Lubricants Market for Mining and Quarry Applications Globally Grow at a CAGR of 3.07% by Revenue During the Forecast Period 2017-2021

Albany, NY, 18 JAN : The implementation of automatic lubrication system (ALS) decreases equipment downtime and also helps industries in reducing their maintenance costs. Moreover, these systems also offer the benefit of lubricating multiple points from any mounted position and can be used in both mobile and static equipment.

Lubricants for mining and quarry applications are used to minimize wear and tear in equipment by reducing binding and friction. In some extreme cases, they may also prevent or reduce electrical resistivity, while increasing thermal conduction.One of the integral components of any market estimate and analysis pertains to the definition of the estimates and exclusions. The following section of the report enlists certain key estimates, which we have considered while arriving at the market trends and certain exclusions that have helped to demarcate the market contours.

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Technavios analysts forecast the global lubricants market for mining and quarry applications to grow at a CAGR of 3.07% during the period 2017-2021.

Covered :
The report covers the present scenario and the growth prospects of the global lubricants market for mining and quarry applications for 2017-2021. To calculate the market size, the report considers the revenue generated by the demand for lubricants for mining and quarry applications by end-users in each region and their corresponding key countries.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Lubricants Market for Mining And Quarry Applications 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BP
Chevron
ExxonMobil
Shell
TOTAL

Other prominent vendors
Blue Star Lubrication Technology
Busler Enterprises
D-A Lubricant Company
Eurol
FUCHS
Lubrication Engineers
Lubricon
LUBRILOG
Lubriplate
Lucas Oil Products
Novvi
PetroChoice
Petron
Pro Oil

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Key driver
Increased implementation of automatic lubrication systems.
For a full, detailed list, view our report

Key challenge
Decrease in mining-related investments.
For a full, detailed list, view our report

Key trend
Shifting of mining activities to emerging economies.
For a full, detailed list, view our report

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