Rail rolling stock coatings valued at €428 million
The Global Industrial Coatings Market 2010-2020 study continues this month with the release of the Rail chapter to early subscribers.
Global coatings demand for rolling stock in 2009 was valued at €428 million, down from €467 million in 2006. Approximately 70% of total demand comes from repair, maintenance and refurbishment activity.
China accounts for around 30% of the global rolling stock market. All three major European suppliers have a significant presence in Asia through joint ventures but China South Locomotive & Rolling Stock Corp. Limited (CSR) and China CNR Corp. Limited, lead the domestic manufacturing market. Europe represents almost 40% of the market.
Rail examines the impact of the recession on rolling stock and associated coatings demand. The chapter considers technology trends and market developments from a regional perspective, and includes information on the key country markets. Demand drivers and market dynamics of both the freight and passenger rail markets are included. The expanded Outlook section presents annual forecasts of Rail coatings demand for the period 2010 – 2015 and an indication of market potential in 2020.
Optima Training’s Mark Small is project managing this ambitious research programme on behalf of the PRA Irfab team. For more information about the Global Industrial Coatings Markets 2010 – 2020 study, please visit the PRA website.