How big is the India Lubricants Market?

The India Lubricants Market size is expected to reach 2.87 billion Liters in 2024 and grow at a CAGR of 4.76% to reach 3.15 billion Liters by 2026. Read More

What is the current India Lubricants Market size?

In 2024, the India Lubricants Market size is expected to reach 2.87 billion Liters. Read More

Who are the key players in India Lubricants Market?

Bharat Petroleum Corporation Limited, BP Plc (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited are the major companies operating in the India Lubricants Market. Read More

Which segment has the biggest share in the India Lubricants Market?

In the India Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the India Lubricants Market?

In 2024, the Automotive segment accounts for the fastest growing by end user in the India Lubricants Market. Read More

What years does this India Lubricants Market cover, and what was the market size in 2023?

In 2023, the India Lubricants Market size was estimated at 2.72 billion Liters. The report covers the India Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Lubricants Market size for years: 2024, 2025 and 2026. Read More

India Lubricants Market Size

Statistics for the 2023 & 2024 India Lubricants market size, created by Mordor Intelligence™ Industry Reports. India Lubricants size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of india lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	2.87 Billion Liters
	Market Volume (2026)	3.15 Billion Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	4.76 %
	Fastest Growing by End User	Automotive
Major Players

*Disclaimer: Major Players sorted in no particular order

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India Lubricants Market Analysis

The India Lubricants Market size is estimated at 2.87 Billion Liters in 2024, and is expected to reach 3.15 Billion Liters by 2026, growing at a CAGR of 4.76% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Due to the higher volume of engine & gear oil used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end-use segment of lubricants in India due to consumers' rising purchasing power resulting in increasing vehicle ownership.
Largest Segment by Product Type - Engine Oils : Engine oil is the highest consumed product category in India owing to the enormous engine size of cars, motorcycles, trucks & buses and their high oil changing frequencies.
Fastest Segment by Product Type - Engine Oils : Engine oil consumption in India is likely to grow at a faster rate than other product types due to the growing presence of gasoline- and diesel-run vehicles in the country.