Middle East and Africa 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
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.
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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
- To understand the MEA 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 MEA rail greases market
- Efficiently plan M&A and partnership deals in MEA rail greases market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA rail greases market
- Obtain market revenue forecast for market by various segments from 2019-2027 in MEA region
MEA RAIL GREASES MARKET SEGMENTATION
- Lithium Grease
- Calcium Grease
- Other Grease
- Railway Vehicle Elements
- Railway Track Elements
- Switches and Fish Plates
- Curve Rails
- Screw and Bolts
- Offline
- Online
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Company Profiles
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Petroliam Nasional Berhad (Petronas)
- FUCHS
- SKF Group
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 MEA Market Segmentation
1.3.1 MEA Rail Greases Market – By Product Type
1.3.2 MEA Rail Greases Market – By Application
1.3.3 MEA rail greases Market – By Distribution Channel
1.3.4 MEA rail greases Market – By Country
2. MEA 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. MEA Rail Greases– Market Landscape
4.1 Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. MEA Rail Greases – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Use Of Rail Greases In Maintenance Activities Of Different Railway Parts
5.1.2 Leveraging Online Distribution Channels To Increase Customer Reach
5.2 Key Market Restraints
5.2.1 Stringent Regulations For The Production And Usage Of Lubricating Oils
5.3 Key Market Opportunities
5.3.1 Growing Demand For Biodegradable Rail Greases
5.4 Future Trends
5.4.1 The Introduction Of New Technologies Such As AI, Big Data And Cloud Computing In The Conventional Railway Networks
5.5 Impact Analysis
6. Rail Greases Market – MEA Analysis
6.1 MEA: Rail Greases Market –Revenue, and Forecast to 2027 (US$ Million)
6.2 MEA rail greases Market, By Country - Forecasts And Analysis
6.3 Market Positioning of Key Players
7. MEA Rail Greases Market Analysis – By Product Type
7.1 Overview
7.2 MEA: 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. MEA Rail Greases Market Analysis – By Application
8.1 Overview
8.2 MEA: Rail Greases Market, by Application
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. MEA Rail Greases Market Analysis – By Distribution Channel
9.1 Overview
9.2 MEA: Rail Greases Market, by Distribution Channel
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. MEA Rail Greases Market – Country Analysis
10.1 MEA: Rail Greases Market, by Key Country
10.1.1.1 South Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: Rail Greases Market, by Product Type
10.1.1.1.2 South Africa: Rail Greases Market, by Application
10.1.1.1.3 South Africa: Rail Greases Market, by Distribution Channel
10.1.1.2 Saudi Arabia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: Rail Greases Market, by Product Type
10.1.1.2.2 Saudi Arabia: Rail Greases Market, by Application
10.1.1.2.3 Saudi Arabia: Rail Greases Market, by Distribution Channel
10.1.1.3 UAE: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 UAE: Rail Greases Market, by Product Type
10.1.1.3.2 UAE: Rail Greases Market, by Application
10.1.1.3.3 UAE: Rail Greases Market, by Distribution Channel
10.1.1.4 Rest of MEA: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: Rail Greases Market, by Product Type
10.1.1.4.2 Rest of MEA: Rail Greases Market, by Application
10.1.1.4.3 Rest of MEA: Rail Greases Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on MEA Rail Grease Market
11.1 MEA : 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 Total SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 SWOT Analysis
13.4 Petroliam Nasional Berhad (Petronas)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 SWOT Analysis
13.5 FUCHS
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 SKF Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 SWOT Analysis
13.7 Chevron Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.8 Klüber Lubrication
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 Sinopec Corp.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Rail Greases Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. MEA: Rail Greases Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. MEA: Rail Greases Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. MEA: Rail Greases Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. South Africa: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. South Africa: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. South Africa: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 8. Saudi Arabia: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Saudi Arabia: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Saudi Arabia: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 11. UAE: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. UAE: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. UAE: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of MEA: Rail Greases Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. Rest of MEA: Rail Greases Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of MEA: Rail Greases Market, by Distribution Channel –Revenue and Forecast to 2027 (US$ Million)
Table 17. Glossary of Terms, Rail Greases Market
LIST OF FIGURES
Figure 1. MEA Rail Greases Market Segmentation
Figure 2. MEA Rail Greases Market Segmentation, By Country
Figure 3. MEA Rail Greases Market Overview
Figure 4. Lithium Grease Held Largest Share Of Product Type Segment In MEA Rail Greases Market
Figure 5. South Africa Country Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Rail Greases Market, Industry Landscape
Figure 7. MEA PEST Analysis
Figure 8. MEA Rail Greases Market Impact Analysis of Driver and Restraints
Figure 9. MEA: Rail Greases Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Market Positioning of Key Players In Rail Greases Market
Figure 11. MEA: Rail Greases Market Revenue Share, by Product Type (2018 and 2027)
Figure 12. MEA Lithium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. MEA Calcium Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. MEA Other Grease: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. MEA: Rail Greases Market Revenue Share, by Application (2018 and 2027)
Figure 16. MEA Railway Vehicle Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. MEA Railway Track Elements: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. MEA Switches and Fish Plates: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. MEA Curve Rails: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. MEA Screw and Bolts: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. MEA: Rail Greases Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 22. MEA Online: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. MEA Offline: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. MEA: Rail Greases Market Revenue Share, by Key Country (2018 and 2027)
Figure 25. South Africa: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Saudi Arabia: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. UAE: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Rest of MEA: Rail Greases Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in MEA Country Markets
The List of Companies - Middle East and Africa Rail Greases Market
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Petroliam Nasional Berhad (Petronas)
- FUCHS
- SKF Group
- Chevron Corporation
- Klüber Lubrication
- Sinopec Corp.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA rail greases market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth MEA 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.