Spain Mining Lubricants Market Size & Outlook, 2021-2030
Spain mining lubricants market, 2018-2030 (US$M)
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Spain mining lubricants market highlights
- The Spain mining lubricants market generated a revenue of USD 215.9 million in 2021 and is expected to reach USD 266.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.3% 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.
Mining lubricants market data book summary
| Market revenue in 2021 | USD 215.9 million |
| Market revenue in 2030 | USD 266.0 million |
| Growth rate | 2.3% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic 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, Spain accounted for 3.4% 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 Europe, Spain mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 20.9 million by 2030.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 45.72% in 2021. Horizon Databook has segmented the Spain 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.
Spain possesses a diverse range of geological resources and deposits that lead to a variety of mining activities in the country. It is also one of only four countries that produce nickel ore. Spain is one of the top producers of spar-fluorine and the third-largest producer of copper ore.
Spain was between the second- and third-largest producer of copper in the European Union in 2019 owing to the expansion of the economy over the past several years and changes in demand and supply in the market.
It was the largest producer of gypsum and the only producer of sepiolite in the European Union in 2019. As a result, metal mining is still the primary driver for the growth of the mining industry in Spain resulting in increased consumption of mining lubricants in the country.
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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 country-level data and insights on the Spain mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Spain mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain mining lubricants market size, by product, 2018-2030 (US$M)
Spain Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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