U.S. Mining Lubricants Market Size & Outlook, 2021-2030
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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.
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Mining Lubricants Market Scope
Mining Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Sinopec Oilfield Service Corp Class H | View profile | 63392 | No. 9 Jishikou Road, Changyang District, Beijing, China, People's Republic of, 100728 | https://ssc.sinopec.com |
| Quaker Houghton | View profile | 4400 | 901 East Hector Street, Conshohocken, PA, United States, 19428-2380 | https://www.quakerhoughton.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Freudenberg | View profile | 10001+ | Weinheim, Baden-Wurttemberg, Germany, Europe | http://www.freudenberg.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
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.
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Target buyers of U.S. mining lubricants market databook
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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 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.
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U.S. mining lubricants market size, by product, 2018-2030 (US$M)
U.S. Mining Lubricants Market Outlook Share, 2021 & 2030 (US$M)
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