Germany Mining Lubricants Market Size & Outlook, 2021-2030
Germany mining lubricants market, 2018-2030 (US$M)
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Germany mining lubricants market highlights
- The Germany mining lubricants market generated a revenue of USD 179.7 million in 2021 and is expected to reach USD 230.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.8% from 2022 to 2030.
- In terms of segment, mineral oil 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 179.7 million |
| Market revenue in 2030 | USD 230.2 million |
| Growth rate | 2.8% (CAGR from 2021 to 2030) |
| Largest segment | Mineral oil 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, Germany accounted for 2.8% 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 Europe, Spain mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 20.9 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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.
Mineral oil mining lubricants was the largest segment with a revenue share of 45.97% in 2021. Horizon Databook has segmented the Germany 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.
Major manufacturers such as ExxonMobil Corporation, FUCHS, Lubrication Engineers, and others are introducing new and advanced products across the mining lubricants product portfolio as well as investing in the expansion of existing or new production lines to cater to the surging demand from customers.
For instance, FUCHS is involved in the continuous product development of a range of new products and optimizing the existing ones to fulfill the mining needs. Germany has one of the largest mining sectors in the European region, with varied mineral resources.
Increasing demand for mining products in applications including electronics, construction, and others is anticipated to propel 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 Germany mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Germany mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany mining lubricants market size, by product, 2018-2030 (US$M)
Germany Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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