India Mining Lubricants Market Size & Outlook, 2021-2030
India mining lubricants market, 2018-2030 (US$M)
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India mining lubricants market highlights
- The India mining lubricants market generated a revenue of USD 298.2 million in 2021 and is expected to reach USD 471.7 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% 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 298.2 million |
| Market revenue in 2030 | USD 471.7 million |
| Growth rate | 5.2% (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, India accounted for 4.7% 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 Asia Pacific, China mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 471.7 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 55.53% in 2021. Horizon Databook has segmented the India 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.
India is the second-largest producer of coal and the fourth-largest producer of iron ore globally. Significant mining activities in the country are expected to promote the utilization of mining lubricants in India over the forecast period.
In addition, liberalized foreign direct investment (FDI) policies by the government of the country to promote investments in India are anticipated to fuel the growth of the mining industry, thereby positively influencing demand for mining lubricants in the country.
The increasing utilization of drilling and extraction equipment owing to the high concentration of rare earth metals in India is expected to drive the demand for mining lubricants in the country 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 India mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into India mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India mining lubricants market size, by product, 2018-2030 (US$M)
India Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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