Emerging Trends in Mining Lubricants Market till 2022

Mining Lubricants Market

CITY, Country, 2021-Nov-22 — /EPR Network/ —

The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. Growth of the mining industry, increase in the demand for coal in electricity generating applications, and the increasing demand for base metals such as copper, nickel, lead, zinc, and others are fueling the demand for mining lubricants. Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), BP Plc. (U.K.), Chevron Corporation (U.S.), LUKOIL (Russia), Idemitsu Kosan Co., Ltd. (Japan), and Total S.A. (France), are some of the leading players operating in this market.

The key players operational in the mining lubricants markets are focusing on expansions, acquisitions, and new product launches to cater the demand across various applications. Royal Dutch Shell Plc. (Netherlands) and Total S.A. (France) have reported the highest number of developments in the global mining lubricants market in recent years.

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In November 2015, Shell opened its largest internationally operated lubricants plant in Indonesia. This plant will produce  leading lubricants brands, such as, Shell Helix (passenger car motor oil), Shell Advance (motorcycle oil), Shell Rimula (heavy duty engine oil), Shell Spirax (transmission oil), as well as other industrial lubricants. These products will support Indonesia’s growing demand for vehicle motor oils as well as other lubricants for application in sectors such as mining, power generation, transportation, and the growing infrastructure building.

In June 2015, Shell expanded its lubricant capacity in greater China. This complements seven Shell lubricant blending plants already operating in greater China. The new plant can produce 330 million liters of lubricants per year and has the potential to expand to 500 million liters.

In July 2015, Total S.A. started operations at its largest lubricants oil blending plant in Singapore. With an annual production capacity of 310,000 metric tons, this plant helped increase the company’s lubricants supply in the Asia-Pacific region, which accounts for more than 25% of its lubricants sales.

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In November 2013, Total S.A. opened a lubricant blending plant at KAEC (King Abdullah Economic City) in Saudi Arabia. The 65,000 square meter facility produces automotive and industrial lubricants that meet Total’s stringent global quality tests. The plant, equipped with a fully automated blending system and ultra-modern filling machines, has an annual production capacity of 25,000 tons in a single shift.

In August 2016, Chevron launched new line of CK-4 and FA-4 engine oils. The new oils are the culmination of five years of development and will provide stronger performance than existing CJ-4 oils in key categories, including oxidation stability, piston deposit control and wear.

In August 2015, ExxonMobil increased the production capacity of its Beaumont, Texas refinery to 365,000 barrels per day. The previous capacity was 345,000-b/d.

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