Mining Lubricants Market worth 2.56 Billion USD by 2022

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MarketsandMarkets Presents
Mining Lubricants Market by End-Use Industry,
Type Region - Global Forecast to 2022

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Mining Lubricants Market worth 2.56 Billion USD
by 2022
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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Mining Lubricants Market worth 2.56 Billion USD
by 2022
Browse gtgt 165 data tables
51 figures
174 Pages in-depth TOC on Mining Lubricants
Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. 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. Report Price Single User
License US 5650 Corporate User License US
8150
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Mining Lubricants Market worth 2.56 Billion USD
by 2022
The 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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Mining Lubricants Market worth 2.56 Billion USD
by 2022
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.
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Mining Lubricants Market worth 2.56 Billion USD
by 2022
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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Mining Lubricants Market worth 2.56 Billion USD
by 2022
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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Mining Lubricants Market worth 2.56 Billion USD
by 2022
Key Players - 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. Purchase a Copy of this Report Today !
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