Rail Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Resin (Acrylic, Epoxy, Polyurethane, Plastisol’s, Polyester, Fluoropolymers, and Other Resins), Technology (Water-based and Solvent-based), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Rail Coatings Market Size

welan gum market growth trends and forecast
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4.5 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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Rail Coatings Market Analysis

The market for rail coatings is expected to grow at a CAGR of more than 4.5% during the forecast period. Major factors driving the market studied are developing a high-speed rail network in Asia-Pacific and increasing demand for mass transportation.

  • The high energy efficiency of rails compared to other modes of transport is expected to act like an opportunity to the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption

Rail Coatings Industry Segmentation

The rail coatings market report includes:

Other Resins
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Rail Coatings Market Trends

This section covers the major market trends shaping the Rail Coatings Market according to our research experts:

Acrylics Segment to Dominate the Market

  • Acrylic-based resins are thermoplastic resins produced by the polymerization of acrylate or methacrylate monomers. Various acrylic resins can also contain vinyl monomers, such as styrene or vinyl acetate, to reduce cost.
  • These resins provide resistance to hydrolysis, good weather resistance, excellent gloss, and color retention, particularly for exterior applications. They also have certain other properties, such as transparency, UV resistance, and the high color ability for coating solutions.
  • Acrylic resins find applications in solvent-borne paints. Products made by solution polymerization can also lead to the formulation of water-borne acrylic dispersions and powder coatings for railway interior applications.
  • The solvent-borne coatings made of acrylic resins are extensively used in paints that form films by crosslinking. These resins are also used in water-borne systems to reduce VOC emission. High surface hardness can be achieved with the application of these acrylic resins.
  • The acrylic coating helps to provide elastomeric finishes, so as to improve the UV resistance of the surface. The exceptional barrier properties, quick-drying, good gloss, and adhesion on different metallic substrates of acrylic-based coatings make it suitable for the metal application.
  • Acrylic coatings are used in both interior and exterior surfaces of passenger wagons, hopper wagons, tank wagons, boxcars, and locomotives, amongst other rail parts. The growing requirement of durable and corrosion-resistive coatings in rail cars is expected to drive the market for acrylic-based coatings through the years to come.
Welan Gum Market Revenue Share

China to Dominate the Asia-Pacific Region

  • China has spent around USD 570 billion on railway projects. In 2019, the country further planned to invest in 6,800 kilometers of railway projects, to continue building the leading rail system in the world.
  • Furthermore, the government of China is planning to run trains about 5,000 trains per year between China and Europe, expected to be achieved by 2025.
  • Additionally, rail cars are required to be repainted periodically after a span of a few years, depending on how aggressive the service environment is. Typical railcar exterior coatings have a service life of 10 years or less for tanks cars, but repainting is mostly pushed out to15 years and is planned to coincide with taking the railcar out of service for other repairs.
  • The coating of locomotives is more costly and is coated at a lesser rate than freight cars.
  • Overall, the introduction of new rail cars, coupled with the repair and refurbishment of the existing rails cars and wagons, is expected to drive the China rail coatings market through the forecast period.
Welan Gum Market Regional Trends

Rail Coatings Industry Overview

The rail coatings market is a semi consolidate the market. Some of the major players include Axalta Coating Systems, LLC, Akzo Nobel NV, BASF SE, RPM International Inc., PPG Industries Inc., amongst others. 

Rail Coatings Market Leaders

  1. Axalta Coating Systems, LLC

  2. Akzo Nobel NV

  3. BASF SE

  4. RPM International Inc

  5. PPG Industries Inc

*Disclaimer: Major Players sorted in no particular order

welan gum market growth trends and forecast

Rail Coatings Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Developing High-speed Rail Network in Asia-Pacific

      2. 4.1.2 Increasing Demand for Mass Transportation

      3. 4.1.3 High Energy Efficiency of Rails Compared to Other Modes of Transport

    2. 4.2 Restraints

      1. 4.2.1 Regulations related to VOCs

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Resin

      1. 5.1.1 Acrylic

      2. 5.1.2 Epoxy

      3. 5.1.3 Polyurethane

      4. 5.1.4 Plastisols

      5. 5.1.5 Polyester

      6. 5.1.6 Fluoropolymers

      7. 5.1.7 Other Resins

    2. 5.2 Technology

      1. 5.2.1 Water-based

      2. 5.2.2 Solvent-based

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Axalta Coating Systems, LLC

      2. 6.4.2 Akzo Nobel NV

      3. 6.4.3 BASF SE

      4. 6.4.4 RPM International Inc.

      5. 6.4.5 GLS Coatings Ltd

      6. 6.4.6 Hempel A/S

      7. 6.4.7 WEILBURGER Coatings GmbH

      8. 6.4.8 Nippon Paint Company Limited

      9. 6.4.9 PPG Industries Inc.

      10. 6.4.10 Williams Hayward Protective Coatings Inc.

      11. 6.4.11 The Sherwin Williams Company

      12. 6.4.12 Mäder Group SA

      13. 6.4.13 Kansai Paint Co., Ltd.

      14. 6.4.14 T & R Williamson

    5. *List Not Exhaustive

    1. 7.1 High Energy Efficiency of Rails Compared to Other Modes of Transport

    2. 7.2 Other Opportunities

**Subject to Availability
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Rail Coatings Market Research FAQs

The Rail Coatings Market is studied from 2018 - 2028.

The Rail Coatings Market is growing at a CAGR of >4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Axalta Coating Systems, LLC, Akzo Nobel NV, BASF SE, RPM International Inc, PPG Industries Inc are the major companies operating in Rail Coatings Market.

Rail Coatings Industry Report

Statistics for the 2023 Rail Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rail Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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