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Pulished Date February, 2020
ID: 9483
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Agricultural Lubricants Market - By Type (Mineral Oil Based, Synthetic Lubricants, And Bio-Based), By Application (Engine, Hydraulics, Gear & Transmission, and Others), By Region (North America, Latin America, Asia Pacific, Europe, Middle East And Africa) –Industry Analysis, Size, Share, Growth, Trends, Forecast | 2020 – 2025

Pulished: February, 2020
ID: 9483
Pages: 130

Agricultural Lubricants Market Size, Share & Trends (2020 - 2025)

The global Agricultural Lubricants Market is employed to rise from USD 2.3 billion in 2020 to USD 3.4 billion by 2025, accounting for a growth rate of about 6% from 2020 to 2025.

Agricultural lubricants are materials that are employed for lubricating farm appliances and other machinery that are tractors, verge cutters, harvesters, and others. Agricultural lubricants are a very significant part of the agricultural segment as they are employed to escalate the efficiency of the agricultural appliance. Utilizing agricultural appliances is a very price effective technique as it enhances the life of the machine by putting a stop to its wear and tear, lessens the repair expense, and assists in keeping away the probabilities of early replacement. Broadly employed artificial lubricants are very expensive and need careful handling owing to their dangerous property. Machinery, technologies, and modern appliance assists in enhancing agricultural productivity and yield. Machinery and appliance employed for different agricultural practices assist to decrease the time and effort funded in the total procedure of producing agricultural products. Hence, the smooth working of this appliance and machinery is of high significance in order to maintain agricultural productivity.

Lubricant is the substance that is employed to decrease abrasion or friction between two surfaces that are in touch with each other. It assists in the elimination of heat, and change of power and is present in liquid, solid, and gaseous form. They are also present in semisolid states. Greases are one of the most general instances of lubricants in semisolid state. Additives (5-30%) are added to lubricants to improve its performance. Lubricants are employed in agricultural appliances to escalate productivity.

Recent Developments

  • Chevron Products Firm, a Chevron U.S.A. Inc. division, and Noria, provider of lubrication consulting services and training, declared the introduction of the ISO CLEAN Calculator, a first of its kind tool which assists firms to calculate possible appliance life based on lubricant cleanliness levels.

  • Shell declares the introduction of ‘Scale Track’ under its E4 program – Shell’s flagship start-up incubation program. The Scale Track is constructed for mature, energy-related start-ups who have gained a product-market fit with their commercial products.

Drivers of Agricultural Lubricants Market

The agricultural lubricants assist in the better functioning of the machinery and decrease the wear and tear caused owing to friction. There is a surge in the need for agricultural lubricants in engines, gear & transmission, greasing and others has been among the notable drivers of the industry in the coming years. Agricultural lubricants also assist in decreasing the price arising from repairs or replacement, and losses and downtime owing to the breakdown of the appliance.

The rise in population calls for food has skyrocketed that in turn calls high productivity of agricultural products, which is the key factor boosting the expansion of the global agricultural lubricant industry. Motivation from the government to hold the latest agricultural practices as well as the monetary support offered to the farmers is also driving the expansion of the agricultural lubricants market. Reduction in the presence of agricultural workers, resulting in escalated labor expenses is the crucial driving factor for the agricultural lubricant industry. Furthermore, the growing focus towards mechanization in the agricultural segment is also one of the factors boosting the expansion of the agricultural lubricants industry. Also, the allocation offered by the government for agricultural appliances fuels the expansion of the global agricultural lubricant industry.

The high price of lubricants and their less performance are key factors restraining the expansion of the industry. Coaxing small-scale farmers to employ agricultural lubricants is very challenging work. Less capital with the small-scale farmers is also a hindrance in their way to embrace agricultural lubricants as they choose to stick to conventional price-friendly methods. Also, high expenses related to the bio-based lubricants are the critical restraint for business expansion.

Challenges in the Agricultural Lubricants Market

Nevertheless, artificial lubricants that give better output than their counterparts, are expensive and dangerous and need special attention while handling. Hence, there always remains a requirement for low-cost alternatives with the same performance as that of artificial lubricants.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

6%

Segments Covered

By Type, Application, End-user and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Exxon Mobil Corporation (US), Royal Dutch Shell Plc (Netherlands), Chevron Corporation (US), Total SA (France), BP plc (UK), FUCHS PETROLUB SE (Germany), Phillips 66 (US), Exol Lubricants Limited (UK), Witham Oil & Paint Ltd (UK), Rymax Lubricants (Netherlands), Repsol SA (Spain), Cougar Lubricants International Ltd (UK), Schaeffer Manufacturing Co. (US), Pennine Lubricants Limited (UK)

 

Agricultural Lubricants Market

Agricultural Lubricants Market is Segmented into the following categories as per the research report until 2025.

Agricultural Lubricants Market - By Type

  • Mineral Oil Based
  • Synthetic Lubricants
  • Bio-Based

Presently, the global industry is led by the synthetic lubricants sector, owing to enhanced efficiency of the appliance, better oxidation resistance that can transfer into longer life, and higher flash or fire points. The synthetic lubricant segment is estimated to continue its lead during the foreseen period.

Agricultural Lubricants Market - By Application

  • engine
  • hydraulics
  • gear & transmission
  • others

The industry is presently led by the engine sector, followed by the gear & transmission sector. Both sectors are employed to hold a high share of the industry during the envisioned period. These sectors are also deemed to rise at a steady pace in the future. 

Agricultural Lubricants Market - By Region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

On the basis of region, the industry was led by the Asia Pacific, due to the availability of key producers of corn, wheat, and rice like China, India, and the ASEAN countries. China is the worldwide leader on the basis of the production of rice. Agriculture is one of the major contributors to the GDP of most of the regions in the Asia Pacific. Agriculture has been one of the major sources of income and employment for the individuals of most nations in the Asia Pacific until the past few decades. The industry for agricultural lubricants in the Asia Pacific is estimated to grow at a fast pace during the foreseen period. Nations in Europe and North America are converting to bio-based lubricants due to the dangers related to the employment of synthetic lubricants. Asia-Pacific was the most significant contributor to the global agricultural lubricants market in the previous years, with China recording as the largest producer of rice, tomato, and cotton. The area is also employed to register the largest expansion during the foreseen period, as 57% of the nations in the vicinity have agriculture as their major occupation. North America has been registered as the second leading industry after APAC, which is followed by Europe. 

Key players working in the global Agricultural lubricants market are Exxon Mobil Corporation (US), Royal Dutch Shell Plc (Netherlands), Chevron Corporation (US), Total SA (France), BP plc (UK), FUCHS PETROLUB SE (Germany), Phillips 66 (US), Exol Lubricants Limited (UK), Witham Oil & Paint Ltd (UK), Rymax Lubricants (Netherlands), Repsol SA (Spain), Cougar Lubricants International Ltd (UK), Schaeffer Manufacturing Co. (US), Pennine Lubricants Limited (UK), Frontier Performance Lubricants, Inc. (US), and Unil Lubricants (Belgium),

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                 

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                          

               2.1 Analysis Design                         

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation   

               2.3 Study Timeline                          

3. Report Overview                                       

               3.1 Executive Summary                 

               3.2 Key Inferencees                       

4. Market Dynamics                                      

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                       

               4.3 Technology Timeline & Recent Trends                             

5. Competitor Benchmarking Analysis                                    

               5.1 Key Player Benchmarking                      

                              5.1.1 Market share analysis         

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                       

               5.3 Joint Ventures & Collaborations                         

6. Market Segmentation                              

               6.1 Agricultural Lubricants Market, By Type                          

                              6.1.1 Mineral Oil Based  

                              6.1.2 Synthetic Lubricants            

                              6.1.3 Bio-Based

                              6.1.4 Market Size Estimations & Forecasts (2019-2024)     

                              6.1.5 Y-o-Y Growth Rate Analysis              

                              6.1.6 Market Attractiveness Index             

               6.2 Agricultural Lubricants Market, By Application                             

                              6.2.1 Engine       

                              6.2.2 Hydraulics

                              6.2.3 Gear & Transmission           

                              6.2.4 Market Size Estimations & Forecasts (2019-2024)     

                              6.2.5 Y-o-Y Growth Rate Analysis              

                              6.2.6 Market Attractiveness Index             

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                       

               7.2 North America - Market Analysis (2018 - 2024)                            

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type     

                              7.2.3 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type     

                              7.3.3 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type     

                              7.4.3 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type     

                              7.5.3 By Application        

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type     

                              7.6.3 By Application        

8. Key Player Analysis                                   

               8.1 Exxon Mobil Corporation                      

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 Royal Dutch Shell Plc               

               8.3 Chevron Corporation                             

               8.4 Total SA                      

               8.5 BP plc                          

               8.6 FUCHS PETROLUB SE                             

               8.7 Phillips 66                   

               8.8 Exol Lubricants Limited                         

               8.9 Witham Oil & Paint Ltd                          

               8.10 Rymax Lubricants                  

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Type, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Agricultural Lubricants Market By Region, From 2020-2025 ( USD Billion )

  2. Global Agricultural Lubricants Market By Type, From 2020-2025 ( USD Billion )

  3. Global Mineral Oil Based Market By Region, From 2020-2025 ( USD Billion )

  4. Global Synthetic Lubricants Market By Region, From 2020-2025 ( USD Billion )

  5. Global Bio-Based Market By Region, From 2020-2025 ( USD Billion )

  6. Global Agricultural Lubricants Market By Application, From 2020-2025 ( USD Billion )

  7. Global Engine Market By Region, From 2020-2025 ( USD Billion )

  8. Global Hydraulics Market By Region, From 2020-2025 ( USD Billion )

  9. Global Gear & Transmission Market By Region, From 2020-2025 ( USD Billion )

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