Global agricultural lubricants market is projected to register a CAGR of 3.8% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Global Agricultural Lubricants Market By Type (Engine Oil, Grease, Hydraulic Oils, Transformer Oil, Crankcase Oils, Bar and Chain Oil, Others), Raw Material (Petroleum Based Lubricants and Bio-Based Lubricants), Application (Engines, Gear & Transmission, Hydraulics, Greasing, Chain, Implements, Others), Agricultural Equipment (Tractors, Harvesters, Corn-Pickers, Balers, Verge Cutters, Circular Spike Harrows, Stone Grinders, Fertiliser Spreaders, Slurry Tankers, Sprayers, Fodder Mixers, Silage Spreaders, Straw Blowers, Mowers and Mower-Conditioners, Hay Tedders, Hay Rakes, Bale Wrappers, Grape Harvesting Machines and Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the agricultural lubricants market:
- Government initiatives to promote the mechanization in agricultural sector by offering financial help and subsidies is expected to boost agricultural lubricants globally
- Growing adoption of agricultural machinery to increase the productivity is boosting the demand for agricultural lubricants
The major players of global agricultural lubricants market are:
- Royal Dutch Shell plc
- BP p.l.c.
- Chevron Corporation
- Exxon Mobil Corporation
- Eni S.p.A.
- Phillips 66
- Morris Lubricants
- LUBRITA EUROPE B.V
- Dyade Lubricants
- LUBRITA EUROPE B.V
- The Bahrain Petroleum Company B.S.C.
- Gulf Oil International
- KLONDIKE Lubricants Corporation
- Cougar Lubricants International Ltd