As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast. 

The India base oil market is expected to grow at a steady rate during the forecast period. Base oil is used as a raw material to produce lubricants and its composition usually varies depending upon the application. Rapid industrialisation is one of the major factors responsible for the market growth of base oil in the country. Additionally, rapidly growing automotive industry coupled with rise in number of automobile manufacturing plants are some of the other factors that are anticipated to boost the growth of base oil market in the country over the coming years. Moreover, increasing use of lubricants in numerous end user industries is further propelling the product demand in the country. Furthermore, rise in sales of vehicles along with growing logistics & aviation and trade industries are anticipated to play a considerable role in bolstering the growth of India base oil market. However, the India base oil market is likely to get subdued during the forecast period due to the factors such as fluctuating costs of crude oil and regulations concerning emission norms.

The India base oil market can be segmented based on type, application, company and region. In terms of application, the market is fragmented into industrial oil, metalworking fluids, hydraulic oil, greases, and others. Out of which, the automotive oil application dominated the market until 2019 and is further anticipated to maintain its lead during the forecast period in terms of both value and volume. The segment growth is accredited to rapid expansion of the automotive sector in the country. 

Major players in the India base oil market include Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Total S.A., SK Lubricants & Oils India Pvt Ltd., BP PLC, Chevron Lubricants India Pvt Ltd, Petronas Pvt. Ltd., Shell India Pvt Ltd, ADNOC and others. The companies in the market are focusing on collaborations in order to expand their market share.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyse and forecast the market size of India base oil market
  • To forecast India base oil market based on type, application, company and regional distribution.
  • To identify drivers and challenges for India base oil market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in India base oil market.
  • To conduct the pricing analysis for India base oil market.
  • To identify and analyse the profile of leading players operating in the India base oil market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of base oil manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, application types and presence of all major base oil manufacturers across the region.

TechSci Research calculated India base oil market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Base oil manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to base oil
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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:

  • Market, By Type:
    • Group I
    • Group II
    • Group III
    • Group IV
    • Group V
  • Market, By Application:
    • Automotive Oil
    • Industrial Oil
    • Metalworking Fluids
    • Hydraulic Oil
    • Greases
    • Others
  • Market, By Region:
    • North
    • West
    • East
    • South

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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
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1.     Product Overview

2.     Research Methodology

3.     Impact of COVID-19 on India Base Oil Market

4.     Executive Summary

5.     Voice of Customer

6.     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 (Group I, Group II, Group III, Group IV, and Group V)

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

6.2.3. By Region (East; West; North; South)

6.2.4. By Company (2019)

6.3.   Market Attractiveness Index

7.     North 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

8.     East 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

9.     South 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

10.  West India Base Oil Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value & Volume

10.2.              Market Share & Forecast

10.2.1.   By Type

10.2.2.   By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Pricing Analysis

14.1.              By Company

14.2.              By Type

15.  India Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles

16.2.1.   Indian Oil Corporation Ltd

16.2.2.   Hindustan Petroleum Corporation Limited

16.2.3.   Bharat Petroleum Corporation Limited

16.2.4.   Total S.A.

16.2.5.   SK Lubricants & Oils India Pvt Ltd.

16.2.6.   BP PLC

16.2.7.   Chevron Lubricants India Pvt Ltd

16.2.8.   Petronas Pvt. Ltd.

16.2.9.   Shell India Pvt Ltd

16.2.10.                ADNOC

17.  Strategic Recommendations

18.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]