India Industrial Lubricant Market to Grow with a CAGR of 4.28% through 2030
Rising Focus on Operational Efficiency is expected to drive the
India Industrial Lubricant Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Industrial
Lubricant Market- By Region, Competition, Forecast and Opportunities,
2020-2030”, the India Industrial Lubricant Market was valued at USD 7.25
Billion in 2024 and is anticipated to grow with a CAGR of 4.28% through 2030. Companies are increasingly prioritizing operational efficiency to lower
overall costs. High-quality industrial lubricants play a crucial role in this
effort by enhancing machinery performance, reducing friction, and minimizing
wear and tear, which results in decreased maintenance and repair costs. For
instance, in July 2024, Autoz365 Lubricants, launched by Tesla Power India,
introduced a new range of lubricants in Ahmedabad designed to boost fuel
efficiency and provide superior engine protection. Effective lubrication is
vital for preventing equipment failures and minimizing unexpected downtime,
ensuring smooth and uninterrupted production processes.
Modern lubricants are engineered to reduce friction
and improve machinery efficiency, thereby lowering energy consumption. This
development aligns with broader industry objectives to cut energy expenses and
reduce environmental impact. The focus on operational efficiency drives the
creation of advanced lubricants with enhanced performance features, such as
improved temperature stability and better wear and corrosion resistance. For
example, in June 2024, Castrol India Limited launched the latest Castrol EDGE
engine oils, tailored to meet the demands of SUVs, hybrid vehicles, and
European cars, providing enhanced engine protection and performance.
The emphasis on operational efficiency often includes
sustainability goals, with eco-friendly lubricants offering high performance
while minimizing environmental impact. This growing focus on operational
efficiency fuels the demand for industrial lubricants that improve machinery
performance, reduce costs, and support sustainable practices.
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The India Industrial Lubricant Market is segmented
into product type, application, end user, regional distribution, and company.
Based on the Product Type, the Metal
Working Fluid emerged as the fastest growing segment in the Indian market for Industrial
Lubricant during the forecast period. The increase in manufacturing activities, particularly
in the automotive, aerospace, and metalworking industries, is driving the
demand for metal working fluids. These fluids are crucial for essential
processes like cutting, grinding, and machining within these sectors. Recent
advancements in metal working fluid formulations, including high-performance
and eco-friendly options, are further accelerating their adoption, meeting the
evolving needs of modern manufacturing.
At IMTEX 2023, Blaser presented its Smart Automated
Coolant Management System, specifically designed for metalworking fluids. This
system ensures precise monitoring of coolant concentration and reliability,
essential for industry operations. Additionally, Blaser introduced the
LiquidTool Instructor, a revolutionary tool providing real-time analytics of
key parameters such as measurement, temperature, and concentration of
metalworking fluids directly on the shop floor. The growth of both the
automotive and aerospace sectors is increasing the use of metal working fluids,
essential for the efficient functioning of machinery used in producing parts
for these industries. As demand for high-precision components rises, metal
working fluids play a critical role in maintaining their accuracy and quality.
The trend toward sustainable and biodegradable metal working fluids also
supports market growth, aligning with broader environmental objectives and
helping industries reduce their ecological impact.
Based on the region, the South India emerged as the
fastest growing region in the Indian Industrial Lubricant market during the
forecast period. The
South region of India, particularly Tamil Nadu, Karnataka, and Andhra Pradesh,
has experienced robust growth across key manufacturing sectors such as
automotive, textiles, and machinery. This expansion has significantly increased
the demand for industrial lubricants essential for the efficient operation of
machinery and equipment. Tamil Nadu, with the highest number of factories in
India, and its capital, Chennai, recognized as the largest industrial and
commercial center in South India, exemplify this trend. Ongoing investments in
infrastructure development, including the establishment of new manufacturing
plants and industrial zones, further bolster the growth of the lubricants
market by improving distribution and accessibility. Economic growth in the
South, fueled by substantial investments and industrial activity, drives higher
industrial output and lubricant consumption. The region’s adoption of advanced
industrial technologies also necessitates specialized lubricants, which supports
demand for high-performance and innovative products. As industrial operations
and vehicle fleets expand, the need for lubricants to ensure the smooth
maintenance and operation of machinery and vehicles continues to rise,
solidifying the South as the fastest-growing region in the Indian industrial
lubricants market.
Major companies operating in India Industrial
Lubricant Market are:
- Gulf Oil
Lubricants India Limited
- Hindustan
Petroleum Corporation Limited
- Castrol
India Limited
- SAVITA
OIL TECHNOLOGIES LIMITED
- Shell
Energy India Private Limited
- Tide
Water Oil Co. (India) Ltd.
- Indian
Oil Corporation Limited
- Valvoline
Cummins Private Limited
- TotalEnergies
Marketing India Private Limited.
- Bharat Petroleum
Corporation Limited
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“India's industrial lubricants market is undergoing
notable change, driven by the nation's swift industrial growth and
technological advancements. The rise in sophisticated manufacturing techniques
and automation is boosting the demand for specialized lubricants that improve
performance and cut operational expenses. Furthermore, a focus on
sustainability and adherence to regulations is steering the market towards more
eco-friendly and efficient lubricant options. This evolution is not only
meeting current industrial demands but also establishing India as a key player
in the global lubricants sector”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“India Industrial Lubricant Market By Product Type
(Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil,
Compressor Oil, Bearing Oil and Others), By Application (Machining, Hydraulics,
Gear, Bearing, Turbine, Air Compressor and Others), By End User (Power and Oil
& Gas, Construction & Mining, Automotive, Metallurgy, Chemical, and
Others), By Region, Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of India Industrial Lubricant Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Industrial Lubricant Market.
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