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

*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

*Attachment*

· Mining Lubricants Market

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