Rising Mining Operations Fuel Demand for High-Performance Lubricants, Market Expected to Reach USD 3,960.2 million by 2034

The mining industry is undergoing transformative changes, and lubricants play a critical role in ensuring the operational efficiency and longevity of mining equipment. The global Mining Lubricant Market size is projected to expand from USD 2,340.5 million in 2024 to an estimated USD 3,960.2 million by 2034, exhibiting a compound annual growth rate (CAGR) of …

Mining Lubricant Market Reaching US$ 3,960.18 million by 2034, Fueled by Robust Demand and Harsh Operating Conditions

FMI has projected the global mining lubricants sales to reach a value of US$ 3,960.18 million by 2034 end Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with the coal and iron ore mining sector driving demand. Future Market Insights, in its incisive study on the mining lubricants market, opines that …