Argentina Mining Lubricants Market Size & Outlook
Argentina mining lubricants market, 2018-2030 (US$M)
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Argentina mining lubricants market highlights
- The Argentina mining lubricants market generated a revenue of USD 65.9 million in 2021 and is expected to reach USD 93.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4% from 2022 to 2030.
- In terms of segment, synthetic mining lubricants was the largest revenue generating product in 2021.
- Bio-Based Mining Lubricants is the most lucrative product segment registering the fastest growth during the forecast period.
Mining lubricants market data book summary
| Market revenue in 2021 | USD 65.9 million |
| Market revenue in 2030 | USD 93.9 million |
| Growth rate | 4% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic mining lubricants |
| Fastest growing segment | Bio-Based Mining Lubricants |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Oil Mining Lubricants, Synthetic Mining Lubricants, Bio-Based Mining Lubricants |
| Key market players worldwide | Exxon Mobil Corp, Shell PLC, Quaker Houghton, Basf SE, Sinopec Oilfield Service Corp Class H, BP PLC, Fuchs SE ADR (Representing Pref. Shares), TotalEnergies SE, Freudenberg |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global mining lubricants market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 93.9 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 52.05% in 2021. Horizon Databook has segmented the Argentina 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.
In 2020, Argentina was the third-largest lithium producer in the world. Mining companies in the country are focusing on using sustainable equipment in mines. Companies have started water treatment plants to recycle industrial water. Pollution and water supply concerns are expected to lead to the implementation of highly stringent environmental regulations in Argentina in the coming years.
These stringent environmental regulations in the country are anticipated to restrain the growth of the mining industry in Argentina, thereby negatively impacting the demand for mining lubricants in the country over the forecast period.
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Our clientele includes a mix of mining lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Argentina mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina mining lubricants market size, by product, 2018-2030 (US$M)
Argentina Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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