South America Rail Greases Market to Reach US$ 31.52 Million at a CAGR of 1.6% by 2027 | The Insight Partners

Railway Vehicle Elements Segment to Dominate SAM Rail Greases Market during 2019–2027

According to The Insight Partners market research study on “SAM 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),” 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. The report provides trends prevailing in the SAM rail greases market along with the drivers and restraints pertaining to the market growth.

Grease is solid or semi-solid lubricating oil. It usually comprises 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 feature such as high initial viscosity, which make it frictional. For rails, greases can be used in mechanisms where lubrication is required frequently and where lubricating oil does not stay for long. Greases act as a sealant to avert ingress of water and incompressible materials. Grease is also being used for maintenance of various rail elements such as railway axles & wheels, bearings & chains, brake elements, interior components, pantographs and railway track components, as it prevents entry of contaminants or loss of lubricant. Use of rail greases in maintenance activities of different railway parts is the major factor driving the growth of the SAM rail greases market. SAM is a developing region with the presence of several emerging economies. Countries such as Brazil, Chile, Argentina, Colombia, and Peru are witnessing high growth in their industrial and manufacturing sectors. With the rise in the economy and per capita income of people, there is a shift in the transportation pattern of consumers. Thus, the demand for rail grease is increasing due to growing consumers preference to rail transport in SAM.   However, stringent rules and regulations for the production and uses of greases by governments hinder the growth of SAM rail greases market.

The SAM rail greases market is segmented into product type, application, distribution channel, and country. Based on product type, the market is segmented into lithium grease, calcium grease and other grease and The lithium grease segment dominated the SAM rail greases and is expected to grow at fastest growth rate during the forecast period of 2019-2027. In terms of application the rail greases market is divided into railway vehicle elements, railway track elements, switches and fish plates, curve rails, screw and bolts. The railway vehicle elements segment dominated the SAM rail greases market whereas the curve rails segment is expected to grow at fastest growth rate during the forecast period based on the application. On the basis of distribution channel the market is segmented into offline and online. The offline segment accounted for the largest market share in the SAM rail greases market during 2019–2027 whereas the online segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Companies operating in the rail grease market have optimized their distribution strategy over the past few years. To target and reach a large number of customers in the market, the companies are adopting online distributing channels along with their traditional offline distribution channels in response to the emerging influence of digitalization on the business environment. Online distribution channels help companies to easily reach the target consumers without adding additional costs and expenses.

COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. 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 United States, 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.

Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Petroliam Nasional Berhad (Petronas), FUCHS, SKF Group, Chevron Corporation, Klüber Lubrication and Sinopec Corp. are among the leading companies in the SAM rail greases market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Klüber Lubrication launched new specialty lubricants for the rail industry such as BARRIERTA L 25 DL DISPERS, Klüberrail ALE 92-2000, and Klübersynth BHP 72-102 The new BARRIERTA L 25 DL DISPERS was specially developed for lubricating seals and washers on train doors. Likewise, the new Klüberrail ALE 92-2000 has been specially optimized for countries with high temperatures and for strong vibrations. This eco-friendly synthetic fluid grease is effective in reducing curve squeals and wear between the wheel and rails.

SAM Rail Greases Market, By Country, 2018 and 2027 (%)

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South America Rail Greases Market to Grow at a CAGR of 1.6% to reach US$ 31.52 Million from 2020 to 2027

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South America 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)

The report segments the SAM rail greases market as follows:

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

• Brazil
• Argentina
• Rest of SAM