Mining Lubricants Market Size Is Expected To Reach USD 8.96 Billion By 2030
San Francisco, 12 Jan 2023: The Report Mining Lubricants Market Size, Share & Trends Analysis Report By Product (Mineral Oil, Synthetic, Bio-based), By Application (Coal Mining, Iron Ore Mining), By Region, And Segment Forecasts, 2022 - 2030 The global mining lubricants market size is estimated to reach USD 8.96 billion by 2030, growing at 3.8% CAGR, according to a new report by Grand View Research, Inc. The rising consumer awareness about the advantages of adopting automatic lubrication systems remains the prominent growth driver. Mining companies worldwide are gradually transitioning from inefficient manual lubrication techniques to highly effective automatic lubrication procedures. This switch from manual to automatic lubrication systems continues to fuel the growth of the lubricant market globally. Mineral oil mining lubricants are often used for multipurpose lubrication of mechanical components such as slides, chains, bearings, gears, and othe...