Railcar Leasing Market to Grow 9.01% by 2021

According to a new report from Research and Markets, the railcar leasing market in North America will grow at a CAGR of 9.01% from 2017 to 2021.

The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is the application of advanced coatings on railcars. Railcars are prone to wear and tear due to their extensive use. They are susceptible to weather changes and capable of reacting with the contents. Solid coatings such as epoxy coatings, sulfuric acid and phenolic acid are used to eliminate any damage or reaction of railcars. Coatings applied to the walls of various railcars are chemically inert in nature and are certified by the Food and Drug Administration (FDA) and National Science Foundation (NSF). Tank cars are highly susceptible to the reactions and damage as they carry flammable liquids and hazardous gases. The cylindrical shape of tank cars makes it difficult to get the desired film to be applied on the top of tank cars, which results in an uneven coating.

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Terry Mulreany
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