The rail greases market was valued at US$ 341.37 million in 2018 and is projected to reach US$ 420.27 million by 2027; it is expected to grow at a CAGR of 2.4% from 2019 to 2027.
Grease is a solid or semi-solid lubricating oil. It usually comprises mineral oil and thickeners such as calcium-based soap and lithium-based soaps. Greases may also contain additional lubricating particles, such as molybdenum disulfide, graphite, or polytetrafluoroethylene (PTFE). Different types of greases combine the lubricating properties of oils with added stickiness, which allows the lubricant to adhere to the surfaces better. Grease possesses characteristic feature such as high initial viscosity, which make it frictional. It is popularly used across various industries such as automobile, railway, construction, pharmaceutical, food & beverage, and mining. For rails, greases can be used in mechanisms where lubrication is required frequently and where lubricating oil does not stay for long. Grease acts as a sealant to avert ingress of water and incompressible materials. Grease is also being used for maintenance of various rail elements such as railway axles & wheels, bearings & chains, brake elements, interior components, pantographs, and railway track components, as it prevents entry of contaminants or loss of lubricant.
In 2018, 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 primarily due 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 are 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. Furthermore, numerous government initiatives for digitization in the region’s conventional railway networks will also drive the growth of the rail greases market during the forecast period.
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Rail Greases Market: Strategic Insights
Market Size Value in US$ 341.37 Million in 2018 Market Size Value by US$ 420.27 Million by 2027 Growth rate CAGR of 2.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Rail Greases Market: Strategic Insights
| Market Size Value in | US$ 341.37 Million in 2018 |
| Market Size Value by | US$ 420.27 Million by 2027 |
| Growth rate | CAGR of 2.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Impact of COVID-19 Pandemic on Rail Greases Market
The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Russia, India, Italy, China, Spain, France and Germany are among the worst-affected countries in terms confirmed cases and reported deaths as of July 2020. The pandemic has affected economies and industries due to enforced lockdowns, travel bans, and business shutdowns. After the spread of the COVID-19 outbreak, demand for rail greases has hampered across various regions due supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. The lockdown of various plants and factories in leading regions such as Asia Pacific and North America is affecting the manufacturing, delivery schedules, and sales of rail greases thus impacting the global rail grease market negatively.
Market Insights
Regular Maintenance Activities of Different Parts Used in Railway Transportation
Railway vehicle elements such as axles & wheels, bearings & chains, brake elements, interior components, and pantographs need frequent maintenance and lubrication for smooth running and high performance. Applying greases on wheels offer various benefits such as it reduces labor costs, extends repair intervals, and reduces lubricant consumption. Using greases for railway vehicle elements offers various operation benefits such as increases equipment reliability, reduces unplanned downtime, reduces energy and fuel consumption, and improves equipment profitability. Moreover, greases can help in saving energy and reducing noise. The axle box bearing of a vehicle-track system is an important component of a railway and train bogie, which bears a variety of complicated stochastic loads between the track and bogie. The reliability and service life of axle box bearings can influence railway safety. Grease plays a major part in the lubrication of railway axle box bearings as lubrication failures of axle box bearings can lead to accidents, such as hot axle cutting and bearing burnout. Additionally, greases are also used in other railway components such as track components, brakes, and interior components. Greases used in the railway track components are designed to minimize friction, reduce temperature, and prevent wear between wheel flange and rails. Greases are also used in screws and bolts used in the installation of railway track elements to protect them from rusting. Thus, the rail greases are mostly required for the maintenance activities and for smooth running and high performance of different parts such as railway vehicle components and railway track components. This fact has driven the market for rail greases during the forecast.
Type-Based Insights
Based on product type, the rail greases market is bifurcated into lithium grease, calcium grease, and other grease. In 2018, the lithium grease segment dominated the global rail greases and is expected to grow at 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 others. 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.
Application-Based Insights
Based on application, the rail greases market is segmented into railway vehicle elements, railway track elements, switches and fish plates, curve rails, and screw and bolts. The railway vehicle elements segment dominated the global rail greases market; whereas, the curve rails segment is expected to grow at a fastest growth rate during the forecast period. Lubricators are used extensively on curved track to control excessive wear of wheels and rails. Grease and oils are typically applied to the gauge face of the outside (high) rail of curves, and in addition to reducing wheel and rail wear, it has been shown to reduce rail end batter and the rate of corrugation growth. Recent research has demonstrated that effective lubrication has the added benefit of reducing energy and fuel consumption, which is causing many railway engineers to pay increased attention to lubricating practices. This further boosts the demand for rail greases globally. Additionally, in curved sections, the high rail (outside curve) wheel runs on the gauge face. This results in semi continuous friction that significantly causes wear to gauge face and the wheel flange. The strong contact friction forces between wheel and rail contact surfaces cause noise emission in the track curve. Therefore, greases are used to reduce friction. Specifically, in city center areas where tight track curves are prevalent, lubrication systems offer the solution to reduce the notorious curve squealing. Greases are used to reduce wear and curve noise on gauge face and top-of-rail. Therefore, in order to improve the economic life of rails, the lubrication of the curve rails has been considered to be an easy and economical solution.
Distribution Channel-Based Insights
Based on distribution channel, the rail greases market is segmented into offline and online. The offline segment dominated the global rail greases market; whereas, the online segment is expected to grow at a faster growth rate during the forecast period. The increasing adoption of digital channels across the globe has brought about an increased emphasis on online distributions channels. Internet usage and smartphone ownership rates are growing across the world, and consumers are becoming more inclined to do everything from conducting research to make their final purchase decision online. Several benefits, such as convenience, fast delivery, and secure payment options, have attracted B2B buyers to purchase online. Thus, the companies operating in the rail grease market have optimized their distribution strategy over the past few years to keep pace with the competition and continue to grow their business. The companies are adopting online distribution channels to target and reach a large number of customers in the market, along with their traditional offline distribution channels. Additionally, online distribution channels help companies to reach the target consumers without adding additional costs and expenses. Thus, the manufacturers of lubricants and grease are leveraging e-commerce industry to earn revenue by opening online stores and making sales through these channels.
Royal Dutch Shell Plc (Shell), Exxon Mobil Corporation, Total SA., BP Australia Pty Limited, Petroliam Nasional Berhad (Petronas), SKF Group, FUCHS, Chevron Corporation, Klüber Lubrication and Sinopec Corp. are among the key players operating in global rail greases market. Companies in this market have been continuously focusing on strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and fulfill the growing demand of the market.
Rail Greases Market Report Scope
Global Rail Greases Market – by Type
- Lithium Grease
- Calcium Grease
- Other Grease
Global Rail Greases Market – by Application
- Railway Vehicle Elements
- Railway Track Elements
- Switches and Fish Plates
- Curve Rails
- Screw and Bolts
Global Rail Greases Market – by Distribution Channel
- Offline
- Online
Company Profiles
- Royal Dutch Shell Plc (Shell)
- Exxon Mobil Corporation
- Total SA.
- BP Australia Pty Limited
- Petroliam Nasional Berhad (Petronas)
- SKF Group
- FUCHS
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type , Application ; Distribution Channel , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
In 2018, the lithium grease segment accounted for the largest market share in the global rail greases market by product type. 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 as compared to others. 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.
The major players operating in the global rail greases market are Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, BP Australia Pty Limited, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group., Chevron Corporation, Klüber Lubrication, and Sinopec Corp among many others.
In 2018, the rail greases market was predominant in Asia-Pacific at the global level. The growth of the rail greases market in this region is primarily due 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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Rail Greases Market – By Product Type
1.3.2 Global Rail Greases Market – By Application
1.3.3 Global rail greases Market – By Distribution Channel
1.3.4 Global rail greases Market – By Geography
2. Rail Greases Market – Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Rail Greases– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SAM PEST Analysis
4.3 Expert Opinion
5. Rail Greases – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Regular Maintenance Activities of Different Parts Used In Railway Transportation
5.1.2 Leveraging E-Commerce Industry To Increase Customer Reach
5.2 Key Market Restraints
5.2.1 Stringent Environmental and Continuous Reforms By Governments
5.3 Key Market Opportunities
5.3.1 Surging Demand for Biodegradable Rail Greases
5.4 Future Trends
5.4.1 The Introduction of Advanced Technologies such As Digitization in The Conventional Railway Networks
5.5 Impact Analysis
6. Rail Greases Market – Global Analysis
6.1 Global Rail Greases Market Revenue Forecasts And Analysis
6.2 Global rail greases Market, By Geography - Forecasts And Analysis
6.3 Market Positioning of Key Players
7. Rail Greases Market Analysis – By Product Type
7.1 Overview
7.2 Rail Greases Market, By Product Type (2018 and 2027)
7.3 Lithium Grease
7.3.1 Overview
7.3.1.1 Lithium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Calcium Grease
7.4.1 Overview
7.4.1.1 Calcium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Other Grease
7.5.1 Overview
7.5.1.1 Other Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
8. Rail Greases Market Analysis – By Application
8.1 Overview
8.2 Rail Greases Market, By Application (2018 and 2027)
8.3 Railway Vehicle Elements
8.3.1 Overview
8.3.1.1 Railway Vehicle Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Railway Track Elements
8.4.1 Overview
8.4.1.1 Railway Track Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Switches and Fish Plates
8.5.1 Overview
8.5.1.1 Switches and Fish Plates: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Curve Rails
8.6.1 Overview
8.6.1.1 Curve Rails: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
8.7 Screw and Bolts
8.7.1 Overview
8.7.1.1 Screw and Bolts: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
9. Rail Greases Market Analysis – By Distribution Channel
9.1 Overview
9.2 Rail Greases Market, By Distribution Channel (2018 and 2027)
9.3 Online
9.3.1 Overview
9.3.1.1 Online: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Offline
9.4.1 Overview
9.4.1.1 Offline: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10. Rail Greases Market – Geographic Analysis
10.1 Overview
10.2 North America: Rail Greases Market
10.2.1 North America: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.2.2 North America: Rail Greases Market, by Product Type
10.2.3 North America: Rail Greases Market, by Application
10.2.4 North America: Rail Greases Market, by Distribution Channel
10.2.5 North America: Rail Greases Market, by Key Country
10.2.5.1 US: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Rail Greases Market, by Product Type
10.2.5.1.2 US: Rail Greases Market, by Application
10.2.5.1.3 US: Rail Greases Market, by Distribution Channel
10.2.5.2 Canada: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Rail Greases Market, by Product Type
10.2.5.2.2 Canada: Rail Greases Market, by Application
10.2.5.2.3 Canada: Rail Greases Market, by Distribution Channel
10.2.5.3 Mexico: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Rail Greases Market, by Product Type
10.2.5.3.2 Mexico: Rail Greases Market, by Application
10.2.5.3.3 Mexico: Rail Greases Market, by Distribution Channel
10.3 Europe: Rail Greases Market
10.3.1 Europe: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.3.2 Europe: Rail Greases Market, by Product Type
10.3.3 Europe: Rail Greases Market, by Application
10.3.4 Europe: Rail Greases Market, by Product Type Distribution Channel
10.3.5 Europe: Rail Greases Market, by Key Country
10.3.5.1 Germany: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Rail Greases Market, by Product Type
10.3.5.1.2 Germany: Rail Greases Market, by Application
10.3.5.1.3 Germany: Rail Greases Market, by Distribution Channel
10.3.5.2 France: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Rail Greases Market, by Product Type
10.3.5.2.2 France: Rail Greases Market, by Application
10.3.5.2.3 France: Rail Greases Market, by Distribution Channel
10.3.5.3 Italy: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Rail Greases Market, by Product Type
10.3.5.3.2 Italy: Rail Greases Market, by Application
10.3.5.3.3 Italy: Rail Greases Market, by Distribution Channel
10.3.5.4 United Kingdom: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.3.5.4.1 United Kingdom: Rail Greases Market, by Product Type
10.3.5.4.2 United Kingdom: Rail Greases Market, by Application
10.3.5.4.3 United Kingdom: Rail Greases Market, by Distribution Channel
10.3.5.6 Rest of Europe: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Rail Greases Market, by Product Type
10.3.5.6.2 Rest of Europe: Rail Greases Market, by Application
10.3.5.6.3 Rest of Europe: Rail Greases Market, by Distribution Channel
10.4 Asia-Pacific: Rail Greases Market
10.4.1 Asia-Pacific: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.4.2 Asia-Pacific: Rail Greases Market, by Product Type
10.4.3 Asia-Pacific: Rail Greases Market, by Application
10.4.4 Asia-Pacific: Rail Greases Market, by Product Type Distribution Channel
10.4.5 Asia-Pacific: Rail Greases Market, by Key Country
10.4.5.1 Australia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Rail Greases Market, by Product Type
10.4.5.1.2 Australia: Rail Greases Market, by Application
10.4.5.1.3 Australia: Rail Greases Market, by Distribution Channel
10.4.5.2 China: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Rail Greases Market, by Product Type
10.4.5.2.2 China: Rail Greases Market, by Application
10.4.5.2.3 China: Rail Greases Market, by Distribution Channel
10.4.5.3 India: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Rail Greases Market, by Product Type
10.4.5.3.2 India: Rail Greases Market, by Application
10.4.5.3.3 India: Rail Greases Market, by Distribution Channel
10.4.5.4 Japan: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Rail Greases Market, by Product Type
10.4.5.4.2 Japan: Rail Greases Market, by Application
10.4.5.4.3 Japan: Rail Greases Market, by Distribution Channel
10.4.5.5 South Korea: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Rail Greases Market, by Product Type
10.4.5.5.2 South Korea: Rail Greases Market, by Application
10.4.5.5.3 South Korea: Rail Greases Market, by Distribution Channel
10.4.5.6 Rest of Asia-Pacific: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of Asia-Pacific: Rail Greases Market, by Product Type
10.4.5.6.2 Rest of Asia-Pacific: Rail Greases Market, by Application
10.4.5.6.3 Rest of Asia-Pacific: Rail Greases Market, by Distribution Channel
10.5 Middle East and Africa: Rail Greases Market
10.5.1 Middle East and Africa: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.5.2 Middle East and Africa: Rail Greases Market, by Product Type
10.5.3 Middle East and Africa: Rail Greases Market, by Application
10.5.4 Middle East and Africa: Rail Greases Market, by Product Type Distribution Channel
10.5.5 Middle East and Africa: Rail Greases Market, by Key Country
10.5.5.1 South Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Rail Greases Market, by Product Type
10.5.5.1.2 South Africa: Rail Greases Market, by Application
10.5.5.1.3 South Africa: Rail Greases Market, by Distribution Channel
10.5.5.2 Saudi Arabia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Rail Greases Market, by Product Type
10.5.5.2.2 Saudi Arabia: Rail Greases Market, by Application
10.5.5.2.3 Saudi Arabia: Rail Greases Market, by Distribution Channel
10.5.5.3 U.A.E: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.5.5.3.1 U.A.E: Rail Greases Market, by Product Type
10.5.5.3.2 U.A.E: Rail Greases Market, by Application
10.5.5.3.3 U.A.E: Rail Greases Market, by Distribution Channel
10.5.5.4 Rest of Middle East and Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of Middle East and Africa: Rail Greases Market, by Product Type
10.5.5.4.2 Rest of Middle East and Africa: Rail Greases Market, by Application
10.5.5.4.3 Rest of Middle East and Africa: Rail Greases Market, by Distribution Channel
10.6 South America: Rail Greases Market
10.6.1 South America: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
10.6.2 South America: Rail Greases Market, by Product Type
10.6.3 South America: Rail Greases Market, by Application
10.6.4 South America: Rail Greases Market, by Product Type Distribution Channel
10.6.5 South America: Rail Greases Market, by Key Country
10.6.5.1 Brazil: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Rail Greases Market, by Product Type
10.6.5.1.2 Brazil: Rail Greases Market, by Application
10.6.5.1.3 Brazil: Rail Greases Market, by Distribution Channel
10.6.5.2 Argentina: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Rail Greases Market, by Product Type
10.6.5.2.2 Argentina: Rail Greases Market, by Application
10.6.5.2.3 Argentina: Rail Greases Market, by Distribution Channel
10.6.5.3 Rest of South America : Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of South America : Rail Greases Market, by Product Type
10.6.5.3.2 Rest of South America : Rail Greases Market, by Application
10.6.5.3.3 Rest of South America : Rail Greases Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Global Rail Grease Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product News
12.2 Project Finance
13. Company Profiles
13.1 Royal Dutch Shell Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Exxon Mobil Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Total SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 BP Australia Pty Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Petroliam Nasional Berhad (Petronas)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 FUCHS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SKF Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Chevron Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Klüber Lubrication
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Sinopec Corp.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Rail Greases Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. North America: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 14. Europe: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 17. Germany: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 18. Germany: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 19. Germany: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 20. France: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 21. France: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 22. France: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 23. Italy: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 24. Italy: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 26. United Kingdom: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 27. United Kingdom: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 28. United Kingdom: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 29. Russia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 30. Russia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 32. Rest of Europe: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 33. Rest of Europe: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 35. Asia-Pacific: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 36. Asia-Pacific: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 37. Asia-Pacific: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 38. Australia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 39. Australia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 40. Australia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 41. China: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 42. China: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 43. China: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 44. India: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 45. India: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 46. India: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 47. Japan: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 48. Japan: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 49. Japan: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 50. South Korea: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 51. South Korea: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 52. South Korea: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 53. Rest of Asia-Pacific: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of Asia-Pacific: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of Asia-Pacific: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 56. Middle East and Africa: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 57. Middle East and Africa: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 58. Middle East and Africa: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 59. South Africa: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 60. South Africa: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 61. South Africa: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 62. Saudi Arabia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 63. Saudi Arabia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 64. Saudi Arabia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 65. U.A.E: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 66. U.A.E: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 67. U.A.E: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 68. Rest of Middle East and Africa: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 69. Rest of Middle East and Africa: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of Middle East and Africa: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 71. South America: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 72. South America: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 73. South America: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 74. Brazil: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 75. Brazil: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 76. Brazil: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 77. Argentina: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 78. Argentina: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 79. Argentina: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 80. Rest of South America : Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 81. Rest of South America : Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 82. Rest of South America : Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 83. Glossary of Terms, Rail Greases Market
LIST OF FIGURES
Figure 1. Rail Greases Market Segmentation
Figure 2. Rail Greases Market Segmentation, By Region
Figure 3. Global Rail Greases Market Overview
Figure 4. Lithium Grease Held Largest Share Of Product Type Segment In Rail Greases Market
Figure 5. Asia Pacific Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Global Rail Greases Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. Asia-Pacific PEST Analysis
Figure 10. MEA PEST Analysis
Figure 11. SAM PEST Analysis
Figure 12. Rail Greases Market Impact Analysis of Driver and Restraints
Figure 13. Global Rail Greases Market – Revenue Forecasts And Analysis (US$ Mn), 2017- 2027
Figure 14. Global Rail Greases Market – By Geography Forecasts And Analysis (US$ Mn), 2018- 2027
Figure 15. Market Positioning of Key Player In Global Rail Greases Market
Figure 16. Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 17. Lithium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Calcium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Other Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 21. Railway Vehicle Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Railway Track Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Switches and Fish Plates: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Curve Rails: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Screw and Bolts: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 27. Online: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Offline: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Global Rail Greases Market Revenue Share, by Region (2018 and 2027)
Figure 30. North America: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 32. North America: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 33. North America: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 34. North America: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 35. US: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 36. Canada: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 37. Mexico: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 38. Europe: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Europe: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 40. Europe: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 41. Europe: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 42. Europe: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 43. Germany: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 44. France: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 45. Italy: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 46. United Kingdom: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 47. Russia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 48. Rest of Europe: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 49. Asia-Pacific: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Asia-Pacific: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 51. Asia-Pacific: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 52. Asia-Pacific: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 53. Asia-Pacific: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 54. Australia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 55. China: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 56. India: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 57. Japan: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 58. South Korea: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 59. Rest of Asia-Pacific: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 60. Middle East and Africa: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. Middle East and Africa: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 62. Middle East and Africa: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 63. Middle East and Africa: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 64. Middle East and Africa: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 65. South Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 66. Saudi Arabia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 67. U.A.E: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 68. Rest of Middle East and Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 69. South America : Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. South America : Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 71. South America: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 72. South America: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 73. South America: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 74. Brazil: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 75. Argentina: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 76. Rest of South America : Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 77. Impact of COVID-19 Pandemic in North American Country Markets
Figure 78. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 80. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 81. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Pea Protein Market
- Royal Dutch Shell Plc (Shell)
- Exxon Mobil Corporation
- Total SA.
- BP Australia Pty Limited
- Petroliam Nasional Berhad (Petronas)
- SKF Group
- FUCHS
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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