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South America Rail Greases Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Application, and Distribution Channel

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    Report

  • 89 Pages
  • September 2020
  • The Insight Partners
  • ID: 5180769
The rail greases market in SAM is expected to reach US$ 31.52 million by 2027 from US$ 27.53 million in 2018 and is expected to grow at a CAGR of 1.6% from 2019 to 2027.

Railway vehicle elements such as axles and wheels, bearings and 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 reduced labor costs, extended repair intervals, and reduced lubricant consumption. Moreover, using greases for railway vehicle elements offers equipment reliability, reduced unplanned downtime, reduced energy and fuel consumption, and improved equipment profitability. Additionally, greases can help 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. 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 applied on 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. These facts are expected to drive the market growth during the forecast period. The increasing e-commerce industry to increase customer reach is among the other factors expected to positively influence the growth of the rail greases market.

Based on product type, the SAM rail greases market is segmented into lithium grease, calcium grease, and other grease. The lithium grease segment dominated the SAM rail greases and is expected to grow at the fastest growth rate during the forecast period. Lithium grease is multi-purpose grease with a buttery texture and has a 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.

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 facing 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. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. The government of SAM has taken an array of actions to protect their citizens and contain the spread of COVID-19. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.

The overall SAM rail greases market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the SAM rail greases market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM rail greases market. Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, and Klüber Lubrication and Sinopec Corp. are among a few players operating in the SAM rail greases market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 SAM Market Segmentation
1.3.1 SAM Rail Greases Market - By Product Type
1.3.2 SAM Rail Greases Market - By Application
1.3.3 SAM Rail Greases Market - By Distribution Channel
1.3.4 SAM Rail Greases Market - By Country
2. SAM 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. SAM Rail Greases- Market Landscape
4.1 Overview
4.2 SAM PEST Analysis
4.3 Expert Opinion
5. SAM Rail Greases - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Various Benefits And Uses Of Rail Greases For Railway Components
5.1.2 Increasing E-Commerce Industry To Increase Customer Reach
5.2 Key Market Restraints
5.2.1 Stringent Rules and Regulations For The Production And Uses Of Greases By Governments
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Biodegradable Rail Greases
5.4 Future Trends
5.4.1 The Introduction of New Technologies such As Digitization in The Conventional Railway Networks
5.5 Impact Analysis
6. Rail Greases Market - SAM Analysis
6.1 SAM: Rail Greases Market -Revenue, and Forecast to 2027 (US$ Mn)
6.2 SAM rail greases Market, By Country - Forecasts And Analysis
6.3 Market Positioning of Key Players
7. SAM Rail Greases Market Analysis - By Product Type
7.1 Overview
7.2 SAM: 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$ Mn)
7.4 Calcium Grease
7.4.1 Overview
7.4.1.1 Calcium Grease: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
7.5 Other Grease
7.5.1 Overview
7.5.1.1 Other Grease: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
8. SAM Rail Greases Market Analysis - By Application
8.1 Overview
8.2 SAM: 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$ Mn)
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$ Mn)
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$ Mn)
8.6 Curve Rails
8.6.1 Overview
8.6.1.1 Curve Rails: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
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$ Mn)
9. SAM Rail Greases Market Analysis - By Distribution Channel
9.1 Overview
9.2 SAM: Rail Greases Market, by Product Type Distribution Channel
9.3 Online
9.3.1 Overview
9.3.1.1 Online: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
9.4 Offline
9.4.1 Overview
9.4.1.1 Offline: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
10. SAM Rail Greases Market - Country Analysis
10.1 Overview
10.1.1 SAM: Rail Greases Market, by Key Country
10.1.1.1 Brazil: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
10.1.1.1.1 Brazil: Rail Greases Market, by Product Type
10.1.1.1.2 Brazil: Rail Greases Market, by Application
10.1.1.1.3 Brazil: Rail Greases Market, by Distribution Channel
10.1.1.2 Argentina: Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
10.1.1.2.1 Argentina: Rail Greases Market, by Product Type
10.1.1.2.2 Argentina: Rail Greases Market, by Application
10.1.1.2.3 Argentina: Rail Greases Market, by Distribution Channel
10.1.1.3 Rest of SAM : Rail Greases Market - Revenue, and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Rest of SAM : Rail Greases Market, by Product Type
10.1.1.3.2 Rest of SAM : Rail Greases Market, by Application
10.1.1.3.3 Rest of SAM : Rail Greases Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on SAM Rail Grease Market
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
13.2.1 Business Description
13.2.2 Products and Services
13.2.3 Financial Overview
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 Financial Overview
13.3.5 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 Financial Overview
13.4.5 SWOT Analysis
13.5 FUCHS
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
13.5.6 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 Financial Overview
13.6.5 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 Financial Overview
13.7.5 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 Financial Overview
13.8.5 SWOT Analysis
13.8.6 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 Financial Overview
13.9.5 SWOT Analysis
14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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