Mining Lubricants Market 2022 (1)

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Mining Lubricants Market Poised to reach 2.56
Billion USD by 2022
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• 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.
• Early buyers will receive 10 customization on
  this report.

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• Browse 165 market data tables and 51 figures
  spread through 174 pages and in-depth TOC
  on "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"https//www.marketsandmarkets.com/Market-Re
  ports/mining-lubricant-market-178929657.htmlThe
  growth of the mining lubricants market is driven
  by the increasing demand from the Asia-Pacific
  and Middle East Africa 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 the mining lubricants market
  during the forecast period. The rising trend
  towards usage of automated lubricants system
  offers a lucrative opportunity for manufacturers
  to attract more customers.

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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.
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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. Key players operational in the
mining lubricants market include 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), among
others. For more information, ask for free
sample pages at https//www.marketsandmarkets.com/
speaktoanalyst.asp?id178929657
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• 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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ining-lubricant-market-178929657.html