coatings, thereby aiding the development of the global coatings and adhesive market.

"Apart from enhancing product quality, acquiring a global presence and extending technical support to original equipment manufacturers (OEMs) have enabled HSR coating manufacturers to stay competitive," said Frost & Sullivan Chemicals, Materials and Food Research Analyst Soundarya Shankar. "In fact, maintaining a global presence is crucial, as OEMs prefer manufacturers with regional facilities so that they can work closely to obtain customised solutions."

The large number of HSR projects initiated in the United States further widens the growth prospects for HSR coatings and adhesive suppliers. China also offers potential for market growth, although political uncertainty in the country and the 2011 Wenzhou rail crash have significantly affected new investments.

Unstable economic conditions and delayed government funding limit revenues in Europe as well, especially as HSR is viewed as a luxury and not a national priority like the construction and automotive sectors. Rising raw material prices add to the challenge, and vendors are looking to reduce manufacturing and operational costs to avoid passing on price hikes to their customers.

"Health concerns and regulatory requirements will compel companies to introduce polyurethane-based coatings that have a smaller environmental footprint," observed Shankar. "The trend will start in Europe, with Asia-Pacific and North America following suit."

The market in several European countries such as Turkey, Poland and Sweden is likely to gain momentum in the medium term.

If you are interested in more information on this research, please send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Global Opportunities for Adhesives and Coatings in High-speed Rail is part of the Chemicals & Materials Growth Partnership Service program. Frost & Sullivan’s related research services include Global Opportunities for Plastics and Composites in High Speed Rail. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Global Opportunities for Adhesives and Coatings in High-speed Rail / M92F-39

 
 
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Development of High-speed Rail Networks Spurs Demand for Related Adhesives and Coatings Finds Frost & Sullivan

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Frost & Sullivan | Adhesives and Coatings
Contact: Chiara Carella - Frost.com 
+44(0)20 7343 8314 / +44(0)75 3301 7689 (mobile) chiara.carella[.]frost.com
 
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