Global Mining Lubricants Market to Reach $2.6 Billion by 2025
SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mining Lubricants - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 8; Released: February 2022
Executive Pool: 6973
Companies: 71 - Players covered include Bel-Ray Company, LLC; BP Plc.; Chevron Corporation; Exxon Mobil Corporation; FUCHS Petrolub SE; Idemitsu Kosan Co., Ltd.; PetroChina Company Limited; The PJSC Lukoil Oil Company; Quaker Chemical Corporation; Royal Dutch Shell plc; Schaeffer Manufacturing Co.; Sinopec Corp.; Total S.A.; Whitmore Manufacturing LLC. and Others.
Coverage: All major geographies and key segments
Segments: Type (Mineral Oil & Bio-based Lubricants, Synthetic Lubricants); Technique (Surface Mining, Underground Mining); Equipment Function (Engine, Hydraulic, Transmission, Gear); End-Use (Coal Mining, Iron Ore Mining, Bauxite Mining, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; Germany; Russia; Rest of Europe; Asia-Pacific; Australia; India; Rest of Asia-Pacific; Latin America; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Mining Lubricants Market to Reach $2.6 Billion by 2025
Mining lubricants are widely used for providing viscosity to machines, lower friction and reduce heat between adjacent surfaces. Mining lubricants play an important role in reducing equipment wear and tear and safeguarding machinery in adverse operating conditions. These lubricants play a vital role in underground as well as surface mining. Amid the COVID-19 crisis, the global market for Mining Lubricants estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2025, registering a compounded annual growth rate (CAGR) of 5.1% over the analysis period. China represents the largest regional market for Mining Lubricants, accounting for an estimated 24.3% share of the global total. The market is projected to reach US$709.3 Million by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 7.2% over the analysis period.
The mining lubricants market is gaining from consistently increasing demand from mining industries, rising mining activities, and rapid industrialization and urbanization in developing economies. Factors like increasing electricity demand and the resulting consumption of coal for power generation along with rising demand for various base metals including nickel, copper, zinc and lead are driving drilling & exploration activities and mining equipment demand. Rising mining activities, especially coal and iron ore mining, across countries like Brazil, China and India boosts market prospects in these regions. In addition, increasing focus on high-performance and high-quality lubricants is anticipated to further augment the mining lubricants market. While the ongoing trend toward automated lubricants system presents lucrative opportunities for manufacturers, stringent regulations toward environmental protection are fueling the demand for bio-based mining lubricants. Asia-Pacific is the leading market, driven by increasing mining activities in India, China, Indonesia and Australia. Factors such as rapid industrialization and urbanization are expected to push steel demand and iron ore mining, which is bound to favor the market growth. In addition, continuous expansion of the automobile industry along with consumer demand for white metal jewelry is anticipated to also benefit the mining lubricants market. North America is another major market for mining lubricants globally owing to its strong position in the field of iron, coal, petroleum and natural gas production.
The market for mineral oil & bio-based lubricants is forecast to account for dominant share of the global mining lubricants market over the analysis period. Produced in large quantities owing to high demand from mining applications, mineral oil lubricants are used extensively due to their compatibility with coatings, seals and metals. Based on their lower prices in comparison to their bio-based counterparts along with the ability to offer operational benefits by providing equipment with a stable structure, these lubricants are expected to gain considerable market share. More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
[email protected]
SOURCE Global Industry Analysts, Inc.
![](https://rt.prnewswire.com/rt.gif?NewsItemId=LA03816&Transmission_Id=202203281140PR_NEWS_USPR_____LA03816&DateId=20220328)
Share this article