Rail Greases Market Forecasts to 2028 – Global Analysis By Product Type (Lithium Grease, Calcium Grease), Distribution Channel (Online, Offline), Application (Railway Track Elements, Curve Rails, and Others) and By Geography
According to Stratistics MRC, the Global Rail Greases Market is accounted for $357.25 million in 2020 and is expected to reach $500.32 million by 2028 growing at a CAGR of 4.3% during the forecast period. Some of the factors such as regular maintenance activities of different parts used in railway transportation and leveraging the e-commerce industry to increase customer reach are propelling the market growth. However, stringent environmental and continuous reforms by governments are hampering market growth.
Grease is a solid or semi-solid lubricant. It usually consists of mineral oil and thickeners such as calcium-based soaps and lithium-based soaps. Greases may also contain additional lubricating particles such as molybdenum disulfide, graphite, or polytetrafluoroethylene (PTFE).
Based on the product type, the lithium grease segment is estimated to have lucrative growth during the forecast period. Lithium grease has excellent resistance to water and breakdown or softening. Lithium greases are utilized in various parts in railways and trains such as curved tooth coupling, cardan shaft, and brake system due to their high pumpability.
By geography, the Asia Pacific holds the largest share in the market due to rapid urbanization and growing investment by the government of emerging countries in the development of railway infrastructure. The countries across the region are experimenting with state-of-the-art transport technologies to make urban rail systems more efficient, reliable, and passenger-friendly.
Some of the key players profiled in the Rail Greases Market include BP Australia Pty Limited, Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, Petroliam Nasional Berhad (Petronas), Royal Dutch Shell Plc, Sinopec, SKF Group, The Timken Company, Lukoil, China National Petroleum Corporation, Lincoln Industrial, CITGO, and Plews & Edelmann.
Estimated Market Size in 2020:
USD 357.25 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 500.32 million
Tables, Graphs & Figures
Product Type, Distribution Channel, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Product Types Covered:
• Lithium Grease
• Calcium Grease
Distribution Channels Covered:
• Railway Track Elements
• Switches & Fish Plates
• Rail Switch Plates and Turnouts
• Curve Rails
• Screw & Bolts
• Railway Vehicle Elements
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Rail Greases Market is majorly driven by regular maintenance activities of different parts used in railway transportation and leveraging the e-commerce industry to increase customer reach.
The lithium grease segment is growing at the highest CAGR due to it is utilized in various parts in railways and trains such as curved tooth coupling, cardan shaft, and brake system.
North America dominated with a significant market share owing to the increasing adoption of digital channels across this region has brought about an increased emphasis on online distributions channels.
Asia Pacific market is growing at the highest CAGR owing to a booming economy, rapid urbanization, and growing investment by the government of emerging countries in the development of railway infrastructure.
Key players in Rail Greases Market include BP Australia Pty Limited, Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, Petroliam Nasional Berhad (Petronas), Royal Dutch Shell Plc, Sinopec, SKF Group, The Timken Company, Lukoil, China National Petroleum Corporation, Lincoln Industrial, CITGO, and Plews & Edelmann.
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