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Global Market Trajectory & Analytics



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  •  DATE

    MAY 2020



  •  PAGES




  •  PRICE

    USD $5450


Impact of Pandemic & Economic Slowdown

Monitor Market Dynamics!
Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.

The global market for Mining Lubricants is projected to reach US$2.6 billion by 2025, driven by the progressivelyimproving outlook for the mining industry in the wake of consistently strong demand for iron ore, coal and other rare earth metals.Mining lubricants are widely used for providing viscosity to machines, lower friction and reduce heat between adjacent surfaces. Operators in the mining industry rely on various machines including haul trucks, shuttle cars, draglines, scoops, roofbolters, long-wall machines, shovels and loaders. These machines feature inbuilt systems such as heavy gears, bearings, transmission system and wire ropes that need to be regularly lubricated for efficient performance and reduced downtime. Lubricants for these applications need to have enhanced hydraulic stability, superior viscosity index, high boiling point, oxidation/corrosion resistance, enhanced thermal stability and ability to effectively absorb shock loads. Five commonplace lubrication related failure include over-lubrication; under-lubrication; use of wrong lubricant; unauthorized mixing of lubricants and lubricant contamination.With fluctuating metal prices, planning to maximize project profitability is key for survival. In this regard, effective asset management is key to boosting the bottom line of mining operations, and heavy machinery are important capital assets. Given that most machinery failures can be traced to lack of lubrication,mining lubricants play an important role in reducing equipment wear and tear,maximizing operational life and safeguarding machinery by reducing friction.These advantages are encouraging a large number of mining operators to invest in efficient lubricants for increasing performance and service life of the equipment, reduce downtime, ensure safe operations, boost productivity and push up bottom lines. Among the many risks facing the mining industry i.e. economic, political & environmental, interruptions due to ineffective asset management is the easiest to manage. The market is gaining from consistently increasing demand from mining industries, rising mining activities, and rapid industrialization and urbanization in developing economies. Factors like increasing electricity demand and the resulting consumption of coal for power generation along with rising demand for various base metals including nickel, copper, zinc and lead are driving drilling & exploration activities and mining equipment demand. The mining lubricants market is anticipated to exhibit substantial gains from rising mining activities, especially coal and iron ore mining, across countries like Brazil, China and India. In addition, increasing focus on high-performance and high-quality lubricants is anticipated to further augment the mining lubricants market. While the ongoing trend toward automated lubricants system presents lucrative opportunities for manufacturers, stringent regulations toward environmental protection are fueling the demand for bio-based mining lubricants. Bio-based products score high over mineral oil or petrochemicals based lubricants in terms of mechanical properties, recyclability, aqueous toxicity and biodegradability. The growing adoption of these sustainable products is likely to provide a significant impetus to the global mining lubricants market.
» Type (Mineral Oil & Bio-based Lubricants, Synthetic Lubricants) » Technique (Surface Mining, Underground Mining) » Equipment Function (Engine, Hydraulic, Transmission, Gear) » End-Use (Coal Mining, Iron Ore Mining, Bauxite Mining, Other End-Uses)
» World » USA » Canada » Japan » China » Europe » Germany » Russia » Rest of Europe » Asia-Pacific » Australia » India » Rest of Asia-Pacific » Latin America » Brazil » Mexico » Rest of Latin America » Middle East » Africa


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