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

December 18, 2017

DUBLIN–(BUSINESS WIRE)–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

For more information about this report visit https://www.researchandmarkets.com/research/7j22b6/2017_1_4_billion?w=4

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Related
Topics: Agriculture,
Lubricants
and Greases