Global Mining Lubricants Market Size & Outlook, 2021-2030
Global mining lubricants market, 2018-2030 (US$M)
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Global mining lubricants market highlights
- The global mining lubricants market generated a revenue of USD 6,403.5 million in 2021 and is expected to reach USD 8,963.9 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 3.8% by 2030.
- In terms of segment, synthetic mining lubricants accounted for a revenue of USD 3,396.6 million in 2021.
- Bio-Based Mining Lubricants is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Spain is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 6,403.5 million |
| Market revenue in 2030 | USD 8,963.9 million |
| Growth rate | 3.8% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic mining lubricants |
| Fastest growing segment | Bio-Based Mining Lubricants |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Oil Mining Lubricants, Synthetic Mining Lubricants, Bio-Based Mining Lubricants |
Other key industry trends
- In terms of revenue, the North America accounted for 18.7% of the global mining lubricants market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 266.0 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global mining lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mining lubricants market will help companies and investors design strategic landscapes.
Synthetic mining lubricants was the largest segment with a revenue share of 53.04% in 2021. Horizon Databook has segmented the Global mining lubricants market based on mineral oil mining lubricants, synthetic mining lubricants, bio-based mining lubricants covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Mining Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
- Mineral Oil Mining Lubricants
- Synthetic Mining Lubricants
- Bio-Based Mining Lubricants
- Global Mining Lubricants Application Outlook (Revenue, USD Million, 2018-2030)
- Coal Mining
- Iron Ore Mining
- Bauxite Mining
- Rare Earth Mining
- Precious Metals
- Mining Others
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Target buyers of Global mining lubricants market databook
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Our clientele includes a mix of mining lubricants market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global mining lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global mining lubricants market size, by regions, 2018-2030 (US$M)
Top 10 countries: Mining lubricants market size, 2021 (US$M)
Global mining lubricants market share, by product, 2021 & 2030 (%, US$M)
Mining lubricants market: Opportunity assessment by country
Global mining lubricants market, by region, 2021 (US$M)
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