Middle East and Africa Rail Greases Market
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.
Strategic insights for the Middle East and Africa Rail Greases provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 34.11 Million |
| Market Size by 2027 | US$ 39.93 Million |
| Global 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 geographic scope of the Middle East and Africa Rail Greases refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
The List of Companies - Middle East and Africa Rail Greases Market
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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