The Agriculture Lubricants Market size is estimated at 1.57 Million tons in 2024, and is expected to reach 1.83 Million tons by 2029, growing at a CAGR of 3.13% during the forecast period (2024-2029).
In the year 2020, the market was affected negatively due to the breakdown of Covid-19. However, in 2021 and 2022, the opening up of economies helped the market to gain momentum and reach pre-pandemic levels.
The agricultural lubricants market is partially consolidated in nature. Some of the major players (not in any particular order) in the market studied include Shell plc, Fuchs, Exxon Mobil Corporation, TotalEnergies SE, and BP p.l.c., among others.
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