India Industrial Lubricant Market {2027} – Forecast & Projected Growth

By | September 7, 2023
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India industrial lubricant market stood at USD 1.54 billion in FY2019 & may grow to USD 1.91 billion by FY2027, Get a Free Sample report.

India industrial lubricant market stood at USD 1.54 billion in FY2019 and is projected to grow to USD 1.91 billion by FY2027, on the back of strong growth in construction & mining sectors across the country. Industrial lubricants find application in a variety of end-user industries therefore, an extensive list of lubricants is available that includes hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids, and bearing oil. Among these, hydraulic lubricants and machine lubricants dominate the market in FY2019 due to high demand in industrial and mining applications.

The textile industry generates comprehensive demand for industrials, which are being used to improve the performance of bearings, conveyor chains, rotary couplings of spinning, knitting and weaving machines. Moreover, the textile industry is growing at a rapid pace, with new textile manufacturers entering into the market, thereby positively influencing the country’s industrial lubricant market in coming years. Also, there is continuously increasing demand for metalworking fluids from industries involved in automotive components manufacturing where different machining operations are performed such as drilling, milling, honing, lapping, grinding etc to manufacture components like cylinder heads, cylinder blocks, cam shafts, crank shaft etc. Additionally, metal working fluids improve life of the machine tools to a great extent, thus, it is anticipated to fuel the demand for industrial lubricants in India during the forecast period.Based on region, western region accounts for a significant share of the demand of Industrial Lubricants because West India specifically Gujarat and Maharashtra has higher real estate investments and highest growth in Entrepreneurs’ Memorandum (EM) by micro, small, and medium enterprises (MSMEs).

Some of the major players operating in India industrial lubricant market

  1. Hindustan Petroleum Corporation LimitedIndian Oil Corporation LimitedBharat Petroleum Corporation LimitedShell India Markets Private LimitedGulf Petrochem Petroleums LimitedExxonMobil Lubricants Pvt LtdCastrol India LimitedGulf Oil Lubricants India LimitedTide Water Oil Co. (India) LtdTotal Oil India Private Limited, etc.

Years Considered for this Report:            

  • Historical Years: FY2013 – FY2019Base Year: FY2020Estimated Year: FY2021Forecast Period: FY2021 – FY2027

The objective of the Study:

  • The primary objective of the study was to evaluate and forecast India industrial lubricant market. To categorize India’s industrial lubricant market based on lubricant type, application, sales channel, end use and region.To segment and forecast India industrial lubricant market in terms of lubricant type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, Compressor Oil, Bearing Oil and Others).To segment and forecast India industrial lubricant market in terms of application (Machining, Hydraulics, Gear, Bearing, Air Compressor, Turbine and Others).To segment and forecast India industrial lubricant market in terms of sales channels (Direct, Distributors, and Traders and retailers).To segment and forecast India industrial lubricant market in terms of end-use (Construction & Mining, Automotive & Auto components, Machine Tools & Machinery, Power and Oil & Gas, Iron & Steel, Marine & Shipping, Chemical, and Others).To segment and forecast India’s industrial lubricant market in terms of region (North, South, East and West).To understand major policies and regulations which can positively or negatively impact India industrial lubricant market.To identify major drivers, challenges and trends in India industrial lubricant market.To identify major suppliers and distributors of industrial lubricant in Indian market.To perform pricing analysis of industrial lubricant in India.To identify and profile major companies operating in India industrial lubricant market.
    •  Click here to download FREE sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3750  To extract the data for India industrial lubricant market, primary research surveys were conducted with industrial lubricant manufacturers, suppliers, distributors, dealers and end users. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for India industrial lubricant market over the coming years.TechSci Research calculated India industrial lubricant market size using a bottom-up approach, wherein manufacturers’ value sales data for different industrial lubricant types (metal working fluid, industrial engine oil, hydraulic oil, greases, gear oil, compressor oil, bearing oils and others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, company annual reports, industry magazines, industry reports, SIAM, credible paid databases, proprietary database, Ministry of Road Transport & Fertilizers, Ministry of Chemicals & Fertilizers, etc., were also studied by TechSci Research.

Key Target Audience:

  • Industrial lubricant manufacturers, distributors and other stakeholdersMajor end users of Industrial lubricantsOrganizations, forums and alliances related to lubricants marketGovernment bodies such as regulating authorities and policy makersMarket research and consulting firms
    • The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as industrial lubricant manufacturers, customers and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, India industrial lubricant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Metal Working FluidIndustrial Engine OilHydraulic OilGreaseGear OilCompressor OilBearing OilOthers
  • Market, by Packaging Size:
    • o    Less than and equal to 2 literso    5 Literso    10 Literso    20 Literso    Barrel (200 Liters and above)    
  • Market, by Application:
    • MachiningHydraulicsGearBearingAir Compressor   Turbine  Others          
  • Market, by Sales Channel:
    • DirectDistributorsTraders & Retailers
  • Market, by End Use:
    • Construction & MiningAutomotive & Auto ComponentMachine Tools & MachineryPower and Oil & GasIron & SteelMarine & ShippingChemicalOthers
  • Market, by Region:
    • WestSouthNorthEast
    • Competitive LandscapeCompany Benchmarking: Benchmarking of leading players on the basis of industrial lubricant type provided by them.Company Profiles: Detailed analysis of major companies operating in India industrial lubricant market.Available Customizations:With the given market data, TechSci Research offers customizations according to a company’s specific needs. Following customization options are available for the report:Channel Partner Analysis
  • Detailed list of distributors and dealers across all the regions.
    • Company Information
  • Detailed analysis and profiling of additional market players (up to five).
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  • Product OverviewResearch MethodologyExecutive SummaryVoice of Customer
    • 4.1.    Brand Awareness4.2.    Factors Influencing Purchase Decision

    1. India Industrial Lubricant Market Outlook

    5.1.    Market Size & Forecast5.1.1.By Value5.1.2.By Volume5.2.    Market Share & Forecast5.2.1.By Lubricant Type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, Compressor Oil, Bearing Oil and Others)5.2.2.By Application (Machining, Hydraulics, Gear, Bearing, Turbine, Air Compressor and Others)5.2.3.By Packaging Size (Less than and equal to 2 liters, 5 Liters, 10 Liters, 20 Liters, Barrel (200 Liters and above))5.2.4.By End Use (Power and Oil & Gas, Construction & Mining, Automotive & Auto Components, Iron & Steel, Chemical, Marine & Shipping, Machine Tools & Machinery and Others)5.2.5.By Sales Channel (Direct, Distributors, and Traders & Retailers)5.2.6.By Region5.2.7.By Company (Top 5 Company Shares)

    1. India Hydraulic Oil Market Outlook

    6.1.    Market Size & Forecast6.1.1.By Value6.1.2.By Volume6.2.    Market Share & Forecast6.2.1.By Packaging Size6.2.2.By End Use6.2.3.By Sales Channel

    1. India Metal Working Fluid Market Outlook

    7.1.    Market Size & Forecast7.1.1.By Value7.1.2.By Volume7.2.    Market Share & Forecast7.2.1.By Packaging Size7.2.2.By End Use7.2.3.By Sales Channel

    1. India Grease Market Outlook

    8.1.    Market Size & Forecast8.1.1.By Value8.1.2.By Volume8.2.    Market Share & Forecast8.2.1.By Packaging Size8.2.2.By End Use8.2.3.By Sales Channel

    1. India Gear Oil Market Outlook

    9.1.    Market Size & Forecast9.1.1.By Value9.1.2.By Volume9.2.    Market Share & Forecast9.2.1.By Packaging Size9.2.2.By End Use9.2.3.By Sales Channel

    1. India Industrial Engine Oil Market Outlook

    10.1.  Market Size & Forecast10.1.1.    By Value10.1.2.    By Volume10.2.  Market Share & Forecast10.2.1.    By Packaging Size10.2.2.    By End Use10.2.3.    By Sales Channel

    1. India Compressor Oil Market Outlook

    11.1.  Market Size & Forecast11.1.1.    By Value11.1.2.    By Volume11.2.  Market Share & Forecast11.2.1.    By Packaging Size11.2.2.    By End Use11.2.3.    By Sales Channel

    1. India Bearing Oil Market Outlook

    12.1.  Market Size & Forecast12.1.1.    By Value12.1.2.    By Volume12.2.  Market Share & Forecast12.2.1.    By Packaging Size12.2.2.    By End Use12.2.3.    By Sales Channel

    1. Market Dynamics

    13.1.  Drivers13.2.  Challenges13.3.  Impact Analysis

    1. Market Trends & DevelopmentsPolicy & Regulatory LandscapeIndia Economic ProfileCompetitive Landscape

    17.1.  Competitive Benchmarking17.2.  Company Profiles17.2.1.    Indian Oil Corporation Limited17.2.2.    Bharat Petroleum Corporation Limited17.2.3.    Castrol India Limited17.2.4.    Hindustan Corporation Limited17.2.5.    Tide Water Oil Co. (India) Ltd17.2.6.    Shell India Market Pvt. Limited17.2.7.    Gulf Petrochem Petroleums Limited17.2.8.    ExxonMobil Lubricants Pvt. Limited17.2.9.    Gulf Oil Lubricants India Limited17.2.10.                        Total Oil India Pvt. Limited

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