Mineral oil lubricants segment led the global mining lubricants market

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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.

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Mining Lubricants Market:

Mining Lubricants Market Mining Lubricants Market by End-Use Industry, Type, and Region - Global Forecast to 2022 View Full Report @ https://bit.ly/2Tjzt0X

Introduction:

Introduction Mining lubricants are used in a variety of mining machines such as hydraulic systems, turbines, compressors, bearings, open and closed gears, machine tool slide ways, pneumatic tools, mining transmissions, and others. 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. View Full Report @ https://bit.ly/2Tjzt0X

Drivers & Restrains:

Drivers & Restrains Mineral oil lubricants are available in light and heavy grades depending on the usage and requirement. They are produced in large quantities because of its high usage in various mining applications. The rising trend towards usage of automated lubricants system offers a lucrative opportunity for manufacturers to attract more customers. 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. View Full Report @ https://bit.ly/2Tjzt0X

Industry Insights:

Industry Insights The mineral oil segment led the mining lubricants market, in 2016. Low price of mineral oil lubricants is expected to drive the market for 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 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 improved quality high performance lubricants, which offer high viscosity index, better corrosion prevention, and high resistance to oxidation. View Full Report @ https://bit.ly/2Tjzt0X

Regional Insights :

Regional Insights 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. View Full Report @ https://bit.ly/2Tjzt0X

Key Players:

Key Players The key players operational in the mining lubricants markets are focusing on expansions, acquisitions, and new product launches to cater the demand across various applications. Royal Dutch Shell Plc. (Netherlands) and Total S.A. (France) have reported the highest number of developments in the global mining lubricants market in recent years. In November 2015, Shell opened its largest internationally operated lubricants plant in Indonesia. This plant will produce leading lubricants brands, such as, Shell Helix (passenger car motor oil), Shell Advance (motorcycle oil), Shell Rimula (heavy duty engine oil), Shell Spirax (transmission oil), as well as other industrial lubricants. View Full Report @ https://bit.ly/2Tjzt0X

About Us:

About Us MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging 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 Markets and Markets™ for their pain points 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. View Full Report @ https://bit.ly/2Tjzt0X

How Markets & Markets is different?:

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