世界の鉱業用潤滑油市場は2032年までに57億9000万米ドルに達する見込み
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The global mining lubricants market, valued at USD 4.28 billion in 2024, is expected to reach USD 5.79 billion by 2032, growing at a steady compound annual growth rate （CAGR） of 3.85% during the forecast period from 2025 to 2032. The market is experiencing steady growth due to the increasing global demand for metals and minerals driven by industrialization, urbanization, and the shift to clean energy technologies. Mining lubricants play a key role in ensuring the efficiency, durability, and reliability of heavy equipment and are essential for large-scale mining projects.
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https://www.snsinsider.com/sample-request/7307" Market Growth Drivers
The expansion of the mining lubricants market is largely driven by the increasing use of high-performance mining equipment. Modern mining operations rely heavily on advanced machinery, such as hydraulic excavators, autonomous excavators, and articulated dump trucks, which operate under high-load conditions, extreme temperatures, dust, and vibration. High-quality lubricants are essential to protect these machines from wear, extend their operational life, and reduce downtime. The United States Geological Survey （USGS） reports that total U.S. mineral production will reach US$106 billion in 2024, indicating continued investment in the mining industry and the associated demand for advanced lubricants.
Meanwhile, the market is also facing the challenge of a gradual transition to electric mining equipment. Battery-powered loaders, haul trucks, and excavators have fewer mechanical parts, reducing the use of traditional lubricants. While this transition supports sustainability goals and reduces operating costs, it may limit the growth of traditional mining lubricant products.
However, the integration of automation and smart technologies in the mining industry is changing the market landscape. IoT-enabled equipment, AI-driven systems, and autonomous devices require specialized lubricants that can withstand extreme operating conditions while supporting real-time monitoring and long maintenance intervals. Government initiatives, such as India's US$50 million investment in mining automation and research for critical minerals like lithium, are also driving demand for advanced lubricants.
For more information on the mining lubricants market, please visit:
https://www.snsinsider.com/reports/mining-lubricants-market-7307. Segmentation Analysis
by Product:
In 2024, synthetic mining lubricants dominated the market, accounting for approximately 46% of the market. Their excellent thermal stability, oxidation resistance, and load-bearing capacity make them ideal for the harsh conditions typical of mining operations. These lubricants extend machinery life, reduce maintenance burdens, and support uninterrupted mining operations.
Mineral oil lubricants also retain a significant share due to their cost-effectiveness and availability. They are widely used in applications where extreme performance is not essential, such as gearboxes, hydraulic systems, and engines. Mineral oil lubricants remain attractive because they provide reliable performance in standard mining applications, even in developing regions where budget constraints influence procurement decisions.
By Application:
Iron ore mining will be the largest application segment, accounting for approximately 32% of the market in 2024. The scale and intensity of iron ore mining and processing, as well as global steel demand, are driving the need for high-performance lubricants. Regions such as Australia, Brazil, China, and India lead production, making this segment a significant contributor to mining lubricant consumption. Coal
mining is also an important application segment. Countries such as China, India, the United States, and Australia use coal extensively for power generation and industrial applications. Heavy equipment in coal mining （such as excavators, draglines, and conveyors） requires frequent lubrication under high-load conditions to maintain operational efficiency and minimize downtime.
Regional Analysis
: Asia-Pacific will lead the mining lubricants market in 2024, accounting for approximately 43.34% of the market. This is due to abundant mineral resources, rapid industrialization, and large-scale infrastructure projects in China, India, and Australia. The continued mining of coal, iron ore, and other key minerals is driving demand for high-performance lubricants. For example, China's coal production reached 389.31 million tons in April 2025, a 3.8% year-on-year increase. Indonesia's emergence as a major supplier of nickel, essential for electric vehicle batteries, is also strengthening regional demand.
North America is expected to experience significant growth during the forecast period due to its established mining infrastructure, high metal production, and advanced machinery and equipment. The U.S. mining lubricants market was valued at USD 747 million in 2024 and is expected to reach USD 1.129 billion by 2032, growing at a CAGR of 5.30%. The region produces critical metals such as copper, gold, coal, and industrial sands, requiring specialized lubricants to ensure operational reliability and comply with safety and environmental regulations. The merger of ExxonMobil and Pioneer Natural Resources in 2024 demonstrates the importance of efficient lubrication in large-scale mining projects. Europe also holds a
significant market share due to its mature mining industry, technological infrastructure, and strict environmental regulations. The region produces industrial metals such as coal, iron ore, and copper to support the manufacturing and automotive industries. As European mining companies strive to optimize machine efficiency and achieve sustainability standards, demand for high-performance, environmentally friendly lubricants continues to grow.
Competitive Environment:
The mining lubricants market is highly competitive, with a mix of global and regional players. Major players include ExxonMobil, Shell, Chevron, Total Energies, BP, Fuchs Petrolabs, Petro-Canada Lubricants, Quaker Houghton, Claver Lubrication, and Sinopec Lubricants. Strategic initiatives such as capacity expansion, mergers and acquisitions, and R&D investments are shaping the market.
For example, in 2024, Idemitsu Kosan announced plans to expand its lubricant production capacity by 50% to meet growing global demand. Similarly, ExxonMobil invested US$1 billion in a lubricant manufacturing facility in Singapore in 2023 to address the growing Asia-Pacific market. These moves reflect a continued focus on innovation, manufacturing scalability, and regional expansion.
Conclusion:
The mining lubricants market is expected to experience steady growth over the next decade, driven by rising demand for metals and minerals, the adoption of high-performance equipment, and the expansion of automation technologies. While the transition to electric mining equipment will pose challenges, opportunities from smart mining systems and regional infrastructure investments are expected to support market growth. The Asia-Pacific region continues to lead the market, with North America and Europe also showing strong growth potential. Investments in capacity, technology, and regional expansion by key players are expected to support robust market growth by 2032, supporting the efficiency and sustainability of global mining operations.
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