India Lubricants Market

India Lubricants Market by Product Types (Process Oil, Engine Oil, Grease, Transmission & Hydraulic Fluid, Gear Oil, Metal Working Fluid, and Other Types), End-user Industry (Agriculture, Automotive, Industrial, and Others), and Country (India)–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: FB-2012
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 216
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The India lubricants market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, increasing overall efficiency & productivity for enterprises, and increasing production of two-wheeler vehicles.

India Lubricants Market

During the mutual contact of surface for reducing the friction the substance that used is known as lubricant. When the surface moves from one place to another major amount of heat is generated, to reduce heat the lubricants is used. Cooling & heating the surfaces, transmitting forces, and transporting foreign particles are other functions of the lubricants. The term lubricity means the property of reducing friction. In cooking and industrial applications, the lubricants are used.

The Covid-19 pandemic affected the demand and supply of India lubricants market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing usages of high-performance synthetic lubricants is projected to boost the market.
  • Rapid innovations in lubricants technologies are the major factor fueling the market.
  • Lack of awareness about the lubricants is projected to restrict the market expansion during the forecast period.
  • High price of  product is anticipated to hamper the market growth in the coming years.
  • R&D investment and technological advancement in lubricants market is projected to offer lucrative opportunities for the market players

Scope of the Report

The report on the India lubricants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

India Lubricants Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021-2028

Segmentation

Product Types (Process Oil, Engine Oil, Grease, Transmission & Hydraulic Fluid, Gear Oil, Metal Working Fluid, and Other Types), End-user Industry (Agriculture, Automotive, Industrial, and Others)

Country Scope

India

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Valvoline Inc.; Tide Water Oil Co. (India) Ltd.; Indian Oil Corp. Ltd.; Gulf Oil Lubricants India Ltd.; Castrol Ltd.; Petromin; Veedol International Ltd.; HPCL; Bharat Petroleum Corp. Ltd.; Exxon Mobil Corp.; Total; and Shell India Markets Pvt. Ltd.

Market Segment Insights

The engine oil segment accounts for key share of the market

On the basis of product types, the India lubricants market is fragmented into process oil, engine oil, grease, transmission & hydraulic fluid, gear oil, metal working fluid, and other types. The engine oil segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing research & development activities in lubricants. However, the transmission & hydraulic fluid segment is anticipated to expand at a rapid pace during the forecast period due to increasing per capita income, rapid advancement in aerospace sector, and increasing number of electronic vehicles.

India Lubricants Market

The automotive segment is anticipated to hold significant market share

Based on technologies, the market is divided into agriculture, automotive, industrial, and others. The automotive segment accounts for a significant share of the market. Growth of the market is attributed to improved properties of lubricants, increased service life of lubricants, and rising awareness among people. The industrial segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by private sectors, rising need for wind power, rapidly growing population, and rising prominence bio-lubricants.

India Lubricants Market

Market outlook

The India lubricants market is anticipated to expand at a high CAGR  during the forecast period due to rising need for high engine performance and increasing use of lubricants in marine & aircraft sector. Growth of the market is attributed to introduction of technological & novel advanced product and rapid development in transportation infrastructure.

Presence of major market players in India and rapid innovation in lubricants technology due to rising demand for high service life of equipment’s is the major factor fueling the market during the forecast period. However, reduction in the production of vehicles and lack of awareness about lubricants is estimated to hinder the market expansion in the coming years.

Segments

The India lubricants market has been segmented on the basis of

Product Types

  • Process Oil
  • Engine Oil
  • Grease
  • Transmission & Hydraulic Fluid
  • Gear Oil
  • Metal Working Fluid
  • Other Types

End-user Industry

  • Agriculture
  • Automotive
  • Industrial
  • Others

Country

  • India

Key Players

  • Valvoline Inc.
  • Tide Water Oil Co. (India) Ltd.
  • Indian Oil Corp. Ltd.
  • Gulf Oil Lubricants India Ltd.
  • Castrol Ltd.
  • Petromin
  • Veedol International Ltd.
  • HPCL
  • Bharat Petroleum Corp. Ltd.
  • Exxon Mobil Corp.
  • Total
  • Shell India Markets Pvt. Ltd.

Competitive Landscape

Key players competing in the India lubricants market include Valvoline Inc.; Tide Water Oil Co. (India) Ltd.; Indian Oil Corp. Ltd.; Gulf Oil Lubricants India Ltd.; Castrol Ltd.; Petromin; Veedol International Ltd.; HPCL; Bharat Petroleum Corp. Ltd.; Exxon Mobil Corp.; Total; and Shell India Markets Pvt. Ltd.

Some of these players are using several market strategies such as product launches, capacity expansion, merger, acquisitions, collaborations, and partnerships to enhance their market shares, generate revenue and raise their production line of the business in the coming years.

India Lubricants Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lubricants Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Lubricants Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Lubricants Market Market - Supply Chain
  4.5. Global Lubricants Market Market Forecast
     4.5.1. Lubricants Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Lubricants Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Lubricants Market Market Absolute $ Opportunity
5. Global Lubricants Market Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Lubricants Market Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Lubricants Market Demand Share Forecast, 2019-2026
6. North America Lubricants Market Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Lubricants Market Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Lubricants Market Demand Share Forecast, 2019-2026
7. Latin America Lubricants Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Lubricants Market Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Lubricants Market Demand Share Forecast, 2019-2026
8. Europe Lubricants Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Lubricants Market Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Lubricants Market Demand Share Forecast, 2019-2026
9. Asia Pacific Lubricants Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Lubricants Market Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Lubricants Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Lubricants Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Lubricants Market Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Lubricants Market Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Lubricants Market Market: Market Share Analysis
  11.2. Lubricants Market Distributors and Customers
  11.3. Lubricants Market Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Valvoline Inc. Tide Water Oil Co. (India) Ltd. Indian Oil Corp. Ltd. Gulf Oil Lubricants India Ltd. Castrol Ltd. Petromin

The India lubricants market has been segmented on the basis of

Product Types

  • Process Oil
  • Engine Oil
  • Grease
  • Transmission & Hydraulic Fluid
  • Gear Oil
  • Metal Working Fluid
  • Other Types

End-user Industry

  • Agriculture
  • Automotive
  • Industrial
  • Others

Country

  • India

Key Players

  • Valvoline Inc.
  • Tide Water Oil Co. (India) Ltd.
  • Indian Oil Corp. Ltd.
  • Gulf Oil Lubricants India Ltd.
  • Castrol Ltd.
  • Petromin
  • Veedol International Ltd.
  • HPCL
  • Bharat Petroleum Corp. Ltd.
  • Exxon Mobil Corp.
  • Total
  • Shell India Markets Pvt. Ltd.

Key players competing in the India lubricants market include Valvoline Inc.; Tide Water Oil Co. (India) Ltd.; Indian Oil Corp. Ltd.; Gulf Oil Lubricants India Ltd.; Castrol Ltd.; Petromin; Veedol International Ltd.; HPCL; Bharat Petroleum Corp. Ltd.; Exxon Mobil Corp.; Total; and Shell India Markets Pvt. Ltd.

Some of these players are using several market strategies such as product launches, capacity expansion, merger, acquisitions, collaborations, and partnerships to enhance their market shares, generate revenue and raise their production line of the business in the coming years.

India Lubricants Market

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