Dec 18, 2017   SOURCE: BusinessWire

2017 $1.4 Billion Agricultural Lubricants Market by Type, Application, and Region - Global Forecast to 2022 - Research and Markets

The "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" report has been added to Research and Markets' offering.

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

Decrease in the agricultural labor force in both, developed and emerging nations has led to an increase in the use of farm machinery, such as tractors and combines, thereby increasing the demand for lubricants used for such machinery. Government subsidies on farm equipment in countries such as China, India, and the US have encouraged farmers to buy agricultural equipment, which, in turn, is leading to an increase in the demand for agricultural lubricants in these countries.

Tractors require diesel engines to pull large and heavy loads, and these engines require to be lubricated with engine oils once or twice a year to enable smooth functioning. Engine oils are used in agricultural equipment to provide wear protection to engines, and provide enhanced performance at extremely high or low temperatures.

China is the largest market for agricultural lubricants in the Asia Pacific region, in terms of value and volume. It is the world leader in farm output, with its produce comprising rice, wheat, tomato, peanuts, tea, cotton, and soybean. Improved agricultural regulations and policies and use of advanced machinery have helped China in becoming an independent and self-supporting country in terms of agricultural produce.

The Asia Pacific is expected to be the fastest-growing market for agricultural lubricants during the forecast period. Implementation of agricultural policies, such as providing subsidies for agricultural equipment in the region is resulting in an increasing demand for agricultural lubricants.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Agricultural Lubricants Market, By Type

7 Agricultural Lubricants Market, By Application

8 Agricultural Lubricants Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Bapco Lubricants
  • Bardahl Manufacturing Corporation
  • BP P.L.C.
  • Callow Oils
  • Chevron
  • Cougar Lubricants International
  • Dyade Lubricants
  • Exol Lubricants
  • Exxonmobil
  • Frontier Performance Lubricants
  • Fuchs Petrolub
  • Gulf Oil Lubricants India
  • Klondike Lubricants
  • Lubitec
  • Moorlands Fuels
  • Morris Lubricants
  • Normac Oils
  • Pennine Lubricants
  • Phillips 66
  • Repsol
  • Royal Precision Lubricants
  • Rymax Lubricants
  • Schaeffer Manufacturing Co.
  • Shell
  • Total
  • Unil Lubricants
  • Wise Solutions
  • Witham Oil and Paint

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