Global Mining Lubricants Market 2023-2029

Global Mining Lubricants Market 2023-2029

Mining lubricants are used in the mining industry to ensure complete protection of mining equipment and heavy vehicles. In addition to preventing and minimizing friction, mining lubricants also provide energy transfer, heat removal, and sealing. They also have advanced detergent, anti-oxidation, and anti-corrosion properties. That means they are used to remove wear particles and contaminants from the mining machinery lubrication system. The global mining lubricants market size is projected to grow by USD 1.0 billion from 2023 to 2029, registering a CAGR of 4.9 percent, according to the latest market data.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global mining lubricants market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, type, application, and region. The global market for mining lubricants can be segmented by product: bio-based lubricants, mineral oil based lubricants, synthetic lubricants. The synthetic lubricants segment was the largest contributor to the global mining lubricants market in 2022. Mining lubricants market is further segmented by type: grease, oil. According to the research, the oil segment had the largest share in the global mining lubricants market. Based on application, the mining lubricants market is segmented into: bauxite mining, coal mining, industrial mineral mining, iron ore mining, precious metal mining, others. The coal mining segment held the largest revenue share in 2022. On the basis of region, the mining lubricants market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the mining lubricants market.

Market Segmentation
By product: bio-based lubricants, mineral oil based lubricants, synthetic lubricants
By type: grease, oil
By application: bauxite mining, coal mining, industrial mineral mining, iron ore mining, precious metal mining, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Mining Lubricants Market, including Bharat Petroleum Corporation Limited (BPCL), Castrol Limited (BP p.l.c.), Chevron Corporation, China Petroleum & Chemical Corporation (Sinopec), ExxonMobil Corporation, Fuchs Petrolub SE, Gazprom Neft OJSC, GS Caltex Corporation, Gulf Oil LP, Hindustan Petroleum Corporation Limited (HPCL), Idemitsu Kosan Co., Ltd., Indian Oil Corporation Limited, Kluber Lubrication GmbH (Freudenberg Chemical Specialities SE & Co. KG), Liqui Moly GmbH (Adolf Wurth GmbH & Co. KG), LUKOIL PJSC, Motul S.A., Petro-Canada Lubricants Inc., Petroliam Nasional Berhad, Repsol S.A., Schaeffer Manufacturing Co., Shell plc, The Phillips 66 Company, Tongyi Petroleum Chemical Co., Ltd., TotalEnergies SE, Valvoline Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report

• To analyze and forecast the market size of the global mining lubricants market.
• To classify and forecast the global mining lubricants market based on product, type, application, region.
• To identify drivers and challenges for the global mining lubricants market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global mining lubricants market.
• To identify and analyze the profile of leading players operating in the global mining lubricants market.


Why Choose This Report
• Gain a reliable outlook of the global mining lubricants market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.