South Africa Mining Lubricants Market Size & Outlook
South Africa mining lubricants market, 2018-2030 (US$M)
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South Africa mining lubricants market highlights
- The South Africa mining lubricants market generated a revenue of USD 170.9 million in 2021 and is expected to reach USD 235.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.6% 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 170.9 million |
| Market revenue in 2030 | USD 235.2 million |
| Growth rate | 3.6% (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, South Africa accounted for 2.7% 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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South 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.
Mineral oil mining lubricants was the largest segment with a revenue share of 69.28% in 2021. Horizon Databook has segmented the South 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 electrical & electronics industry plays a vital role in the economy of South Africa as it is a direct or indirect contributor to other value-added industries operating in the country, including power generation, defense, automotive, and aerospace.
The future growth of the electrical & electronics industry in South Africa is dependent on the scale of adoption of new communication technologies, electrical appliances, etc. by consumers based in the country. Expanding electronics industry is anticipated to create lucrative demand for metals infused electrical components which will directly reflect on the growth of the mining lubricants market.
The flourishing electrical & electronics industry in South Africa is estimated to lead to the surging demand for iron ore, copper, etc. used in different electrical and electronic systems and appliances. This is anticipated to create significant demand for lubricants used in mining equipment in South Africa over 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 South Africa mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into South Africa mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa mining lubricants market size, by product, 2018-2030 (US$M)
South Africa Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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