Report Description

India Base Oil Market is anticipated to increase at an impressive rate in the forecast period 2028. The growth is attributable to the increased use of lubricating oil in industries such as metallurgy, automotive, chemicals, heavy equipment, and power generation. The country had produced around 17.8 million vehicles in financial year 2022.

The market is highly fragmented, with many very creative players. Companies are implementing collaborative business techniques to boost efficiency, supply consumers with highly appreciated products, and extend their geographical presence.

Base oil is widely used in the formulation of lubricating oils and has various applications in various sectors. Group-I base oils are primarily utilized in marine lubricants, which are commonly used in the shipping sector to protect and enhance the performance of engines and equipment. These high-performance marine lubricants require high-viscosity base oils to work well in operations.

The increased popularity of aromatic treatments for homes in developed economies like Germany, the United Kingdom, the United States, and Canada is expected to drive demand for market over the projection period. The leading industry participants have identified the potential future opportunities of the market across the world and are continually acquiring small- or medium-sized enterprises. They are collaborating with other companies to produce significant quantities of base oils. These top firms are also introducing innovative items in the industry to preserve their supremacy. All these factors are fueling the growth of the market.

Growing Demand from the Automobile Sector
The automobile sector is one of the most significant contributors to base oils globally. The demand for lubricants in car manufacturing is anticipated to remain stable; however, moving toward electric vehicles has restricted growth for specific lubricants. Consumers want standard and specialized solutions to meet their needs. Thus, lubricant makers are investing in innovative product development, particularly in the automotive industry. The rising consumption of lubricant makers is expected to drive base oil demand over the predicted period.

Rising Awareness and Stringent Government Regulations
The increased requirement for emission control in numerous industries, such as marine, and rigorous government regulations to reduce CO2, NOx, sulfur, and other pollutant matter have driven oil firms to create improved ways of improving lubricant composition. This has led to an increase in the adoption of Group II, Group III, and blended base oils for the manufacturing of lubricants. This factor encourages the expansion of the India base oil market.


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Market Segmentation
India Base Oil market is segmented based on Type, and Application. Based on Type Group I, Group II, Group III, Group IV, and Group V. Based on Application the market is segmented into Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Greases, and Others.

Market Players
ExxonMobil Corporation, Indian Oil Corporation Ltd., SK Lubricants Co., Ltd., Petronas Lubricants International, BP p.l.c, Shell India Pvt Ltd., Chevron Corporation, Bharat Petroleum Corporation Limited, Sepahan Oil and Hindustan Petroleum Corporation Limited are some of the key players operating in the India Base Oil Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

       Type

       Application

Regional scope

North, South, West, East

Key companies profiled

ExxonMobil Corporation, Indian Oil Corporation Ltd., SK Lubricants Co., Ltd., Petronas Lubricants International, BP p.l.c,

Shell India Pvt Ltd., Chevron Corporation, Bharat Petroleum Corporation Limited, Sepahan Oil and Hindustan Petroleum Corporation Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:
In this report, India Base Oil Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Base Oil Market, By Type:

o   Group I

o   Group II

o   Group III

o   Group IV

o   Group V

·         India Base Oil Market, By Application:

o   Automotive Oil

o   Industrial Oil

o   Metalworking Fluids

o   Hydraulic Oil

o   Greases

o   Others

·         India Base Oil Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Base Oil Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Base Oil Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.           Markets Covered

1.2.2.           Years Considered for Study

1.2.3.           Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    India Base Oil Market Outlook

5.1.  Market Size & Forecast

5.1.1.           By Value & Volume

5.2.  Market Share & Forecast

5.2.1.           By Type (Group I, Group II, Group III, Group IV, and Group V)

5.2.2.           By Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Greases, and Others)

5.2.3.           By Region (North, South, West and East)

5.2.4.           By Company (2022)

5.3.  Market Map

5.3.1.           By Type

5.3.2.           By Application

5.3.3.           By Region

6.    North India Base Oil Market Outlook

6.1.  Market Size & Forecast          

6.1.1.           By Value & Volume

6.2.  Market Share & Forecast

6.2.1.           By Type

6.2.2.           By Application

6.2.3.           By State (Top 3 States)

7.     South India Base Oil Market Outlook.

7.1.  Market Size & Forecast          

7.1.1.           By Value & Volume

7.2.  Market Share & Forecast

7.2.1.           By Type

7.2.2.           By Application

7.2.3.           By State (Top 3 States)

8.    West India Base Oil Market Outlook

8.1.  Market Size & Forecast          

8.1.1.           By Value & Volume

8.2.  Market Share & Forecast

8.2.1.           By Type

8.2.2.           By Application

8.2.3.           By State (Top 3 States)

9.    East India Base Oil Market Outlook

9.1.  Market Size & Forecast          

9.1.1.           By Value & Volume

9.2.  Market Share & Forecast

9.2.1.           By Type

9.2.2.           By Application

9.2.3.           By State (Top 3 States)

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

11.1.              Mergers & Acquisitions

11.2.              Recent Trends & Developments

11.3.              New Product Launches

12.  Pricing Analysis

13.  List of Suppliers/Distributors, By Region (Up to 10)

14.  Policy and Regulatory Landscape

15.  Porters Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Products

16.  Competitive Landscape

16.1.              Business Overview

16.2.              Company Snapshot

16.3.              Products & Services

16.4.              Financials (As Reported)

16.5.              Recent Developments

16.6.              SWOT Analysis

16.6.1.         ExxonMobil Corporation

16.6.2.         Indian Oil Corporation Ltd.

16.6.3.         SK Lubricants Co., Ltd.

16.6.4.         Petronas Lubricants International

16.6.5.         BP p.l.c

16.6.6.         Shell India Pvt Ltd.

16.6.7.         Chevron Corporation

16.6.8.         Bharat Petroleum Corporation Limited

16.6.9.         Sepahan Oil

16.6.10.      Hindustan Petroleum Corporation Limited

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Rising demand from various End-User Industries and favorable government policies are factors that drive the demand for the India Base Oil Market in the forecast period.

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ExxonMobil Corporation, Indian Oil Corporation Ltd., SK Lubricants Co., Ltd., Petronas Lubricants International, BP p.l.c, Shell India Pvt Ltd., Chevron Corporation, Bharat Petroleum Corporation Limited, Sepahan Oil and Hindustan Petroleum Corporation Limited are the key players operating in the India Base Oil Market.

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Based on Application the market is fragmented into Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Greases, and Others. Automotive Oil Sector Dominated the market due to its widespread use and acceptance in the region.

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The Western region is dominating the market and is expected to maintain its dominance over the projected period.

profile

Sakshi Bajaal

Business Consultant
Press Release

India Base Oil Market Estimated to Grow at a Steady Rate Through 2025

Dec, 2019

Rapid industrialization and surging demand for high-grade oils in the automotive industry to propel the growth of the base oil market in India