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.
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
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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