Mining Lubricants Market Value To Reach USD 3.09 Billion By 2025 : Grand View Research Inc.
San Francisco, 1 November 2019: The Report Mining Lubricants Market Analysis By Type (Mineral Oil, Synthetic & Bio-Based Lubricants), By Application (Coal Mining, Iron Ore Mining, Bauxite Mining, Precious Metal Mining), By Region & Segment Forecasts, 2018 – 2025 The global mining lubricants market is expected to attain USD 3.09 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 4.6% over the forecast period, owing to rising demand for mining lubricants as it helps in reducing the downtime due to frequent oil changes, maintenance and components failures as well as economizing high cost of equipmentwill propel industry expansion over the forecast period. Growth of drilling and exploration activities on a global level, as well as increased demand for mining equipment has a direct and positive impact on mining lubricants demand. In addition, Stringent regulations imposed by government bodies towards enviro