Global Adhesives And Sealants In Railway Rolling Stock Market Overview
Safety, durability, comfort, and efficiency are the main factors in manufacturing railway vehicles such as trains, trams and underground trains. Among other materials, adhesives and sealants play a vital role in the production process and finished product. Sealants and adhesives for rail transport are utilized in the interiors and exteriors of rail vehicles throughout their lifecycle from design and production to field service and maintenance. These products can be used for sealing and bonding all railway vehicles from high-speed trains to railcars of light rail transit. The main task of rail industry adhesives and sealants is to make the manufacturing process faster and the vehicles safer.
Impact of COVID-19 on the market
Due to the ongoing COVID-19 outbreak, the automotive & transportation industry is amongst the most exposed verticals and is present amidst unprecedented uncertainty. COVID-19 is projected to have a substantial impact on the product demand and supply chain in the automotive sector. The demand for commercial vehicles is projected to fall with the closure of all non-essential services. Additionally, changes in consumer buying behaviour due to uncertainty surrounding the pandemic may have serious implications in the coming years on the growth of the industry. Temporarily, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further anticipated to extend over the coming few months. This report will quantify the impact of this pandemic on the adhesives and sealants in railway rolling stock market.
Global Adhesives And Sealants In Railway Rolling Stock Market Dynamics
Sealant and adhesive materials for rail interior and exterior
Sealant and adhesive materials for rail exterior protect joints, overlaps and seams as well as fill gaps and cracks in repair applications. They also used in exterior panel bonding, body structure assembly, and other applications replacing welded bonds and mechanical fasteners. Further, sealants and adhesive materials are also commonly applied to railcar interiors. Not only they contribute to onboard comfort but also guarantee safety. Also, along with cancelling noise and vibration some sealant and adhesive materials for rail interior are fire-resistant.
High advantages compared to other alternatives
The great advantage of sealants and adhesives is that they tend to be lighter in weight and greater strength compared to their alternatives such as welded bonds. In addition, high-quality adhesives and sealants also has alternative measures such as strength, eco-friendliness, visual appeal, and durability.
High overhaul and maintenance costs
Rolling stock requires regular maintenance to ensure its reliability. However, regular overhaul and maintenance of rolling stock are extremely expensive. For example, the annual maintenance cost of a high-speed trainset is around US$ 1 million. Additionally, to the cost of components that need to be replaced regularly, there is also a need for proper maintenance of infrastructures such as depots and berthing sites. Likewise, rolling stock needs long-term maintenance when the train has reached half its functioning life. This includes maintenance work on mechanical, electrical, and hydraulic parts of the vehicle. A huge investment is required for such maintenance.
Global Adhesives And Sealants In Railway Rolling Stock Market Segmentation
The global adhesives and sealants in the railway rolling stock market is segmented based on the rail type, material type, and region.
On the basis of the rail type, the global adhesives and sealants in the railway rolling stock market is segmented into high-speed rail, metro rail, electric multiple unit/diesel multiple unit, and coach. Based on the material type, the target market is segmented into polyurethanes, silyl-modified polymers, methyl methacrylates, silicone, polysulfides and other smaller chemistries.
Region Analysis:
In the region, the global adhesives and sealants in the railway rolling stock market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is led by developing countries such as India and China, where the installation of metro lines is growing at a faster pace than other countries in the region. The Asia Pacific region is the fastest and the highest-growing region in the rolling stock market owing to growing infrastructural developments, going/upcoming projects in various countries, and increase in government spending on the transportation sector. China’s rapidly growing economy is boosting the expansion of urban transit and high-speed train network to enhance transport systems in the country, thereby making it the fastest-growing railway industry in the world. More than 20,000 km of the high-speed rail network is operational in China while an additional 45,000 km is currently in the developing phase.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Rail Type - High Speed Rail, Metro Rail, Electric Multiple Unit/Diesel Multiple Unit, and Coach By Material Type - Polyurethanes, Silyl-Modified Polymers, Methyl Methacrylates, Silicone, Polysulfides and Other Smaller Chemistries |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global adhesives and sealants in railway rolling stock market report based on rail type, adhesive chemistries, sealants chemistries, and region.
Global Adhesives and Sealants in Railway Rolling Stock Market, By Rail Type:
- High Speed Rail
- Metro Rail
- Electric Multiple Unit/Diesel Multiple Unit
- Coach
Global Adhesives and Sealants in Railway Rolling Stock Market, By Material Type:
- Polyurethanes
- Silyl-Modified Polymers
- Methyl Methacrylates
- Silicone
- Polysulfides
- Other Smaller Chemistries
Global Adhesives and Sealants in Railway Rolling Stock Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Adhesives And Sealants In Railway Rolling Stock Market Key Players
The key players operating in the global adhesives and sealants in railway rolling stock market include Alstom, CRRC Corporation Limited, Bombardier, The Greenbrier Companies, Inc., General Electric, Hitachi Ltd., Siemens, Stadler Rail AG, TRANSMASHHOLDING, and TrinityRail. The market is consolidated because of growing mergers and acquisitions. Moreover, CRRC is also the foremost player in new vehicle segments such as high-speed trains, metro cars, diesel locomotives, and electric locomotives. The key players have employed improved manufacturing techniques and innovative concepts & ideas for enhancing their product.
Global Adhesives And Sealants In Railway Rolling Stock Market Company Profile
- Alstom
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- CRRC Corporation Limited
- Bombardier
- The Greenbrier Companies, Inc.
- General Electric
- Hitachi Ltd.
- Siemens
- Stadler Rail AG
- TRANSMASHHOLDING
- TrinityRail
“*” marked represents similar segmentation in other categories in the respective section
Global Adhesives And Sealants In Railway Rolling Stock Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Global Adhesives and Sealants in Railway Rolling Stock Market
- Key Questions this Study will Answer
- Market Snippet, By Rail Type
- Market Snippet, By Material Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Adhesives and Sealants in Railway Rolling Stock Market, By Rail Type, 2020 – 2030, (US$ Mn)
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- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- High Speed Rail
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Metro Rail
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Electric Multiple Unit/Diesel Multiple Unit
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Others
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Global Adhesives and Sealants in Railway Rolling Stock Market, By Material Type, 2020 – 2030, (US$ Mn)
- Overview
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- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
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- Polyurethanes
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Silyl-Modified Polymers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Silyl-Modified Polymers
- Methyl Methacrylates
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Silicones
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Polysulfides
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Others
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
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- Global Life Science Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Rail Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Rail Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Rail Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Rail Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Rail Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Alstom
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- CRRC Corporation Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Bombardier
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Greenbrier Companies, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- General Electric
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Hitachi Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Siemens
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Stadler Rail AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- TRANSMASHHOLDING
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- TrinityRail
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global medical imaging equipment market is segmented based on rail type, material type & Region.
Sealant and adhesive materials for rail interior and exterior will drive the market during forecast year.
Asia-Pacific is expected to dominate market in future due to advance technologies.
The key players operating in the global adhesives and sealants in railway rolling stock market include Alstom, CRRC Corporation Limited, Bombardier, The Greenbrier Companies, Inc., General Electric, Hitachi Ltd., Siemens, Stadler Rail AG, TRANSMASHHOLDING, and TrinityRail.