Global Lubricants For Mining And Quarry Applications Market 2024-2028
The lubricants for mining and quarry applications market is forecasted to grow by USD 560.1 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the lubricants for mining and quarry applications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of smart mining equipment, increased implementation of automatic lubrication systems, and growing demand for cobalt owing to increasing adoption of electric vehicles.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.11%
CAGR
4.36%
Incremental Value
$560.1mn
Technavio's lubricants for mining and quarry applications market is segmented as below:
By Application
Coal mining
Iron ore mining
Rare earth mineral mining
Bauxite mining
Others
By Product Type
Mineral oil lubricants
Synthetic oil lubricants
Bio-based lubricants
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the shifting of mining activities to emerging economies as one of the prime reasons driving the lubricants for mining and quarry applications market growth during the next few years. Also, development of environment-friendly lubricants and growing number of industry-specific products will lead to sizable demand in the market.
The report on the lubricants for mining and quarry applications market covers the following areas:
Lubricants for mining and quarry applications market sizing
Lubricants for mining and quarry applications market forecast
Lubricants for mining and quarry applications market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lubricants for mining and quarry applications market vendors that include Berkshire Hathaway Inc., BP Plc, Busler Enterprises Inc., Chevron Corp., CSW Industrials Inc, D A Lubricant Co., Eurol BV, Exxon Mobil Corp., FUCHS PETROLUB SE, Lubrication Engineers Inc., Lubriplate Lubricants Co., Lucas Oil Products Inc., Quaker Chemical Corp., Rymax BV, San Miguel Corp, Schaeffer Manufacturing Co., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, and Valvoline Inc.. Also, the lubricants for mining and quarry applications market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Product Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Lubricants Market For Mining And Quarry Applications 2018 - 2022
Historic Market Size - Data Table on Global Lubricants Market For Mining And Quarry Applications 2018 - 2022 ($ million)