Mexico Mining Lubricants Market Size & Outlook, 2021-2030
Mexico mining lubricants market, 2018-2030 (US$M)
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Mexico mining lubricants market highlights
- The Mexico mining lubricants market generated a revenue of USD 119.3 million in 2021 and is expected to reach USD 166.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.7% 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 119.3 million |
| Market revenue in 2030 | USD 166.0 million |
| Growth rate | 3.7% (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, Mexico accounted for 1.9% 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 North America, U.S. mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 166.0 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 54.15% in 2021. Horizon Databook has segmented the Mexico 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 Mexican Mining Chamber (CAMIMEX) projected major investments for the industry in 2022 and stated that the sector is still expanding despite the complicated relationship between the mining industry and the federal government.
CAMIMEX also announced that, in 2020, the mining companies will make significant investments exceeding the level of investments made in 2021. As a result, expanding mining industry in the country is anticipated to propel the demand for mining lubricants over the forecast period.
In terms of production, revenue, and reserves, Mexico is a major player in the world's mining sector. Therefore, Mexico is a hotspot for mining investment, ranking fourth in terms of investment attractiveness, only after the U.S., Canada, and Australia. Some of Mexico's largest foreign and domestic investments have been made in mining industry in recent years, thereby propelling the demand for mining lubricants.
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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 Mexico mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mining lubricants market size, by product, 2018-2030 (US$M)
Mexico Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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