The mineral oil lubricants segment led the global mining lubricants marketPosted by RahulSharma on February 27th, 2020 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". Browse 165 market data tables and 51 figures spread through 174 pages and in-depth TOC on "Mining Lubricants Market”. Request report sample @ https://bit.ly/2DV6CLl 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 of mining lubricants in 2016 and is estimated to grow at the highest CAGR during the forecast period. The high growth of the emerging economies make Asia-Pacific an attractive market for mining lubricant. The tremendous growth of coal mining activities in China and India, are primarily responsible for the high consumption of mining lubricants. Do Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=178929657 Key players operating in the mining lubricants market are 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, have adopted various strategies to increase their market shares. Expansions, acquisitions, and new product launches are some of the key strategies adopted by market players to achieve growth in the mining lubricants market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact MarketsandMarkets™: Like it? Share it! More by this author |