Canada Mining Lubricants Market Size & Outlook, 2021-2030
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Canada mining lubricants market highlights
- The Canada mining lubricants market generated a revenue of USD 112.4 million in 2021 and is expected to reach USD 150.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.3% 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 112.4 million |
| Market revenue in 2030 | USD 150.3 million |
| Growth rate | 3.3% (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, Canada accounted for 1.8% 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 North America, U.S. mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 166.0 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Sinopec Oilfield Service Corp Class H | View profile | 63392 | No. 9 Jishikou Road, Changyang District, Beijing, China, People's Republic of, 100728 | https://ssc.sinopec.com |
| Quaker Houghton | View profile | 4400 | 901 East Hector Street, Conshohocken, PA, United States, 19428-2380 | https://www.quakerhoughton.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Freudenberg | View profile | 10001+ | Weinheim, Baden-Wurttemberg, Germany, Europe | http://www.freudenberg.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Canada 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 55.43% in 2021. Horizon Databook has segmented the Canada 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.
There is an enormous opportunity for Canada to establish itself as a responsible producer of mineral and metal commodities as the demand for these materials rises. Canada is also a proven pioneer in sustainable mining methods. Mining is becoming increasingly important in Canada, which is anticipated to fuel the demand for mining lubricants in the country over the forecast period.
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Target buyers of Canada 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Canada mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mining lubricants market size, by product, 2018-2030 (US$M)
Canada Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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