MEA 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: 94
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 South Africa, Saudi Arabia, UAE and Rest of MEA coupled with the maintenance activities of different parts used in railway transportation.
Market Overview and Dynamics
The rail greases market in MEA is expected to reach US$ 39.93 million by 2027 from US$ 34.11 million in 2018 and is expected to grow at a CAGR of 1.9% from 2019 to 2027. Growing demand for biodegradable rail greases is the key factor driving the MEA rail greases market. Using grease in the railways and trains reduces surface damage and subsurface deformation of rail curves. Most of these greases consist of petroleum hydrocarbons. After the operation, these lubricants fall on the railroad tracks and pollute the environment. These greases do not decompose in natural conditions and damage ecosystems associated with the rail. Thus, to improve the ecological compatibility of works and equipment, new biodegradable, eco-friendly lubricants are developed by the key players operating in the market. These biodegradable greases are high performing and their additives are either synthetic ester or vegetable oil based. It degrades sooner compared to its mineral oil-based alternatives and do not release environmentally harmful residues after use. Companies operating in the rail greases market are focusing on development of such products through its constant research and development activities. For instance, in March 2018, a rail grease company introduced biodegradable rail flank lubricating grease for stationary systems. Moreover, the manufacturers of these greases comply with environmental regulations. Thus, the demand for biodegradable greases is projected to boost over the forecast period due to increasing concern towards the environment worldwide.
Moreover,COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemical and material industry are one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. All these factors have greatly affected the rail grease market. Saudi Arabia has the largest COVID-19 cases in the MEA region, and is followed by South Africa and UAE, among others. UAE was the first country in MEA to report a confirmed case of coronavirus.
Key Market Segments
In terms of product type, the lithium grease segment accounted for the largest share of the MEA 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 MEA 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 MEA 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,Total SA, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, Klüber Lubrication and Sinopec Corp. among others.
Reasons to buy report
MEA RAIL GREASES MARKET SEGMENTATION
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 34.11 Million |
| Market Size by 2027 | US$ 39.93 Million |
| CAGR (2019 - 2027) | 1.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Rail Greases Market is valued at US$ 34.11 Million in 2018, it is projected to reach US$ 39.93 Million by 2027.
As per our report Middle East and Africa Rail Greases Market, the market size is valued at US$ 34.11 Million in 2018, projecting it to reach US$ 39.93 Million by 2027. This translates to a CAGR of approximately 1.9% during the forecast period.
The Middle East and Africa Rail Greases Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Rail Greases Market report:
The Middle East and Africa Rail Greases Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Rail Greases Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Rail Greases Market value chain can benefit from the information contained in a comprehensive market report.
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