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Agricultural Lubricant Market - 2024-2031

Published Jan 12, 2026
Length 180 Pages
SKU # DTAM21021222

Description

AGRICULTURAL LUBRICANT MARKET SIZE

The Global Agricultural Lubricant Market is expected to grow at a CAGR of 5% during the forecast period (2024-2031).

Agricultural lubricant is used to ensure the smooth working & maintenance of the equipment. It helps to bring ease and comfort in the use of farm equipment and machinery. The agriculture lubricant is essential for the equipment that works on demanding terrain in changing weather. Agriculture lubricant has several benefits such as it protects equipment, enhancing temperature control, improving the life span of the machinery, enhances efficiency and reliability of machinery, reduces the downtime and costs associated with maintenance and repair.

MARKET DYNAMICS

The global agricultural lubricant is driven by the rising demand for growing eco-friendly chemicals with the surge in the investment chemical industry.

GROWING DEMAND FOR NUTRITIOUS FOODS WITH GROWING THE AGRICULTURE SECTOR MACHINERY AND EQUIPMENT FOR PERFORMING FARMING OPERATIONS

The market is driven by rising demand for agriculture sector machinery and equipment for performing farming operations. This farming equipment rental (https://www.datamintelligence.com/research-report/farm-equipment-rental-market) needs lubrication for better performance high efficiency reducing labour cost, protects surfaces against rust & corrosion from water or other corrosive substances etc. According to the European Agricultural Machinery Association (CEMA), the European countries such as Germany, Italy, France, the United Kingdom and the Netherlands has the largest producer of agricultural machinery whereas total Europe’s production of agricultural machinery is worth around the US $ 45 billion in 2017 increased by 6.4% as compared to 2016.

RISING DEMAND FOR FOOD WITH A GROWING GLOBAL POPULATION HAS PROPELLED THE AGRICULTURAL LUBRICANT MARKET

Increasing demand for food around the globe with the surge in the global population, As per the Food and Agricultural Organization of United Nations in 2018, the global population reached around 7.2 billion and is projected to reach 9 billion by 2050 which require a huge amount of the cultivation. It can be fulfilled by using efficient farming equipment which ultimately boosts the demand for agriculture lubricant for efficient working and operations.

GROWING LAUNCHING OF THE ADVANCED TECHNOLOGY EQUIPMENT FOR FARMING WITH STRICTER REQUIREMENTS AND RELEGATIONS FOR CO2 EMISSIONS MAY CREATE HUGE OPPORTUNITIES AND CHALLENGES FOR THIS MARKET

Growing adoption and launching of the advanced technology farming equipment to avoid the heavy agricultural operations by the leading players may create a huge opportunity for the growth of the agricultural lubricant market. For instance, on 6th July 2020, John Deere, the world one of the leading Agriculture equipment manufacturers launched a brand-new range of technology-powered tractors, harvesters and implements in India. These new equipment are launched with improved farm efficiency by catering to a wide variety of agro-climatic zones, crop types and implementing usage practices. It created a massive demand for agricultural lubricants around the globe.

COVID-19 IMPACT ANALYSIS

The global agricultural lubricant market has been slightly down during the Covid-19 pandemic due to several manufacturing facilities being closed. The agricultural lubricant demand has been increased since June 2020, several leading countries have opened manufacturing facilities and retail outlets.

The demand is continuously growing due to government initiatives schemes and fundings for the development of the agricultural sector. For instance in India, on 15th May 2020, Government has launched the Covid-19 economic package for agricultural and allied sectors aimed at strengthening infrastructure, logistics and capacity building. It created a massive demand for agricultural equipment in this region. The further market may increase as soon as the pandemic will over,

MARKET SEGMENT ANALYSIS

The global agricultural lubricant market is segmented based on type, viscosity grade, application, end-user and region.

RISING LAUNCHING OF MULTIGRADE ENGINE OILS BY THE LEADING PLAYERS

In terms of type, the global agricultural lubricant market is grease, engine oil, round-baler chain oils, HM/HV hydraulic fluids, gardening oils, mineral oil, synthetic oil, gearbox oil, hydraulic oil and others. Among these, engine oils have the highest market share in 2019, owing to their properties cold start-up temperatures down as low as -35o C, high temperature up to 1850 C and low temperature pumping viscosity. For instance, on 11th Nov 2018, Exol Lubricant launched Dexos2 approved Optima LSGM 5W-30 multigrade next generation of fully synthetic engine oil which reduces fuel consumption while ensuring maximum engine protection.

Similarly, grease, round-baler chain oils, HM/HV hydraulic fluids, gardening oils, mineral oil, synthetic oil, gearbox oil, hydraulic oil segments are also growing due to increasing adoption of the oil for the efficient performance of the farming equipment as well as several leading players are launching biodegradable a synthetic oil for better performance. For instance, on 23rd October 2020, Alhamrani-Fuchs Petroleum Saudi Arabia Ltd (AFPSAL) launched innovative and advanced super GT Oil for greater engine efficiency. It has several properties like oxidation sedimentation, facilitating protection for valve-moving units and improving fuel consumption.

VISCOSITY GRADE OF 10W-40 SEGMENT HAS THE HIGHEST DEMAND DUE TO ADOPTION AND LAUNCHING BY THE LEADING PLAYERS FOR COMMERCIAL HEAVY FARMING EQUIPMENT

In terms of viscosity grades, the global agricultural lubricant market is classified as 10W-30, 10W-40, 15W-40 20W-50 and others. Among these, 10W-40 viscosity grade has the highest market share in 2019, this is primarily due to the launching of this grade synthetic engine oil by the leading players. For instance, on 7th May 2019, Shell India has launched Rimula R5 LE 10W40 and R5 LE 10W30 synthetic engine oils designed for heavy-duty trucks in India. It provides enhanced engine protection and oxidation control as it is developed with CK4 technology as per the latest BS-VI emission norms.

RISING SALE OF THE FARMING HEAVY-DUTY VEHICLES AND EQUIPMENT SUCH AS TRACTORS, HARVESTERS, PLANTING, SEEDING AND TILLAGE EQUIPMENT HAS IMPELLED THE ENGINE SEGMENTAL GROWTH

Based on application, the global agricultural lubricant market is divided into engines, hydraulics, gears & transmission, grease, implements and others. Among these, the engine segment has the highest contribution owing to the rising production and sale of heavy-duty farming equipment and vehicles around the globe.

GROWING AGRICULTURAL CULTIVATION FOR HIGH YIELDING USING ADVANCED EQUIPMENT AND VEHICLES HAS IMPELLED THE GROWTH OF TRACTOR SEGMENTAL GROWTH AROUND THE GLOBE

Based on the end-user, the global agricultural lubricant is segmented into Tractors, Harvesters, Shedders, Balers, Verge cutters, Heavy-duty vehicles, Fodder mixers and others. Among these, the tractors segment has the highest market share in 2019, due to the rising sale of tractors for land cultivation around the globe and several leading players are launching small and compact size tractors which ultimately propelled the demand for the agricultural lubricant market. For instance on 17th August 2017, Mahindra launched'JIVO' new small tractor with an engine power of 24HP and power of 22HP. It created a massive demand for agricultural lubricant oil required for mini tractors.

MARKET GEOGRAPHICAL SHARE

ASIA-PACIFIC REGION HOLDS THE LARGEST MARKET SHARE GLOBAL AGRICULTURAL LUBRICANT MARKET

Asia-Pacific region is dominating the global Agricultural Lubricant market and accounted for the largest market share in 2019, due to the presence of agricultural land and rising government support and initiative funding for farmers followed by North America and Europe. As of 2019, India and China accounted for the highest share of the agriculture lubricant market.

Similarly, North America is also growing at a faster pace owing to the presence of advanced technology devices adoption and rising utilization of heavy farming machinery followed by Europe. As per the National Renewable Energy Laboratory (NREL), the United States has around 75% of domestic agricultural equipment manufactures which contributed nearly US$ 40 billion in total value-added of the gross domestic product.

COMPETITIVE LANDSCAPE

The Agricultural Lubricant market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Pennine Lubricant Limited (https://www.penninelubricants.co.uk/product-category/agricultural/), Cougar Lubricant International Ltd, Frontier Performance Lubricant, Inc, Exxon Mobil Corporation (https://www.mobil.eu/en-gb/lubricant-expertise/sectors/off-highway/agriculture), Exol Lubricant Limited, Witham Oil & Paint Ltd Rymax Lubricant, Repsol SA, Royal Dutch Shell Plc, Chevron Corporation, Total SA, BP plc, FUCHS PETROLUB SE, Phillips 66, Unil Lubricant, Schaeffer Manufacturing Co. and among others.

The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which are contributing to the growth of the Agricultural Lubricant market globally. For instance, on 23rd October 2020, Fuchs and BASF have partnered to develop a holistic real fact-based sustainability assessment of hydraulic fluids. This hydraulic oil is specially designed with a multigrade high viscosity index (VI) with cradle-to-grave analysis.

PHILLIPS 66

Overview: Phillips 66 was founded in 2012 and is based in Houston, Texas, United States. The Company manufactures energy products such as gasoline, diesel, jet fuel and lubricant, natural gas and natural gas liquids (NGL) for powering businesses, heating homes, cooking and electricity; and manufacture petrochemicals, polymers and plastics found in cars, electronics and other everyday goods.

Product Portfolio: The Company has a diverse product portfolio of Agricultural Lubricant including:

• DYNALIFE CG: Phillips 66 Dynalife CG is a high performance, a polymer containing, extreme pressure (EP), lithium grease developed for use in grease lubricated flexible couplings, such as those commonly found in mining & agriculture equipment, power plants, manufacturing plants and chemical plants. It is resistant to oil separation subjected to the high centrifugal forces typically encountered with medium and high-speed gear, metallic grid and chain couplings.
• Extra Duty Gear Oil: Premium extreme-pressure industrial gear oil; formulated with ""clean gear"" additive technology
• Firebird Aw Hydraulic Oil: Antiwear hydraulic oil formulated with re-refined base stocks

KEY DEVELOPMENTS:

• On 5th October 2020, Phillips 66 Lubricant launched next-generation turbine oils. It is premium quality mineral-based turbine oil specifically designed for non-geared steam, gas and combined-cycle turbine applications
• Further on 3rd Sept 2019, FUCHS in collaboration with OPET Petrolcülük has invested around US$ 28 million for setting up a new plant in Izmir, Turkey. It can facilitate production capacity of 60,000 tons of lubricant in one shift per year

Table of Contents

180 Pages
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Market Definition and Overview
3. Executive Summary
3.1. Market Snippet by Type
3.2. Market Snippet by Viscosity Grade
3.3. Market Snippet by Application
3.4. Market Snippet by End-User
3.5. Market Snippet by Region
4. Market Dynamics
4.1. Market Impacting Factors
4.2. Drivers
4.2.1. Increasing demand of adhesives by the end-user industries such as automotive, construction, packaging, textiles and footwear along with growing awareness about sustainable adhesive consumption
4.2.2. Increasing industrialization at rapid pace with government initiatives and schemes to promote businesses in several industries such as packaging and paperboard sector
4.3. Restraints:
4.3.1. XX
4.3.2. XX
4.4. Opportunity
4.5. Growing demand of bio-based adhesives development with the help of advanced technology is expected to strengthen industry growth
4.6. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. COVID-19 Analysis
6.1. Analysis of Covid-19 on the Market
6.1.1. Before COVID-19 Market Scenario
6.1.2. Present COVID-19 Market Scenario
6.1.3. After COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid Covid-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Type
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
7.1.2. Market Attractiveness Index, By Type
7.2. Greases*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Engine Oil
7.4. Round-Baler Chain Oils
7.5. HM/HV Hydraulic Fluids
7.6. Gardening Oils
7.7. Mineral Oil
7.8. Synthetic Oil
7.9. Gearbox Oil
7.10. Others
8. By Viscosity Grade
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
8.1.2. Market Attractiveness Index, By Viscosity Grade
8.2. 10W-30*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. 10W-40
8.4. 15W-40
8.5. 20W-50
8.6. Others
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Engines*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Hydraulics
9.4. Gears & Transmission
9.5. Grease
9.6. Implements
9.7. Others
10. End-User
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.1.2. Market Attractiveness Index, By End-User
10.2. Tractors*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Harvesters
10.4. Shedders
10.5. Balers
10.6. Verge cutters
10.7. Heavy-duty vehicles
10.8. Fodder mixers
10.9. Farm Equipments & Machinery
10.10. Others
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. U.K.
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Spain
11.3.7.6. Russia
11.3.7.7. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia-Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Viscosity Grade
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis
13. Company Profiles
13.1. Pennine Lubricant Limited *
13.1.1. Company Overview
13.1.2. Type Portfolio and Description
13.1.3. Key Highlights
13.1.4. Financial Overview
13.2. Cougar Lubricant International Ltd
13.3. Frontier Performance Lubricant, Inc
13.4. Exxon Mobil Corporation
13.5. Exol Lubricant Limited
13.6. Witham Oil & Paint Ltd Rymax Lubricant
13.7. Repsol SA
13.8. Royal Dutch Shell Plc
13.9. Chevron Corporation
13.10. Total SA
13.11. BP plc
13.12. FUCHS PETROLUB SE
13.13. Phillips 66
13.14. Unil Lubricant
13.15. Schaeffer Manufacturing Co. (List Not Exhaustive)
14. DataM Intelligence
14.1. Appendix
14.2. About Us and Services
14.3. Contact Us
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