Opportunities in Lubricants: India Market Analysis

Opportunities in Lubricants: India Market Analysis

Base Year: 2019
Forecasts to 2024
To be Published 1st Quarter 2020
Regional Coverage: India

After a decisive victory in the 2019 general election, the Indian government has the mandate to carry out its program of economic reform and infrastructure development. This cements India’s position as one of the fastest-growing large economies. Improving consumer spending, accelerating infrastructure development, and stronger FDI inflows in India are creating the potential for rapid growth in the lubricants industry. Poor air quality is forcing the Indian government to tighten emission limits and improve fuel quality. The introduction of Bharat Stage VI in 2020 will drive lubricants quality improvement.

This study provides a comprehensive analysis of the Indian lubricants market, focusing on key trends, developments, challenges, business opportunities, and major suppliers.

This Report Helps Subscribers to:

  • Assess India’s finished lubricants market in terms of demand by products, applications, and end-use industries
  • Gain better understanding of the market opportunities and challenges to doing business in India
  • Evaluate growth drivers and restraints and understand market outlook in terms of volume growth
  • Understand impact of changing fuel quality and emission limits on lubricant quality and the penetration of synthetic lubricants
  • Understand customer expectations, purchasing criteria and practices, and how they will change
  • Assess the competitive landscape and evaluate the market position of competitors
  • Develop business plans to tap opportunities in the Indian lubricants market

Report Contents


Executive Summary

  • Overview of key findings

India Background

  • Economic background
  • Trade barriers
  • Automobile industry
  • Basestock production and trade

Consumer Automotive Lubricants

  • Overall demand
  • End-use markets
    − Factory fill
    − Franchise Workshops
    − Car dealerships
    − General Repair Garages
    − Two-wheeler mechanics
    − Retail outlets and fuel stations
  • Products
    − Automatic transmission fluid
    − Engine oil
    − Gear oil
    − Grease

Commercial Automotive Lubricants

  • Overall demand
  • End-use markets
    − Factory fill (agriculture, trucks, construction and mining, buses, three-wheelers)
    − On-highway sub-segment (fleets, owner-operators, dealerships)
    − Off-highway sub-segment (agriculture, construction, mining)
  • Products
    − Engine oil
    − Gear oil
    − Grease
    − Hydraulic and transmission fluid

Industrial Lubricants

  • Overall demand
  • End-use markets
    − Auto, auto components, and general engineering
    − Aviation, marine, and railways
    − Cement
    − Chemicals and related products
    − Food-processing
    − Metals
    − Mining
    − Oil and gas extraction and petroleum refining
    − Power sector
    − Textiles
  • Products
    − General industrial oils
    − Grease
    − Industrial engine oils
    − Metalworking fluids
    − Process oils


  • Apar Chematek
  • Balmer Lawrie
  • BP
  • BPCL
  • Fuchs
  • Gulf Oil
  • HPCL
  • Idemitsu Lube India
  • IOCL
  • Kluber
  • Motul
  • Petronas
  • Raj Petro
  • Savita Oil
  • Shell
  • Tide Water Oil
  • Total
  • Valvoline

Scope & Benefits

Opportunities in Lubrication: India Market Analysis provides a detailed independent appraisal of this fast-growing lubricant market and explore market opportunities and challenges for lubricant blenders and marketers, baseoil marketers, and additive companies. Specifically, the study covers:

  • Lubricant demand in the commercial, consumer, and industrial segment by product type, application, and end use
  • Fuel quality and emission regulations and its impact on lubricant quality, penetration of synthetic lubricants, and viscosity grade shifts
  • Lubricant demand growth drivers and market outlook over a five year horizon
  • Profiles of prominent installed and retail channels, on-highway and off-highway fleets, and end-use industries
  • Profiles of leading lubricant marketers and an analysis of their market position
  • Market opportunities and challenges


This report assists lubricant blenders, marketers, and other market participants in identifying opportunities and challenges within the industry. It also serves as an invaluable tool in the strategic planning process.

Specifically, the report helps subscribers:

  • Develop business strategies by understanding the trends and developments that are driving the Indian lubricant market
  • Understand market trends, regulations, and quality evolution in the Indian lubricants market
  • Understand economic and other market drivers and the impact on demand outlook
  • Design and develop products and marketing strategies for key end-use industries by assessing unmet needs and barriers to entry
  • Identify end-use markets and applications with high potential for growth and the challenges and barriers for catering these opportunities
  • Understand the competitive landscape
  • Evaluate key market opportunities and challenges

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