India lubricants market

India Lubricants Market Share, Latest Insights, Leading Companies and Analysis 2024-2032

Chemical and Materials

Lubricants Market in India 2024:

How Big is the India Lubricants Industry?

India’s lubricants market is growing rapidly, driven by industrialization, automotive expansion, and increasing consumer demand. According to the latest report by IMARC Group, the market reached USD 8.44 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach USD 13.55 Billion by ​2032​, exhibiting a growth rate (CAGR) of 5.10% during 2024-2032.

Request to Get the Sample Report: https://www.imarcgroup.com/india-lubricants-market/requestsample

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 8.44 Billion
Market Forecast in 2032
US$ 13.55 Billion
Market Growth Rate 2024-2032 5.10%

India Lubricants Market Trends and Drivers:

India’s lubricants market is experiencing growth, primarily due to expanding industrialization and a thriving automotive sector. Rising automobile demand has led to increased consumption of automotive lubricants, including engine oils, transmission fluids, and greases. Furthermore, higher disposable incomes and rapid urbanization are boosting vehicle ownership, driving market expansion.

Industrial lubricant demand is also on the rise, fueled by growth in manufacturing, construction, and mining sectors. Government initiatives, such as infrastructure development and the ‘Make in India’ campaign, are further supporting the market by encouraging domestic production and the adoption of advanced machinery that requires effective lubrication.

One significant trend is the shift towards high-performance synthetic lubricants, which offer superior protection, longer service life, and better fuel efficiency compared to conventional mineral oils. This shift is driven by the growing awareness of the benefits of synthetic lubricants, particularly in the automotive and industrial sectors, where equipment longevity and performance are critical.

Another trend is the increasing focus on environmentally friendly and biodegradable lubricants, spurred by stricter environmental regulations and the push toward sustainable practices. Companies are investing in research and development to create lubricants that meet these environmental standards without compromising performance. Furthermore, the rise of e-commerce platforms is also influencing the market, making lubricants more accessible to a broader range of consumers, including those in remote areas, which is anticipated to drive the India lubricants market over the forecasted period.

India Lubricants Market Report Segmentation:

The India lubricants market is segmented on the basis of product type, base oil, end use industry and region.

Breakup by Product Type:

  • Engine Oil
  • Transmission/Hydraulic Fluid
  • Metalworking Fluid
  • General Industrial Oil
  • Gear Oil
  • Grease
  • Process Oil
  • Others

Breakup by Base Oil:

  • Mineral Oil
  • Synthetic Oil
  • Bio-Based Oil

Breakup by End Use Industry:

  • Power Generation
  • Automotive and Other Transportation
  • Heavy Equipment
  • Food and Beverage
  • Metallurgy and Metalworking
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21422&flag=C

Other Key Points Covered in the Report:

  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Market Dynamics
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape
  • Top Winning Strategies
  • Recent Industry News
  • Key Technological Trends & Development

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

Leave a Reply