Latin America Mining Lubricants Market Size & Outlook
Latin America mining lubricants market, 2018-2030 (US$M)
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Latin America mining lubricants market highlights
- The Latin America mining lubricants market generated a revenue of USD 581.0 million in 2021.
- The market is expected to grow at a CAGR of 3.7% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 581.0 million |
| Market revenue in 2030 | USD 804.8 million |
| Growth rate | 3.7% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic mining lubricants |
| Fastest growing segment | Bio-Based Mining Lubricants |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 9.1% of the global mining lubricants market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,239.6 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 52.08% in 2021. Horizon Databook has segmented the Latin America 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 demand for mining lubricants in Latin America is majorly driven by increased mining and mineral processing activities in countries such as Brazil and Argentina. The region majorly produces iron ore, copper, and ubiquitous gold.
The mining industry in Latin America is flourishing owing to the large-scale foreign investments by private companies for exploration activities across the region. As of 2020, Brazil and Argentina are among the top mineral-producing countries in Central & South America.
The region is expected to witness significant growth owing to several existing and upcoming mining projects. The mining industry in Brazil and Argentina is anticipated to witness significant growth over the forecast period. All these factors are expected to fuel the demand for mining lubricants in Latin America 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 continent-level data and insights on the Latin America mining lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mining lubricants market size, by country, 2018-2030 (US$M)
Latin America Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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