A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Mining
Lubricants
Market. The
study, titled “Mining
Lubricants Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
The
mining industry underwent a transformation, from underground mining
to open pit mining, during the 20th century. Open pit mining has
become common in developed countries. Haul trucks, draglines, shuttle
cars, roofbolters, scoops, loaders, longwall machines, and shovels
are some of the machines used in mining. These machines possess
heavy gear system, wire ropes, bearings, and transmission system.
These need to be lubricated from time to time. A lubricant should be
such that it decreases maintenance costs and increases the machine
life. It must have high viscosity index, corrosion prevention, high
boiling point, resistance to oxidation, ability to absorb shock
loads, good thermal stability, and hydraulic stability. The mining
lubricants market relies on mining activities. Expansion of the
mining lubricants market depends upon the number of mining
activities.
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Market Research Report @
Based
on application, the mining lubricants market can be segmented into
open gears, wire rope, gear boxes, and bearings. The open gears
segment dominates the mining lubricants market. Open gears system
suffers from wear and pitting because of insufficient lubrication.
Asphaltic-based lubricants and synthetic type lubricants are most
commonly used in open gears system. Synthetic lubricants do not
contain heavy metals. They are environmentally-friendly and are
designed to protect from heavy shock loads on open gears system.
Mining gear boxes tend to overload. This causes premature failures. A
suitable gear oil with properties such as protection due to shock
loadings and protection from water contamination should be applied.
Lubricant with improper sealing mechanism contaminates the bearing
boxes and results in bearing failures.
Based
on end-use industry, the mining lubricants market can be divided into
coal ore, iron ore, and other earth minerals. Production of coal ore
is higher than that of iron ore and other earth metals. Hence, the
coal ore segment leads the mining lubricants market. High energy
consumption and industrial growth are anticipated to boost the mining
lubricants market.
Based
on region, the mining lubricants market can be classified into North
America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. Mining activities in Asia Pacific, especially in China,
India, and Australia, are high. Therefore, these countries dominate
the mining lubricants market in Asia Pacific. China leads the use of
mining lubricants due to the high production of coal ore and iron ore
in the country. Asia Pacific is followed by North America.
Key
players operating in the mining lubricants market are Total Oil
(Australia), Exxon Mobile Lubricants & Specialties (the U.S.),
Royal Dutch Shell Plc. (the Netherlands), Chevron (the U.S.),
Perma-tec GmbH & Co. KG (Germany), Quaker Chemical Corporation
(the U.S.), Petro Canada Lubricants Inc (Canada), BP Lubricants (the
U.S.), Conoco Phillips Inc (the U.S.), Aarna Lube Private Limited
(India), Lubrication Engineers, Inc. (the U.S.), Engen Botswana
Limited (South Africa), Vivo Energy (Mauritius), and Interlube
Limited (the U.K.). Large players operating in the mining lubricants
market design their products. Total Oil is one of the major players
in the mining lubricants market. It manufactures and supplies
lubricants across the globe. The company’s lubricants have a long
life and ensure complete protection to the mining equipment.
Total
Oil provides lubricants to drag lines, loaders, excavators, haul
trucks, and diggers, among others. Petro Canada Lubricants Inc
develops products for underground mining and open pit mining. For
underground mining, the company uses VULTREX Rock Drill EP000, which
is designed for in-line pneumatic systems and mist-free lubrication
of rock drills. It markets products under the brand names VULTREX OGL
Synthetic Arctic, an open gear lubricant for cold regions, VULTREX
OGL Synthetic All Season, an open gear lubricant for all seasons, and
PRODURO for gears and bearings. Volatility in prices of raw
materials, environmental upkeeps, and instability in government
policies related to the mining industry are some of the restraints of
the mining lubricants market.
Get
accurate market forecast and analysis on the Mining Lubricants
market. Request a sample to stay abreast on the key trends impacting
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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