Brazil Mining Lubricants Market Size & Outlook, 2021-2030
Brazil mining lubricants market, 2018-2030 (US$M)
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Brazil mining lubricants market highlights
- The Brazil mining lubricants market generated a revenue of USD 272.8 million in 2021 and is expected to reach USD 380.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.8% 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 272.8 million |
| Market revenue in 2030 | USD 380.1 million |
| Growth rate | 3.8% (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, Brazil accounted for 4.3% 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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Brazil 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 52.09% in 2021. Horizon Databook has segmented the Brazil 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.
Brazil is a significant player in the global mining industry. It is the second-largest producer of iron ore in the world. The mineral exploration activities make a considerable financial contribution to overall mineral exports made by the country. The Iron Quadrangle (Minas Gerais) and Carajás (Pará) are the two largest mining sites in Brazil.
The country is among the largest global producers of manganese, iron ore, tin, and bauxite. Rising government initiatives in the form of increasing budgets related to mining and mineral exploration activities are expected to fuel the growth of mining lubricants market in Brazil in the coming years.
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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 Brazil mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Brazil mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil mining lubricants market size, by product, 2018-2030 (US$M)
Brazil Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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