May 10 2017
Research and Markets has announced the addition of the "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" report to their offering.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Mining Lubricants Market, By Equipment Function
7 Mining Lubricants Market, By Mining Techniques
8 Mining Lubricants Market, By Type
9 Mining Lubricants Market, By End-Use Industry
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- BP PLC
- Bel-Ray Company, LLC
- Chevron Corporation
- Exxonmobil Corporation
- Fuchs Petrolub SE
- Idemitsu Kosan Co., Ltd.
- Kluber Lubrication
- Lukoil
- Petrochina Company Limited
- Quaker Chemical Corporation
- Royal Dutch Shell PLC
- Schaeffer Manufacturing Co.
- Sinopec Limited
- Total S.A.
- Whitmore Manufacturing Co.
Source: http://www.researchandmarkets.com/research/6m4x26/mining_lubricants