Rail Lubricants Market Scope
Rail and wheel wear can be reduced intensely by proper lubrication. The lubrication can help in saving energy and reducing noise and the rail-wheel lubrication can be applied automatically or manually. Special lubricants for trains show that apparently small details can have sizeable effects on reliability, maintenance costs and hence also on cost efficiency over the whole life cycle. Rail lubrication still offers an incredible array of advantages for operators seeking smooth and reliable rail operations. Rail lubrication is to minimize friction between the wheel flange and rail interface, specially in the curves where side cutting of rails often occurs. If severe curbs are left unlubricated, the rail will need to be swap long before it carries the projected capacity of traffic it was originally designed for. The predictable application of rail lubrication, however, will increase the life expectation of these rails. According to the Association of American Railroads, rail operators spend around USD 8.9 billion annually to maintain United States railroads.
The Rail Lubricants market study is segmented by Type (Synthetic and Bio-based), by Application (Railway Vehicle Elements (Gears & Bearings, Wheel & Axles, Couplings & Buffers, Brake Elements, Door Components, Air Compressors, Others), Railway Track Elements (Switch Plates & Fishplates, Curve Rails, Screws & Bolts) and Locomotive Lubrication) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Rail Lubricants market throughout the predicted period.
Royal Dutch Shell PLC (Netherlands), Exxon Mobil Corporation (United States), Total S.A. (France), BP (United Kingdom), Petroliam Nasional Berhad (PETRONAS) (Malaysis), SKF (Sweden), FUCHS (Germany), Chevron Corporation (United States), China Petroleum & Chemical Corporation (China), L.B. Foster Company (United States), Momar, Inc. (United States), Klüber Lubrication (Germany), CONDAT Group (France) and CITGO Petroleum Corporation (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Rail Lubricants market by Type, Application and Region.
On the basis of geography, the market of Rail Lubricants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 21st January 2019, Momar, Inc. completed the acquisition of Specialty Products, Inc., a cleaning supplies and industrial maintenance company, to complement its business structure and product portfolio. and In 2019, Petroliam Nasional Berhad (PETRONAS) introduced a new range of PETRONAS Syntium with CoolTech to the Brazil market, bringing the latest ‘track-to-road technology’ in the most advanced engine lubricants to-date.
- Requirement of Regular Maintenance of Railway Tracks
- Rapid Development Of New Categories For Rail Lubricants
- Increasing Demand For Antifreeze Rail Lubricants in Colder Countries
- Automation and Digitalization to Boost Demand for Rail Lubricants in Coming Years
- Favorable Government Policies
- Use of Electric Motors in High-Speed Trains Reduces Demand for Lubricants
- Technological Advancements in Batteries
Key Target AudienceManufacturers of Rail Lubricants, Suppliers of Rail Lubricants, Wholesalers, Distributors and Retailers of Rail Lubricants, Railway Industry, Governmental Bodies and Others
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Rail Lubricants Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.