Global Mining Lubricants Market is valued at approximately USD 6.40 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.8 % over the forecast period 2022-2029. Mining lubricants are utilized as efficiency enhancers and friction reducers in the mining industry. They serve a wide range of mining machines including turbines, compressors, open and closed gears, hydraulic systems, machine tool slide ways, bearings, pneumatic tools, mining transmissions, and others. The market growth is primarily driven by factors such as the growth of the mining industry, increasing adoption of better-quality mining lubricants, and increasing implementation of automatic lubrication systems.
The surging demand for mining equipment is directly associated with market demand across the globe. According to Statista, the global market value of mining equipment in 2019 accounted for USD 121.69 billion, which is likely to reach USD 165.83 billion million by 2027. Thereby, the increasing demand for mining equipment is witnessing high growth in the mining lubricants market worldwide. Moreover, ongoing research related to the development of bio-based lubricants and emerging automated lubrication systems are offering various opportunities over the forecasting years. However, the execution of stringent government regulations is limiting the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Mining Lubricants Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the growing demand for steel, increasing foreign investments, and the high growth of emerging economies. Whereas, Europe is expected to grow at a significant CAGR during the forecast period, owing to factors such as the availability of abundant mineral resources and increasing consumption of metals and minerals in the regional market.
Major market players included in this report are:
- Exxon Mobil Corporation
- Shell plc
- Quaker Chemical Corporation
- BASF SE
- Sinopec Corporation
- BP P.L.C.
- FUCHS
- Total S.A.
- Kluber Lubrication
- Chevron Corporation
Recent Developments in the Market:
- In September 2019, Chevron Corporation announced that the company entered a three-party collaboration with Schlumberger Limited & Microsoft. The objective of this collaboration is to accelerate the development of innovative Petro technical and digital technologies.
Global Mining Lubricants Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also provides detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Mineral Oil Mining Lubricants
- Synthetic Mining Lubricants
- Bio-Based Mining Lubricants
By Application:
- Coal Mining
- Iron Ore Mining
- Bauxite Mining
- Rare Earth Element Mining
- Precious Metal Mining
- Other
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Mining Lubricants Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Mining Lubricants Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Mining Lubricants Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Mining Lubricants Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Mining Lubricants Market Dynamics
- 3.1. Mining Lubricants Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing implementation of automatic lubrication systems
- 3.1.1.2. Surging demand for mining equipment
- 3.1.2. Market Challenges
- 3.1.2.1. Execution of stringent government regulations
- 3.1.3. Market Opportunities
- 3.1.3.1. Ongoing research related to the development of bio-based lubricants
- 3.1.3.2. Emerging automated lubrication systems
Chapter 4. Global Mining Lubricants Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Mining Lubricants Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Mining Lubricants Market by Product, Performance - Potential Analysis
- 6.3. Global Mining Lubricants Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Mining Lubricants Market, Sub Segment Analysis
- 6.4.1. Mineral Oil Mining Lubricants
- 6.4.2. Synthetic Mining Lubricants
- 6.4.3. Bio-Based Mining Lubricants
Chapter 7. Global Mining Lubricants Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Mining Lubricants Market by Application, Performance - Potential Analysis
- 7.3. Global Mining Lubricants Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Mining Lubricants Market, Sub Segment Analysis
- 7.4.1. Coal Mining
- 7.4.2. Iron Ore Mining
- 7.4.3. Bauxite Mining
- 7.4.4. Rare Earth Element Mining
- 7.4.5. Precious Metal Mining
- 7.4.6. Others
Chapter 8. Global Mining Lubricants Market, Regional Analysis
- 8.1. Mining Lubricants Market, Regional Market Snapshot
- 8.2. North America Mining Lubricants Market
- 8.2.1. U.S. Mining Lubricants Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Mining Lubricants Market
- 8.3. Europe Mining Lubricants Market Snapshot
- 8.3.1. U.K. Mining Lubricants Market
- 8.3.2. Germany Mining Lubricants Market
- 8.3.3. France Mining Lubricants Market
- 8.3.4. Spain Mining Lubricants Market
- 8.3.5. Italy Mining Lubricants Market
- 8.3.6. Rest of Europe Mining Lubricants Market
- 8.4. Asia-Pacific Mining Lubricants Market Snapshot
- 8.4.1. China Mining Lubricants Market
- 8.4.2. India Mining Lubricants Market
- 8.4.3. Japan Mining Lubricants Market
- 8.4.4. Australia Mining Lubricants Market
- 8.4.5. South Korea Mining Lubricants Market
- 8.4.6. Rest of Asia Pacific Mining Lubricants Market
- 8.5. Latin America Mining Lubricants Market Snapshot
- 8.5.1. Brazil Mining Lubricants Market
- 8.5.2. Mexico Mining Lubricants Market
- 8.5.3. Rest of Latin America Mining Lubricants Market
- 8.6. Rest of The World Mining Lubricants Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Exxon Mobil Corporation
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Shell plc
- 9.2.3. Quaker Chemical Corporation
- 9.2.4. BASF SE
- 9.2.5. Sinopec Corporation
- 9.2.6. BP P.L.C.
- 9.2.7. FUCHS
- 9.2.8. Total S.A.
- 9.2.9. Kluber Lubrication
- 9.2.10. Chevron Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption