Middle East & Africa Mining Lubricants Market Size & Outlook
Middle East & Africa mining lubricants market, 2018-2030 (US$M)
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MEA mining lubricants market highlights
- The MEA mining lubricants market generated a revenue of USD 569.0 million in 2021.
- The market is expected to grow at a CAGR of 3.5% from 2022 to 2030.
- In terms of segment, synthetic mining lubricants was the largest revenue generating product in 2021.
- Synthetic Mining Lubricants is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 569.0 million |
| Market revenue in 2030 | USD 776.8 million |
| Growth rate | 3.5% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic mining lubricants |
| Fastest growing segment | Synthetic 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, MEA region accounted for 8.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 50.11% in 2021. Horizon Databook has segmented the Middle East & Africa 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 the Middle East & Africa is primarily driven by the growing mining operations in the region, including the exploration and extraction of minerals and their processing. Africa accounts for a share of approximately 30% of the global mineral reserves. The region has large deposits of crude oil.
The increasing oil extraction activities in Africa are expected to drive the demand for mining lubricants used in drilling machines. A number of countries in the Middle East & Africa have introduced new laws to encourage investments in the mining industry.
The region is rich in minerals such as alumina, copper, iron ore, gold, lead, chromium, bauxite, coal, nickel, and diamond, which are used in numerous applications in various end-use industries across the world.
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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 Middle East & Africa mining lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA mining lubricants market size, by country, 2018-2030 (US$M)
Middle East & Africa Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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