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The Indian 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.Speak directly to the analyst to clarify any post sales queries you may have.
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Textile industry 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.
Based 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 the Indian 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.
Years Considered for this Report:
- Historical Years: FY2013 - FY2019
- Base Year: FY2020
- Estimated Year: FY2021
- Forecast Period: FY2021 - FY2027
Objective of the Study:
- The primary objective of the study was to evaluate and forecast the Indian Industrial Lubricant Market.
- To categorize the Indian Industrial Lubricant Market based on lubricant type, application, sales channel, end-use and region.
- To segment and forecast the Indian 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).
- To segment and forecast the Indian Industrial Lubricant Market in terms of application (Machining, Hydraulics, Gear, Bearing, Air Compressor, Turbine and Others).
- To segment and forecast the Indian Industrial Lubricant Market in terms of sales channel (Direct, Distributors, and Traders & Retailers).
- To segment and forecast the Indian 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).
- To segment and forecast the Indian Industrial Lubricant Market in terms of region (North, South, East and West).
- To understand major policies and regulations which can positively or negatively impact the Indian Industrial Lubricant Market.
- To identify major drivers, challenges and trends in the Indian Industrial Lubricant Market.
- To identify major suppliers and distributors of industrial lubricant in Indian market.
- To perform pricing analysis of industrial lubricant in India.
- To identify and profile major companies operating in the Indian Industrial Lubricant Market.
To extract the data for the Indian 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, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the publisher analyzed various end-user segments and projected a positive outlook for the Indian Industrial Lubricant Market over the coming years.
The publisher calculated the Indian Industrial Lubricant Market size by 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. The publisher sourced these values from the 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.
Key Target Audience:
- Industrial lubricant manufacturers, distributors and other stakeholders
- Major end-users of Industrial lubricants
- Organizations, forums and alliances related to lubricants market
- Government bodies such as regulating authorities and policy makers
- 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 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.
Report Scope:
In this report, the Indian 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
- Grease
- Gear Oil
- Compressor Oil
- Bearing Oil
- Others
Market, by Packaging Size:
- Less than and equal to 2 liters
- 5 Liters
- 10 Liters
- 20 Liters
- Barrel (200 Liters and above)
Market, by Application:
- Machining
- Hydraulics
- Gear
- Bearing
- Air Compressor
- Turbine
- Others
Market, by Sales Channel:
- Direct
- Distributors
- Traders & Retailers
Market, by End-Use:
- Construction & Mining
- Automotive & Auto Component
- Machine Tools & Machinery
- Power and Oil & Gas
- Iron & Steel
- Marine & Shipping
- Chemical
- Others
Market, by Region:
- West
- South
- North
- East
Competitive Landscape
- 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 the Indian Industrial Lubricant Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
5. India Industrial Lubricant Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Lubricant Type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, Compressor Oil, Bearing Oil and Others)
5.2.2. By Application (Machining, Hydraulics, Gear, Bearing, Turbine, Air Compressor and Others)
5.2.3. By Packaging Size (Less than and equal to 2 liters, 5 Liters, 10 Liters, 20 Liters, Barrel (200 Liters and above))
5.2.4. By End Use (Power and Oil & Gas, Construction & Mining, Automotive & Auto Components, Iron & Steel, Chemical, Marine & Shipping, Machine Tools & Machinery and Others)
5.2.5. By Sales Channel (Direct, Distributors, and Traders & Retailers)
5.2.6. By Region
5.2.7. By Company (Top 5 Company Shares)
6. India Hydraulic Oil Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Packaging Size
6.2.2. By End Use
6.2.3. By Sales Channel
7. India Metal Working Fluid Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Packaging Size
7.2.2. By End Use
7.2.3. By Sales Channel
8. India Grease Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Packaging Size
8.2.2. By End Use
8.2.3. By Sales Channel
9. India Gear Oil Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Packaging Size
9.2.2. By End Use
9.2.3. By Sales Channel
10. India Industrial Engine Oil Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Packaging Size
10.2.2. By End Use
10.2.3. By Sales Channel
11. India Compressor Oil Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share & Forecast
11.2.1. By Packaging Size
11.2.2. By End Use
11.2.3. By Sales Channel
12. India Bearing Oil Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.1.2. By Volume
12.2. Market Share & Forecast
12.2.1. By Packaging Size
12.2.2. By End Use
12.2.3. By Sales Channel
13. Market Dynamics
13.1. Drivers
13.2. Challenges
13.3. Impact Analysis
14. Market Trends & Developments
15. Policy & Regulatory Landscape
16. India Economic Profile
17. Competitive Landscape
17.1. Competitive Benchmarking
17.2. Company Profiles
17.2.1. Indian Oil Corporation Limited
17.2.2. Bharat Petroleum Corporation Limited
17.2.3. Castrol India Limited
17.2.4. Hindustan Corporation Limited
17.2.5. Tide Water Oil Co. (India) Ltd
17.2.6. Shell India Market Pvt. Limited
17.2.7. Gulf Petrochem Petroleums Limited
17.2.8. ExxonMobil Lubricants Pvt. Limited
17.2.9. Gulf Oil Lubricants India Limited
17.2.10. Total Oil India Pvt. Limited
18. Strategic Recommendations
19. About the Publisher & DisclaimerList of Figures
Figure 1: India Industrial Automotive Market Size, By Value (USD Billion) & By Volume (Million Liters), FY2013-FY2027F
Figure 2: India Industrial Lubricant Market Share, By Type, By Volume, FY2013- FY2027F
Figure 3: India Industrial Lubricant Market Share, By Application, By Volume, FY2013 - FY2027F
Figure 4: India Industrial Lubricant Market Share, By Packaging Size, By Volume, FY2013 - FY2027F
Figure 5: India Industrial Lubricant Market Share, By End Use, By Volume, FY2013 -FY2027F
Figure 6: India Industrial Lubricant Market Share, By Sales Channel, By Volume, FY2013 - FY2027F
Figure 7: India Industrial Lubricant Market Share, By Region, By Volume, FY2020 & FY2027F
Figure 8: India Industrial Lubricant Market Share, By Company, By Volume, FY2020
Figure 9: India Hydraulic Oil Market Size, By Value (INR Billion) & By Volume (Million Liters),
FY2013 - FY2027F
Figure 10: India Hydraulic Oil Market Share, By Packaging Size, By Volume, FY2013 - FY2027F
Figure 11: India Hydraulic Oil Market Share, By End Use, By Volume, FY2013-FY2027F
Figure 12: India Hydraulic Oil Market Share, By Sales Channel, By Volume, FY2013 - FY2027F Figure 13: India Metal Working Fluid Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013-FY2027F
Figure 14: India Metal Working Fluid Market Share, By Packaging Size, By Volume, FY2013 - FY2027F
Figure 15: India Metal Working Fluid Market Share, By End Use, By Volume FY2013 - FY2027F Figure 16: India Metal Working Fluid Market Share, By Sales Channel, By Volume, FY2013 - FY2027F
Figure 17: India Industrial Engine Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013 - FY2027F
Figure 18: India Industrial Engine Oil Market Share, By Packaging Size, By Volume, FY2013 - FY2027F
Figure 19: India Industrial Engine Oil Market Share, By End Use, By Volume, FY2013 - FY2027F Figure 20: India Industrial Engine Oil Market Share, By Sales Channel, By Volume, FY2013 - FY2027F
Figure 21: India Greases Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013- FY2027F
Figure 22: India Greases Market Share, By Packaging Size, By Volume, FY2013 - FY2027F
Figure 23: India Greases Market Share, By End Use, By Volume, FY2013- FY2027F
Figure 24: India Greases Market Share, By Sales Channel, By Volume, FY2013- FY2027F
Figure 25: India Gear Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013- FY2027F
Figure 26: India Gear Oil Market Share, By Packaging Size, By Volume, FY2013- FY2027F
Figure 27: India Gear Oil Market Share, By End Use, By Volume, FY2013 - FY2027F
Figure 28: India Gear Oil Market Share, By Sales Channel, By Volume, FY2013 - FY2027F
Figure 29: India Compressor Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013-FY2027F
Figure 30: India Compressor Oil Market Share, By Packaging Size, By Volume, FY2013- FY2027F
Figure 31: India Compressor Oil Market Share, By End Use, By Volume, FY2013- FY2027F
Figure 32: India Compressor Oil Market Share, By Sales Channel, By Volume, FY2013-FY2027F
Figure 33: India Bearing Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013 - FY2027F
Figure 34: India Bearing Oil Market Share, By Packaging Size, By Volume, FY2013 - FY2027F Figure 35: India Bearing Oil Market Share, By End Use, By Volume, FY2013 - FY2027F
Figure 36: India Bearing Oil Market Share, By Sales Channel, By Volume, FY2013 - FY2027FList of Tables
Table 1: India Industrial Lubricant Forecasting Model
Table 2: Partial List of India Lubricant Investment Projects, By Completion Year
Table 3: West India Installed Power Generation Capacity, By State, FYFY2020 (MW)
Table 4: NLGI Consistency numbers
Table 5: India Thermal Power Plant Projects
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Indian Oil Corporation Limited
- Bharat Petroleum Corporation Limited
- Castrol India Limited
- Hindustan Corporation Limited
- Tide Water Oil Co. (India) Ltd
- Shell India Market Pvt. Limited
- Gulf Petrochem Petroleums Limited
- ExxonMobil Lubricants Pvt. Limited
- Gulf Oil Lubricants India Limited
- Total Oil India Pvt. Limited
