Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "India Lubricants Market Size, Share & Trends Analysis Report by Product (Industrial Lubricants, Automotive Lubricants, Marine Lubricants, Aerospace Lubricants), and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The India lubricants market size is expected to reach USD 9.70 billion by 2030, expanding at a CAGR of 4.4% from 2024 to 2030. The increasing demand for lubricants from automobile and manufacturing industries is driving the industry growth. 
Lubricants are growing in demand for use in the aerospace and automobile industries. Motul India announced campaigns for launch of their new synthetic engine oils for improved engine performance. The campaign not only provides information about benefits of new engine oil but also increases awareness regarding engine maintenance.
Companies like TotalEnergies are investing in the development of lubricant fluids specifically for electric vehicles with growing demand for electric vehicles in the market. Indian automobile market recorded 1.5 million electric vehicles sales in 2023, with growing popularity for electric vehicles in the market, lubricant manufacturing companies have growing opportunities to manufacture greases, brake fluids, and battery coolants specialized for electric vehicles.
India Lubricants Market Report Highlights
- Based on product, the automotive lubricants segment held the largest market share of 57% in 2023. The automotive industry in India continues to grow, fueled by domestic demand and increasing export opportunities
- The aerospace lubricants segment is expected to grow at the fastest-growing CAGR over the forecast period. The Indian aviation industry recorded 152 million domestic passengers in 2023. The rising air passenger traffic, driven by economic growth, increasing disposable incomes, and greater connectivity, necessitates a larger fleet size
- The growing demand for maintenance and repairs of aircraft operating in domestic air travel is anticipated to propel the demand for lubricants in the aerospace lubricants segment
Company Profiles
- CASTROL LIMITED
- HP Lubricants
- Indian Oil Corporation Ltd
- Shell
- Gulf Oil International Ltd
- Valvoline
- TotalEnergies
- Exxon Mobil Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 70 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $7.19 Billion |
| Forecasted Market Value (USD) by 2030 | $9.7 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | India |
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. India Lubricants Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter's Five Forces Analysis
3.5.2. Macro-environmental Analysis
Chapter 4. India Lubricants Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2023 & 2030
4.2. India Lubricants Market Estimates & Forecast, by Product, 2018 to 2030 (Kilotons) (USD Million)
4.3. Industrial Lubricants
4.4. Automotive Lubricants
4.5. Marine Lubricants
4.6. Aerospace Lubricants
Chapter 5. India Lubricants Market - Competitive Landscape
5.1. Recent Developments & Impact Analysis, by Key Market Participants
5.2. Company Categorization
5.3. Company Heat Map/Position Analysis, 2023
5.4. Strategy Mapping
5.4.1. Expansion
5.4.2. Mergers & Acquisition
5.4.3. Partnerships & Collaborations
5.4.4. New Product Launches
5.4.5. Research and Development
5.5. Company Profiles
5.5.1. Participant's Overview
5.5.2. Financial Performance
5.5.3. Product Benchmarking
5.5.4. Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/4pddyz
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