Italy Mining Lubricants Market Size & Outlook, 2021-2030
Italy mining lubricants market, 2018-2030 (US$M)
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Italy mining lubricants market highlights
- The Italy mining lubricants market generated a revenue of USD 15.4 million in 2021 and is expected to reach USD 20.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.5% 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 15.4 million |
| Market revenue in 2030 | USD 20.9 million |
| Growth rate | 3.5% (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, Italy accounted for 0.2% 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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Italy 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 46.1% in 2021. Horizon Databook has segmented the Italy 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.
Italy has a wide range of natural reserves of zinc, potash, coal, barite, pumice, marble, asbestos, fluorspar, feldspar, mercury, natural gas, pyrite, and crude oil. The government of the country has complete control of its mineral industry. Italy is expected to continue depending on imports of mineral fuel despite the projections that domestic production will rise over the forecast period as a result of the discovery of new reserves.
The discovery of new reserves is expected to lead to a surge in the requirement for lubricants used in different mining machineries and equipment. This, in turn, is anticipated to drive the growth of mining lubricants market in Italy 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 Italy mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Italy mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy mining lubricants market size, by product, 2018-2030 (US$M)
Italy Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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