시장 개관

The global agricultural lubricants market recorded a value of USD 2.9 10억 2021, USD에 도달할 것으로 예상됩니다. 3.4 10억 단위로 2027, CAGR로 성장 2.5%. 에 의해 2027, the market is projected to sell approximately 1.5 million tons of agricultural lubricants. These lubricants offer several advantages such as friction reduction, wear and tear prevention, and temperature control, thereby improving the efficiency, lifespan, and reliability of tractor and other agriculture equipment engine components. The primary lubricants used in agricultural tractors are transmission mineral-based oils, as these vehicles perform heavy-duty tasks that result in wear and tear, impacting their efficiency. The demand for agricultural lubricants is expected to expand in developing economies like India, 베트남, 중국, and Brazil due to the increased use of farm tractors.

China is the largest consumer of agricultural lubricants in the Asia Pacific region both in terms of volume and revenue. The country is a key market leader in agricultural output, producing commodities such as rice, 토마토, cotton, soybeans, tea, and wheat. Improved regulatory policies have enabled China to become self-sufficient in agriculture commodities production.

~ 안에 2021, tractor sales in Canada increased by 19.4% 전년도에 비해. The sales of tractors with less than 40 HP surged by 42.1% in July 2020 compared to July 2019. These factors have had a positive impact on the Canadian agricultural lubricants market.

In the UK, farmers and landlords managed 71% of the country’s land in 2020 to protect the environment, animals, and plants. The agriculture sector is highly susceptible to temperature changes. 그러므로, the government is implementing stringent measures for climate neutralization and achieving net-zero emissions by 2050 to promote sustainability in agricultural activities.

The demand for bio-based lubricants is on the rise globally due to their advantages such as non-toxicity, carbon neutrality, renewability, and environmental friendliness. The growth drivers include increasing demand for agricultural lubricants with superior product qualities like biodegradability, high flash points, constant viscosity, and lower emission levels. Depletion of global crude oil reserves and rising costs have contributed to the increased demand for bio-based products. 추가적으로, expanding research and development initiatives, technological innovations, growing environmental concerns, and strict government regulations on synthetic lubricants will further propel the bio-based lubricant market in the coming years.

Europe will dominate the bio-based lubricant market due to mandatory regulations pertaining to its consumption. European regulations make it compulsory to use oils that meet EOCLABEL specifications. EU-Ecolabel products offer advantages such as reduced impact on aquatic environments and soil, lower carbon dioxide emissions, a high percentage of renewable raw materials, and limited use of hazardous substances.

Several countries have introduced government subsidies that have significantly contributed to the growth of the agricultural industry. 예를 들어, the United States invested around USD 48 billion in the agricultural sector with the aim of maintaining fair food prices, conserving natural resources, and ensuring an adequate supply of food commodities. These factors drive the consumption of agricultural equipment and lubricants. 비슷하게, the Chinese government subsidizes rural farmers and encourages the production of specific crops to reduce dependency on imported goods like U.S. soybeans, leading to increased machinery usage and lubricant demand in the agricultural sector.

Crude oil prices are subject to fluctuations in demand and supply. The recent COVID-19 pandemic resulted in a decline in demand and influenced crude oil prices. Although the economy is recovering, global uncertainties continue to impact oil prices. ~ 안에 2020, there was a significant increase in the prices of greases and hydraulic fluids. This hike can be attributed to the high demand for base oil supplies, which has simultaneously raised the costs of additives, 포장, and other resources. The pandemic has caused disruptions in supply and value chains, resulting in a shortage of base oils and additives for lubricant manufacturers. These factors have increased operating costs and affected the demand and supply of oils.

시장 세분화

시장은 다양한 요인에 따라 분류됩니다., including types of lubricants, types of oil, distribution channels, 지리학.

Types of Lubricants
Mineral Oil
Synthetic Oil
Bio-based Oil

Products
Engine Oil
Transmission and Gear
Hydraulic Oil
Greases
기타

Distribution Channels:
온라인 – Direct Sale, Third-Party Sale
오프라인 – 전문점, 편의점

지역별 세분화
북아메리카 – 우리를, 캐나다
유럽 – 독일, 프랑스, 영국, 러시아
APAC – 중국, 일본, 인도
라틴 아메리카 – 브라질, 멕시코
중동 & 아프리카 – 남아프리카, UAE

~ 안에 2021, mineral-based lubricants emerged as the dominant force in the market, commanding a value of USD 1.3 10억. These lubricants are manufactured through the crude distillation and cracking processes, utilizing Group I, 그룹 II, and Group III base oils derived from crude oil. Mineral-based lubricants offer superior properties such as excellent solubility with additives, compatibility with seals, and cost-effectiveness. These factors have positively influenced the market.

The synthetic lubricant segment is projected to be the second-largest in the market, 복합적인 연간 성장률을 보이고 있음 (CAGR) ~의 2.45% 예측 기간 동안. Synthetic-based oils possess advantageous characteristics such as a higher viscosity index, improved chemical and shear stability, resistance to oxidation and thermal breakdown, and superior lubrication performance in extreme weather conditions. Synthetic lubricants also contribute to reduced wear and tear on machinery due to their stability, ultimately resulting in cost savings for maintenance. These factors drive the consumption of synthetic-based lubricants.

Engine oil, a type of lubricant, holds the dominant position within the product segment and is expected to experience significant growth throughout the forecast period. Engine oils play a crucial role in protecting engines from wear and tear caused by varying temperatures and pressures. Proper engine lubrication is vital for safeguarding the engine and minimizing the risk of damage and failure, underscoring the importance of selecting high-quality lubricants.

Offline sales channels continue to be the primary avenue for agricultural lubricant sales. The establishment of online distribution channels incurs lower expenses, enabling suppliers to offer products at a competitive price point. 결과적으로, the advantages associated with online distribution channels are expected to drive the growth of online sales in the projected period.

The rising awareness of environmental issues and government initiatives promoting sustainability will propel the demand for agricultural lubricants, particularly in the Asia-Pacific (APAC) 지역.

APAC stands as the most significant and fastest-growing market for agricultural lubricants. Led by China, the region is experiencing a surge in demand driven by factors such as demographics, economic conditions, environmental concerns, 그리고 기술 발전. As industrialization progresses, the agriculture sector and the need for agricultural equipment will also witness growth.

Countries like Australia and India are expected to enhance their production capacities of agricultural lubricants in order to reduce reliance on imported oils. 추가적으로, growing environmental consciousness and government efforts to promote sustainability and self-reliance serve as further drivers for the regional agricultural lubricant market.

경쟁 구도

The market is characterized by the presence of key industry participants such as Petro-Canada Lubricant Inc., Valvoline Inc., BP P.L.C, Royal Dutch Shell PLC, FUCHS Group, 쉐브론 코퍼레이션, Exxon Mobil, Total Energies, Phillips 66, and Condat.

The agricultural lubricant market exhibits a high level of competition, with diverse manufacturers operating at both global and regional levels. These industry participants are consistently engaged in activities such as mergers and acquisitions, 기술 발전, and other operational strategies to gain a competitive advantage in the market.

Key companies profiled in this report include Petro Canada, Valvoline, B.P Plc, Royal Dutch Shell, Chevron, 푹스, ExxonMobil, Total Energies, Philip 66, Condat, Exol Lubricants, Unil Lubricants, Morris Lubricant, Dyade Lubricants, Cougar Lubricants, Repsol.

주요 질문에 대한 답변

What is the projected market value of the Agricultural Lubricants market?
The Agricultural Lubricants market is projected to reach a value of USD 3.4 10억 단위로 2027.

What is the anticipated growth rate of the Agricultural Lubricants market?
The Agricultural Lubricants market is expected to grow at a compound annual growth rate (CAGR) ~의 2.57% during the period 2021-2027.

How many units of agricultural lubricants are estimated to be sold in 2027?
According to Arizton Advisory & Intelligence, it is estimated that over 1.5 million tons of agricultural lubricants will be sold by 2027.

What was the market value of the mineral-based lubricant industry?
The market size of the mineral-based lubricant industry exceeded USD 1.3 10억 2021.

What is the expected growth rate of the synthetic agricultural lubricant industry?
The synthetic agricultural lubricant industry is anticipated to be the second-largest segment in the market, 예상 CAGR은 다음과 같습니다. 2.45% 예측 기간 동안.

Who are the major vendors in the global agricultural lubricants industry?
The key industry participants in the global agricultural lubricants industry include Petro-Canada Lubricant Inc., Valvoline Inc., BP P.L.C, Royal Dutch Shell PLC, FUCHS Group, 쉐브론 코퍼레이션, Exxon Mobil, Phillips 66, Condat, and Total Energies.