North America Mining Lubricants Market Size & Outlook
North America mining lubricants market, 2018-2030 (US$M)
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North America mining lubricants market highlights
- The North America mining lubricants market generated a revenue of USD 1,197.5 million in 2021.
- The market is expected to grow at a CAGR of 2.9% 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, Mexico is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 1,197.5 million |
| Market revenue in 2030 | USD 1,547.9 million |
| Growth rate | 2.9% (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, North America region accounted for 18.7% 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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North 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 53.85% in 2021. Horizon Databook has segmented the North 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.
North America mining lubricants market is growing significantly owing to the increasing mining activities in the region. High production of minerals to meet the growing demand is likely to fuel the utilization of mining lubricants.
Moreover, the increase in the prices of commodities such as iron, gold, and copper, favorable government norms, and the availability of vast reserves in the region are expected to propel the demand for mining lubricants over the forecast period.
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Target buyers of North America mining lubricants market databook
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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 continent-level data and insights on the North America mining lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into North America mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America mining lubricants market size, by country, 2018-2030 (US$M)
North America Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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