Lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity.
The mineral oil lubricants segment is projected to be the largest type segment of the agricultural lubricants market from 2018 to 2025. Mineral oil lubricants are light mixtures of alkanes and cyclic paraffins, and are available in light and heavy grades depending on the usage and requirement. The low cost and versatility of these lubricants is expected to drive the mineral oil lubricants type segment during the forecast period.
The engines segment is estimated to be the largest application segment of the agricultural lubricants market in 2017. The use of agricultural lubricants in engines helps protect against sludge and harmful deposits. In addition, the use of lubricants improves the fuel economy of agricultural equipment. Thus, heavy-duty engine oils in agricultural equipment improve engine life apart from delivering long drain capability to engines operating in severe applications.
Asia Pacific is expected to be the fastest-growing market for agricultural lubricants during the forecast period. For people in 60% of the countries in the Asia Pacific, agriculture is the prime occupation and source of living. India is the fastest growing market in this region as subsidies are provided by the Indian government to farmers to help them increase their agricultural output, and thus enable higher profits. This helps farmers in buying agricultural equipment, such as tractors and implements. India is the world’s largest producer of spices, jute, millets, and castor oil seed. It is also the second largest producer of wheat and rice, the main food staples in the world.
The global Agricultural Lubricant market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Agricultural Lubricant volume and value at global level, regional level and company level. From a global perspective, this report represents overall Agricultural Lubricant market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Agricultural Lubricant in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Agricultural Lubricant manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Exxonmobil
Shell
Chevron
Total
BP
Fuchs
Phillips 66
Exol Lubricants
Witham Oil and Paint
Rymax Lubricants
Cougar Lubricants
Schaeffer Manufacturing
Pennine Lubricants
Unil Lubricants
Royal Precision Lubricants
Crown Oil
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Mineral Oil Lubricant
Synthetic Lubricant
Bio-based Lubricant
Segment by Application
Engines
Gear & Transmission
Hydraulics
Greasing
Implements
Others
Summary:
Get latest Market Research Reports on Agricultural Lubricant . Industry analysis & Market Report on Agricultural Lubricant is a syndicated market report, published as Global Agricultural Lubricant Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Agricultural Lubricant market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.