London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Coatings and Adhesives Market in HSR 2014-2018, which is expected to grow at a CAGR of 17.02 percent during 2013-2018.
The HSR market in the Asia Pacific region is dominated by China, which is focusing on polyurethane-based coatings, as they are environment-friendly, providing a huge boost for the Global Coatings and Adhesives in HSR market.
Key Market Drivers
- Increase in Demand in APAC Region
- Shift toward Faster, Greener Modes of Transportation
- Higher Level of Convenience
Key Market Trends
- Usage of Polyurethane-based Coatings
- Shift in Energy Use from Diesel to Electricity
- Upcoming HSR Projects
“In recent years, people have been focusing on safety and convenience factors, and travelling by HSR has proved to be hassle-free,” says Faisal Ghaus, Vice President of TechNavio.
“This is a positive sign for the HSR market, as it will create an extensive and lucrative market for the players.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
