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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


Product Code : MNMCH00108202
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“The global mining lubricants market is projected to grow at a CAGR of 4.5% from 2017 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. The growth of the mining lubricants market is driven by the increasing demand from the Asia-Pacific region and growing end use industries, such as coal and iron ore mining. Moreover, the demand for high quality and high performance lubricants is expected to further fuel the growth of mining lubricants market during the forecast period. Mining-related investments are expected to decrease in the coming years in countries such as Australia and South Africa, which would eventually hamper the growth of the mining lubricants market. The mining industry in South Africa witnessed various challenges such as local cost pressures, labor unrest, and a continuing downswing in commodity prices, which has resulted in reduced profit margins. A decrease in mining-related investments in these countries would have an adverse impact on the mining lubricants market.
“Synthetic lubricants is the second-fastest growing type segment of the global mining lubricants market”
Synthetic lubricants have several advantages over conventional mineral oil lubricants and have properties, such as high performance in extreme conditions, better viscosity index, higher shear stability, and chemical resistance. Synthetic lubricants can be customized according to the requirement so that it can have a controlled molecular structure with predictable properties. The main drawback of synthetic lubricants is the high cost. Synthetic lubricants are almost four times costlier than mineral lubricants.
“Iron ore is the second largest end-use industry segment followed by bauxite mining, for global mining lubricants market during the forecast period”
The iron ore mining industry is the second large consumer of mining lubricants on large scale followed by the bauxite mining industry. Australia, China, and Brazil are the largest producers of iron ore and bauxite. The mining lubricants market for iron ore and bauxite mining is majorly driven by the growth of the mining industries of these countries.
“The Asia-Pacific was the largest market for the global mining lubricants market in 2016”
Asia-Pacific was the largest market for the mining lubricants in 2016, having accounted for a share of 43.4% (by value) and is estimated to grow at the highest CAGR during the forecast period. The high growth of the emerging economies makes Asia-Pacific an attractive market for mining lubricants. The tremendous growth of coal mining activities in China and India, are primarily responsible for the high consumption of mining lubricants.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 35 %, Tier 2 – 30%, Tier 3 – 35%
• By Designation: C level – 25%, Director level – 30%, Others – 45%
• By Region: Asia-Pacific – 45%, Europe – 25%, North America – 25%, RoW – 5%


Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), BP Plc. (U.K.), Chevron Corporation (U.S.), Total S.A. (France), LUKOIL (Russia), Idemitsu Kosan Co., Ltd. (Japan), Fuchs Petrolub SE (Germany), PetroChina Company Limited (China), Quaker Chemical Corporation (U.S.), Sinopec Limited (China), Bel-Ray Company, LLC (U.S.), Whitmore Manufacturing CO. (U.S.), Schaeffer Manufacturing CO. (U.S.), and Kluber Lubrication (Germany), among others.
Research Coverage:

The report defines, segments, and projects the global mining lubricants market on the basis of type, end-use industry, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It also strategically profiles key players and comprehensively analyzes their market share and core competencies and tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.

Reasons to buy the report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall mining lubricants market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 SCOPE OF THE STUDY 18
1.3.1 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKE HOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP DOWN APPROACH 25
2.3 DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 31
4.1 SIGNIFICANT OPPORTUNITIES IN THE MINING LUBRICANTS MARKET 31
4.2 MINING LUBRICANTS MARKET, BY REGION, 2015–2022 31
4.3 ASIA-PACIFIC MINING LUBRICANTS MARKET, BY END-USE INDUSTRY AND COUNTRY 32
4.4 MINING LUBRICANTS MARKET SHARE, BY TYPE 33
4.5 MINING LUBRICANTS MARKET ATTRACTIVENESS 33
4.6 MINING LUBRICANTS MARKET, BY END-USE INDUSTRY AND REGION, 2016 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.3 DRIVERS 37
5.3.1.1 Growth of the mining industry 37
5.3.1.2 Increased demand for better quality mining lubricants 37
5.4 RESTRAINTS 37
5.4.1.1 Downturn in mining-related investments in Australia and South Africa 37
5.5 OPPORTUNITIES 37
5.5.1.1 Increased investments in the mining industry of emerging economies 37
5.5.1.2 Emerging automated lubrication systems 38
5.6 CHALLENGES 38
5.6.1.1 Stringent government regulations 38
5.7 PORTER’S FIVE FORCES ANALYSIS 38
5.7.1 THREAT OF NEW ENTRANTS 39
5.7.2 THREAT OF SUBSTITUTES 39
5.7.3 BARGAINING POWER OF SUPPLIERS 39
5.7.4 BARGAINING POWER OF BUYERS 39
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 40
6 MINING LUBRICANTS MARKET, BY EQUIPMENT FUNCTION 41
6.1 INTRODUCTION 41
6.2 ENGINE 41
6.3 HYDRAULIC 41
6.4 TRANSMISSION 41
6.5 GEAR 41
7 MINING LUBRICANTS MARKET, BY MINING TECHNIQUES 42
7.1 INTRODUCTION 42
7.2 SURFACE MINING 42
7.3 UNDERGROUND MINING 42
8 MINING LUBRICANTS MARKET, BY TYPE 43
8.1 INTRODUCTION 44
8.2 MINERAL OIL 45
8.3 SYNTHETIC LUBRICANTS 47
9 MINING LUBRICANTS MARKET, BY END-USE INDUSTRY 49
9.1 INTRODUCTION 50
9.2 COAL MINING 51
9.3 IRON ORE MINING 52
9.4 BAUXITE MINING 53
9.5 RARE EARTH MINERAL MINING 54
9.6 PRECIOUS METALS MINING 55
9.7 OTHERS 56

10 REGIONAL ANALYSIS 58
10.1 INTRODUCTION 59
10.2 ASIA-PACIFIC 61
10.2.1 CHINA 64
10.2.2 INDIA 65
10.2.3 INDONESIA 66
10.2.4 KAZAKHSTAN 68
10.2.5 VIETNAM 69
10.2.6 AUSTRALIA & NEW ZEALAND 70
10.2.7 REST OF ASIA-PACIFIC 72
10.3 EUROPE 74
10.3.1 RUSSIA 77
10.3.2 GERMANY 78
10.3.3 U.K. 79
10.3.4 POLAND 81
10.3.5 ITALY 82
10.3.6 FRANCE 83
10.3.7 UKRAINE 85
10.3.8 REST OF EUROPE 86
10.4 NORTH AMERICA 88
10.4.1 U.S. 91
10.4.2 CANADA 92
10.4.3 MEXICO 93
10.5 MIDDLE EAST & AFRICA 95
10.5.1 SAUDI ARABIA 98
10.5.2 SOUTH AFRICA 99
10.5.3 EGYPT 100
10.5.4 UAE 102
10.5.5 REST OF MIDDLE EAST & AFRICA 103
10.6 SOUTH AMERICA 105
10.6.1 BRAZIL 108
10.6.1 CHILE 109
10.6.2 PERU 110
10.6.3 REST OF SOUTH AMERICA 112
11 COMPETITIVE LANDSCAPE 114
11.1 OVERVIEW 114
11.2 KEY GROWTH STRATEGIES IN THE MINING LUBRICANTS MARKET, 2012–2017 116
11.3 MARKET RANKING OF KEY PLAYERS 116
11.4 COMPETITIVE SITUATION AND TRENDS 118
11.4.1 EXPANSIONS 118
11.4.2 ACQUISITIONS 121
11.4.3 NEW PRODUCT LAUNCHES 122
11.4.4 AGREEMENTS 123
12 COMPANY PROFILES 124
(BUSINESS OVERVIEW, PRODUCTS & SERVICES, KEY INSIGHTS, RECENT DEVELOPMENTS, SWOT ANALYSIS, MNM VIEW)*
12.1 ROYAL DUTCH SHELL PLC 124
12.2 BP PLC 127
12.3 CHEVRON CORPORATION 130
12.4 EXXONMOBIL CORPORATION 134
12.5 TOTAL S.A. 137
12.6 FUCHS PETROLUB SE 140
12.7 PETROCHINA COMPANY LIMITED 142
12.8 QUAKER CHEMICAL CORPORATION 143
12.9 SINOPEC LIMITED 145
12.10 IDEMITSU KOSAN CO., LTD. 147
12.11 LUKOIL 150
12.12 BEL-RAY COMPANY, LLC 152
12.13 WHITMORE MANUFACTURING CO. 156
12.14 SCHAEFFER MANUFACTURING CO. 158
12.15 KLUBER LUBRICATION 161
12.16 OTHER KEY PLAYERS IN THE VALUE CHAIN 164
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 167
13.1 DISCUSSION GUIDE 167
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 170
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 172
13.4 AVAILABLE CUSTOMIZATIONS 173
13.5 RELATED REPORTS 173
13.6 AUTHOR DETAILS 174

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