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
Thursday, November 16, 2023
DUBLIN, Nov. 8, 2023 /PRNewswire/ -- The "Mining Lubricants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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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