Agricultural Lubricants Market worth 2.48 Billion USD by 2022 Agricultural Lubricants Market Global Industry Res | Page 3
Agricultural Lubricants Market Global Industry worth 2.48 Billion
USD by 2022
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The mineral oil lubricants segment is projected to be the largest type segment of the agricultural
lubricants market from 2017 to 2022. 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.
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• Asia Pacific is expected to be the fastest-growing market for agricultural lubricants during the forecast
period. For people in 57% of the countries in the Asia Pacific, agriculture is the prime occupation and
source of living.
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