Agricultural Lubricants Market Size, High Demand, Future Scope, Recent Trends, Applications, Types, Products, Industry Analysis and Forecast Report 2027

February 12 22:12 2021
The study methodologies used to examine the Agricultural Lubricants market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

The accelerated adoption of cutting edge agricultural equipment and machinery and the availability of a wide range of durable and reliable products to augment the productivity of agricultural fields are major factors stimulating market growth.

The Global Agricultural Lubricants Market is expected to be valued at USD 4.28 Billion in 2027 from USD 2.88 Billion in 2019, registering a CAGR of 5.4% through the forecast period. The market’s augmented growth can be accredited to the escalating investment in the development of advanced agricultural lubricants by the prominent manufacturers in the market. Additionally, the availability of a wide range of agricultural lubricants that are durable, innovative, reliable, and cost-efficient is further adding to the market growth.

The augmented need to decrease the maintenance and operating costs and prolong the lifespan of the machine parts of the harvesters and tractors is further adding traction to the market growth. The growing requirement for agricultural lubricants to be efficient under harsh environmental conditions such as extreme temperatures, dust, and humidity has boosted the adoption of lubricants in the agricultural industry. The extensive application of agricultural lubricants reduces carbon emissions and maximizes the uptime of the farming equipment and machinery, particularly in the peak farming season.

The advent of green chemistry has further propelled the growth of the market. Green chemistry, popularly known as sustainable chemistry, aims to mitigate pollution through efficient agricultural and other processes. The main purpose of green chemistry is the development of less hazardous chemical syntheses, reduce the dependence of chemical derivatives, and augment energy efficiency. This has boosted the growth of bio-based agriculture lubricants by farming machinery. Moreover, the growing trend and inclination towards bio-based lubricants over chemical lubricants have augmented the scope of green chemistry, in turn driving the market growth.

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Key Highlights from the Report:

The engine sub-segment occupied a sizeable share of 45.3% in the global market in 2019 and is projected to grow significantly over the projected timeframe. The augmenting need to reduce friction, inhibit wear and tear, and provide cooling to maintain the thermal control of the engine has boosted the use of lubricants in the engine.

The bio-based agricultural lubricants sub-segment is projected to expand at a significantly high CAGR of 6.4% throughout the estimated period. Extensive R&D activities, the advent of sustainable chemistry, and stringent regulatory standards have boosted the segment’s expansion.

The Asia Pacific region occupied a maximum share of the market in 2019 and is estimated to register the highest growth rate in the forthcoming years. The regional growth can be accredited to the increasing application of technologically upgraded agricultural equipment to boost the farm’s productivity to cater to the growing global demand for food.

Major companies in the market include Exol Lubricants Limited, Royal Dutch Shell, BP, Total SE, Chevron Corporation, Phillips 66, Fuchs Petrolub, ExxonMobil Corporation, Schaeffer Oil, and Repsol.

In 2020, Royal Dutch Shell, Plc., an oil and gas giant, launched a radical cost-effective initiative to back the transition of energy and make more investments in the renewable energy and power industry. The cost-effective effort of Royal Dutch Shell, called “Project Reshape” in the company, was set to begin by the end of 2020.

For the purpose of this report, Emergen Research has segmented the Global Agricultural Lubricants Market on the basis of application, type, and region:

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Application Outlook (Revenue, USD Billion; 2017–2027)

Greasing

Engines

Hydraulics

Implements

Gears & Transmission

Type Outlook (Revenue, USD Billion; 2017–2027)

Bio-based

Mineral Oil

Synthetic     

Regional Outlook (Revenue, USD Billion; 2017–2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Here are the questions we answer…

At what rate will the Agricultural Lubricants Market grow? What will be the value of the market in 2027?

What are the key technologies driving the Agricultural Lubricants Market?

What would be the impact of Agricultural Lubricants Market across different regions?

What are the strategies adopted by players to enter the APAC region?

What is the critical application of the Agricultural Lubricants Market in the different sectors?

What are future growth strategies in the market?

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Table of Content

Chapter 1. Market Synopsis

    1.1. Agricultural Lubricants Market Definition

    1.2. Agricultural Lubricants Market Research Scope & Premise

    1.3. Agricultural Lubricants Market Methodology

    1.4. Agricultural Lubricants Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Agricultural Lubricants Market Segmentation & Impact Analysis

    4.1. Agricultural Lubricants Market Product Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

Chapter 5. Agricultural Lubricants Market By Method Insights & Trends

Chapter 6. Agricultural Lubricants Market By End-Use Insights & Trends

Chapter 7. Agricultural Lubricants Market By Application Insights & Trends

Chapter 8. Agricultural Lubricants Market Regional Outlook

Chapter 9. Agricultural Lubricants Market Competitive Landscape

Chapter 10. Company Profiles

Continue…

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