1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends

Analysis of the Mining Lubricant Market in Australia

  • December 2013
  • 81 pages
  • Frost & Sullivan
Report ID: 1939379

Summary

Table of Contents

Lubricants Driving Efficiency in the Australian Mining Industry

The research methodology for this research service is a combined effort of secondary research and intensive primary research through in-depth discussions with industry experts. The Australian mining lubricant market experienced steady growth from 2010 to 2012 driven by the strong mining activities. The decreasing mining commodity prices in the global market have translated into low demand for mining lubricants during the forecast period between 2013 and 2019. This research service offers market revenue forecasts by major application segmentation: mobile plant mining lubricants and fixed (static) plant mining lubricants. Competitive analysis and market revenue share for top five companies has also been provided.

Executive Summary

• Growth in the Australian mining sector has created strong demand for lubricants used on mobile and static equipment. Mining investment recovered relatively quickly from the global financial crisis, with investment in equipment, plant and machinery growing at an annual rate of Xto X% between 2010 and 2012. Newly installed machinery and operating plants have a demand for larger quantities of lubricants to maintain a normal working order and ensure a longer life.
• In general, mining technologies in Australia are advanced as per the world standards with significant use of heavy machinery. Heavy duty machinery requires high performance lubricants that can withstand high temperature and pressure.
• The prices of lubricants are largely influenced by the global crude oil price movements. However, increased competition adds to downward price pressure.
• Biodegradable products are gaining customer attention, but only at a very slow rate. In the short-to-medium term, mineral oil-based products are expected to continue dominating the market.
• The global slowdown in demand for mineral resources is expected to lead to slower mining sector investment, hence a slower growth in lubricants over the forecast period.
• Direct sales is the main channel to the market. However, distributors are often used by smaller suppliers or new market participants.
• The market is concentrated, dominated by five leading suppliers. The global industrial lubricants leader BP is also the largest supplier in the Australian mining lubricant market.
• Three tiers of competition exist in the market: leading international oil companies, specialised lubricant suppliers and new market suppliers targeting small-to-medium customers and supply shortfall situations.
• The challenges of penetrating the Australian market include the presence of highly entrenched market leaders and the difficulty in persuading customers to switch products.
• Owning the necessary product certification is insufficient for gaining customers’ confidence. Often a successful track record in overseas projects is recognised by customers. Return-on-investment is crucial for customers in choosing higher cost lubricant products.

CEO’s Perspective

1. The Australian mining lubricants market is expected to grow steadily.
2. The reduced number of new mining projects limit business opportunities.
3. Performance and return-on-investment are priorities for customers.
4. Sustainability is becoming an increasingly valued concept among customers.
5. Price increases are kept under check due to low cost suppliers entering the market.

Key Questions this Study will Answer

Is the mining lubricant market growing? How long will it continue to grow, and at what rate?
What are the market drivers and restraints, and what is the forecast growth potential of the market?
Who are the key market participants/competitors, and what are their relative market shares?
What is the route to the market?
Are the existing competitors structured correctly to meet customer needs?
How the pricing scenario would be during the forecast period given the competition scenario and feedstock supply?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Lubricants Market for Off-road Sector - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Lubricants Market for Off-road Sector: Overview Lubricants diminish friction because they eliminate the contact resistance between two solid surfaces or objects. Examples of lubricants are engine ...

Industrial Lubricants Market by Type, End-Use Industry, Base Oil, and Region - Global Forecasts to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Global industrial lubricants market projected to grow at a CAGR of 2.5% during the forecast period.” The global industrial lubricants market is expected to reach USD 64.4 billion by 2021, at a CAGR ...

Mining Lubricants Market by End-Use Industry (Coal Mining, Iron ORE Mining, Bauxite Mining, Rare Earth Mineral Mining, Precious Metals Mining), Type (Mineral Oil Lubricants, Synthetic Lubricants), and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The global mining lubricants market is projected to grow at a CAGR of 4.5% from 2017 to 2022” The mining lubricants market was valued at USD 1.95 billion in 2016, and is projected to reach USD 2.56 ...


ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.