Mining Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Base Stock (Mineral Oil, and Others), Product Type (Engine Oil, Gear Oil, Hydraulic Fluids, Transmission Fluids, and Others), and Geography (Asia-Pacific, North America, South America, Europe, Middle-East and Africa)

Mining Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mining Lubricants Market Size

Mining Lubricants Market Overview
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 2.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Mining Lubricants Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Mining Lubricants Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Mining Lubricants Market Analysis

The Mining Lubricants Market is expected to register a CAGR of greater than 2% during the forecast period.

  • Engine oil segment dominated the market and is expected to grow at a steady rate during the forecast period owing to the steady growth in mining and mineral production activities in few countries.
  • Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.

Mining Lubricants Industry Overview

The global mining lubricants market is partly consolidated with the global leaders having their strong presence in almost all the major geographies. The major companies include Royal Dutch Shell Plc, ExxonMobil Corporation, BP p.l.c, Total and Sinopec.  

Mining Lubricants Market Leaders

  1. Royal Dutch Shell Plc

  2. BP p.l.c (Castrol)

  3. ExxonMobil Corporation

  4. Total

  5. Sinopec (China Petroleum & Chemical Corporation)

  6. *Disclaimer: Major Players sorted in no particular order
Royal Dutch Shell Plc, BP p.l.c (Castrol), ExxonMobil Corporation, Total, Sinopec (China Petroleum & Chemical Corporation)
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Mining Lubricants Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growth in Coal Mining in Asia-Pacific
    • 4.1.2 Expansions in African Mining Sector
  • 4.2 Restraints
    • 4.2.1 Slowdown in the Mineral Production in Europe
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Base Stock
    • 5.1.1 Mineral Oil
    • 5.1.2 Others (Synthetic, & Bio-based)
  • 5.2 Product Type
    • 5.2.1 Engine Oil
    • 5.2.2 Gear Oil
    • 5.2.3 Hydraulic Fluids
    • 5.2.4 Transmission Fluids
    • 5.2.5 Others (Greases, etc.)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Australia & New Zealand
    • 5.3.1.4 Indonesia
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Russia
    • 5.3.3.4 Norway
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 Iran
    • 5.3.5.3 United Arab Emirates
    • 5.3.5.4 Rest of Middle-East
    • 5.3.6 Africa
    • 5.3.6.1 South Africa
    • 5.3.6.2 Egypt
    • 5.3.6.3 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BP p.l.c.
    • 6.4.2 Chevron Corporation
    • 6.4.3 ENGEN PETROLEUM LTD
    • 6.4.4 ExxonMobil Corporation
    • 6.4.5 FUCHS
    • 6.4.6 LUKOIL
    • 6.4.7 Suncor Energy Inc.
    • 6.4.8 Royal Dutch Shell Plc
    • 6.4.9 Sinopec (China Petroleum & Chemical Corporation)
    • 6.4.10 Total
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Demand for High Performance Lubricants
  • 7.2 Other Opportunities
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Mining Lubricants Industry Segmentation

The Mining Lubricants market report include:

Base Stock Mineral Oil
Others (Synthetic, & Bio-based)
Product Type Engine Oil
Gear Oil
Hydraulic Fluids
Transmission Fluids
Others (Greases, etc.)
Geography Asia-Pacific China
India
Australia & New Zealand
Indonesia
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Russia
Norway
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle-East Saudi Arabia
Iran
United Arab Emirates
Rest of Middle-East
Africa South Africa
Egypt
Rest of Africa
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Mining Lubricants Market Research FAQs

What is the current Mining Lubricants Market size?

The Mining Lubricants Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in Mining Lubricants Market?

Royal Dutch Shell Plc, BP p.l.c (Castrol), ExxonMobil Corporation, Total and Sinopec (China Petroleum & Chemical Corporation) are the major companies operating in the Mining Lubricants Market.

Which is the fastest growing region in Mining Lubricants Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Mining Lubricants Market?

In 2025, the Asia Pacific accounts for the largest market share in Mining Lubricants Market.

What years does this Mining Lubricants Market cover?

The report covers the Mining Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mining Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Mining Lubricants Industry Report

Statistics for the 2025 Mining Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mining Lubricants analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.