Saudi Arabia Mining Lubricants Market Size & Outlook
Saudi Arabia mining lubricants market, 2018-2030 (US$M)
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Saudi Arabia mining lubricants market highlights
- The Saudi Arabia mining lubricants market generated a revenue of USD 51.9 million in 2021 and is expected to reach USD 67.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3% from 2022 to 2030.
- In terms of segment, mineral oil 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.
Mining lubricants market data book summary
| Market revenue in 2021 | USD 51.9 million |
| Market revenue in 2030 | USD 67.7 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Mineral oil mining lubricants |
| Fastest growing segment | Synthetic 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, Saudi Arabia accounted for 0.8% 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 Middle East & Africa, South Africa mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 235.2 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 69.36% in 2021. Horizon Databook has segmented the Saudi Arabia 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 mining industry in Saudi Arabia produces only a small volume of gold, phosphate, and bauxite at present. However, the plans of the government of the country for continuing the development of its mining industry are optimistic.
According to the Saudi Geological Survey, at least 48 types of different minerals are found in the country in over 5,300 mineral locations that have been discovered through previous mining operations.
Some of these minerals, such as lithium, cobalt, and titanium, are essential and may be mined to fulfill the rising global demand. With the plans of the government to expand the mining activities in the country, the demand for mining lubricants in Saudi Arabia is anticipated to surge during the forecast period.
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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 Saudi Arabia mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia mining lubricants market size, by product, 2018-2030 (US$M)
Saudi Arabia Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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