Market Overview:
The global Lithium-based Railway Grease market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Lithium-based Railway Grease from various applications such as rail curves, rail switch plates and turnouts, bearings & wheels, and others. North America is expected to hold the largest share of the global Lithium-based Railway Grease market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth during the forecast period owing to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
Lithium-based Railway Grease is a type of grease that is used to lubricate railway equipment. It is important because it helps to reduce wear and tear on the equipment, which can lead to longer life and less downtime for repairs.
Lithium Grease:
Lithium grease is a lithium-based grease, which has gained popularity in recent years owing to its high performance and reliability. It is used as an insulating medium for the protection of moving parts in electric circuits and equipment. Lithium grease offers several advantages over conventional products such as higher thermal stability, improved lubricity & flow properties at low temperatures along with resistance to water wash & oxidation.
The product also provides superior adhesion between the base lube oil.
Calcium Crease:
Calcium crease is a lithium-based grease used in the railway industry. It is formulated by adding lithium chloride to vegetable oil and has high viscosity as compared to standard mineral oils. This product finds application in the maintenance of rolling stock, such as axles, wheels, bearings and other moving parts of trains owing to its ability to reduce friction between surfaces.
The global railway market was valued at USD 590 billion in 2016.
Application Insights:
Railway applications of lithium-based grease include rail curves, rail switch plates and turnout, bearings & wheels, and others. Rail curve application segment accounted for the largest market share in 2017 owing to its extensive use in the railway industry. It is used as a lubricant along with anti-corrosion properties at railway Curve Lubrication Shops (CLS). The product helps reduce friction resulting in increased efficiency of operations between two or more moving parts such as rails and rolling stock.
The bearing & wheel application segment is expected to witness significant growth over the forecast period due to increasing demand for electric passenger trains coupled with rising utilization of steel wheels on account of high durability offered by them. Lithium grease is widely utilized in various types of bearings including journal bearing, thrust ball bearing, roller thrust washer bearin ¢â‚¬Å“ without seal ¢â‚¬ type seals etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key lithium-based railway grease manufacturers in countries, such as China, India, Japan and South Korea has resulted in high production capacity. Furthermore, increasing investments by governments for expanding rail infrastructure are projected to drive demand for lithium-based railway greases over the coming years. For instance, according to a 2015 white paper on China's Railway Development published by Ministry of Railways (MOR), it was estimated that around USD X trillion would be spent on expanding railways network across China from 2016 to 2020s.
In North America market revenue was valued at USD X million while consumption volume stood at 590 kilo tons in 2017 owing to growing usage of lithium batteries across various applications including EVs.
Growth Factors:
- Increasing demand for Lithium-based Railway Grease from the transportation sector as it offers superior performance over conventional mineral oils and other synthetic lubricants.
- Growing awareness about the benefits of using Lithium-based Railway Grease in various industrial applications is expected to boost market growth.
- Rising investments in railway infrastructure by governments across the globe is anticipated to create new opportunities for the Lithium-based Railway Grease market during the forecast period.
- The increasing adoption of lithium grease in locomotives, wagons, and coaches is projected to propel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-based Railway Grease Market Research Report
By Type
Lithium Grease, Calcium Crease, Other Grease
By Application
Rail Curves, Rail Switch Plates and Turnouts, Bearings & Wheels, Others
By Companies
Shell, Exxon Mobil, BP, Chevron, Total, SKF, CITGO, Fuchs, Petro-Canada, Timken, Kyodo Yushi, Lukoil, Plews/Edelmann, Klueber, Sinopec, CNPC, CRM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-based Railway Grease Market Report Segments:
The global Lithium-based Railway Grease market is segmented on the basis of:
Types
Lithium Grease, Calcium Crease, Other Grease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rail Curves, Rail Switch Plates and Turnouts, Bearings & Wheels, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Exxon Mobil
- BP
- Chevron
- Total
- SKF
- CITGO
- Fuchs
- Petro-Canada
- Timken
- Kyodo Yushi
- Lukoil
- Plews/Edelmann
- Klueber
- Sinopec
- CNPC
- CRM
Highlights of The Lithium-based Railway Grease Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Grease
- Calcium Crease
- Other Grease
- By Application:
- Rail Curves
- Rail Switch Plates and Turnouts
- Bearings & Wheels
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium-based Railway Grease Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithium-based railway grease is a lubricant that is used to keep railway tracks and other metal surfaces moving smoothly. It is also used in some industrial applications, such as manufacturing and construction.
Some of the key players operating in the lithium-based railway grease market are Shell, Exxon Mobil, BP, Chevron, Total, SKF, CITGO, Fuchs, Petro-Canada, Timken, Kyodo Yushi, Lukoil, Plews/Edelmann, Klueber, Sinopec, CNPC, CRM.
The lithium-based railway grease market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium-based Railway Grease Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium-based Railway Grease Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium-based Railway Grease Market - Supply Chain
4.5. Global Lithium-based Railway Grease Market Forecast
4.5.1. Lithium-based Railway Grease Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium-based Railway Grease Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium-based Railway Grease Market Absolute $ Opportunity
5. Global Lithium-based Railway Grease Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium-based Railway Grease Market Size and Volume Forecast by Type
5.3.1. Lithium Grease
5.3.2. Calcium Crease
5.3.3. Other Grease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium-based Railway Grease Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium-based Railway Grease Market Size and Volume Forecast by Application
6.3.1. Rail Curves
6.3.2. Rail Switch Plates and Turnouts
6.3.3. Bearings & Wheels
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium-based Railway Grease Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium-based Railway Grease Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium-based Railway Grease Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium-based Railway Grease Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium-based Railway Grease Demand Share Forecast, 2019-2026
9. North America Lithium-based Railway Grease Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium-based Railway Grease Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium-based Railway Grease Market Size and Volume Forecast by Application
9.4.1. Rail Curves
9.4.2. Rail Switch Plates and Turnouts
9.4.3. Bearings & Wheels
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium-based Railway Grease Market Size and Volume Forecast by Type
9.7.1. Lithium Grease
9.7.2. Calcium Crease
9.7.3. Other Grease
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium-based Railway Grease Demand Share Forecast, 2019-2026
10. Latin America Lithium-based Railway Grease Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium-based Railway Grease Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium-based Railway Grease Market Size and Volume Forecast by Application
10.4.1. Rail Curves
10.4.2. Rail Switch Plates and Turnouts
10.4.3. Bearings & Wheels
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium-based Railway Grease Market Size and Volume Forecast by Type
10.7.1. Lithium Grease
10.7.2. Calcium Crease
10.7.3. Other Grease
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium-based Railway Grease Demand Share Forecast, 2019-2026
11. Europe Lithium-based Railway Grease Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium-based Railway Grease Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium-based Railway Grease Market Size and Volume Forecast by Application
11.4.1. Rail Curves
11.4.2. Rail Switch Plates and Turnouts
11.4.3. Bearings & Wheels
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium-based Railway Grease Market Size and Volume Forecast by Type
11.7.1. Lthium Grease
11.7.2. Calcium Crease
11.7.3. Other Grease
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium-based Railway Grease Demand Share, 2019-2026
12. Asia Pacific Lithium-based Railway Grease Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium-based Railway Grease Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium-based Railway Grease Market Size and Volume Forecast by Application
12.4.1. Rail Curves
12.4.2. Rail Switch Plates and Turnouts
12.4.3. Bearings & Wheels
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium-based Railway Grease Market Size and Volume Forecast by Type
12.7.1. Lithium Grease
12.7.2. Calcium Crease
12.7.3. Other Grease
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium-based Railway Grease Demand Share, 2019-2026
13. Middle East & Africa Lithium-based Railway Grease Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium-based Railway Grease Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium-based Railway Grease Market Size and Volume Forecast by Application
13.4.1. Rail Curves
13.4.2. Rail Switch Plates and Turnouts
13.4.3. Bearings & Wheels
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium-based Railway Grease Market Size and Volume Forecast by Type
13.7.1. Lithium Grease
13.7.2. Calcium Crease
13.7.3. Other Grease
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium-based Railway Grease Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium-based Railway Grease Market: Market Share Analysis
14.2. Lithium-based Railway Grease Distributors and Customers
14.3. Lithium-based Railway Grease Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SKF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CITGO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fuchs
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Petro-Canada
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Timken
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kyodo Yushi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lukoil
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Plews/Edelmann
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Klueber
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sinopec
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CNPC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CRM
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
