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.

Browse 165 market data tables and 51 figures spread through 174 pages and in-depth TOC on "Mining Lubricants Market”.

The mineral oil lubricants segment led the global mining lubricants market in 2016
The mineral oil segment led the mining lubricants market in 2016. Low price of mineral oil lubricants is expected to drive this segment during the forecast period. Asia-Pacific is the largest market for mineral oil. The growth of this segment in Asia-Pacific is attributed to the increased consumption of mineral oil in the coal mining industry in emerging countries such as India and China.

The coal mining segment accounted for the largest share of the global mining lubricants market in 2016
The coal mining segment led the global mining lubricants market in 2016, due to the high consumption of heavy load equipment in the coal mining industry. The coal mining industry accounted for the largest share of 56.3%, in terms of value, of the overall mining lubricants market in 2016. The coal mining segment is driven by the high-performance lubricants, which offer high viscosity index, better corrosion prevention, and high resistance to oxidation.

Asia-Pacific was the largest market for the global mining lubricants market in 2016
Asia-Pacific was the largest market for 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 increasing coal mining activities in China and India are primarily responsible for the high consumption of mining lubricants.

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Growth of the mining industry, increase in the demand for coal in electricity generating applications, and the increasing demand for base metals such as copper, nickel, lead, zinc, and others are fueling the demand for mining lubricants. Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), BP Plc. (U.K.), Chevron Corporation (U.S.), LUKOIL (Russia), Idemitsu Kosan Co., Ltd. (Japan), and Total S.A. (France), are some of the leading players operating in this market.

The key players operational in the mining lubricants markets are focusing on expansions, acquisitions, and new product launches to cater the demand across various applications. Royal Dutch Shell Plc. (Netherlands) and Total S.A. (France) have reported the highest number of developments in the global mining lubricants market in recent years.

In November 2015, Shell opened its largest internationally operated lubricants plant in Indonesia. This plant will produce leading lubricants brands, such as, Shell Helix (passenger car motor oil), Shell Advance (motorcycle oil), Shell Rimula (heavy duty engine oil), Shell Spirax (transmission oil), as well as other industrial lubricants. These products will support Indonesia’s growing demand for vehicle motor oils as well as other lubricants for application in sectors such as mining, power generation, transportation, and the growing infrastructure building.

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