HOME Top Market Reports Agricultural Lubricants Market by Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants), Application (Engines, Gear & Transmission, Hydraulics, Greasing, Implements), and Region - Global Forecast to 2022

Agricultural Lubricants Market by Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants), Application (Engines, Gear & Transmission, Hydraulics, Greasing, Implements), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: CH 5816

 

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The global agricultural lubricants market is projected to grow from an estimated USD 1.96 Billion in 2016 to USD 2.48 Billion by 2022, at a CAGR of 4.8% from 2017 to 2022.

The objectives of this study are:

  • To estimate and forecast the agricultural lubricants market, in terms of value and volume
  • To provide a detailed segmentation of the agricultural lubricants market on the basis of type, application, and region
  • To identify emerging trends and opportunities in the agricultural lubricants market
  • To analyze the market with focus on high growth applications and fastest-growing segments
  • To analyze the factors that drive and restrain the growth of the agricultural lubricants market
  • To provide a comprehensive competitive landscape of the market and profile the key market players with respect to their market shares/ranking
  • To analyze and forecast segments of the agricultural lubricants market and present an overall view of the market

The years considered for the study are:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

For company profiles in the report, 2016 has been considered as the base year. In cases wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the global agricultural lubricants market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. Vendor offerings have also been taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Agricultural Lubricants Market

To know about the assumptions considered for the study, download the pdf brochure

The agricultural lubricants market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the agricultural lubricants market include Chevron (US), ExxonMobil (US), Fuchs Petrolub (Germany), Shell (The Netherlands), Total (France), BP p.l.c. (UK), and Phillips 66 (US) among others.

Target Audience

  • Manufacturers, Dealers, and Suppliers of Agricultural Lubricants
  • Government and Research Organizations
  • Applications
  • Companies Operational in Material R&D
  • Associations and Industrial Bodies
  • Investment Banks
  • Consulting Companies/Consultants in Chemical and Material Sectors

“This study answers several questions for stakeholders, primarily the market segments which they need to focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly.”

Scope of the report: This research report categorizes the agricultural lubricants market based on type, application, and region, and forecasts revenues as well as analyzes trends in each of the submarkets.

On the basis of Type:

  • Mineral Oil Lubricants
  • Synthetic Lubricants
  • Bio-based Lubricants

On the basis of Application:

  • Engines
  • Gear & Transmission
  • Hydraulics
  • Greasing
  • Implements

On the basis of Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The following customization options are available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the rest of Asia Pacific, rest of the Middle East & Africa, rest of Europe, and rest of South America agricultural lubricants markets

Company Information

  • Detailed analysis and profiles of additional market players (up to five companies)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Package Size

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Agricultural Lubricants Market
    4.2 Agricultural Lubricants Market, By Region
    4.3 Asia Pacific Agricultural Lubricants Market, By Country and Application
    4.4 Agricultural Lubricants Market, By Type and Region
    4.5 Agricultural Lubricants Market, By Country

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Decreasing Availability of Agricultural Labor & Increasing Labor Cost
                    5.2.1.2 Increasing Mechanization in the Agricultural Industry
                    5.2.1.3 Government Subsidies for Agricultural Equipment
           5.2.2 Restraints
                    5.2.2.1 High Cost of Synthetic and Bio-Based Lubricants
           5.2.3 Opportunities
                    5.2.3.1 Substantial Scope for Growth in Farm Mechanization in China and India
           5.2.4 Challenges
                    5.2.4.1 Attracting Small-Scale Farmers Towards the Use of Advanced Agricultural Equipment
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Rivalry
    5.4 Industry Outlook
           5.4.1 Agriculture Industry

6 Agricultural Lubricants Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Mineral Oil Lubricants
    6.3 Synthetic Lubricants
    6.4 Bio-Based Lubricants

7 Agricultural Lubricants Market, By Application (Page No. - 46)
    7.1 Introduction
    7.2 Engines
    7.3 Gear & Transmission
    7.4 Hydraulics
    7.5 Greasing
    7.6 Implements

8 Agricultural Lubricants Market, By Region (Page No. - 54)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
           8.2.2 India
           8.2.3 Indonesia
           8.2.4 Pakistan
           8.2.5 Bangladesh
           8.2.6 Vietnam
           8.2.7 Rest of Asia Pacific
    8.3 Europe
           8.3.1 Russia
           8.3.2 Germany
           8.3.3 UK
           8.3.4 France
           8.3.5 Italy
           8.3.6 Poland
           8.3.7 Ukraine
           8.3.8 Rest of Europe
    8.4 North America
           8.4.1 US
           8.4.2 Canada
           8.4.3 Mexico
    8.5 Middle East & Africa
           8.5.1 South Africa
           8.5.2 Saudi Arabia
           8.5.3 Egypt
           8.5.4 UAE
           8.5.5 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Chile
           8.6.4 Rest of South America

9 Competitive Landscape (Page No. - 116)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Situations & Trends
           9.3.1 Joint Ventures
           9.3.2 Expansions
           9.3.3 New Product Launches

10 Company Profiles (Page No. - 122)
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
     10.1 Exxonmobil
     10.2 Shell
     10.3 Chevron
     10.4 Total
     10.5 BP P.L.C.
     10.6 Fuchs Petrolub
     10.7 Phillips 66
     10.8 Exol Lubricants
     10.9 Witham Oil and Paint
     10.10 Rymax Lubricants
     10.11 Cougar Lubricants International
     10.12 Schaeffer Manufacturing Co.
     10.13 Pennine Lubricants
     10.14 Frontier Performance Lubricants
     10.15 Unil Lubricants
*Details Might Not Be Captured in Case of Unlisted Companies.
     10.16 Other Leading Players
             10.16.1 Bapco Lubricants
             10.16.2 Bardahl Manufacturing Corporation
             10.16.3 Callow Oils
             10.16.4 Dyade Lubricants
             10.16.5 Gulf Oil Lubricants India
             10.16.6 Klondike Lubricants
             10.16.7 Lubitec
             10.16.8 Moorlands Fuels
             10.16.9 Morris Lubricants
             10.16.10 Normac Oils
             10.16.11 Repsol
             10.16.12 Royal Precision Lubricants
             10.16.13 Wise Solutions

11 Appendix (Page No. - 173)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (164 Tables)

Table 1 Cereals, Total Production, By Country, 2014
Table 2 Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 3 Agricultural Lubricants Market, By Type, 2015–2022 (Kilotons)
Table 4 Mineral Oil Lubricants Segment, By Region, 2015–2022 (USD Million)
Table 5 Mineral Oil Lubricants Segment, By Region, 2015–2022 (Kilotons)
Table 6 Synthetic Lubricants Segment, By Region, 2015–2022 (USD Million)
Table 7 Synthetic Lubricants Segment, By Region, 2015–2022 (Kilotons)
Table 8 Bio-Based Lubricants Segment, By Region, 2015–2022 (USD Million)
Table 9 Bio-Based Lubricants Segment, By Region, 2015–2022 (Kilotons)
Table 10 Agricultural Lubricants Market, By Application, 2015–2022 (USD Million)
Table 11 Agricultural Lubricants Market, By Application, 2015–2022 (Kilotons)
Table 12 Engines Segment, By Region, 2015–2022 (USD Million)
Table 13 Engines Segment, By Region, 2015–2022 (Kilotons)
Table 14 Gear & Transmission Segment, By Region, 2015–2022 (USD Million)
Table 15 Gear & Transmission Segment, By Region, 2015–2022 (Kilotons)
Table 16 Hydraulics Segment, By Region, 2015–2022 (USD Million)
Table 17 Hydraulics Segment, By Region, 2015–2022 (Kilotons)
Table 18 Greasing Segment, By Region, 2015–2022 (USD Million)
Table 19 Greasing Segment, By Region, 2015–2022 (Kilotons)
Table 20 Implements Segment, By Region, 2015–2022 (USD Million)
Table 21 Implements Segment, By Region, 2015–2022 (Kilotons)
Table 22 Agricultural Lubricants Market, By Region, 2015–2022 (USD Million)
Table 23 Agricultural Lubricants Market, By Region, 2015–2022 (Kilotons)
Table 24 Asia Pacific: By Market, By Country, 2015–2022 (USD Million)
Table 25 Asia Pacific: By Market, By Country, 2015–2022 (Kilotons)
Table 26 Asia Pacific: By Market, By Type, 2015–2022 (USD Million)
Table 27 Asia Pacific: By Market, By Type, 2015–2022 (Kilotons)
Table 28 Asia Pacific: By Market, By Application, 2015–2022 (USD Million)
Table 29 Asia Pacific: By Market, By Application, 2015–2022 (Kilotons)
Table 30 China: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 31 China: By Market, By Type, 2015–2022 (Kilotons)
Table 32 China: By Market, By Application, 2015–2022 (USD Million)
Table 33 China: By Market, By Application, 2015–2022 (Kilotons)
Table 34 India: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 35 India: By Market, By Type, 2015–2022 (Kilotons)
Table 36 India: By Market, By Application, 2015–2022 (USD Million)
Table 37 India: By Market, By Application, 2015–2022 (Kilotons)
Table 38 Indonesia: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 39 Indonesia: By Market, By Type, 2015–2022 (Kilotons)
Table 40 Indonesia: By Market, By Application, 2015–2022 (USD Million)
Table 41 Indonesia: By Market, By Application, 2015–2022 (Kilotons)
Table 42 Pakistan: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 43 Pakistan: By Market, By Type, 2015–2022 (Kilotons)
Table 44 Pakistan: By Market, By Application, 2015–2022 (USD Million)
Table 45 Pakistan: By Market, By Application, 2015–2022 (Kilotons)
Table 46 Bangladesh: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 47 Bangladesh: By Market, By Type, 2015–2022 (Tons)
Table 48 Bangladesh: By Market, By Application, 2015–2022 (USD Million)
Table 49 Bangladesh: By Market, By Application, 2015–2022 (Tons)
Table 50 Vietnam: Agricultural Lubricants Market, By Type, 2015–2022 (USD Thousand)
Table 51 Vietnam: By Market, By Type, 2015–2022 (Tons)
Table 52 Vietnam: By Market, By Application, 2015–2022 (USD Thousand)
Table 53 Vietnam: By Market, By Application, 2015–2022 (Tons)
Table 54 Rest of Asia Pacific: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 55 Rest of Asia Pacific: By Market, By Type, 2015–2022 (Tons)
Table 56 Rest of Asia Pacific: By Market, By Application, 2015–2022 (USD Million)
Table 57 Rest of Asia Pacific: By Market, By Application, 2015–2022 (Tons)
Table 58 Europe: Agricultural Lubricants Market, By Country, 2015-2022 (USD Million)
Table 59 Europe: By Market, By Country, 2015-2022 (Kilotons)
Table 60 Europe: By Market, By Type, 2015-2022 (USD Million)
Table 61 Europe: By Market, By Type, 2015-2022 (Kilotons)
Table 62 Europe: By Market, By Application, 2015–2022 (USD Million)
Table 63 Europe: By Market, By Application, 2015–2022 (Kilotons)
Table 64 Russia: By Market, By Type, 2015–2022 (USD Million)
Table 65 Russia: By Market, By Type, 2015–2022 (Kilotons)
Table 66 Russia: By Market, By Application, 2015–2022 (USD Million)
Table 67 Russia: By Market, By Application, 2015–2022 (Kilotons)
Table 68 Germany: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 69 Germany: By Market, By Type, 2015–2022 (Kilotons)
Table 70 Germany: By Market, By Application, 2015–2022 (USD Million)
Table 71 Germany: By Market, By Application, 2015–2022 (Kilotons)
Table 72 UK: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 73 UK: By Market, By Type, 2015–2022 (Kilotons)
Table 74 UK: By Market, By Application, 2015–2022 (USD Million)
Table 75 UK: By Market, By Application, 2015–2022 (Kilotons)
Table 76 France: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 77 France: By Market, By Type, 2015–2022 (Kilotons)
Table 78 France: By Market, By Application, 2015–2022 (USD Million)
Table 79 France: By Market, By Application, 2015–2022 (Kilotons)
Table 80 Italy: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 81 Italy: By Market, By Type, 2015–2022 (Kilotons)
Table 82 Italy: By Market, By Application, 2015–2022 (USD Million)
Table 83 Italy: By Market, By Application, 2015–2022 (Kilotons)
Table 84 Poland: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 85 Poland: By Market, By Type, 2015–2022 (Kilotons)
Table 86 Poland: By Market, By Application, 2015–2022 (USD Million)
Table 87 Poland: By Market, By Application, 2015–2022 (Kilotons)
Table 88 Ukraine: By Market, By Type, 2015–2022 (USD Million)
Table 89 Ukraine: By Market, By Type, 2015–2022 (Kilotons)
Table 90 Ukraine: By Market, By Application, 2015–2022 (USD Million)
Table 91 Ukraine: By Market, By Application, 2015–2022 (Kilotons)
Table 92 Rest of Europe: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 93 Rest of Europe: By Market, By Type, 2015–2022 (Kilotons)
Table 94 Rest of Europe: By Market, By Application, 2015–2022 (USD Million)
Table 95 Rest of Europe: By Market, By Application, 2015–2022 (Kilotons)
Table 96 North America: By Market, By Country, 2015–2022 (USD Million)
Table 97 North America: By Market, By Country, 2015–2022 (Kilotons)
Table 98 North America: By Market, By Type, 2015-2022 (USD Million)
Table 99 North America: By Market, By Type, 2015-2022 (Kilotons)
Table 100 North America: By Market, By Application, 2015–2022 (USD Million)
Table 101 North America: By Market, By Application, 2015–2022 (Kilotons)
Table 102 US: Agricultural Lubricants Market, By Type, 2015-2022 (USD Million)
Table 103 US: By Market, By Type, 2015-2022 (Kilotons)
Table 104 US: By Market, By Application, 2015–2022 (USD Million)
Table 105 US: By Market, By Application, 2015–2022 (Kilotons)
Table 106 Canada: Agricultural Lubricants Market, By Type, 2015-2022 (USD Million)
Table 107 Canada: By Market, By Type, 2015-2022 (Kilotons)
Table 108 Canada: By Market, By Application, 2015–2022 (USD Million)
Table 109 Canada: By Market, By Application, 2015–2022 (Kilotons)
Table 110 Mexico: By Market, By Type, 2015-2022 (USD Million)
Table 111 Mexico: By Market, By Type, 2015-2022 (Kilotons)
Table 112 Mexico: By Market, By Application, 2015–2022 (USD Million)
Table 113 Mexico: By Market, By Application, 2015–2022 (Kilotons)
Table 114 Middle East & Africa: Agricultural Lubricants Market, By Country, 2015-2022 (USD Million)
Table 115 Middle East & Africa: By Market, By Country, 2015-2022 (Kilotons)
Table 116 Middle East & Africa: By Market, By Type, 2015–2022 (USD Million)
Table 117 Middle East & Africa: By Market, By Type, 2015–2022 (Kilotons)
Table 118 Middle East & Africa: By Market, By Application, 2015–2022 (USD Million)
Table 119 Middle East & Africa: By Market, By Application, 2015–2022 (Kilotons)
Table 120 South Africa: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 121 South Africa: By Market, By Type, 2015–2022 (Kilotons)
Table 122 South Africa: By Market, By Application, 2015–2022 (USD Million)
Table 123 South Africa: By Market, By Application, 2015–2022 (Kilotons)
Table 124 Saudi Arabia: By Market, By Type, 2015–2022 (USD Million)
Table 125 Saudi Arabia: By Market, By Type, 2015–2022 (Tons)
Table 126 Saudi Arabia: By Market, By Application, 2015–2022 (USD Million)
Table 127 Saudi Arabia: By Market, By Application, 2015–2022 (Tons)
Table 128 Egypt: Agricultural Lubricants Market, By Type, 2015–2022 (USD Thousand)
Table 129 Egypt: By Market, By Type, 2015–2022 (Tons)
Table 130 Egypt: By Market, By Application, 2015–2022 (USD Thousand)
Table 131 Egypt: By Market, By Application, 2015–2022 (Tons)
Table 132 UAE: By Market, By Type, 2015–2022 (USD Thousand)
Table 133 UAE: By Market, By Type, 2015–2022 (Kilotons)
Table 134 UAE: By Market, By Application, 2015–2022 (USDthousand)
Table 135 UAE: By Market, By Application, 2015–2022 (Kilotons)
Table 136 Rest of Middle East & Africa: By Market, By Type, 2015–2022 (USDthousand)
Table 137 Rest of Middle East & Africa: By Market, By Type, 2015–2022 (Tons)
Table 138 Rest of Middle East & Africa: By Market, By Application, 2015–2022 (USD Thousand)
Table 139 Rest of Middle East & Africa: By Market, By Application, 2015–2022 (Tons)
Table 140 South America: By Market, By Country, 2015–2022 (USD Million)
Table 141 South America: By Market, By Country, 2015–2022 (Kilotons)
Table 142 South America: By Market, By Type, 2015–2022 (USD Million)
Table 143 South America: By Market, By Type, 2015–2022 (Kilotons)
Table 144 South America: By Market, By Application, 2015–2022 (USD Million)
Table 145 South America: By Market, By Application, 2015–2022 (Kilotons)
Table 146 Brazil: Agricultural Lubricants Market, By Type, 2015–2022 (USD Million)
Table 147 Brazil: By Market, By Type, 2015–2022 (Kilotons)
Table 148 Brazil: By Market, By Application, 2015–2022 (USD Million)
Table 149 Brazil: By Market, By Application, 2015–2022 (Kilotons)
Table 150 Argentina: By Market, By Type, 2015–2022 (USD Thousand)
Table 151 Argentina: By Market, By Type, 2015–2022 (Tons)
Table 152 Argentina: By Market, By Application, 2015–2022 (USD Thousand)
Table 153 Argentina: By Market, By Application, 2015–2022 (Tons)
Table 154 Chile: By Market, By Type, 2015–2022 (USD Thousand)
Table 155 Chile: By Market, By Type, 2015–2022 (Tons)
Table 156 Chile: By Market, By Application, 2015–2022 (USD Thousand)
Table 157 Chile: By Market, By Application, 2015–2022 (Tons)
Table 158 Rest of South America: By Market, By Type, 2015–2022 (USD Thousand)
Table 159 Rest of South America: By Market, By Type, 2015–2022 (Tons)
Table 160 Rest of South America: By Market, By Application, 2015–2022 (USD Thousand)
Table 161 Rest of South America: By Market, By Application, 2015–2022 (Tons)
Table 162 Joint Ventures, 2012 - 2017
Table 163 Expansions, 2012-2017
Table 164 New Product Launches, 2012 - 2017


List of Figures (31 Figures)

Figure 1 Agricultural Lubricants Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Agricultural Lubricants Market: Data Triangulation
Figure 5 Mineral Oil Lubricants Projected to Be the Largest Type Segment Between 2017 and 2022
Figure 6 Engines Segment Projected to Be the Largest Application Between 2017 and 2022
Figure 7 Asia Pacific Estimated to Lead the Agricultural Lubricants Market in 2017
Figure 8 Growth in Farm Mechanization to Drive the Agricultural Lubricants Market Between 2017 and 2022
Figure 9 Asia Pacific Market is Projected to Grow at the Highest Rate During the Forecast Period
Figure 10 Engines Application Segment Estimated to Account for the Largest Share of the Asia Pacific Agricultural Lubricants Market in 2017
Figure 11 Mineral Oil Lubricants Type Segment is Estimated to Lead in All Regions
Figure 12 China Projected to Lead the Agricultural Lubricants Market Between 2017 and 2022
Figure 13 Drivers, Restraints, Opportunities & Challenges: Agricultural Lubricants Market
Figure 14 Agricultural Lubricants Market: Porter’s Five Forces Analysis
Figure 15 Mineral Oil Lubricants Type Segment Projected to Lead the Agricultural Lubricants Market During the Forecast Period
Figure 16 Engines Application Segment Projected to Lead the Agricultural Lubricants Market During the Forecast Period
Figure 17 Agricultural Lubricants Market: Country-Wise Growth
Figure 18 Asia Pacific Agricultural Lubricants: Market Snapshot
Figure 19 Europe Agricultural Lubricants: Market Snapshot
Figure 20 North America Agricultural Lubricants: Market Snapshot
Figure 21 Middle East & Africa Agricultural Lubricants: Market Snapshot
Figure 22 South America Agricultural Lubricants: Market Snapshot
Figure 23 Companies Primarily Adopted Organic Growth Strategies Between 2012 and 2017
Figure 24 Market Ranking Analysis of Top Five Players, 2016
Figure 25 Exxonmobil: Company Snapshot
Figure 26 Shell: Company Snapshot
Figure 27 Chevron: Company Snapshot
Figure 28 Total: Company Snapshot
Figure 29 BP P.L.C.: Company Snapshot
Figure 30 Fuchs Petrolub: Company Snapshot
Figure 31 Phillips 66: Company Snapshot

The global agricultural lubricants market is projected to grow from an estimated USD 1.96 Billion in 2017 to USD 2.48 Billion by 2022, at a CAGR of 4.8% from 2017 to 2022. Governments of various countries grant support to farmers by providing subsidized agricultural equipment. Regional governments are encouraging farmers to adopt modern farming practices by providing guidance and monetary support at different levels to increase food production. This is a major driver of the agricultural lubricants market. Also, increasing mechanization in the agricultural industry is leading to the high demand for agricultural lubricants.

The mineral oil lubricants segment is projected to be the largest type segment of the agricultural lubricants market from 2017 to 2022. Mineral oil lubricants are light mixtures of alkanes and cyclic paraffins, and are available in light and heavy grades depending on the usage and requirement. The low cost and versatility of these lubricants is expected to drive the mineral oil lubricants type segment during the forecast period.

The engines segment is estimated to be the largest application segment of the agricultural lubricants market in 2017. The use of agricultural lubricants in engines helps protect against sludge and harmful deposits. In addition, the use of lubricants improves the fuel economy of agricultural equipment. Thus, heavy-duty engine oils in agricultural equipment improve engine life apart from delivering long drain capability to engines operating in severe applications.

Asia Pacific is expected to be the fastest-growing market for agricultural lubricants during the forecast period. For people in 57% of the countries in the Asia Pacific, agriculture is the prime occupation and source of living. India is the fastest growing market in this region as subsidies are provided by the Indian government to farmers to help them increase their agricultural output, and thus enable higher profits. This helps farmers in buying agricultural equipment, such as tractors and implements. India is the world’s largest producer of spices, jute, millets, and castor oil seed. It is also the second largest producer of wheat and rice, the main food staples in the world.

Agricultural Lubricants Market

High cost of synthetic and bio-based lubricants is a restraint in the agricultural lubricants market. These can be significantly expensive than mineral oil lubricants. Attracting small-scale farmers to use advanced agricultural equipment to increase farm yield is a challenge in the market. There is low awareness and less capital with small farmers who still follow the older farming methods.

Key players operating in the agricultural lubricants market include Chevron (US), ExxonMobil (US), Fuchs Petrolub (Germany), Shell (The Netherlands), Total (France), BP p.l.c. (UK), and Phillips 66 (US), among others. These companies focus on investing in capacity expansions of plants to achieve growth in the agricultural lubricants market.

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