Mining Lubricants Market Size, Share, Trends, Application Analysis and Growth by Forecast to 2020-2030 | Future Market Insights
Future Market Insights has announced the addition of the “2020 Analysis and Review: Mining Lubricants by Product – Oils, Grease for 2020-2030″ report to their offering.
Dubai, United Arab Emirates – March 2, 2021 /MarketersMedia/ —
Exhibiting a stable CAGR during 2019 – 2029, global value of mining lubricants market is projected to reach US$ 3 Bn by 2029 end. While resurgence of mining industry is the prime driver for market growth, increasing investments in mining exploration activities will be another leg of growth for mining lubricants market over the forecast period.
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“The mining lubricants market is growing on the back of rising demand for high-performance lubricants such as process oils, transmission oils, and drilling fluids, in mining projects. Manufacturers are inking partnerships with equipment manufacturers and service providers to create awareness on proper usage and benefits of mining lubricants. Moreover, they are offering customized solutions,” says Future Market Insights.
Key Takeaways of FMI’s Mining Lubricants Market Study
Bio-based mining lubricants are witnessing significant traction, especially in developed regions, owing to stringent sustainable norms.
Given abundance of coal and iron ore reserves, mining lubricants market in East Asia represents the most lucrative opportunities.
Surging energy requirement due to rapid urbanization and industrialization is further creating growth avenues for mining lubricant manufacturers.
Key Growth Drivers – Mining Lubricants Market
Investment upheaval in mining sector in developing regions including, China, and India are bolstering the growth of mining lubricants market.
Increasing preference for high-performance eco-friendly lubricants to achieve equipment efficiency, along with regulatory compliance.
Swelling demand for coal as feedstock for energy production is arguing well for market growth of mining lubricants.
Key Impediments – Mining Lubricants Market
Fluctuations in raw material pricing due to trade conflicts remain a longstanding concern.
Fulfilling product standardization criteria adds to R&D expenses of mining lubricant manufacturers.
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Competition Structure Analysis – Mining Lubricants Market
The global mining lubricants market is moderately consolidated, with leading players accounting for over half of the total market revenues. Manufacturers are focusing on strengthening their partnerships with mining companies and equipment suppliers. They are also entering into strategic mergers & acquisitions with regional players across the globe to expand their presence in domestic landscape.
Some of the key participants in global mining lubricants market that are covered in this Future Market Insights’ report, include Royal Dutch Shell plc, ExxonMobil Corporation, Total S.A., BP plc, PetroChina Company Limited, PETRONAS, FUCHS, Chevron Corporation, Lukoil Company, and Kluber Lubrication.
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption Rate
4.2. Technology Adoption Rate
4.3. Strategic Promotional Strategies
5. Global Mining Lubricants Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Volume (Tons) Analysis, 2015-2019
5.2. Current and Future Market Volume (Tons) Projections, 2020-2030
5.3. Y-o-Y Growth Trend Analysis
6. Global Mining Lubricants Market – Pricing Analysis
7. Global Mining Lubricants Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
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Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/mining-lubricants-market
Source: MarketersMedia
Release ID: 88999424
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