SAN FRANCISCO, August 28, 2018 /PRNewswire/ --
Global Agricultural Lubricant Market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. The factors that drive the growth of the Global Agricultural Lubricant Market include increasing demand for lubricants in agricultural equipment to increase fuel economy, growing funds on the part of agriculture by government, and increase in productivity in the emerging markets. On the other hand, there are factors that may hamper the growth of the market including undermining lubricant product performance, and high cost of lubricants. Global Agricultural Lubricant Market is categorized based on product type, applications, and geography. Global Agricultural Lubricant Market is categorized based on as product type as Mineral oil, Greases, Bio-based, and Synthetic. The "Mineral oil Lubricants" segment led the Global Agricultural Lubricant Market in 2016 and is anticipated to maintain its dominance in the forecast period due to high adaptability and low cost of these mineral oil lubricants and it offers enhanced compatibility with seals and improved solubility with additives.
Global Agricultural Lubricant Market is categorized based on geography into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. India and China accounted for the major share of the Global Agricultural Lubricant Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing subsidies by the Chinese and Indian governments to help in food sustainability and usage of advanced machinery. The key players contributing to the robust growth of the Global Agricultural Lubricant Market comprise Petro China Company Limited, Idemitsu Kosan Co. Ltd., Sinopec Limited, and others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. This report studies the global Agricultural Lubricant market status and forecast, categorizes the global Agricultural Lubricant market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa. In 2017, the global Agricultural Lubricant market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx.x% between 2018 and 2025.
Access 109 page research report with TOC on "Agricultural Lubricant Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-agricultural-lubricant-industry-2018
In 2017, the global Agricultural Lubricant market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx.x% between 2018 and 2025.
The major manufacturers covered in this report
- Chevron (US)
- ExxonMobil (US)
- Fuchs Petrolub (Germany)
- Shell (The Netherlands)
- Total (France)
- BP p.l.c. (UK)
- Phillips 66 (US)
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
- North America
- South America
- Middle East & Africa
The regional scope of the study is as follows:
- North America
- United States
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Central & South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Mineral Oil Lubricants
- Synthetic Lubricants
- Bio-based Lubricants
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Gear & Transmission
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