Global Mining Lubricants Industry Report 2023: U.S. Market is Estimated at $413.7 Million, While China is Forecast to Grow at 6.8% CAGR - Forecasts to 2030

DUBLIN, Nov. 8, 2023 /PRNewswire/ -- 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/44s4uq

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