The agricultural Lubricants market is among the fastest-growing lubricant markets with a 5.84% growth outlook per annum between 2023 and 2030. Amidst strong growth prospects for agricultural lubricant sales, the report provides an in-depth analysis of trends, growth opportunities, and market size outlook of different types. Key agricultural lubricants analyzed in the report include Mineral Oil Lubricants, Synthetic Lubricants, and Bio-Based Lubricants. A wide range of applications including Engines, Gears & Transmission, Hydraulics, Greasing, and Implements offer growth opportunities for companies. The report also analyzes the leading agricultural lubricant companies. Further, country-wise forecasts of agricultural lubricants are provided across 25 markets.
Agricultural Lubricants Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
With modern agricultural practices gaining rapid market penetration, agricultural lubricants for tractors, tillage, scrappers, spray machines, harvesting machines, and others are gaining rapid demand.
The $3.7 billion global agricultural lubricants market size is forecast to grow at a CAGR of 5.84% over the forecast period. The agricultural lubricants market study presents an analysis and outlook of Mineral Oil Lubricants, Synthetic Lubricants, and Bio-Based Lubricants.
Amidst intense competitive conditions, agricultural lubricant companies are manufacturing a diverse product range for engines, gears & transmission, hydraulics, greasing, and implements applications. The market size is forecast across regions from 2021 to 2030.
The global Agricultural Lubricants market size stood at $3.7 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Agricultural Lubricants market is likely to register a steady revenue increase at a compounded annual growth rate of 5.84 percent to reach $5.8 billion by 2030.
Agricultural Lubricants Market Trends- Bio-based Lubricants (Bio-Lubricants) gain wide attraction from end-user industries
Rapid demand growth for bio-lubricants is encouraging specialty chemical companies to market products for specific agricultural needs and to address environmental concerns. Feedstock including Rapeseed/Canola, Sunflower, Soybean, Corn, Palm, Coconut, and others are widely marketed in the industry. Products with superior lubricity, high viscosity index (VI), base stock renewability and high flash points are being put forward by companies.
As these types of agricultural lubricants are biodegradable and have a favorable environmental footprint, they are increasingly being adopted by consumers across developing and developed countries. The market growth is further supported by the ongoing research toward improving agricultural lubricants that use base oils made from the biodegradable feedstock.
Agricultural Lubricants Market Drivers- Asia Pacific presents robust growth opportunities for agricultural lubricant manufacturers and traders
Robust market demand for agricultural lubricants in the country is encouraging leading companies to launch innovative lubricants to secure maximum operational reliability of all agricultural units. China and India are large consumers of farm tractors, and other farming machinery, encouraging robust demand potential for agricultural lubricants.
Despite the high costs of Bio-lubricants using vegetable oil feedstock over conventional mineral lubricants, government regulations and the drive towards environment-friendly fuels are encouraging market acceptance for the products. However, the feedstock availability for bio-lubricants faces intense competition from the use of vegetable oil in food and feed applications.
Agricultural Lubricants Market Segmentation
Types
Applications
Companies
1. Executive Summary
1.1 Introduction to Agricultural Lubricants Markets
1.2 Agricultural Lubricants Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Agricultural Lubricants Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Agricultural Lubricants Market Trends
3.1.1 Bio-based Lubricants (Bio-Lubricants) gain wide attraction from end-user industries
3.1.2 Companies market high performance and cost-savings as the key benefits for attracting customers
3.2 Key Agricultural Lubricants Market Growth Drivers
3.2.1 Asia Pacific presents robust growth opportunities for agricultural lubricant manufacturers and traders
3.2.2 Drive for improved efficiency in agriculture machinery supports market growth
3.2.3 Increase in sales of modern agriculture machinery
3.3 Key Agricultural Lubricants Market Growth Restraints
3.3.1 Challenges associated with toxic lubricants let into the environment
3.3.2 Volatility in raw materials with oil price fluctuations
4 Agricultural Lubricants Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Agricultural Lubricants Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Agricultural Lubricants Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Agricultural Lubricants Market Size Outlook to 2030
5. Agricultural Lubricants Market Segmentation- Outlook by Type
5.1 Agricultural Lubricants Market Share Analysis by Type, 2023
5.2 Mineral Oil Lubricants Market Outlook to 2030
5.3 Synthetic Lubricants Market Outlook to 2030
5.4 Bio-Based Lubricants Market Outlook to 2030
6. Agricultural Lubricants Market Segmentation- Outlook by Application
6.1 Agricultural Lubricants Market Share Analysis by Application, 2023
6.2 Engines: Agricultural Lubricants Market Outlook to 2030
6.3 Gears & Transmission: Agricultural Lubricants Market Outlook to 2030
6.4 Hydraulics: Agricultural Lubricants Market Outlook to 2030
6.5 Greasing: Agricultural Lubricants Market Outlook to 2030
6.6 Implements: Agricultural Lubricants Market Outlook to 2030
7. North America Agricultural Lubricants Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Agricultural Lubricants Market Growth Opportunities
7.2.1 North America Agricultural Lubricants Market Outlook by Type, 2021 to 2030
7.2.2 North America Agricultural Lubricants Market Outlook by Application, 2021 to 2030
7.2.3 North America Agricultural Lubricants Market Outlook by Country, 2021 to 2030
7.3 United States Agricultural Lubricants Market Outlook, 2021 to 2030
7.4 Canada Agricultural Lubricants Market Outlook, 2021 to 2030
7.5 Mexico Agricultural Lubricants Market Outlook, 2021 to 2030
8. Europe Agricultural Lubricants Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Agricultural Lubricants Market Growth Opportunities
8.2.1 Europe Agricultural Lubricants Market Outlook by Type, 2021 to 2030
8.2.2 Europe Agricultural Lubricants Market Outlook by Application, 2021 to 2030
8.2.3 Europe Agricultural Lubricants Market Outlook by Country, 2021 to 2030
8.3 Germany Agricultural Lubricants Market Outlook, 2021 to 2030
8.4 France Agricultural Lubricants Market Outlook, 2021 to 2030
8.5 United Kingdom Agricultural Lubricants Market Outlook, 2021 to 2030
8.6 Spain Agricultural Lubricants Market Outlook, 2021 to 2030
8.7 Italy Agricultural Lubricants Market Outlook, 2021 to 2030
8.8 Other Europe Agricultural Lubricants Market Outlook, 2021 to 2030
9. Asia Pacific Agricultural Lubricants Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Agricultural Lubricants Market Growth Opportunities
9.2.1 Asia Pacific Agricultural Lubricants Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Agricultural Lubricants Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Agricultural Lubricants Market Outlook by Country, 2021 to 2030
9.3 China Agricultural Lubricants Market Outlook, 2021 to 2030
9.4 Japan Agricultural Lubricants Market Outlook, 2021 to 2030
9.5 India Agricultural Lubricants Market Outlook, 2021 to 2030
9.6 South Korea Agricultural Lubricants Market Outlook, 2021 to 2030
9.7 Indonesia Agricultural Lubricants Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Agricultural Lubricants Market Outlook, 2021 to 2030
10. South and Central America Agricultural Lubricants Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Agricultural Lubricants Market Growth Opportunities
10.2.1 South and Central America Agricultural Lubricants Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Agricultural Lubricants Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Agricultural Lubricants Market Outlook by Country, 2021 to 2030
10.3 Brazil Agricultural Lubricants Market Outlook, 2021 to 2030
10.4 Argentina Agricultural Lubricants Market Outlook, 2021 to 2030
10.5 Other Latin America Agricultural Lubricants Market Outlook, 2021 to 2030
11. Middle East and Africa Agricultural Lubricants Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Agricultural Lubricants Market Growth Opportunities
11.2.1 Middle East and Africa Agricultural Lubricants Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Agricultural Lubricants Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Agricultural Lubricants Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Agricultural Lubricants Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Agricultural Lubricants Market Outlook, 2021 to 2030
11.5 Other Middle East Agricultural Lubricants Market Outlook, 2021 to 2030
11.6 Egypt Agricultural Lubricants Market Outlook, 2021 to 2030
11.7 South Africa Agricultural Lubricants Market Outlook, 2021 to 2030
11.8 Other Africa Agricultural Lubricants Market Outlook, 2021 to 2030
12. Profiles of major world Agricultural Lubricants Companies
12.1 Exxon Mobil Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 Royal Dutch Shell Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Chevron Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Total SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Schaeffer Manufacturing Co
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Pennine Lubricants
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Frontier Performance Lubricants
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 BP plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Witham Oil & Paint Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.10 Repsol SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Asia Pacific presents robust growth opportunities for agricultural lubricant manufacturers and traders, drive for improved efficiency in agriculture machinery supports market growth, an increase in sales of modern agriculture machinery, companies market high-performance and cost-savings as the key benefits for attracting customers
The global Agricultural Lubricants market size stood at $3.7 billion in 2022.
From 2023 to 2030, the Agricultural Lubricants market is likely to register a steady revenue increase at a compounded annual growth rate of 5.84 percent to reach $5.8 billion by 2030.
Exxon Mobil Corporation, Royal Dutch Shell Plc, Chevron Corporation, Total SA, Schaeffer Manufacturing Co, Pennine Lubricants, Frontier Performance Lubricants, BP plc, Exol Lubricants Limited, Witham Oil & Paint Ltd, Rymax Lubricants, Repsol SA, and others
Bio-based Lubricants (Bio-Lubricants) gain wide attraction from end-user industries