Global Rail Greases Market Outlook 2020-2027 and COVID-19 Impact Assessment - Surging Demand for Biodegradable Rail Greases, e-Commerce to Increase Customer Reach - ResearchAndMarkets.com

The "Rail Greases Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type, Application; Distribution Channel, and Geography" report has been added to ResearchAndMarkets.com's offering.

Regular maintenance activities of different parts used in railway transportation to escalate rail greases market at 2.4% CAGR during 2019-2027.

According to the study, the 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. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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 axlebox bearings as lubrication failures in axle box bearings can lead to accidents, such as hot axle cutting and bearing burnout.

Apart from this, 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.

Royal Dutch Shell plc (Shell), Exxon Mobil Corporation, Total SA., BP Australia Pty Limited, Petroliam Nasional Berhad (Petronas), SKF Group, FUCHS, Chevron Corporation, Kluber Lubrication and Sinopec Corp. are among the well-established players in the global rail greases market.

Impact of COVID-19 Pandemic on Rail Greases Market

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.

Key Topics Covered

1. Introduction

1.1 Scope of the Study

1.2 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

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

7.4 Calcium Grease

7.5 Other Grease

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

8.4 Railway Track Elements

8.5 Switches and Fish Plates

8.6 Curve Rails

8.7 Screw and Bolts

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

9.4 Offline

10. Rail Greases Market - Geographic Analysis

10.1 Overview

10.2 North America: Rail Greases Market

10.3 Europe: Rail Greases Market

10.4 Asia-Pacific: Rail Greases Market

10.5 Middle East and Africa: Rail Greases Market

10.6 South America: Rail Greases Market

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

13.2 ExxonMobil Corporation

13.3 Total SA

13.4 BP Australia Pty Limited

13.5 Petroliam Nasional Berhad (Petronas)

13.6 FUCHS

13.7 SKF Group

13.8 Chevron Corporation

13.9 Kluber Lubrication

13.10 Sinopec Corp.

For more information about this report visit https://www.researchandmarkets.com/r/a06sy4

View source version on businesswire.com: https://www.businesswire.com/news/home/20200827005343/en/