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 Trends

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

Market Trends of india lubricants Industry

This section covers the major market trends shaping the India Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the automotive industry dominated the Indian lubricants market, accounting for 58% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by 35% due to the rapidly growing vehicle usage, sales, and outputs.
In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 15.7% during the year, followed by heavy equipment (11.3%).
Automotive is likely to be the fastest-growing end-user industry of the Indian lubricants market during 2021-2026, with a CAGR of 6.31%, followed by heavy equipment (3.98%). A recovery in the average mileage of vehicles and an increase in new vehicle sales will likely drive lubricants consumption from the automotive industry during 2021-2026.