UK Mining Lubricants Market Size & Outlook, 2021-2030
UK mining lubricants market, 2018-2030 (US$M)
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UK mining lubricants market highlights
- The UK mining lubricants market generated a revenue of USD 132.4 million in 2021 and is expected to reach USD 176.2 million by 2030.
- The UK market is expected to grow at a CAGR of 3.2% 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 132.4 million |
| Market revenue in 2030 | USD 176.2 million |
| Growth rate | 3.2% (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, UK accounted for 2.1% 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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UK 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 62.08% in 2021. Horizon Databook has segmented the UK 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 UK government launched its Green Revolution, a ten-point multi-billion-dollar strategy, to help reduce carbon emissions and aid in the fight against climate change by the middle of the century, against the backdrop of the COVID-19 pandemic. This is anticipated to generate three times as many private investments over the coming years.
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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 UK mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into UK mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK mining lubricants market size, by product, 2018-2030 (US$M)
UK Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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