India Lubricants Market size was valued at USD 2.70 Bn Liters in 2023 and the India Lubricants Market revenue is expected to reach USD 3.86 Bn Liters by 2030, at a CAGR of 5.24 % over the forecast period.
India Lubricants Market Overview
Lubricants are substances, such as oils or greases, that are used between moving elements of machinery or equipment to lessen wear, heat, and friction. They are essential to many different applications and industries where surfaces need to be protected when they come into touch. Lubricants play a crucial role in preserving the effectiveness, dependability, and durability of machinery in a variety of sectors, such as the automotive, manufacturing, aerospace, and energy industries. Growing demand from the manufacturing sector, rising vehicle sales, and industrial expansion have all contributed to the lubricants market’s consistent rise in India. Organizations such as the Automotive Research Association of India (ARAI) and the Bureau of Indian rules (BIS) develop regulatory rules and specifications that apply to the lubricants business in India.
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India Lubricants Market Report Scope and Research Methodology
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the India Lubricants market. The report is an in-depth analysis of the India Lubricants market provided with key findings including Pricing, investments, expansion plans, and physical presence in the India Lubricants market. The bottom-up approach was used to understand the India Lubricants market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the India Lubricants market.
On many fronts, raw market data is gathered and compiled. To make sure that only verified and authenticated sources are taken into consideration, data is constantly vetted. Furthermore, data is extracted from numerous reports within our repository and several well-known commercial databases. Understanding the entire value chain is crucial for a thorough understanding of the market, and we gather information from buyers, distributors, and suppliers of raw materials to make this process easier.
India Lubricants Market Regional Insights
Regional analysis is conducted to assess the status of the India Lubricants market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The India Lubricants market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
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India Lubricants Market Segmentation
by Type
Mineral Lubricants
Synthetic Lubricants
Bio-Based Lubricants
Greases
by Application
Automotive Lubricants
Engine oils
Transmission fluids
Gear oils
Brake fluids
Coolants
Industrial Lubricants
Hydraulic fluids
Compressor oils
Turbine oils
Metalworking fluids
Industrial gear oils
Greases
The market is divided into two segments based on application: industrial lubricants and automotive lubricants. Throughout the course of the forecast period, the Automotive Lubricants category is anticipated to maintain its dominant market share in India. It dominated the market in 2023. In the India Lubricants Market, the automotive lubricant category comprises lubricants that are specially designed to be used in a range of vehicle types, including as passenger cars, commercial vehicles, two-wheelers, and other automotive applications. The longevity, performance, and smooth running of engines and other vital automotive components are all made possible by these lubricants, which considerably contributes to the growth of the India Lubricants Market. The automotive lubricant market is broad, with a variety of oils and fluids intended for certain uses inside the car.
by Distribution Channel
OEM Sales
Aftermarket Sales
The OEM and aftermarket sales segments of the market are divided based on the distribution channel. Over the course of the forecast period, the OEM sales sector is anticipated to maintain its dominant market share in India Lubricants, having dominated the market in 2023. In the India Lubricants Market, the OEM (Original Equipment Manufacturer) sales category involves the direct distribution and sale of lubricants to automobile and equipment manufacturers for use as original equipment in new products. OEM sales in the automotive lubricants market refer to providing lubricants that are expressly suggested or authorized by automakers for use in their newly manufactured automobiles. Automotive Original Equipment producers (OEMs) and lubricant producers and suppliers collaborate to supply lubricants that precisely match OEM specifications.
by End-User
Automotive Industry
Manufacturing Sector
Construction
Agriculture
Marine
Aviation & Aerospace
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India Lubricants Market Key Players
1. Indian Oil Corporation Limited
2. Castrol India Limited
3. Bharat Petroleum Corporation Limited
4. Hindustan Petroleum Corporation Limited
5. Tidewater Oil Corporation India Limited
6. Gulf Oil Lubricants India Limited
7. Valvoline Cummins Private Limited
8. Shell India
9. Savita Oil Technologies Ltd
10. Total Oil India Private Limited
11. BP Plc
12. General Industrial Oil
13. Exxon
14. Veedol International Limited
15. Idemitsu Kosan Co. Ltd
16. GP Petrolemus Ltd
17. Balmer Lawrie & Co. Ltd
18. Apar Industries Ltd
19. Exxon Mobil Corporation
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Key questions answered in the India Lubricants Market are:
- What is India Lubricants?
- Which are the factors expected to drive the India Lubricants market growth?
- What are the different segments of the India Lubricants Market?
- What growth strategies are the players considering to increase their presence in India Lubricants?
- What are the upcoming industry applications and trends for the India Lubricants Market?
- What segments are covered in the India Lubricants Market?
- Who are the leading companies and what are their portfolios in India Lubricants Market?
- What segments are covered in the India Lubricants Market?
- Who are the key players in the India Lubricants market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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