The report “Mining Lubricants Market by End-Use Industry (Coal Mining, Iron ORE Mining, Bauxite Mining, Rare Earth Mineral Mining, Precious Metals Mining), Type (Mineral Oil Lubricants, Synthetic Lubricants), and Region – Global Forecast to 2022″,
The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022.
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- Growth of mining industry
- Increased demand for better quality mining lubricants
- Downturn in mining related investments in Australia and South Africa
- Increased investments in the mining industry of the emerging economies
- Emerging automated lubrication systems
- Stringent government regulations
Growth in the mineral oil lubricants drives the global mining lubricant market
Mineral oil lubricants are available in light and heavy grades depending on the usage and requirement. They are produced in large quantities because of its high usage in various mining applications. The mining sector continue to utilize high volumes of mineral oil lubricants because of its low cost. The market for this segment is driven by the increasing demand from Asia-Pacific and South America.
The objectives of this study are:
- To analyze and forecast the size of the global mining lubricants markets, in terms of value and volume
- To define, segment, and estimate the global mining lubricants market by type, end-use industry, and region
- To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the mining lubricants market for stakeholders and details of the competitive landscape for market leaders
- To project the size of market segments, in terms of value and volume, with respect to five main regions namely, Asia-Pacific, North America, Europe, Middle East & Africa and South America
- To strategically profile the key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations, product approvals, and other developments in the mining lubricants market
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