Global Mining Lubricants Industry Report 2023-2030 - Need for Continuous Maintenance of Mining Equipment Driving Growth


Dublin, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The "Mining Lubricants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Mining Lubricants Market to Reach $3.3 Billion by 2030

The global market for Mining Lubricants estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$3.3 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

The analysis is divided into different categories, including Mineral Oil & Bio-based Lubricants, Synthetic Lubricants, Surface Mining, Underground Mining, Engine, Hydraulic, Transmission, Gear, Coal Mining, Iron Ore Mining, Bauxite Mining, and Other End-Uses.

Mineral Oil & Bio-based Lubricants, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Synthetic Lubricants segment is estimated at 3.8% CAGR for the next 8-year period.

The dataset offers both recent and historic data, along with a 16-year perspective (2014, 2023, and 2030), allowing stakeholders to gain insights into market trends and the percentage breakdown of sales values for various regions and end-uses within the mining lubricants market. It is a valuable resource for those interested in understanding the dynamics and opportunities in the mining lubricants industry.

The U.S. Market is Estimated at $413.7 Million, While China is Forecast to Grow at 6.8% CAGR

This report provides a comprehensive analysis of the global Mining Lubricants market for the years 2014 through 2030. It includes annual sales data in US$ Thousand and percentage CAGR for Mining Lubricants across various geographic regions, such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

The Mining Lubricants market in the U.S. is estimated at US$413.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$985.5 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • A Prelude to Mining Lubricants
  • Type of Mining Lubricants
  • Mineral Oil & Bio-based Lubricants
  • Synthetic Lubricants
  • Mining Techniques
  • Lubricant Usage by Equipment Function
  • Engine
  • Hydraulic
  • Transmission
  • Gear
  • End-Use Application Sectors for Mining Lubricants
  • Coal Mining
  • Iron Ore Mining
  • Bauxite Mining
  • Other End-Uses
  • Mining Industry Growth Promises Lucrative Opportunities for Mining Lubricants Market
  • Recent Market Activity
  • Mineral Oil & Bio-Based Lubricants Command Global Market
  • Coal Mining Occupies Leading Share of Global Demand
  • Asia-Pacific (including China) Exhibits Massive Gains
  • India Remains Strong Mining Lubricants Market in Asia-Pacific
  • World Mining Lubricants Market (2019 & 2025): Percentage Breakdown of Value Sales for Developed and Developing Regions
  • Global Mining Lubricants Market - Geographic Regions Ranked by Value CAGR for 2018-2025
  • Economic Scenario and its Impact on Mining Lubricant Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Manufacturing PMI: An Important Bellwether
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2012 through 2019
  • Market Restraints for the Global Mining Lubricants Industry
  • Competitive Scenario & Key Developments
  • Synthetic Lubricants (Type) Market Share Breakdown of Key Players: 2019
  • Mining Lubricants - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

  • Increasing Demand for Mining Equipment to Catalyze Global Mining Lubricants Market
  • Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Need for Continuous Maintenance of Mining Equipment Driving Growth
  • Increase in Coal-Fired Thermal Power Generation Buoys Mining Lubricants Demand
  • Iron Ore Mining: A Key Market for Mining Lubricants
  • Iron Ore Reserves
  • Global Iron Ore Reserves (2017): Percentage Share Breakdown of Crude Reserves by Geographic Region
  • A Quick Review of the Steel Industry, The Leading Consumer of Iron Ore
  • Global Crude Steel Production in Million Metric Tons (2007-2019)
  • Global Steel Market (2016): Percentage Breakdown of Crude Steel Production by Region
  • Bauxite Mining: An Important End-Use Sector of Lubricants
  • Global Bauxite Reserves (2018): Breakdown of Mine Reserves in Million Metric Tons by Leading Countries
  • Rising Demand for Quality Mining Lubricants Steering Growth
  • Mounting Pressure to Push Profits and Cut Costs Spur Demand for Mining Lubricants
  • Automatic Lubrication Records Significant Demand due to Advantages over Manual Systems
  • Advantages of Automated Lubrication over Manual Lubrication
  • Renewed Focus on Environmental Protection Triggers Demand for Bio-Based Lubricants
  • Rising Significance Drives Biodegradable Lubricants Demand
  • Increasing Investment in Mining Sector of Emerging Economies Propel the Market
  • Stringent Regulations with Profound Impact on Mining Sector
  • Important Federal Laws Governing Mining Industry

FOCUS ON SELECT PLAYERS(Total 71 Featured)

  • Bel-Ray Company, LLC (USA)
  • BP Plc. (UK)
  • Chevron Corporation (USA)
  • Exxon Mobil Corporation (USA)
  • FUCHS Petrolub SE (Germany)
  • Idemitsu Kosan Co., Ltd. (Japan)
  • Kluber Lubrication (Germany)
  • PetroChina Company Limited (China)
  • The PJSC Lukoil Oil Company (Russia)
  • Quaker Chemical Corporation (USA)
  • Royal Dutch Shell plc (The Netherlands)
  • Schaeffer Manufacturing Co. (USA)
  • Sinopec Corp. (China)
  • Total S.A. (France)
  • Whitmore Manufacturing LLC (USA)

For more information about this report visit https://www.researchandmarkets.com/r/moqcal

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Mining Lubricants Market

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