India Lubricants market was valued at US$ 36.46 Bn. in 2021 and it is expected to reach US$ 48.22 Bn. by 2027 at a CAGR of 4.77% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report Increasing vehicle production and sale is observed as a major factor driving India's lubricant market. Lubricants play a vital role in decreasing friction between critical rotating or moving components, dissolving heat which can transform into equipment durability and availability. Ongoing investment in distribution & branding, demand for advanced lubricants and government initiatives towards infrastructure development and growing focus of manufacturers on expanding their production capacities, is expected to fuel the country's industrial lubricant market. Moreover, the government is planning to develop new seaports and airports which is going to positively influence the industrial lubricant market in India during the forecast period. However, rising crude oil prices restrain the growth of India lubricant market. Automotive segment dominated the India lubricant market. This is attributed to a rising in automotive production and sales. The sales of new motor vehicles in the country has been on a constant rise, majorly owing to the growing working population and growing middle-class incomes. The automotive production in India has been on an escalating path with yearly growth rates of over 6%, thus, increasing the demand for engine oils and other lubricants employed in the automotive industry. Substantial investment activity in this segment from both domestic and foreign players. Increasing demand for speciality lubricants due to rising growth areas such as power generation and shipping. Hydraulic oils are identified as a leading product segment in the India lubricants market owing to their greater index of viscosity, higher bulk modulus, hydrolytic stability, resistance to wear and demulsification. Hydraulic oil held approximately 30% share, followed by 20-25% of industrial engine oils. Rising concerns from major industries regarding the maintenance of machinery in order to provide a better quality output has accelerated the demand for in the industrial engine oils country. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding India Lubricant Market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in India Lubricant Market.
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India Lubricants Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 36.46 Bn. Forecast Period 2022 to 2027 CAGR: 4.77% Market Size in 2027: US $ 48.22 Bn. Segments Covered: by Product Type • Engine Oil • Transmission & Hydraulic Fluid • Metalworking Fluid • General Industrial Oil • Gear Oil • Greases • Process Oils • Others by End-User Industry • Power Generation • Automotive • Heavy Equipment • Metallurgy & Metal Working • Chemical Manufacturing • Others by Distribution Channel • OEM • Aftermarket
Key Players analyzed in the India Lubricants Market• Exxon Mobil Corporation • Amsoil Inc. • Apar Industries Ltd • Balmer Lawrie & Co. Ltd • BP PLC • Bharat Petroleum Corporation Limited (BPCL) • Continental Petroleums Limited • GP Petrolemus Ltd • Idemitsu Kosan Co. Ltd • Indian Oil Corporation Ltd (IOCL) • Royal Dutch Shell PLC • Veedol International Limited Frequently Asked Questions: 1. Which region has the largest share in India Lubricants Market? Ans: North India region holds the highest share in 2021. 2. What is the growth rate of India Lubricants Market? Ans: The India Lubricants Market is growing at a CAGR of 4.77% during forecasting period 2022-2027. 3. What is scope of the India Lubricants market report? Ans: India Lubricants Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in India Lubricants market? Ans: The important key players in the India Lubricants Market are – Exxon Mobil Corporation, Amsoil Inc., Apar Industries Ltd, Balmer Lawrie & Co. Ltd, BP PLC, Bharat Petroleum Corporation Limited (BPCL), Continental Petroleums Limited, GP Petrolemus Ltd, Idemitsu Kosan Co. Ltd, Indian Oil Corporation Ltd (IOCL), Royal Dutch Shell PLC, and Veedol International Limited. 5. What is the study period of this market? Ans: The India Lubricants Market is studied from 2021 to 2027.
India Lubricant Market1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 18.104.22.168. Secondary data 22.214.171.124. Secondary Sources 2.3.2. Primary Research 126.96.36.199. Data from Primary Sources 188.8.131.52. Breakdown of Primary Sources 3. Executive Summary: India Lubricant Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. PEST Analysis 4.8.Competitive Landscape Industry Trends 4.9. Supply Side and Demand Side Indicators 4.10. Competitive Landscape Competitive Landscape 5. India Lubricant Market Analysis and Forecast, by Product 5.1. Introduction and Definition 5.2. Key Findings 5.3. India Lubricant Market Value Share Analysis, by Product 5.4. India Lubricant Market Size (US$ Mn) Forecast, by Product 5.5. India Lubricant Market Analysis, by Product 5.6. India Lubricant Market Attractiveness Analysis, by Product 6. India Lubricant Market Analysis and Forecast, by End Use Industry 6.1. Introduction and Definition 6.2. Key Findings 6.3. India Lubricant Market Value Share Analysis, by End Use Industry 6.4. India Lubricant Market Size (US$ Mn) Forecast, by End Use Industry 6.5. India Lubricant Market Analysis, by End Use Industry 6.6. India Lubricant Market Attractiveness Analysis, by End Use Industry 7. India Lubricant Market Analysis 7.1. India Lubricant Market Value Share Analysis, by Product 7.2. India Lubricant Market Forecast, by Product 7.2.1. Engine Oil 7.2.2. Transmission & Hydraulic Fluid 7.2.3. Metalworking Fluid 7.2.4. General Industrial Oil 7.2.5. Gear Oil 7.2.6. Greases 7.2.7. Process Oils 7.2.8. Others 7.3. India Lubricant Market Value Share Analysis, by End Use Industry 7.4. India Lubricant Market Forecast, by End Use Industry 7.4.1. Power Generation 7.4.2. Automotive 7.4.3. Heavy Equipment 7.4.4. Food & Beverage 7.4.5. Metallurgy & Metal Working 7.4.6. Chemical Manufacturing 7.4.7. Others 7.5. Key Trends 7.6. Key Developments 8. Company Profiles 8.1. Market Share Analysis, by Company 8.2. Competition Matrix 8.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 8.2.2. New Product Launches and Product Enhancements 8.2.3. Market Consolidation 184.108.40.206. M&A by Regions, Investment and Applications 220.127.116.11. M&A Key Players, Forward Integration and Backward Integration 8.3. Company Profiles: Key Players 8.3.1. Exxon Mobil Corporation 18.104.22.168. Company Overview 22.214.171.124. Financial Overview 126.96.36.199. Product Portfolio 188.8.131.52. Business Strategy 184.108.40.206. Recent Developments 220.127.116.11. Manufacturing Footprint 8.3.2. Amsoil Inc. 8.3.3. Apar Industries Ltd 8.3.4. Balmer Lawrie & Co. Ltd 8.3.5. BP PLC 8.3.6. Bharat Petroleum Corporation Limited (BPCL) 8.3.7. Continental Petroleums Limited 8.3.8. GP Petrolemus Ltd 8.3.9. Idemitsu Kosan Co. Ltd 8.3.10. Indian Oil Corporation Ltd (IOCL) 8.3.11. Royal Dutch Shell PLC 8.3.12. Veedol International Limited 9. Primary Insights