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Lightweighting and Premiumization Ignite Fresh Growth Opportunities for Adhesives and Sealants in Railway Rolling Stock Market

Market set for healthy CAGR of 6.7% between 2018 and 2025, finds Frost & SullivanSANTA CLARA, California, Oct. 30, 2019 /PRNewswire/ -- Frost & Sullivan's latest analysis, Growth Opportunities for Adhesives and Sealants in Railway Rolling Stocks, Forecast to 2025,Areveals that increasing demand for rolling stock, lightweighting strategies, and premiumization of rail cabins are creating significant growth prospects as well as fueling an estimated compound annual growth rate (CAGR) of 6.7% between 2018 and 2025. To succeed in a highly consolidated and competitive environment, with innovative key players such as Sika AG, Henkel and Bostik, participants should focus on expanding their product portfolios and providing extensive technical support. "Top rail manufacturers are turning toward lightweighting and electrification to reduce overall energy consumption and CO2 emissions. They are also innovating existing rail design by incorporating composites, increasing onboard digitized services, and reducing noise, vibration and harshness to capitalize on growing consumer demand," said Aditya Krishnan, Research Analyst, Chemicals, Materials & Nutrition, Frost & Sullivan. "Players should look toward multi-material joining techniques and sound and vibration dampening materials to harness lucrative revenue prospects."For further information on this analysis, please click here: https://frost.ly/3uxFrom a regional perspective, APAC is the market leader due to the replacement of traditional joining techniques in countries such as India and China and heightened demand for electric multiple units and metro rail rolling stock. In Europe, the use of plastics and composites,Awith the ban on isocyanides in several European countries,AisAexpected to boost the use of premium chemistriesAsuch as Polyurethane (PU) with low isocyanide content. North America and Rest of World rail growth, although immense, has been curtailed by political, socioeconomic, and topographical factors.
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