U.S. Mining Lubricants Market Size & Outlook, 2021-2030
U.S. mining lubricants market, 2018-2030 (US$M)
Related Markets
U.S. mining lubricants market highlights
- The U.S. mining lubricants market generated a revenue of USD 965.9 million in 2021 and is expected to reach USD 1,231.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.7% 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 965.9 million |
| Market revenue in 2030 | USD 1,231.6 million |
| Growth rate | 2.7% (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, U.S. accounted for 15.1% 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 North America, U.S. mining lubricants market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 166.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 55.39% in 2021. Horizon Databook has segmented the U.S. 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 U.S. accounts for a prominent share of the North American mining lubricants market on account of increasing mining activities in the country. The growing demand for pure minerals is expected to fuel the growth of mining lubricants. Major companies manufacturing mining lubricants in the U.S. are FUCHS, Shell plc, and others.
The most mined resource in the U.S. is coal. Crushed rock, building & industrial sand, cement, gold, gravel, copper, iron ore, and other materials are frequently mined in the U.S. The value of the U.S. mining industry reached USD 82.3 billion in 2020 as a result of the combination of all these resources. These various mines are located around the country, with various regions specializing in various resources.
The U.S. mining industry is quite significant. This industry not only contributes significantly to the country’s wealth and creates a large number of jobs, but it is also indispensable given the amount of minerals consumed in the U.S. The country ranks among the top producers as well as consumers of minerals in the world.
Reasons to subscribe to U.S. mining lubricants market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. mining lubricants market databook
-
Our clientele includes a mix of mining lubricants market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. mining lubricants market , including forecasts for subscribers. This country databook contains high-level insights into U.S. mining lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. mining lubricants market size, by product, 2018-2030 (US$M)
U.S. Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
