Japan Mining Lubricants Market Size & Outlook, 2021-2030
Japan mining lubricants market, 2018-2030 (US$M)
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Japan mining lubricants market highlights
- The Japan mining lubricants market generated a revenue of USD 218.8 million in 2021 and is expected to reach USD 301.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.6% 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 218.8 million |
| Market revenue in 2030 | USD 301.4 million |
| Growth rate | 3.6% (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, Japan accounted for 3.4% 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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Japan 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 53.24% in 2021. Horizon Databook has segmented the Japan 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.
The Hishikari mine in Japan, owned and run by Sumitomo Metal Mining, is the main source of gold for the relatively small mining industry of the country. Beyond the disruption caused by the COVID-19 pandemic, the long-term outlook for gold mining is highly positive in Japan owing to investments in mineral exploration activities made by Canada-based company, Japan Gold.
The demand for mining lubricants specifically for machines and equipment used in coal mines is high in Japan. Coal-based power has been a significant business pillar for major companies based in the country. The Government of Japan has been a long-time promoter of this industry, thereby making it difficult for the country to modify its direction to adopt emerging technologies.
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Our clientele includes a mix of mining lubricants market companies, investment firms, advisory firms & academic institutions.
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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 Japan mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Japan mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan mining lubricants market size, by product, 2018-2030 (US$M)
Japan Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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