Market Overview:
The global mineral lubricant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral lubricants from various end-use industries, such as machinery & equipment, automotive, and others. In terms of type, the 3# segment is expected to lead the global mineral lubricant market during the forecast period due to its high demand from end-use industries. However, the 5# segment is projected to grow at a higher CAGR than other types during the forecast period owing to its growing demand from developing countries in Asia Pacific and Latin America regions.
Product Definition:
A mineral lubricant is a substance that is used to reduce friction in machinery. This can be done by either coating the surfaces with the lubricant or filling the air spaces between them with it. Mineral lubricants are important because they can help machines run more smoothly and efficiently, which can lead to less wear and tear on the parts.
3#:
3# is a light yellow, water-soluble, solid form of mineral oil. It has the viscosity of vegetable oils and therefore can be used as an excellent lubricant in hydraulic systems. 3 # is produced by the catalytic cracking process of petroleum refinery waste feedstock (petroleum coke) which contains about 60% to 70% carbon content.
5#:
5# is the standard unit of lubricant used in mineral oil industry. It represents the viscosity at 100°F (38°C). Lubricants with a higher number 5 are thin and water-based, whereas those with a lower number represent thicker oils that are ideal for high-temperature applications.
Mineral oils containing more than 30% of polyalkylene glycols (PAG) are usually blended to obtain better performance at high temperatures.
Application Insights:
The machinery & equipment segment accounted for the largest share of over 40% in 2017. The growth can be attributed to the rising demand from construction, mining and agricultural sectors. In addition, increasing use of mineral lubricants in industrial machinery and equipment owing to its properties such as resistance towards oxidation is expected to drive the market growth over the forecast period.
Mineral lubricants are used for a wide range of applications including diesel engine oil replacement, high-performance engines and hydraulic systems among others. They are also used extensively in various automotive applications including transmission fluids, brake fluids, motor oils along with other niche segments such as luxury vehicles or sports cars among others where superior performance is required but not necessarily maximum horsepower at all costs which makes it a good compromise between performance and cost savings without compromising on either one of them completely depending upon application requirements.
Regional Analysis:
Asia Pacific dominated the global mineral lubricant market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries such as China, India, Japan, South Korea and Indonesia. Asia Pacific is also one of the largest producers of minerals including lithium, copper and others which are used for manufacturing purposes.
The growing population coupled with rising living standards have led to an increase in consumer spending on electronics products across emerging economies such as China and India. This has resulted into increased demand for industrial machinery & equipment which further drives product consumption across various industries including automotive, construction & transportation etc., thus driving regional market growth over the forecast period.
Europe was another major contributor towards industry expansion owing to high mineral consumption levels coupled with stringent regulations regarding environmental pollution caused during manufacturing processes or byproducts involved during oil refining process etc.
Growth Factors:
- Increasing demand from the automotive and transportation sector
- Rising awareness about the benefits of mineral lubricants over synthetic lubricants
- Growing industrialization and urbanization in developing countries
- Technological advancements in production processes of mineral lubricants
- Stringent environmental regulations for reducing emissions from vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Lubricant Market Research Report
By Type
3#, 5#, 7#, 10#, Others
By Application
Machinery & Equipment, Automotive, Others
By Companies
BASF SE, BP Plc, ExxonMobil, Chevron Lubricants, Dow Corning Corporation, Elba Lubrication Inc., Total S.A, Royal Dutch Shell PLC, FUCHS LUBRITECH GmbH, HUSK-ITT Corporation, BASF SE, Matrix Specialty Lubricants BV, Nyco S.A., Eurol B.V., Sinopec Corporation, TeccemGmbh, Tribology Tech-Lube, Anderol Specialty Lubricants, Exol Corporation, Balmer Lawrie
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Lubricant Market Report Segments:
The global Mineral Lubricant market is segmented on the basis of:
Types
3#, 5#, 7#, 10#, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery & Equipment, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- BP Plc
- ExxonMobil
- Chevron Lubricants
- Dow Corning Corporation
- Elba Lubrication Inc.
- Total S.A
- Royal Dutch Shell PLC
- FUCHS LUBRITECH GmbH
- HUSK-ITT Corporation
- BASF SE
- Matrix Specialty Lubricants BV
- Nyco S.A.
- Eurol B.V.
- Sinopec Corporation
- TeccemGmbh
- Tribology Tech-Lube
- Anderol Specialty Lubricants
- Exol Corporation
- Balmer Lawrie
Highlights of The Mineral Lubricant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3#
- 5#
- 7#
- 10#
- Others
- By Application:
- Machinery & Equipment
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mineral Lubricant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A mineral lubricant is a type of lubricant that is made from minerals. Mineral lubricants are often more affordable than synthetic or petroleum-based lubricants, and they can be used in a variety of applications. They are popular choices for use in machinery, tools, and other equipment.
Some of the major companies in the mineral lubricant market are BASF SE, BP Plc, ExxonMobil, Chevron Lubricants, Dow Corning Corporation, Elba Lubrication Inc., Total S.A, Royal Dutch Shell PLC, FUCHS LUBRITECH GmbH, HUSK-ITT Corporation, BASF SE, Matrix Specialty Lubricants BV, Nyco S.A., Eurol B.V., Sinopec Corporation, TeccemGmbh, Tribology Tech-Lube, Anderol Specialty Lubricants, Exol Corporation, Balmer Lawrie.
The mineral lubricant market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral Lubricant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mineral Lubricant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mineral Lubricant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mineral Lubricant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mineral Lubricant Market Size & Forecast, 2020-2028
4.5.1 Mineral Lubricant Market Size and Y-o-Y Growth
4.5.2 Mineral Lubricant Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3#
5.2.2 5#
5.2.3 7#
5.2.4 10#
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Machinery & Equipment
6.2.2 Automotive
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral Lubricant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mineral Lubricant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3#
9.6.2 5#
9.6.3 7#
9.6.4 10#
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Machinery & Equipment
9.10.2 Automotive
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3#
10.6.2 5#
10.6.3 7#
10.6.4 10#
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Machinery & Equipment
10.10.2 Automotive
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3#
11.6.2 5#
11.6.3 7#
11.6.4 10#
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Machinery & Equipment
11.10.2 Automotive
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3#
12.6.2 5#
12.6.3 7#
12.6.4 10#
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Machinery & Equipment
12.10.2 Automotive
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3#
13.6.2 5#
13.6.3 7#
13.6.4 10#
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Machinery & Equipment
13.10.2 Automotive
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mineral Lubricant Market: Competitive Dashboard
14.2 Global Mineral Lubricant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 BP Plc
14.3.3 ExxonMobil
14.3.4 Chevron Lubricants
14.3.5 Dow Corning Corporation
14.3.6 Elba Lubrication Inc.
14.3.7 Total S.A
14.3.8 Royal Dutch Shell PLC
14.3.9 FUCHS LUBRITECH GmbH
14.3.10 HUSK-ITT Corporation
14.3.11 BASF SE
14.3.12 Matrix Specialty Lubricants BV
14.3.13 Nyco S.A.
14.3.14 Eurol B.V.
14.3.15 Sinopec Corporation
14.3.16 TeccemGmbh
14.3.17 Tribology Tech-Lube
14.3.18 Anderol Specialty Lubricants
14.3.19 Exol Corporation
14.3.20 Balmer Lawrie
