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 variety of end
user industries therefore, an extensive list of lubricants is available that
include hydraulic oil, greases, gear oil, compressor oil, industrial engine
oil, metal working fluids and bearing oil. Among these, the hydraulic
lubricants and machine lubricants dominate the market in FY2019 due to high
demand in industrial and mining applications.
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, 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 metal working 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 head, cylinder block, cam
shaft, 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.
on region, western region accounts for the significant share of the demand of
the Industrial Lubricants because West India specifically Gujarat and
Maharashtra have 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 are Hindustan Petroleum Corporation Limited, Indian
Oil Corporation Limited, Bharat Petroleum Corporation Limited, Shell India
Markets Private Limited, Gulf Petrochem Petroleums Limited, ExxonMobil
Lubricants Pvt Ltd, Castrol India Limited, Gulf Oil Lubricants India Limited,
Tide Water Oil Co. (India) Ltd, Total Oil India Private Limited, etc.
Considered for this Report:
Historical Years: FY2013 – FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2021 – FY2027
of the Study:
primary objective of the study was to evaluate and forecast India industrial
categorize India industrial lubricant market based on lubricant type,
application, sales channel, end use and region.
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).
segment and forecast India industrial lubricant market in terms of application
(Machining, Hydraulics, Gear, Bearing, Air Compressor, Turbine and Others).
segment and forecast India industrial lubricant market in terms of sales
channel (Direct, Distributors, and Traders & Retailers).
segment and forecast India industrial lubricant market in terms of end use
(Construction & Mining, Automotive & Auto Component, Machine Tools
& Machinery, Power and Oil & Gas, Iron & Steel, Marine &
Shipping, Chemical and Others).
segment and forecast India industrial lubricant market in terms of region
(North, South, East and West).
understand major policies and regulations which can positively or negatively
impact India industrial lubricant market.
identify major drivers, challenges and trends in India industrial lubricant
identify major suppliers and distributors of industrial lubricant in Indian
perform pricing analysis of industrial lubricant in India.
identify and profile major companies operating in India industrial lubricant market.
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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.
- Industrial lubricant manufacturers, distributors and other stakeholders
- Major end users of
- Organizations, forums
and alliances related to lubricants market
- Government bodies such
as regulating authorities and policy makers
- Market research and
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.
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 Fluid
- Industrial Engine Oil
- Hydraulic Oil
- Gear Oil
- Compressor Oil
- Bearing Oil
Market, by Packaging Size:
than and equal to 2 liters
(200 Liters and above)
Market, by Application:
- Air Compressor
Market, by Sales Channel:
- Traders & Retailers
Market, by End Use:
- Construction & Mining
- Automotive & Auto Component
- Machine Tools & Machinery
- Power and Oil & Gas
- Iron & Steel
- Marine & Shipping
Market, by Region:
Company 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.
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.
- Detailed analysis and
profiling of additional market players (up to five).
List of major customers
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]