鉱業用潤滑油市場レポート：製品別、機器機能別、採掘技術別、用途別、地域別、2024～2032年

世界の鉱業用潤滑油市場規模は2023年に25億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに34億米ドルに達し、2024～2032年の間に3.6％の成長率（CAGR）を示すと予測しています。鉱物・金属需要の増加、新興経済諸国における採掘活動の拡大、採掘技術の進歩、厳しい環境規制、予知保全の動向、自動化の進展、コスト最適化の重視、バイオベース潤滑油の需要急増、インフラ整備への投資の急増などが市場成長を加速させる要因です。

鉱業用潤滑油市場分析：

主要市場促進要因：さまざまな要因が鉱業用潤滑油市場の世界シェアを押し上げています。効率性と生産性の向上を目的とした採掘の機械化が進み、高度な潤滑油の需要が高まっています。新しい鉱業機械は技術的に高度化しているため、ダウンタイムを最小限に抑えて円滑に稼動させるためには高性能の潤滑剤が必要であり、これが製品需要を押し上げています。市場はまた、特に新興経済国での鉱業投資の増加によっても刺激されています。エネルギー効率に優れ、環境に優しいソリューションの模索が続く中、合成潤滑油の需要は高いです。市場を牽引しているのは、気候変動による高い性能要求であり、これによって各国は厳しい環境法を制定しています。さらに、過酷な条件下での潤滑油の必要性が高まっており、鉱業用潤滑油市場の成長に明るい展望が生まれています。

主要市場動向：機械の自動化と遠隔監視が普及するにつれて、適切な特殊潤滑油の必要性が高まっています。自動化の動向は、環境規制の強化により、メーカーが旧来の鉱物性潤滑油からバイオベースや環境に優しい選択肢に目を向けるきっかけとなっています。さらに、ほぼすべての産業で予知保全が拡大しており、潤滑油の性能と機械の状態を測定するデータ分析の可能性がさらに高まっています。これとは別に、企業は潤滑油メーカーとパートナーシップを結び、新しいソリューションの開発や既存のソリューションの改善に取り組んでおり、これも重要な鉱業用潤滑油市場の動向です。その他、技術の高度化、効率化、急速な技術進歩などが、市場の成長を後押ししています。

地域別動向：地域別市場シェアでは、アジア太平洋が世界最大です。鉱物資源の埋蔵量は、世界における中国の採掘活動の支配に貢献しています。様々な産業で鉱物の需要が最も高いため、鉱業セグメントでは好調です。オーストラリアもまた、長い歴史を持つ鉱業セクターのため傑出した国であり、鉱業用潤滑油の需要をさらに押し上げています。同じケースはインドの鉱業部門にも当てはまり、同国の鉱業部門がまだ増加していることを考慮すると、インドの鉱業部門も同様です。また、インドには鉱業セクターの優良企業が数社あります。また、鉱業プロジェクトへの投資文化が鉱業用潤滑油の需要を喚起しています。鉱業用潤滑油市場の他の上位地域は北米と欧州です。

競合情勢：市場の競合情勢は、BP p.l.c.、Chevron Corporation、China Petroleum &Chemical Corporation、ExxonMobil Corporation、Fuchs Group Holding GmbH、Kluber Lubrication（Freudenberg &Co. Kommanditgesellschaft）、PetroChina Company Limited、Quaker Chemical Corporation、Royal Dutch Shell Plc、Total SEなどの主要な鉱業用潤滑油企業の存在によって特徴付けられます。

課題と機会：鉱業用潤滑油市場は、原材料価格の変動や潤滑油廃棄などの環境問題など、いくつかの市場課題を抱えています。メーカーがより厳格で厳しい環境基準を満たし、潤滑油の持続可能性を確保しようと努力する中、これらの企業にとって市場課題が浮上し続けています。それでも、ここにはまだ機会があります。バイオや環境に優しい要素を利用したエコ潤滑油の探求は有望であり、拡大の余地が大きいです。同様に、鉱業セクターの自動化・デジタル化が進むにつれ、進歩する技術を支える潤滑剤の強化が強く求められています。さらに、鉱業用潤滑油業界は歴史が浅く、鉱業事業の新興国市場開拓や、まだ手を付けられていない鉱物埋蔵量を考えると、大きな成長機会となります。

鉱業用潤滑油市場動向：

鉱物と金属に対する需要の増加

世界の鉱業用潤滑油市場の主要な促進要因のひとつは、建設、自動車、製造などの産業による鉱物・金属へのニーズの増大です。これらの産業は、金属製品の主要材料である鉄、銅、アルミニウムなどの原材料に依存しています。加えて、消費財の需要が高まっているため、その製造に必要な原材料を採掘するための大規模な採掘活動を支援する必要性が生じており、これがさらに前向きな鉱業用潤滑油市場展望をもたらしています。その結果、鉱業事業への圧力が高まり、より多くの製品を生み出し、生産効率を向上させるために高性能潤滑剤を使用するよう促しており、これも市場の成長を促す要因となっています。前述の潤滑剤は、可動部品間の摩擦を低減することで、鉱業機械が設計通りに動くようにするための貴重な材料です。

新興経済国での採掘活動の拡大

世界の鉱業用潤滑油市場を牽引するもう一つの重要な要因は、新興市場への探査・採掘活動の広がりです。中国、インド、南アフリカ、ブラジルなどの新興経済諸国は、膨大な資源を鉱業開発に投入し、自国の領土に埋蔵される膨大な鉱物資源を開発しようとしています。たとえばインドでは、2023年4月から2023年9月までの鉱物生産量の伸びは、全体で8.7%に達します。資源の大半は、国内産業における原材料の高い需要を満たし、輸出の機会を探るために使用されます。これらの地域の鉱業は驚異的なスピードで発展しており、高度な機械設備への依存を高めています。機械は過酷な条件にさらされ、ほぼノンストップで稼動し、燃料補給のためだけに停止するため、高品質の潤滑剤が必要とされています。

採掘技術の進歩

採掘の設備容量の増大と最新技術の進歩、高度な機械化が、高性能潤滑剤の使用の必要性を生み出しています。鉱業用潤滑剤は、鉱業における技術の進歩により、鉱業に関連する多くのプロセスが可能になり、簡素化されたため、長年にわたって高度に利用されてきました。ほとんどの鉱業は、遠隔監視装置の設置や作業の自動化などの先進技術を導入し、より良い安全性、環境、操業慣行を確保するための高度な機械への投資を可能にしてきました。しかし、洗練された機械は、機器の稼働を維持するために高性能の潤滑剤を必要としています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブ概要

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界の鉱業用潤滑油市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：製品別

• 鉱物油潤滑剤
• 合成潤滑剤
• バイオベース潤滑剤

第7章 市場内訳：機器機能別

• エンジン
• 油圧
• トランスミッション
• ギア

第8章 市場内訳：採掘技術別

• 露天採掘
• 地下採掘

第9章 市場内訳：用途別

• 石炭採掘
• ボーキサイト採掘
• 鉄鉱石採掘
• 貴金属採掘
• 希土類鉱物採掘
• その他

第10章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • BP p.l.c.
  • Chevron Corporation
  • China Petroleum & Chemical Corporation
  • ExxonMobil Corporation
  • Fuchs Group Holding GmbH
  • Kluber Lubrication（Freudenberg & Co. Kommanditgesellschaft）
  • PetroChina Company Limited
  • Quaker Chemical Corporation
  • Royal Dutch Shell Plc
  • Total SE

List of Figures

• Figure 1: Global: Mining Lubricants Market: Major Drivers and Challenges
• Figure 2: Global: Mining Lubricants Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Mining Lubricants Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Mining Lubricants Market: Breakup by Product (in %), 2023
• Figure 5: Global: Mining Lubricants Market: Breakup by Equipment Function (in %), 2023
• Figure 6: Global: Mining Lubricants Market: Breakup by Mining Techniques (in %), 2023
• Figure 7: Global: Mining Lubricants Market: Breakup by Application (in %), 2023
• Figure 8: Global: Mining Lubricants Market: Breakup by Region (in %), 2023
• Figure 9: Global: Mining Lubricants (Mineral Oil Lubricants) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Mining Lubricants (Mineral Oil Lubricants) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Mining Lubricants (Synthetic Lubricants) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Mining Lubricants (Synthetic Lubricants) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Mining Lubricants (Bio-Based Lubricants) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Mining Lubricants (Bio-Based Lubricants) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Mining Lubricants (Engine) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Mining Lubricants (Engine) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Mining Lubricants (Hydraulic) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Mining Lubricants (Hydraulic) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Mining Lubricants (Transmission) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Mining Lubricants (Transmission) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Mining Lubricants (Gear) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Mining Lubricants (Gear) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: Global: Mining Lubricants (Surface Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: Global: Mining Lubricants (Surface Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: Global: Mining Lubricants (Underground Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: Global: Mining Lubricants (Underground Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Global: Mining Lubricants (Coal Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Global: Mining Lubricants (Coal Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Global: Mining Lubricants (Bauxite Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Global: Mining Lubricants (Bauxite Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: Global: Mining Lubricants (Iron Ore Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: Global: Mining Lubricants (Iron Ore Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Global: Mining Lubricants (Precious Metals Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Global: Mining Lubricants (Precious Metals Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: Global: Mining Lubricants (Rare Earth Mineral Mining) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: Global: Mining Lubricants (Rare Earth Mineral Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: Global: Mining Lubricants (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: Global: Mining Lubricants (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: North America: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: North America: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: United States: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: United States: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Canada: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Canada: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Asia-Pacific: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Asia-Pacific: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: China: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: China: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: Japan: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: Japan: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: India: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: India: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: South Korea: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: South Korea: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Australia: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Australia: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Indonesia: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Indonesia: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Others: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Others: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Europe: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Europe: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Germany: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Germany: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: France: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: France: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: United Kingdom: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: United Kingdom: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Italy: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Italy: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: Spain: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 72: Spain: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: Russia: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 74: Russia: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 75: Others: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 76: Others: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 77: Latin America: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 78: Latin America: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 79: Brazil: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 80: Brazil: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 81: Mexico: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 82: Mexico: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 83: Others: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 84: Others: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 85: Middle East and Africa: Mining Lubricants Market: Sales Value (in Million US$), 2018 & 2023
• Figure 86: Middle East and Africa: Mining Lubricants Market: Breakup by Country (in %), 2023
• Figure 87: Middle East and Africa: Mining Lubricants Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 88: Global: Mining Lubricants Industry: SWOT Analysis
• Figure 89: Global: Mining Lubricants Industry: Value Chain Analysis
• Figure 90: Global: Mining Lubricants Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Mining Lubricants Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Mining Lubricants Market Forecast: Breakup by Product (in Million US$), 2024-2032
• Table 3: Global: Mining Lubricants Market Forecast: Breakup by Equipment Function (in Million US$), 2024-2032
• Table 4: Global: Mining Lubricants Market Forecast: Breakup by Mining Techniques (in Million US$), 2024-2032
• Table 5: Global: Mining Lubricants Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 6: Global: Mining Lubricants Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 7: Global: Mining Lubricants Market: Competitive Structure
• Table 8: Global: Mining Lubricants Market: Key Players

The global mining lubricants market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. Increasing demand for minerals and metals, expanding mining activities in emerging economies, advancements in mining technologies, stringent environmental regulations, the trend of predictive maintenance, rise in automation, emphasis on cost optimization, surging demand for bio-based lubricants, and escalating investments in infrastructure development are some of the factors accelerating the market growth.

Mining Lubricants Market Analysis:

Major Market Drivers: Various factors fuel the global mining lubricants market share, including the growing mechanization in mining for improved efficiency and productivity increases the demand for advanced lubricants. Since new mining equipment is becoming more technologically advanced, they need high-performance lubricants to operate smoothly with minimal downtime, which in turn is propelling the product demand. The market is also stimulated by the increasing investment in mining, especially in emerging economies. As the search for energy-efficient and environmentally friendly solutions continues, there is a high demand for synthetic lubricants. The market is driven by high performance requirements due to climate change, which makes countries enact stringent environmental laws. Moreover, the need for lubricants to work in extreme conditions is increasing, which is creating a positive outlook for the mining lubricants market growth.

Key Market Trends: As the automation and remote monitoring of machines become more widespread, the need for appropriate specialized lubricants grows. Automation trends have led to manufacturers leaving the old mineral lubricants and turning to bio-based and eco-friendly options due to enhanced environmental regulation. Additionally, predictive maintenance is growing across almost all industries, further boosting the possibilities for data analytics to be used on measuring lubricant performance and machinery conditions. Apart from this, companies are involving in partnerships with lubricant producers to develop new and improve existing solutions, which is another crucial mining lubricants market trends. Other factors, such as the increasing technological sophistication and efficiency and rapid technological advancements, are favoring the market growth.

Geographical Trends: In terms of regional market share, the Asia-Pacific is the largest in the global mining lubricants market. Mineral reserves contribute to the domination of China's mining activities around the world. With the highest demand for minerals in various industries, the country is doing well in the mining sector. Australia is an outstanding country too due to its long-established mining sectors, which is further driving the mining lubricants demand. The same case applies to India's mining sector, considering that the mining sector in the country is still increasing. The countries also host several prime companies in the mining sector. They also have an investiture culture in mining projects sparking demand for mining lubricants. The other top regions for the mining lubricants market are North America and Europe.

Competitive Landscape: The competitive landscape of the market is characterized by the presence of key mining lubricants companies, such as BP p.l.c., Chevron Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation, Fuchs Group Holding GmbH, Kluber Lubrication (Freudenberg & Co. Kommanditgesellschaft), PetroChina Company Limited, Quaker Chemical Corporation, Royal Dutch Shell Plc, Total SE, etc.

Challenges and Opportunities: The mining lubricants market is fraught with several market challenges, such as the fluctuating prices of raw materials and environmental concerns such as lubricant disposal. As manufacturers strive to meet more rigorous and harsher environmental standards and ensure lubricant sustainability, market challenges continue to emerge for these firms. Nonetheless, there is still an opportunity here. The quest for eco-lubricant lubes utilizing bio and eco-friendly elements is promising, with substantial room for augmentation. Similarly, as the mining sector becomes increasingly automated and digitized, there is a strong need for enhanced lubrication to back the advancing technology. Moreover, the mining lubricants industry is young, and given the development of mining operations into fresh new markets and mineral reserves that have not yet been touched, it presents a great opportunity for growth.

Mining Lubricants Market Trends:

Increasing Demand for Minerals and Metals

One of the key drivers of the global mining lubricants market is the increasing need for minerals and metals by industries, including construction, automotive, and manufacturing. These industries rely on raw materials such as iron, copper, and aluminum, which are key materials for metallic products. In addition, the escalating demand for consumer goods has necessitated the need to support extensive mining activities to extract the raw materials required to manufacture them, which is further providing a positive mining lubricants market outlook. Consequently, the pressure on mining businesses is growing, prompting them to generate more products and using high-performance lubricants to improve production efficiency, which is another growth-inducing factor for the market. The mentioned lubricants are valuable ingredients in ensuring mining equipment works as designed by reducing friction between moving components.

Expansion of Mining Activities in Emerging Economies

Another vital factor driving the global mining lubricants market is the spread of exploration and mining activities into emerging markets. Emerging economies such as China, India, South Africa, and Brazil are channeling vast resources into developing their mining industries to exploit the enormous mineral deposits in their territories. For example, in India, the overall growth in mineral production from April 2023 to September 2023 saw a total of 8.7%. Most of the resources will be used to meet the high demand for raw materials in the domestic industries and explore exportation opportunities. The mining industries in these regions are developing at alarming rates, leading to increased reliance on advanced machinery and equipment. The machines are exposed to severe conditions and operate almost non-stop, only stopping to refuel, which calls for the need for high-quality lubricants.

Advancements in Mining Technologies

The mining industry's growing installed capacity and modern technological advancements, as well as high mechanization, have created the need for the use of high-performance lubricants. Mining lubricants have been highly utilized over the years due to the technological advancements in the mining industry that have made possible and simplified many processes associated with mining. Most mining industries have implemented advanced technologies that include having remote monitoring equipment and the automation of activities, that have enabled them to invest in advanced machinery in ensuring better safety, environmental, and operational practices. However, the sophisticated machinery has required high-performance lubricants to keep the equipment in operation.

Mining Lubricants Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the product, equipment function, mining techniques, and application.

Breakup by Product:

Mineral Oil Lubricants

Synthetic Lubricants

Bio-Based Lubricants

Mineral oil lubricants accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes mineral oil lubricants, synthetic lubricants, and bio-based lubricants. According to the report, mineral oil lubricants represented the largest segment.

The mineral oil lubricants segment is driven by the increasing availability and affordability of mineral oil-based products, making them a cost-effective option for mining companies. Their widespread availability ensures a steady supply to meet the high demand in the mining industry. Additionally, the superior lubrication properties of mineral oils, including excellent thermal stability and viscosity control, make them highly effective in protecting mining equipment under harsh operating conditions. Moreover, continuous advancements in mineral oil formulations enhance their performance and extend equipment lifespan, reducing maintenance costs. The established infrastructure for the production and distribution of mineral oil lubricants further supports their dominance in the market.

Breakup by Equipment Function:

Engine

Hydraulic

Transmission

Gear

The report has provided a detailed breakup and analysis of the market based on the equipment function. This includes engine, hydraulic, transmission, and gear.

The engine segment is driven by the increasing demand for high-performance lubricants that can withstand extreme temperatures and heavy loads in mining machinery. The efficiency and longevity of engines in mining equipment are critical, necessitating lubricants that offer superior protection against wear, corrosion, and oxidation. Furthermore, advancements in engine technologies and the growing emphasis on reducing maintenance costs and downtime are propelling the demand for specialized engine lubricants. The focus on enhancing fuel efficiency and meeting stringent emission regulations also contributes to the growth of this segment, as high-quality lubricants play a vital role in optimizing engine performance and compliance.

The hydraulic segment is driven by the increasing need for reliable and efficient hydraulic systems in mining operations. Hydraulic systems are crucial for the operation of various mining equipment, including excavators, loaders, and drills, which require lubricants that provide excellent anti-wear properties and thermal stability. Additionally, the emphasis on extending the service life of hydraulic components and minimizing equipment downtime is further supporting the growth of this segment, as specialized lubricants help maintain optimal performance under severe operating conditions.

The transmission segment is driven by the increasing need for lubricants that ensure smooth and efficient power transfer in mining machinery. Transmission systems in mining equipment operate under high stress and extreme conditions, requiring lubricants that offer exceptional friction control, wear protection, and thermal stability. Moreover, the focus on reducing operational costs and enhancing equipment reliability is encouraging the adoption of specialized transmission lubricants that help minimize maintenance requirements and extend the lifespan of transmission components.

The gear segment is driven by the increasing requirement for lubricants that can withstand high loads and provide superior protection against wear and corrosion in gear systems used in mining equipment. Gears are subject to intense pressure and harsh environmental conditions, making the need for high-quality lubricants essential for preventing gear failure and ensuring efficient operation. The adoption of advanced gear technologies and the emphasis on improving the performance and durability of gear systems are boosting the demand for specialized gear lubricants.

Breakup by Mining Techniques:

Surface Mining

Underground Mining

The report has provided a detailed breakup and analysis of the market based on mining techniques. This includes surface mining and underground mining.

The surface mining segment is driven by the increasing demand for minerals used in construction and manufacturing, necessitating efficient extraction processes. The use of large-scale machinery in surface mining operations, such as excavators and haul trucks, requires high-performance lubricants to ensure optimal functioning and reduce wear and tear. Additionally, advancements in mining equipment technology, emphasizing the need for specialized lubricants to handle extreme operating conditions, further boost the market. The trend towards environmentally sustainable practices also encourages the adoption of bio-based and eco-friendly lubricants in surface mining activities.

The underground mining segment is driven by the increasing need to access deeper mineral deposits, requiring advanced and reliable machinery to operate in confined and harsh environments. The complexity and intensity of underground mining operations demand lubricants that provide superior protection against extreme pressures, high temperatures, and contamination. Moreover, the implementation of stringent safety regulations and the focus on reducing operational downtime propel the use of high-quality, specialized lubricants. The growing adoption of automation and remote monitoring technologies in underground mining also enhances the demand for lubricants that can support sophisticated equipment and ensure continuous operation.

Breakup by Application:

Coal Mining

Bauxite Mining

Iron Ore Mining

Precious Metals Mining

Rare Earth Mineral Mining

Others

Coal mining accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on application. This includes coal mining, bauxite mining, iron ore mining, precious metals mining, rare earth mineral mining, and others. According to the report, coal mining represented the largest segment.

The coal mining segment is driven by the increasing global energy demand, which necessitates a steady supply of coal for electricity generation and industrial use. As countries strive to meet their energy needs and reduce reliance on oil and natural gas, coal remains a vital resource, especially in emerging economies with growing industrial sectors. This demand compels coal mining companies to enhance their operational efficiency, where high-performance lubricants play a crucial role in maintaining the machinery and equipment used in harsh mining conditions. Furthermore, stringent environmental regulations require the use of eco-friendly and efficient lubricants to minimize the environmental impact of mining activities. The adoption of advanced mining technologies and automation also demands specialized lubricants that can handle extreme temperatures, high loads, and continuous operation. Additionally, the increasing focus on safety and equipment reliability in coal mining operations further drives the demand for high-quality mining lubricants, ensuring optimal performance and reduced downtime.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest mining lubricants market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region is driven by the increasing demand for minerals and metals, fueled by rapid industrialization and urbanization, particularly in countries like China and India. This demand necessitates efficient mining operations, thus boosting the need for high-performance lubricants. Additionally, the region's expanding mining activities, supported by substantial investments in exploration projects, enhance the market growth. Governments in these countries are also implementing favorable policies and infrastructure development plans that encourage mining activities, thereby driving the demand for specialized lubricants. Furthermore, advancements in mining technologies, such as automation and remote monitoring, require advanced lubricants to ensure optimal equipment performance. The stringent environmental regulations in the region are prompting mining companies to adopt eco-friendly lubricants, contributing to market growth. Apart from this, the focus on cost optimization and operational efficiency in the mining sector is leading to an increased adoption of high-performance lubricants that reduce maintenance costs and extend equipment life.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the mining lubricants include BP p.l.c., Chevron Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation, Fuchs Group Holding GmbH, Kluber Lubrication (Freudenberg & Co. Kommanditgesellschaft), PetroChina Company Limited, Quaker Chemical Corporation, Royal Dutch Shell Plc, Total SE, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Key players in the mining lubricants market are actively engaging in strategic initiatives to strengthen their market presence and meet the evolving demands of the industry. They are investing heavily in research and development (R&D) to formulate advanced lubricants that offer superior performance under extreme conditions, ensuring equipment longevity and operational efficiency. These companies are also focusing on expanding their product portfolios with eco-friendly and bio-based lubricants to comply with stringent environmental regulations and cater to the growing demand for sustainable solutions. Additionally, they are enhancing their global distribution networks through strategic partnerships and acquisitions to improve market reach and customer service. To stay competitive, they are adopting digital technologies and predictive maintenance strategies that leverage data analytics to optimize lubrication solutions and reduce downtime. Marketing efforts are also being intensified to promote the benefits of their high-performance lubricants, emphasizing cost savings and increased productivity for mining operations.

Mining Lubricants Market News:

In 2024: ADNOC and BP p.l.c announced that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair's deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio.

In 2023: ExxonMobil Corporation announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast., which costed about US$ 2 billion.

Key Questions Answered in This Report

• 1. What was the size of the global mining lubricants market in 2023?
• 2. What is the expected growth rate of the global mining lubricants market during 2024-2032?
• 3. What are the key factors driving the global mining lubricants market?
• 4. What has been the impact of COVID-19 on the global mining lubricants market?
• 5. What is the breakup of the global mining lubricants market based on the product?
• 6. What is the breakup of the global mining lubricants market based on the application?
• 7. What are the key regions in the global mining lubricants market?
• 8. Who are the key players/companies in the global mining lubricants market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Mining Lubricants Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product

• 6.1 Mineral Oil Lubricants
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Synthetic Lubricants
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Bio-Based Lubricants
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Equipment Function

• 7.1 Engine
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Hydraulic
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Transmission
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Gear
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Mining Techniques

• 8.1 Surface Mining
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Underground Mining
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by Application

• 9.1 Coal Mining
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Bauxite Mining
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Iron Ore Mining
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Precious Metals Mining
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Rare Earth Mineral Mining
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Others
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 BP p.l.c.
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
    • 15.3.1.4 SWOT Analysis
  • 15.3.2 Chevron Corporation
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 China Petroleum & Chemical Corporation
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
    • 15.3.3.3 Financials
    • 15.3.3.4 SWOT Analysis
  • 15.3.4 ExxonMobil Corporation
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
    • 15.3.4.3 Financials
    • 15.3.4.4 SWOT Analysis
  • 15.3.5 Fuchs Group Holding GmbH
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
    • 15.3.5.4 SWOT Analysis
  • 15.3.6 Kluber Lubrication (Freudenberg & Co. Kommanditgesellschaft)
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 PetroChina Company Limited
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 Quaker Chemical Corporation
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
    • 15.3.8.3 Financials
    • 15.3.8.4 SWOT Analysis
  • 15.3.9 Royal Dutch Shell Plc
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
    • 15.3.9.3 Financials
  • 15.3.10 Total SE
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
    • 15.3.10.4 SWOT Analysis