India Industrial Lubricants Market Size, Trends and Insights By Product Type (Hydraulic Fluids, Metalworking Fluids, Gear Oil, Compressor Oil, Grease, Turbine Oil, Transformer Oil, Refrigeration Oil, Textile Machinery Lubricants, Others), By Base Oil ( Mineral Oil, Synthetic Oil, Bio-Based Oil), By End User (Agriculture, Automotive, Cement Production, Chemical Production, Construction, Food Processing, Marine Applications, Metal and Mining, Oil and Gas, Power Generation, Pulp and Paper, Textile Manufacturing, Others), By Sales Channel (Online, Offline), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | India |
| Largest Market: | India |
Major Players
- Amsoil Inc.
- Bharat Petroleum Corporation Limited
- Castrol Oil
- China Petroleum and Chemical Corp (Sinopec Corporation)
- Others
Reports Description
India Industrial Lubricants Market was valued at USD 13,045 Million in 2024 and is expected to reach USD 20,715 Million by 2033, at a CAGR of 4.12% during the forecast period 2024 – 2033.
Industrial lubricants are oily or greasy substances that are applied to moving machine parts, such as gears, bearings and other complex machinery tools in various industries to reduce friction and wear & tear. Lubricants act as a boundary layer between two surfaces, enabling smooth and efficient movement and reducing wear and tear of machinery and tools.
Industrial lubricants play a vital role in in various end use industries such as agriculture, automotive, cement production, chemical production, construction, food processing, marine applications, metal and mining, oil and gas, power generation and pulp and paper. In these end use industries lubricants are used in engines, transmissions, differentials, and various other components.
India Industrial Lubricants Market: Growth Factors
Industrial lubricants play a vital role in the automotive industry, where they are used in engines, transmissions, differentials, and various other components. The global industrial lubricants market is mainly driven by the increasing adoption of complex machinery and tools in various industries, growing demand for lubricants from the automotive industry, and rapidly expanding manufacturing sector in India.
Industrial lubricants play a major role in the manufacturing sector in reducing friction, wear and tear and help to boost their output efficiency by enhancing productivity and minimizing downtime and reducing operation costs. The growing demand for minerals and metals directly influences the demand for lubricants in the mining industry.
Increased mining activities necessitate the use of heavy machinery and equipment, such as excavators, drills, and haul trucks, which rely heavily on lubricants for smooth operation and longevity.
As mining operations expand to meet the rising demand for minerals and metals in industries like construction, electronics, and automotive, the demand for specialized lubricants tailored to the harsh conditions of mining environments is increasing rapidly, thereby driving market growth.
Excellent chemical and physical properties of Industrial lubricants are expected to propel the market growth of the Industrial Lubricants market. Industrial Lubricants have excellent chemicals and physical properties such as reduced flammability, reduced gear wear, high viscosity, extreme pressure resistance, corrosion resistance and increased service life.
These properties make them ideal additives in various end use applications such as agriculture equipment, automotive, cement production, chemical production, construction, food processing and marine applications. Industrial lubricants are mainly used to reduce friction and contribute to better and more efficient functioning of the mechanism.
Thus, the excellent chemicals and physical properties of lubricants make them ideal additive and lubrication materials in various end use applications, thereby driving the market growth.
India Industrial Lubricants Market: Restraints
Various factors such as the high cost of industrial lubricant vehicles, lack of Nationwide directives about production and usage of industrial lubricants, fluctuation in raw material prices, less adaption in undeveloped states, economic uncertainties and downturn, supply chain disruptions, reduction in use of metal parts by automakers, volatile crude oil prices are restraining the India Industrial Lubricants market growth.
India Industrial Lubricants Market: Opportunities
Growing utilization of industrial lubricants in the power generation and electricity distribution sector is expected to create lucrative opportunities for Industrial lubricant manufacturers during the forecast period. Rapid growth and development in power generation & distribution have driven the demand for transformer oils.
Furthermore, growing demand for sustainable Industrial lubricants is expected to create lucrative opportunities during the forecast period. In an era of environmental consciousness, the lubricants industry is making strides towards sustainability. Industrial lubricant manufacturers are turning to sustainability measures such as the reuse and recycling of industrial lubricants.
Moreover, lubricant manufacturers are offering onsite and offsite recycling equipment and services to their end users. With concerns about greenhouse gas emissions and environmental impact, the growing demand and production of bio-based lubricants is expected to create lucrative opportunities for the market during the forecast period.
India Industrial Lubricants Market: Segmentation Analysis
India Industrial Lubricants market is segmented by product type, base oil, by end user, by sales channels and by region. By Product type, India Industrial lubricants market is segmented into hydraulic fluids, metalworking fluids, gear oil, compressor oil, grease, turbine oil, transformer oil, refrigeration oil, textile machinery lubricants and others.
Among all of these, the hydraulic fluids segment dominated the market in 2023 and is expected to keep its dominance during the forecast period. Hydraulic Fluids are used in various end use industries due to their large number of benefits. hydraulic fluids application examples include mining, construction, marine, and oil and gas among others.
The metal working fluids are expected to grow at a significant growth rate during the forecast period. Metal working fluids are gaining extensive popularity owing to their application for improving the quality of surface finish.
By base oil, India industrial lubricants market is segmented into mineral oil, synthetic oil and bio-based oil. Among all of these, the Mineral oil segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period.
Various factor such as easy availability, low manufacturing cost and excellent properties are driving the market growth of this segment during the forecast period. Mineral-oil-based lubricants typically are used for multipurpose lubrication of mechanical components such as bearings, chains, gears, slides and threaded connections.
Bio based oil is expected to grow at a significant growth rate during the forecast period owing to growing demand for sustainable and environmentally friendly oils.
By end user, India industrial lubricants are segmented into agriculture, automotive, cement production, chemical production, metal and mining, marine applications, oil and gas and Others. Among all of these, chemical production held the highest market share in 2023 and is expected to keep its dominance during the forecast period owing to the rapidly expanding chemical and material industry in India.
Chemical manufacturing and processing plant challenges include temperature extremes, continuous operation, and the threat of contamination from other chemicals, water, and particulates. Metal working segment is expected to grow at the highest CAGR during the forecast period.
The rapidly expanding metal working industry in India is expected to propel the market growth of this segment during the forecast period. India is well known for the production and export of metal and wooden handicraft products.
By Sales channel, the market is segmented into offline and online sales channels. Among these, offline held the highest market share in 2023 and is expected to keep its dominance during the forecast period. Offline sales channels include supermarkets/hypermarkets, retail stores and speciality stores.
A growing number of supermarkets/hypermarkets and retail stores across India is expected to drive the market growth of this segment during the forecast period. Online sales channels include third party websites and company owned websites.
Growing internet penetration, increasing number of E-commerce platforms, and alluring discounts offered by these E-commerce platforms are some of the factors driving the market growth of this segment during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 13,045 Million |
| Projected Market Size in 2033 | USD 20,715 Million |
| Market Size in 2023 | USD 12,513 Million |
| CAGR Growth Rate | 4.12% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Base Oil, End User, Sales Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | India |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
India Industrial Lubricants Market: Regional Analysis
India Industrial Lubricants market is segmented into North India, South India, East India, and West India. Among all these regions, North India held a significant market share of India Industrial Lubricants Market in 2022 and is expected to grow at a significant pace during the forecast period.
Rapidly expanding end use industries such as construction, mining, chemical, automotive, oil & gas and manufacturing in Northern states such as Delhi NCR, Uttar Pradesh, Punjab, J&K, Bihar and Haryana are driving the market growth of this region.
West India is expected to emerge as a potential region during the forecast period. States like Maharashtra, Gujrat, and Madhya Pradesh are playing a major role in driving the growth of this region. Rapidly developing chemical industry, Solar and Manufacturing industries in Maharashtra and Gujrat are driving the market growth of this region.
India Industrial Lubricants Market: Recent Developments
- In November 2023, Bharat Petroleum Corporation Limited and Oil and Natural Gas Corporation (ONGC) signed deals to sell about 4.5 million tonnes of crude oil each and Hindustan Petroleum Corporation Ltd (HPCL).
- In December 2022, Indian Oil Corporation Ltd. (IOCL) partnered with FuelBuddy, which is India’s largest legal doorstep fuel delivery service for the marketing of automotive and industrial lubricants (SERVO, PAN India). Through this partnership, Indian Oil Corporation Ltd. (IOCL) is strengthening its distribution channel and increasing its market presence across India.
- In February 2022 Gulf Oil Lubricant (India) made a strategic partnership with SCHWING for its construction equipment needs. Through this partnership, Gulf Oil Lubricant (India) will provide various products to SCHWING including lubricants like premium hydraulic oil, engine oil, axle oil, gear oil, and other industrial lubricants.
List of the prominent players in the India Industrial Lubricants Market:
- Amsoil Inc.
- Bharat Petroleum Corporation Limited
- Castrol Oil
- China Petroleum and Chemical Corp (Sinopec Corporation)
- Gulf Oil
- Hindustan Petroleum Corporation Limited
- Indian Oil Corporation Limited
- Nyanas AB
- Mosil Lubricants
- PetroChina Company Limited
- Raj Petrochem Ltd.
- Savita Oil Co. Ltd
- Shell plc.
- The Idemitsu Kosan Company Ltd.
- Tide Water Oil Co. (India) Limited
- Total Energies SE
- Valvoline Cummins Private Limited
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The India Industrial Lubricants Market is segmented as follows:
By Product Type
- Hydraulic Fluids
- Metalworking Fluids
- Gear Oil
- Compressor Oil
- Grease
- Turbine Oil
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
- Others
By Base Oil
- Mineral Oil
- Synthetic Oil
- Bio-Based Oil
By End User
- Agriculture
- Automotive
- Cement Production
- Chemical Production
- Construction
- Food Processing
- Marine Applications
- Metal and Mining
- Oil and Gas
- Power Generation
- Pulp and Paper
- Textile Manufacturing
- Others
By Sales Channel
- Online
- Offline
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 India Industrial Lubricants Market, (2024 – 2033) (USD Billion)
- 2.2 India Industrial Lubricants Market: snapshot
- Chapter 3. India Industrial Lubricants Market – Industry Analysis
- 3.1 India Industrial Lubricants Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Supportive Government Policies
- 3.2.2 Rapidly expanding end use industries
- 3.2.3 Growing demand for lubricants form the automotive and manufacturing industry.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Base Oil
- 3.7.3 Market Attractiveness Analysis By End User
- 3.7.4 Market Attractiveness Analysis By Sales Channel
- Chapter 4. India Industrial Lubricants Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 India Industrial Lubricants Market: company market share, – 2033
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. India Industrial Lubricants Market – Product Type Analysis
- 5.1 India Industrial Lubricants Market Overview: By Product Type
- 5.1.1 India Industrial Lubricants Market Share, By Product Type, – 2033 and 2024
- 5.2 Hydraulic Fluids
- 5.2.1 India Industrial Lubricants Market by Hydraulic Fluids, 2024 – 2033 (USD Billion)
- 5.3 Metalworking Fluids
- 5.3.1 India Industrial Lubricants Market by Metalworking Fluids, 2024 – 2033 (USD Billion)
- 5.4 Gear Oil
- 5.4.1 India Industrial Lubricants Market by Gear Oil, 2024 – 2033 (USD Billion)
- 5.5 Compressor Oil
- 5.5.1 India Industrial Lubricants Market by Compressor Oil, 2024 – 2033 (USD Billion)
- 5.6 Grease
- 5.6.1 India Industrial Lubricants Market by Grease, 2024 – 2033 (USD Billion)
- 5.7 Turbine Oil
- 5.7.1 India Industrial Lubricants Market by Turbine Oil, 2024 – 2033 (USD Billion)
- 5.8 Transformer Oil
- 5.8.1 India Industrial Lubricants Market by Transformer Oil, 2024 – 2033 (USD Billion)
- 5.9 Refrigeration Oil
- 5.9.1 India Industrial Lubricants Market by Refrigeration Oil, 2024 – 2033 (USD Billion)
- 5.10 Textile Machinery Lubricants
- 5.10.1 India Industrial Lubricants Market by Textile Machinery Lubricants, 2024 – 2033 (USD Billion)
- 5.11 Others
- 5.11.1 India Industrial Lubricants Market by Others, 2024 – 2033 (USD Billion)
- 5.1 India Industrial Lubricants Market Overview: By Product Type
- Chapter 6. India Industrial Lubricants Market – Base Oil Analysis
- 6.1 India Industrial Lubricants Market Overview: By Base Oil
- 6.1.1 India Industrial Lubricants Market Share, By Base Oil, – 2033 and 2024
- 6.2 Mineral Oil
- 6.2.1 India Industrial Lubricants Market by Mineral Oil, 2024 – 2033 (USD Billion)
- 6.3 Synthetic Oil
- 6.3.1 India Industrial Lubricants Market by Synthetic Oil, 2024 – 2033 (USD Billion)
- 6.4 Bio-Based Oil
- 6.4.1 India Industrial Lubricants Market by Bio-Based Oil, 2024 – 2033 (USD Billion)
- 6.1 India Industrial Lubricants Market Overview: By Base Oil
- Chapter 7. India Industrial Lubricants Market – End User Analysis
- 7.1 India Industrial Lubricants Market Overview: By End User
- 7.1.1 India Industrial Lubricants Market Share, By End User, – 2033 and 2024
- 7.2 Agriculture
- 7.2.1 India Industrial Lubricants Market by Agriculture, 2024 – 2033 (USD Billion)
- 7.3 Automotive
- 7.3.1 India Industrial Lubricants Market by Automotive, 2024 – 2033 (USD Billion)
- 7.4 Cement Production
- 7.4.1 India Industrial Lubricants Market by Cement Production, 2024 – 2033 (USD Billion)
- 7.5 Chemical Production
- 7.5.1 India Industrial Lubricants Market by Chemical Production, 2024 – 2033 (USD Billion)
- 7.6 Construction
- 7.6.1 India Industrial Lubricants Market by Construction, 2024 – 2033 (USD Billion)
- 7.7 Food Processing
- 7.7.1 India Industrial Lubricants Market by Food Processing, 2024 – 2033 (USD Billion)
- 7.8 Marine Applications
- 7.8.1 India Industrial Lubricants Market by Marine Applications, 2024 – 2033 (USD Billion)
- 7.9 Metal and Mining
- 7.9.1 India Industrial Lubricants Market by Metal and Mining, 2024 – 2033 (USD Billion)
- 7.10 Oil and Gas
- 7.10.1 India Industrial Lubricants Market by Oil and Gas, 2024 – 2033 (USD Billion)
- 7.11 Power Generation
- 7.11.1 India Industrial Lubricants Market by Power Generation, 2024 – 2033 (USD Billion)
- 7.12 Pulp and Paper
- 7.12.1 India Industrial Lubricants Market by Pulp and Paper, 2024 – 2033 (USD Billion)
- 7.13 Textile Manufacturing
- 7.13.1 India Industrial Lubricants Market by Textile Manufacturing, 2024 – 2033 (USD Billion)
- 7.14 Others
- 7.14.1 India Industrial Lubricants Market by Others, 2024 – 2033 (USD Billion)
- 7.1 India Industrial Lubricants Market Overview: By End User
- Chapter 8. India Industrial Lubricants Market – Sales Channel Analysis
- 8.1 India Industrial Lubricants Market Overview: By Sales Channel
- 8.1.1 India Industrial Lubricants Market Share, By Sales Channel, – 2033 and 2024
- 8.2 Online
- 8.2.1 India Industrial Lubricants Market by Online, 2024 – 2033 (USD Billion)
- 8.3 Offline
- 8.3.1 India Industrial Lubricants Market by Offline, 2024 – 2033 (USD Billion)
- 8.1 India Industrial Lubricants Market Overview: By Sales Channel
- Chapter 9. India Industrial Lubricants Market – Regional Analysis
- 9.1 India Industrial Lubricants Market Regional Overview
- 9.2 India Industrial Lubricants Market Share, by Region, – 2033 & 2024 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Amsoil Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Bharat Petroleum Corporation Limited
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Castrol Oil
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 China Petroleum and Chemical Corp (Sinopec Corporation)
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Gulf Oil
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Hindustan Petroleum Corporation Limited
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Indian Oil Corporation Limited
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Nyanas AB
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Mosil Lubricants
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 PetroChina Company Limited
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Raj Petrochem Ltd.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Savita Oil Co. Ltd
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Shell plc.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 The Idemitsu Kosan Company Ltd.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Tide Water Oil Co. (India) Limited
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Total Energies SE
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Valvoline Cummins Private Limited
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 Others.
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.1 Amsoil Inc.
List Of Figures
Figures No 1 to 41
List Of Tables
Tables No 1 to 2
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Amsoil Inc.
- Bharat Petroleum Corporation Limited
- Castrol Oil
- China Petroleum and Chemical Corp (Sinopec Corporation)
- Gulf Oil
- Hindustan Petroleum Corporation Limited
- Indian Oil Corporation Limited
- Nyanas AB
- Mosil Lubricants
- PetroChina Company Limited
- Raj Petrochem Ltd.
- Savita Oil Co. Ltd
- Shell plc.
- The Idemitsu Kosan Company Ltd.
- Tide Water Oil Co. (India) Limited
- Total Energies SE
- Valvoline Cummins Private Limited
- Others
FAQs
The restraints of the Indian Industrial Lubricants market includes stringent regulations, counterfeiting of Industrial lubricants, high cost of raw materials, economic uncertainties and fluctuation in crude oil prices.
The major drivers for the India Industrial Lubricants market are supportive government policies, rapidly expanding end use industries, growing demand for lubricants form automotive and manufacturing industry.
The “Hydraulic Fluids” category dominated the market in 2023.
The key players in the market are Amsoil Inc., Bharat Petroleum Corporation Limited, Castrol Oil, China Petroleum and Chemical Corp (Sinopec Corporation), Gulf Oil, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Nyanas AB, Mosil Lubricants, PetroChina Company Limited, Raj Petrochem Ltd., Savita Oil Co. Ltd, Shell plc., The Idemitsu Kosan Company Ltd., Tide Water Oil Co. (India) Limited, Total Energies SE, Valvoline Cummins Private Limited, Others.
The market is projected to grow at a CAGR of 5.71% during the forecast period, 2024-2033.
The India Industrial Lubricants Market size was valued at USD 2.1 Billion in 2024.