[Latest] India Industrial Lubricants Market Size/Share

Austin, TX, USA, March 26, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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” in its research database.

“According to the latest research study, the demand of India Industrial Lubricants Market size & share was valued at approximately USD 1.9 Billion in 2022 and is expected to reach USD 2.1 Billion in 2023 and is expected to reach a value of around USD 3.6 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.71% during the forecast period 2023 to 2032.”

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Indian Industrial Lubricants Market: Overview

Industrial lubricants play a vital role in the automotive industry, where they are used in engines, transmissions, differentials, and various other components. Industrial lubricants are a trusted lubricant brand in the industrial segment, catering to specific requirements of textiles, power, sugar, steel, off-highway vehicles and many other industries.

Various factors such as the rapidly expanding automotive industry in India, growing manufacturing industry, increasing investment in the chemical industry in India, Rapid industrialization in many states such as Gujrat, Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka and Andhra Pradesh and rise in the number of trade activities are boosting the demand for industrial lubricants.

Factors such as high cost of economic uncertainties and downturns and fluctuation in raw material prices and counterfeiting of Industrial lubricants are restraining the market growth.

Supportive government policies such as the Make in India Initiative, Production Linked Incentive Scheme, growing E- e-commerce industry in India are some of the factors boosting the production and sales of industrial lubricants, thereby creating lucrative opportunities for the market during the forecast period.

Indian Industrial Lubricants market is segmented by product type, base oil, by end user, by sales channels and by region. By Product Type, the Indian 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.

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By base oil, Indian 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.

By end user, Indian 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.

By Region, North India is expected to hold a significant market share in Indian Industrial Lubricants market during the forecast period. States like Uttar Pradesh, Delhi, Punjab, Haryana, Uttrakhand, and J&K are playing crucial roles in the market growth of this region.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 2.1 Billion
Projected Market Size in 2033	USD 3.6 Billion
Market Size in 2023	USD 1.9 Billion
CAGR Growth Rate	5.71% 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.

(A free sample of the India Industrial Lubricants report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the India Industrial Lubricants report has been modified to include the COVID-19 impact study prior to delivery.)

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Custom Market Insights has comprehensively analyzed India Industrial Lubricants market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this India Industrial Lubricants industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the India Industrial Lubricants market and what is its expected growth rate?
What are the primary driving factors that push the India Industrial Lubricants market forward?
What are the India Industrial Lubricants Industry's top companies?
What are the different categories that the India Industrial Lubricants Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the India Industrial Lubricants market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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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.

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Browse the full “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 at https://www.custommarketinsights.com/report/india-industrial-lubricants-market/

List of the prominent players in the Indian 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 organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, strategic alliances, new product launches, etc. to enhance their product portfolio and business operations.

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The Indian 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

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This India Industrial Lubricants Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Key Players in This India Industrial Lubricants Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Market Status of the India Industrial Lubricants Market? What Was the Capacity, Production Value, Cost and PROFIT of the India Industrial Lubricants Market?
What Is the Current Market Status of the India Industrial Lubricants Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of India Industrial Lubricants Market by Considering Applications and Types?
What Are Projections of the India Industrial Lubricants Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is India Industrial Lubricants Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On India Industrial Lubricants Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
What Are Market Dynamics of India Industrial Lubricants Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for India Industrial Lubricants Industry?

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Reasons to Purchase India Industrial Lubricants Market Report

India Industrial Lubricants Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
India Industrial Lubricants Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
India Industrial Lubricants Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
India Industrial Lubricants Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the India Industrial Lubricants market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide India Industrial Lubricants market analysis.

The competitive environment of current and potential participants in the India Industrial Lubricants market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide India Industrial Lubricants market should find this report useful. The research will be useful to all market participants in the India Industrial Lubricants industry.
Managers in the India Industrial Lubricants sector are interested in publishing up-to-date and projected data about the worldwide India Industrial Lubricants market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in India Industrial Lubricants products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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