NEW YORK, May 18, 2021 /PRNewswire/ —
The global agricultural lubricants market is expected to grow by USD 657.45 million, according to Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.
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The agricultural lubricants market is driven by the high adoption of agricultural machines. In addition, the increasing demand for high-quality lubricants is anticipated to boost the growth of the Agricultural Lubricants Market.
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Major Five Agricultural Lubricants Companies:
- BP Plc
- Chevron Corp.
- CONDAT group
- Exxon Mobil Corp.
- FUCHS PETROLUB SE
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Agricultural Lubricants Market Type Outlook (Revenue, USD mn, 2020-2025)
- Mineral oil-based lubricants – size and forecast 2020-2025
- Synthetic-based lubricants – size and forecast 2020-2025
- Bio-based lubricants – size and forecast 2020-2025
Agricultural Lubricants Market Geography Outlook (Revenue, USD mn, 2020-2025)
- APAC – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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