1. Market Research
  2. > Transportation
  3. > Rail Transportation Market Trends
Rail Greases Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type, Application ; Distribution Channel, and Geography

Rail Greases Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type, Application ; Distribution Channel, and Geography

  • July 2020
  • 169 pages
  • ID: 5950867
  • Format: PDF
  • The Insight Partners
Up to $1700 off Until Sep 30th 2020

Summary

Table of Contents

Search Inside

The global rail greases market is expected to reach US$ 420.27 million by 2027 from US$ 341.37 million in 2018. The market is estimated to grow with a CAGR of 2.4% from 2019 to 2027.

Surging demand for biodegradable rail greases is expected to provide lucrative opportunities to the market players operating in rail greases market.Using grease in the railways and trains reduces surface damage and subsurface deformation of rail curves.

Most of these greases consist of petroleum hydrocarbons.After the operation, these lubricants fall on the railroad tracks and pollute the environment.

These greases do not decompose in natural conditions and damage ecosystems associated with the rail.Thus, to improve the ecological compatibility of works and equipment, new biodegradable, eco-friendly lubricants are developed by the key players operating in the market.

These biodegradable greases show high performance and their additives are either synthetic ester or vegetable oil based. It degrades sooner compared to its mineral oil-based alternatives and do not release harmful residues after use. Companies operating in the global rail greases market are focusing on development of such products through its constant research and development activities. For instance, in March 2018, the company Klüber Lubrication introduced biodegradable rail flank lubricating grease for stationary systems. Moreover, the manufacturers of these greases comply with environmental regulations. Thus, the demand for biodegradable greases is projected to boost during the forecast period due to increasing concern towards the environment.

Based on product type, the rail greases market is segmented into lithium grease, calcium grease, and other grease.In 2018, the lithium grease segment dominated the global rail greases market and is expected to grow at a fastest growth rate during the forecast period.

Lithium grease is multi-purpose type grease with a buttery texture and dropping point above 350°F.Moreover, it can also be used with occasional temperatures up to 300°F.

Lithium grease has excellent resistance to water and breakdown or softening.Lithium-based greases are the most commonly used in railway applications due to its higher melting point compared to other types of greases.

Lithium greases are used in various parts in railways and trains such as curved tooth coupling, cardan shaft, axle boxes, and brake system due to their high pumpability. Regular maintenance activities of different parts used in railway transportation is expected to drive the demand for lithium grease during the forecast period.

Geographically, the global rail grease market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East and Africa (MEA).Asia Pacific has dominated the global rail greases market with highest market share and is estimated to be the fastest growing region during the forecast period.

The growth of the rail greases market in this region is attributed to booming economy, rapid urbanization, and growing investment by the government of emerging countries in the development of railway infrastructure.The countries across the region is experimenting with state-of-the-art transport technologies to make urban rail systems more efficient, reliable and passenger friendly.

The Asia Pacific metro systems are progressively moving from semi-automatic to driverless/unmanned train operations.Most of the upcoming systems are introducing the deployment of cutting-edge technological solutions for the comfort and safety of commuters.

Hence, the rail greases market is expected to experience rapid growth in the region during the forecast period. Furthermore, numerous government initiatives for digitization in the region’s conventional railway networks will also drive the rail greases market during the forecast period.

The COVID-19 pandemic began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace.COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

The global chemical and material industry are one of the major industries facing serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown, and office shutdowns as a result of this outbreak.For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries.

The lockdown of various plants and factories in leading regions such as Asia Pacific and North America is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods.

Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, BP Australia Pty Limited, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, Klüber Lubrication, Sinopec Corp are among the key players present in the global rail grease market.

Overall size of the rail grease market has been derived in accordance with to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants participating in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the rail grease market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($4500)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on