- India’s Bureau of Indian Standards (BIS) establishes quality standards and certification processes for lubricants, ensuring their safety, performance, and reliability for use in agricultural machinery and other applications.
- In the US, the Occupational Safety and Health Administration (OSHA) sets safety standards for the proper handling, storage, and use of lubricants to protect workers and ensure workplace safety.
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Agricultural Lubricants Market
Agricultural Lubricants Market
Agricultural Lubricants Market Size, Share, Growth & Industry Analysis, By Type (Mineral Oil-based, Synthetic Oil-based, Bio-based), By Product (Engine Oil, Transmission Oil, Coolant, Grease, Others), By Distribution Channel (OEM, Aftermarket), and Regional Analysis, 2025-2032
Pages: 140 | Base Year: 2024 | Release: June 2025 | Author: Sharmishtha M.
Market Definition
Agricultural lubricants are specialized oils, greases, and fluids used in farm machinery and agricultural equipment. They are used to reduce friction, prevent wear, and ensure smooth operation under harsh environmental conditions. Therefore, the market includes the production of lubricants specifically formulated for agricultural machinery and equipment.
The report explores key drivers of market development, offering detailed regional analysis and a comprehensive overview of the competitive landscape shaping the market in the forecast period.
Agricultural Lubricants Market Overview
Global agricultural lubricants market size was valued at USD 8.33 billion in 2024, which is estimated to be valued at USD 8.59 billion in 2025 and reach USD 11.03 billion by 2032, growing at a CAGR of 3.48% from 2025 to 2032.
The market is witnessing growth due to the increasing mechanization in farming. Farmers are increasingly adopting tractors, harvesters, and advanced machinery that relies on high-performance lubricants to ensure efficient and long-lasting equipment operation.
Major companies operating in the agricultural lubricants industry are Shell International B.V., Bharat Petroleum Corporation Limited., BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, TotalEnergies, CLAAS KGaA mbH, CONDAT, Cougar Lubricants International Ltd, Exol Lubricants Limited, Frontier Lubricants, FUCHS, Gulf Oil International Ltd, Kuwait Petroleum, and MOTONAS LUBE PVT. LTD.
The market is experiencing steady growth, driven by increased mechanization in farming and the rising demand for efficient, durable equipment.
Lubricants play a critical role in ensuring the smooth operation and longevity of agricultural machinery, especially under harsh environmental conditions. Advancements in lubricant formulations, including synthetic and biodegradable options, are further enhancing equipment performance while meeting environmental regulations.
- In September 2023, Gazpromneft-Lubricants and Enso Global Trading signed a strategic agreement to expand lubricant distribution in India. Enso Oils & Lubricants will import and distribute high-quality oils, supporting India’s industrial and automotive sectors with advanced formulations, including AI-developed products tailored to the country’s demanding climate and performance needs.
Key Highlights:
- The agricultural lubricants market size was recorded at USD 8.33 billion in 2024.
- The market is projected to grow at a CAGR of 3.48% from 2025 to 2032.
- Asia Pacific held a market share of 34.02% in 2024, with a valuation of USD 2.83 billion.
- The mineral oil-based segment garnered USD 3.20 billion in revenue in 2024.
- The engine oil segment is expected to reach USD 3.10 billion by 2032.
- The aftermarket segment is anticipated to witness fastest CAGR of 3.85% during the forecast period
- Europe is anticipated to grow at a CAGR of 3.50% during the forecast period.
Market Driver
Increasing Mechanization in Agriculture
One of the key drivers in the market is the rapid mechanization of farming operations. With the widespread use of machinery such as tractors, harvesters, seeders, and irrigation systems, there is a heightened need for reliable lubrication solutions.
These machines often operate under intense pressure and harsh conditions, making high-quality lubricants essential for minimizing wear, preventing breakdowns, and extending equipment lifespan. As agriculture becomes more technology-driven to boost productivity and efficiency, the demand for advanced lubricants tailored to diverse machinery functions is expected to grow.
- In September 2023, ExxonMobil Marketing (Thailand) Limited (EMMTL) expanded its Mobil-branded lubricants and chemical products, reinforcing its focus on quality, innovation, and sustainability. Guided by mobility, productivity, and sustainability, EMMTL delivers high-quality solutions supported by extensive networks and expert technical services to enhance performance across industries.
Market Challenge
Counterfeit and Low-Quality Products
A major challenge in the agricultural lubricants market is counterfeit and low-quality products that harm machinery and reduce trust. To combat this, companies are enhancing product authentication with tamper-proof packaging and QR code verification. They also focus on expanding authorized dealer networks to ensure genuine product availability.
Additionally, farmer awareness campaigns and end-user education programs are implemented to help identify authentic lubricants. These combined efforts aim to protect equipment performance, improve customer confidence, and reduce the circulation of substandard products in the market.
Market Trend
Shift Toward Multifunctional Lubricants
A significant growth trend in the market is the increasing demand for multifunctional lubricants that can serve various components of farming machinery. These versatile products simplify maintenance by reducing the need for multiple specialized lubricants, lowering inventory costs and minimizing the risk of application errors.
As modern agricultural equipment becomes more complex, farmers and service providers seek reliable, all-in-one lubricant solutions that enhance operational efficiency, improve equipment lifespan, and reduce downtime, ultimately supporting more productive and cost-effective farming practices.
- In May 2025, FUCHS Lubricants South Africa strengthened its agricultural lubricants portfolio with products like AGRIFARM UTTO MP, TITAN CARGO SAE 15W-40, and TITAN SUPERGEAR, designed to ensure machinery reliability across farming operations. Additionally, the company's premium coolants, FRICOFIN DP 50 and FRICOFIN LL 50 provide superior engine protection, supporting sustainable and efficient agricultural performance.
Agricultural Lubricants Market Report Snapshot
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Segmentation |
Details |
|
By Type |
Mineral Oil-based, Synthetic Oil-based, Bio-based |
|
By Product |
Engine Oil, Transmission Oil, Coolant, Grease, Others |
|
By Distribution Channel |
OEM, Aftermarket |
|
By Region |
North America: U.S., Canada, Mexico |
|
Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe | |
|
Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific | |
|
Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa | |
|
South America: Brazil, Argentina, Rest of South America |
Market Segmentation:
- By Type (Mineral Oil-based, Synthetic Oil-based, Bio-based): The mineral oil-based segment earned USD 3.20 billion in 2024 driven by its affordability and widespread use in traditional agricultural machinery requiring reliable, cost-effective lubrication solutions.
- By Product (Engine Oil, Transmission Oil, Coolant, Grease, Others): The engine oil segment held 28.08% of the market in 2024, supported by increasing demand for high-performance oils to protect engines in tractors and harvesting equipment.
- By Distribution Channel (OEM, Aftermarket): The OEM segment is projected to reach USD 6.72 billion by 2032, fueled by partnerships with agricultural machinery manufacturers seeking customized, high-quality lubricants for enhanced equipment performance and durability.
Agricultural Lubricants Market Regional Analysis
Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific agricultural lubricants market share stood at 34.02% in 2024 in the global market, with a valuation of USD 2.83 billion. The Asia Pacific region dominates the market due to its vast and rapidly modernizing agricultural sector.
Increasing mechanization, rising farming activities, and government initiatives to boost agricultural productivity drive demand for high-quality lubricants.
Countries like India, China, and Southeast Asian nations are investing heavily in advanced farming equipment, which requires specialized lubrication solutions. Additionally, the growing focus on sustainable and biodegradable lubricants aligns with regional environmental policies, further strengthening the market’s growth across Asia Pacific.
Europe is poised for significant growth at a robust CAGR of 3.50% over the forecast period. Europe is emerging as one of the fast-growing regions in the agricultural lubricants industry, driven by increasing adoption of advanced farming technologies and stringent environmental regulations.
The region’s focus on sustainability is accelerating demand for biodegradable and eco-friendly lubricants. Additionally, the modernization of agricultural machinery and growing investments in precision farming are driving the need for high-performance lubricants. Supportive government policies and rising awareness about equipment maintenance are further fueling market growth in this region.
Regulatory Frameworks
Competitive Landscape
Companies in the agricultural lubricants market are increasingly focusing on developing sustainable and high-performance products to meet evolving customer and regulatory demands. They are actively investing in research and innovation to create lubricants that enhance machinery efficiency, reduce environmental impact, and extend equipment lifespan.
Moreover, key players are forming strategic partnerships to expand distribution networks and digital services for improved accessibility and customer support. Additionally, firms are emphasizing eco-friendly formulations, such as biodegradable and renewable base oils, to align with global sustainability goals and strengthen their market position.
- In February 2023, Neste launched its Neste ReNew lubricant line in Finland, Sweden, the Baltics, and Poland. These sustainable lubricants use renewable or re-refined base oils, helping customers reduce reliance on crude oil and lower greenhouse gas emissions while maintaining high engine and machinery performance.
List of Key Companies in Agricultural Lubricants Market:
- Shell International B.V.
- Bharat Petroleum Corporation Limited.
- BP p.l.c.
- Exxon Mobil Corporation
- Chevron Corporation
- TotalEnergies
- CLAAS KGaA mbH
- CONDAT
- Cougar Lubricants International Ltd
- Exol Lubricants Limited
- Frontier Lubricants
- FUCHS
- Gulf Oil International Ltd
- Kuwait Petroleum
- MOTONAS LUBE PVT. LTD.
Recent Developments (Partnership)
- In July 2023, Kramp partnered with Shell Lubricants to improve access to heavy-duty engine oils, transmission oils, and greases for farmers in the UK. This collaboration aims to promote better lubricant practices through 3,500 dealerships, helping farmers reduce equipment breakdowns and lower maintenance cost.
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