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

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Nov 08, 2023, 05:30 ET

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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