The railcar spill containment market will witness promising growth – global sales estimated in excess of 4,100 units in 2018, according to a new study by Fact.MR.
The report envisages that the railcar track pans will remain sought-after in the railcar spill containment market, accounting for approximately 60% volume share in 2018.
Additionally, difference volume growth between railcar track pans and track berms is expected to be marginal in 2018.Track pans have traditionally reigned supreme in the railcar spill containment market, in light of relatively more radical benefits associated with the use of track pans.
Robust design for effective handling of hazardous chemicals’ spillage, coupled with greater capacity and impact resistance, are key attributes of track pans that underpin its supremacy in the railcar spill containment market.Track berms are also expected to gain significant momentum in the railcar spill containment market, although volume sales are estimated at half than those of track pans in 2018.
Durable and lightweight materials employed for production of track berms, which facilitate transportation of materials between railroad sites, is a key attribute linked with track berms that add to their rising palpability.
Another benefit of track berms over track pans is that these variants are portable, which enhances their usability in the railcar spill containment.After reading the railcar spill containment market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the railcar spill containment marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialThe railcar spill containment market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.