Mining Lubricants Market Size, Industry Share, Growth, Analysis, Report, Trends and Forecast till 2022-2027
The latest research study “ Mining Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global mining lubricants market size reached a value of US$ 2.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.91 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027. Mining lubricants are specialty lubricants that minimize friction and wear generated between equipment. They enhance machine reliability and provide thermal and hydraulic stability while preventing oxidation and corrosion. They also assist in minimizing downtime, increasing the operational life of the equipment, improving energy productivity, and dissipating heat. Owing to these properties, mining lubricants are widely employed for mobile processing and stationary equipment, including turbines, gears, hydraulic systems, compressors, mining transmissions, ...