Canada Mining Lubricants Market Size & Outlook, 2021-2030
Canada mining lubricants market, 2018-2030 (US$M)
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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 |
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 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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