Global Mining Lubricants Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Mining Lubricants Market By Equipment Function (Engine, Hydraulic, Transmission, Gear), Mining Techniques (Surface Mining, Underground Mining), Type (Mineral Oil, Synthetic Lubricants), End-Use Industry (Coal Mining, Iron Ore Mining, Bauxite Mining, Rare Earth Mineral Mining, Precious Metals Mining, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Mining Lubricants Market

Global mining lubricants market is registering a substantial CAGR of 5.10% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the growth of the mining industries and increasing demand for better quality mining lubricants.

Market Definition: Global Mining Lubricants Market

Mining lubricants also play an effective role as underground mining in each layer as it directly affects the procedure. Decent mining lubricants of quality will improve the life of the machine and further reduce servicing rates. This can be used in coal mining, mining of minerals, rare earth mining, mining of precious metals and mining of bauxite. It has capacity to reduce heat, friction and wear as applied between solid surfaces or machines.

Market Drivers:

  • Surging demand for better quality mining lubricants are driving this market
  • Continuous maintenance of the mining equipment is helping to grow this market
  • Increasing mining industries is driving this market
  • Increasing investment in the mining industries is driving this market

Market Restraints:

  • Stringent regulations imposed by government bodies towards environment protection is restraining the growth of the market
  • Increasing price and relatively complex manufacturing process are the only factors which can hamper the market growth

Segmentation: Global Mining Lubricants Market

By Equipment Function

  • Engine
  • Hydraulic
  • Transmission
  • Gear

By Mining Techniques

  • Surface Mining
  • Underground Mining

By Type

  • Mineral Oil
  • Synthetic Lubricants

By End-Use Industry

  • Coal Mining
  • Iron Ore Mining
  • Bauxite Mining
  • Rare Earth Mineral Mining
  • Precious Metals Mining
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In July 2019, LiuGong and Valvoline inc have signed a memo of understanding that may see Valvoline become the Chinese instrumentation maker’s most popular provider of lubricants for markets outside of China. It is another step to provide complete solution for the customers with the lowest total cost of ownership
  • In October 2019, Mahindra & Mahindra, the world's largest tractor manufacturer, and Gulf Oil Lubricants India Ltd, manufacturers & marketers of long drain motor oils, signed an agreement in India to produce tractor stage oils. Gulf oil produces and supplies ' Mahindra Genuine Oil ' to the workshop network of its dealer. This combination will bring technological advancement and increase their revenue

Competitive Analysis:

Global mining lubricants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mining lubricants market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global mining lubricants market are Shell Foundation, BP p.l.c., Chevron Corporation, Exxon Mobil Corporation, Total Oil Asia-Pacific Pte Limited, FUCHS, Petrochina Company Limited, Quaker Chemical Corporation, China Petrochemical Corporation, Idemitsu Kosan Co.,Ltd.,  LUKOIL, Calumet Specialty Products Partners, L.P., Whitmore, Schaeffer Manufacturing Co., St. Louis, MO., Klüber Lubrication, Munich, Gulf Oil International among others.

Research Methodology: Global Mining Lubricants Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved


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