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Asia Pacific Rail Greases Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Lithium Grease, Calcium Grease, and Other Grease), Application (Railway Vehicle Elements, Railway Track Elements, Switches and Fish Plates, Curve Rails, and Screw and Bolts), and Distribution Channel (Offline and Online)

Code: TIPRE00014193 | Pages: 110 | Industry: Chemicals and Materials | Date: Sep 2020
Covid

APAC Rail Greases Market Forecast to 2027 – COVID-19 Impact and Analysis – by Product Type (Lithium Grease, Calcium Grease, and Other Grease), Application (Railway Vehicle Elements, Railway Track Elements, Switches and Fish Plates, Curve Rails, and Screw and Bolts), and Distribution Channel (Offline and Online)

Number of Pages: 110

Market Introduction

Grease is a solid or semi-solid lubricating oil. It is usually comprised of 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 features such as high initial viscosity, which make it frictional. It is popularly used across various industries such as automobile, railway, construction, pharmaceutical, food & beverage, mining, and numerous others. For rails, greases can be used in mechanisms where lubrication is frequently required, and lubricating oil does not stay for long. Grease acts as a sealant to avert ingress of water and incompressible materials.  Soft grease is used in gearboxes, noise reduction, leakage resistance, and suspension of solid additives. Greased components consume a small amount of power and are an even less vulnerable impact to any wear tear damage. The demand of greases in the railway industry is growing due to the development of new railway infrastructure across significant countries such as the China, India and Rest of APAC coupled with the maintenance activities of different parts used in railway transportation.

 

Market Overview and Dynamics

The rail greases market in APAC is expected to reach US$ 176.93 million by 2027 from US$ 139.70 million in 2018 and is expected to grow at a CAGR of 2.8% from 2019 to 2027. Regular maintenance activities of different parts used in railway transportation is the key factor driving the APAC rail greases market. 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 axlebox bearings as lubrication failures of 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. 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.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the APAC region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of APAC is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.

Key Market Segments

In terms of product type, the lithium grease segment accounted for the largest share of the APAC   rail greases market in 2018. In terms of application, the railway vehicle elements segment held a larger market share of the rail greases market in 2018. Further, the offline segment held a larger share of the market based on distribution channel in 2018. The offline segment dominated the APAC Rail Greases market whereas the online segment is expected to grow at fastest growth rate during the forecast period of 2019-2027.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the rail greases market in APAC   are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Royal Dutch Shell Plc, Exxon Mobil Corporation, BP Australia Pty Limited ,Total SA, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, Klüber Lubrication and Sinopec Corp. among others.

Reasons to buy report

  • Understand the APAC rail greases market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC   rail greases market
  • Efficiently plan M&A and partnership deals in APAC rail greases market by identifying market segments with the most promising probable sales
  • Take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC rail greases market
  • Obtain market revenue forecast for market by various segments from 2019-2027 in APAC   region

APAC RAIL GREASES MARKET SEGMENTATION

By Product Type

  • Lithium Grease
  • Calcium Grease
  • Other Grease

By Application

  • Railway Vehicle Elements
  • Railway Track Elements
  • Switches and Fish Plates
  • Curve Rails
  • Screw and Bolts

By Distribution Channel

  • Offline
  • Online

 

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

 

 

Company Profiles

  • Royal Dutch Shell Plc
  • Exxon Mobil Corporation
  • BP Australia Pty Limited
  • Total SA
  • Petroliam Nasional Berhad (Petronas)
  • FUCHS
  • SKF Group
  • Chevron Corporation
  • Klüber Lubrication
  • Sinopec Corp.

TABLE OF CONTENTS

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       APAC Market Segmentation

1.3.1        APAC Rail Greases Market – By Product Type

1.3.2        APAC Rail Greases Market – By Application

1.3.3        APAC Rail Greases Market – By Distribution Channel

1.3.4        APAC Rail Greases Market – By Country

2.             APAC 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.             APAC Rail Greases– Market Landscape

4.1       Overview

4.2       APAC PEST Analysis

4.3       Expert Opinion

5.             APAC Rail Greases – Key Market Dynamics

5.1       Key Market Drivers

5.1.1        Requirement Of Rail Greases For Maintenance Activities And High Performance Of Different Parts

5.1.2        More Focus On  E-Commerce Industry To Increase Customer Reach

5.2       Key Market Restraints

5.2.1        Stricter Environmental and Continuous Reforms By Governments

5.3       Key Market Opportunities

5.3.1        Increasing Demand for Biodegradable Rail Greases

5.4       Future Trends

5.4.1        Adoption Of New Technologies Such As Digitization In The Conventional Railway Networks

5.5       Impact Analysis

6.             Rail Greases Market – APAC Analysis

6.1       APAC Rail Greases Market Revenue Forecasts And Analysis

6.2       APAC rail greases Market, By Country - Forecasts And Analysis

6.3       Market Positioning of Key Players

7.             APAC Rail Greases Market Analysis – By Product Type

7.1       Overview

7.2       APAC: Rail Greases Market, by Product Type

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.             APAC Rail Greases Market Analysis – By Application

8.1       Overview

8.2       APAC 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.             APAC Rail Greases Market Analysis – By Distribution Channel

9.1       Overview

9.2       APAC 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.          APAC Rail Greases Market – Country Analysis

10.1    Overview

10.1.1     APAC : Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)

10.1.2  APAC : Rail Greases Market, by Key Country

10.1.1.1    Australia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.1.1    Australia: Rail Greases Market, by Product Type

10.1.1.1.2    Australia: Rail Greases Market, by Application

10.1.1.1.3    Australia: Rail Greases Market, by Distribution Channel

10.1.1.2    China: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.2.1    China: Rail Greases Market, by Product Type

10.1.1.2.2    China: Rail Greases Market, by Application

10.1.1.2.3    China: Rail Greases Market, by Distribution Channel

10.1.1.3    India: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.3.1    India: Rail Greases Market, by Product Type

10.1.1.3.2    India: Rail Greases Market, by Application

10.1.1.3.3    India: Rail Greases Market, by Distribution Channel

10.1.1.4    Japan: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.4.1    Japan: Rail Greases Market, by Product Type

10.1.1.4.2    Japan: Rail Greases Market, by Application

10.1.1.4.3    Japan: Rail Greases Market, by Distribution Channel

10.1.1.5    South Korea: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.5.1    South Korea: Rail Greases Market, by Product Type

10.1.1.5.2    South Korea: Rail Greases Market, by Application

10.1.1.5.3    South Korea: Rail Greases Market, by Distribution Channel

10.1.1.6    Rest of APAC: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.6.1    Rest of APAC: Rail Greases Market, by Product Type

10.1.1.6.2    Rest of APAC: Rail Greases Market, by Application

10.1.1.6.3    Rest of APAC: Rail Greases Market, by Distribution Channel

11.          Impact of COVID-19 Pandemic on APAC Rail Grease Market

11.1    APAC: 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     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     SWOT Analysis

13.3    BP Australia Pty Limited

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    Total SA

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     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     SWOT Analysis

13.6    FUCHS

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     SWOT Analysis

13.6.5     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     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     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     SWOT Analysis

13.9.5     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   SWOT Analysis

14.          Appendix

14.1    About The Insight Partners

14.2    Glossary of Terms


LIST OF TABLES

Table 1.             APAC Rail Greases market Revenue And Forecasts To 2027 (US$ Mn)

Table 2.             APAC: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             APAC: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             APAC : Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Australia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Australia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Australia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)

Table 8.             China: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             China: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10.          China: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)

Table 11.          India: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 12.          India: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          India: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Japan: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 15.          Japan: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 16.          Japan: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)

Table 17.          South Korea: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 18.          South Korea: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 19.          South Korea: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)

Table 20.          Rest of APAC: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 21.          Rest of APAC: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of APAC: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027  (US$ Million)

Table 23.          Glossary of Terms, APAC Rail Greases Market

 


LIST OF FIGURES

Figure 1.           APAC Rail Greases Market Segmentation

Figure 2.           APAC Rail Greases Market Segmentation, By Country

Figure 3.           APAC Rail Greases Market Overview

Figure 4.           Lithium Grease Held Largest Share Of Product Type Segment In APAC Rail Greases Market

Figure 5.           China and India are Expected to Show Remarkable Growth During the Forecast Period

Figure 6.           Rail Greases Market, Industry Landscape

Figure 7.           APAC PEST Analysis

Figure 8.           APAC Rail Greases Market Impact Analysis of Driver and Restraints

Figure 9.           APAC: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)

Figure 10.        Market Positioning of Key Players In Rail Greases Market

Figure 11.        APAC: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)

Figure 12.        APAC Lithium Grease: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 13.        APAC Calcium Grease: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        APAC Other Grease: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        APAC: Rail Greases Market Revenue Share, by Application (2018 and 2027)

Figure 16.        APAC Railway Vehicle Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        APAC Railway Track Elements: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        APAC Switches and Fish Plates: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        APAC Curve Rails: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        APAC Screw and Bolts: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        APAC : Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)

Figure 22.        APAC Online: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        APAC Offline: Rail Greases market – Revenue, and Forecast to 2027 (US$ Million)

Figure 24.        APAC : Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC : Rail Greases Market Revenue Share, by Key Country (2018 and 2027)

Figure 26.        Australia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        China: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 28.        India: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 29.        Japan: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 30.        South Korea: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 31.        Rest of APAC: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic in APAC Country Markets

 

The List of companies - APAC Rail Greases Market
  1. Royal Dutch Shell Plc
  2. Exxon Mobil Corporation
  3. BP Australia Pty Limited
  4. Total SA
  5. Petroliam Nasional Berhad (Petronas)
  6. FUCHS
  7. SKF Group
  8. Chevron Corporation
  9. Klüber Lubrication
  10. Sinopec Corp.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Rail Greases Market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC rail greases market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the rail greases market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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