High-speed Rail Coatings Market Forecast to Reach Around $8 Billion by 2025 Growing at a CAGR of 5.5% During 2020-2025
Posted on Jun 9 2020 10:56 AM "The High Investment Cost Required for High-speed Rails Than the Traditional Rails and Presence of Volatile Materials in Coatings Are Restraining the Growth of High-speed Rail Coatings Market Size During the Forecast Period." The High-speed Rail Coatings Market size is forecast to reach around $8 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. The growing high-speed rail track construction and train manufacturing projects worldwide drives the growth of global High-speed Rail Coatings market size during the forecast period. For instance, BASF SE, committed its support to build 30,000 km of high-speed rail lines by 2020 in China. Furthermore, the growth of transportation and infrastructural activities in developed and developing economies are contributing to the increase in demand for High-speed Rail Coatings. Technology - Segment Analysis The solvent-borne segment held the largest share of more than 35% in the global high...