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India Industrial Lubricant Market, By Lubricant Type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, and Others), By Application (Machining, Hydraulics, Gear, Bearing, Turbine, Air Compressor and Others), By Packaging Size (Less than and equal to 2 liters, 5 Liters, 10 Liters, 20 Liters, Barrel), By End Use (Construction & Mining, Automotive & Auto Components, Marine & Shipping, Machine Tools & Machinery and Others), By Sales Channel (Direct, Distributors, and Traders & Retailers), By Region, Competition, Forecast & Opportunities, FY2013 – FY2027

December 2020 | 92 pages | ID: I02F15F6595EN
TechSci Research

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India industrial lubricant market stood at USD 1.54 billion in FY2019 and is projected to grow to USD 1.91 billion by FY2027, on the back of strong growth in construction & mining sectors across the country. Industrial lubricants find application in variety of end user industries therefore, an extensive list of lubricants is available that include hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids and bearing oil. Among these, the hydraulic lubricants and machine lubricants dominate the market in FY2019 due to high demand in industrial and mining applications.

Textile industry generates comprehensive demand for industrials, which are being used to improve the performance of bearings, conveyor chains, rotary couplings of spinning, knitting and weaving machines. Moreover, textile industry is growing at a rapid pace, with new textile manufacturers entering into the market, thereby positively influencing the country’s industrial lubricant market in coming years. Also, there is continuously increasing demand for metal working fluids from industries involved in automotive components manufacturing where different machining operations are performed such as drilling, milling, honing, lapping, grinding etc to manufacture components like cylinder head, cylinder block, cam shaft, crank shaft etc. Additionally, metal working fluids improve life of the machine tools to a great extent, thus, it is anticipated to fuel the demand for industrial lubricants in India during the forecast period.

Based on region, western region accounts for the significant share of the demand of the Industrial Lubricants because West India specifically Gujarat and Maharashtra have higher real estate investments and highest growth in Entrepreneurs’ Memorandum (EM) by micro, small and medium enterprises (MSMEs).

Some of the major players operating in India industrial lubricant market are Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Shell India Markets Private Limited, Gulf Petrochem Petroleums Limited, ExxonMobil Lubricants Pvt Ltd, Castrol India Limited, Gulf Oil Lubricants India Limited, Tide Water Oil Co. (India) Ltd, Total Oil India Private Limited, etc.

Years Considered for this Report:
  • Historical Years: FY2013 – FY2019
  • Base Year: FY2020
  • Estimated Year: FY2021
  • Forecast Period: FY2021 – FY2027
Objective of the Study:
  • The primary objective of the study was to evaluate and forecast India industrial lubricant market.
  • To categorize India industrial lubricant market based on lubricant type, application, sales channel, end use and region.
  • To segment and forecast India industrial lubricant market in terms of lubricant type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, Compressor Oil, Bearing Oil and Others).
  • To segment and forecast India industrial lubricant market in terms of application (Machining, Hydraulics, Gear, Bearing, Air Compressor, Turbine and Others).
  • To segment and forecast India industrial lubricant market in terms of sales channel (Direct, Distributors, and Traders & Retailers).
  • To segment and forecast India industrial lubricant market in terms of end use (Construction & Mining, Automotive & Auto Component, Machine Tools & Machinery, Power and Oil & Gas, Iron & Steel, Marine & Shipping, Chemical and Others).
  • To segment and forecast India industrial lubricant market in terms of region (North, South, East and West).
  • To understand major policies and regulations which can positively or negatively impact India industrial lubricant market.
  • To identify major drivers, challenges and trends in India industrial lubricant market.
  • To identify major suppliers and distributors of industrial lubricant in Indian market.
  • To perform pricing analysis of industrial lubricant in India.
  • To identify and profile major companies operating in India industrial lubricant market.
To extract the data for India industrial lubricant market, primary research surveys were conducted with industrial lubricant manufacturers, suppliers, distributors, dealers and end users. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for India industrial lubricant market over the coming years.

TechSci Research calculated India industrial lubricant market size using a bottom-up approach, wherein manufacturers’ value sales data for different industrial lubricant types (metal working fluid, industrial engine oil, hydraulic oil, greases, gear oil, compressor oil, bearing oils and others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, company annual reports, industry magazines, industry reports, SIAM, credible paid databases, proprietary database, Ministry of Road Transport & Fertilizers, Ministry of Chemicals & Fertilizers, etc., were also studied by TechSci Research.

Key Target Audience:
  • Industrial lubricant manufacturers, distributors and other stakeholders
  • Major end users of Industrial lubricants
  • Organizations, forums and alliances related to lubricants market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as industrial lubricant manufacturers, customers and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, India industrial lubricant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, by Type:
    • Metal Working Fluid
    • Industrial Engine Oil
    • Hydraulic Oil
    • Grease
    • Gear Oil
    • Compressor Oil
    • Bearing Oil
    • Others
  • Market, by Packaging Size:
    • Less than and equal to 2 liters
    • 5 Liters
    • 10 Liters
    • 20 Liters
    • Barrel (200 Liters and above)
  • Market, by Application:
    • Machining
    • Hydraulics
    • Gear
    • Bearing
    • Air Compressor
    • Turbine
    • Others
  • Market, by Sales Channel:
    • Direct
    • Distributors
    • Traders & Retailers
  • Market, by End Use:
    • Construction & Mining
    • Automotive & Auto Component
    • Machine Tools & Machinery
    • Power and Oil & Gas
    • Iron & Steel
    • Marine & Shipping
    • Chemical
    • Others
  • Market, by Region:
    • West
    • South
    • North
    • East
Competitive Landscape

Company Benchmarking: Benchmarking of leading players on the basis of industrial lubricant type provided by them.

Company Profiles: Detailed analysis of major companies operating in India industrial lubricant market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. Following customization options are available for the report:

Channel Partner Analysis
  • Detailed list of distributors and dealers across all the regions.
Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Customer Profiling
  • List of major customers
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision

5. INDIA INDUSTRIAL LUBRICANT MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
  5.1.2. By Volume
5.2. Market Share & Forecast
  5.2.1. By Lubricant Type (Metal Working Fluid, Industrial Engine Oil, Hydraulic Oil, Grease, Gear Oil, Compressor Oil, Bearing Oil and Others)
  5.2.2. By Application (Machining, Hydraulics, Gear, Bearing, Turbine, Air Compressor and Others)
  5.2.3. By Packaging Size (Less than and equal to 2 liters, 5 Liters, 10 Liters, 20 Liters, Barrel (200 Liters and above))
  5.2.4. By End Use (Power and Oil & Gas, Construction & Mining, Automotive & Auto Components, Iron & Steel, Chemical, Marine & Shipping, Machine Tools & Machinery and Others)
  5.2.5. By Sales Channel (Direct, Distributors, and Traders & Retailers)
  5.2.6. By Region
  5.2.7. By Company (Top 5 Company Shares)

6. INDIA HYDRAULIC OIL MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
  6.1.2. By Volume
6.2. Market Share & Forecast
  6.2.1. By Packaging Size
  6.2.2. By End Use
  6.2.3. By Sales Channel

7. INDIA METAL WORKING FLUID MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
  7.1.2. By Volume
7.2. Market Share & Forecast
  7.2.1. By Packaging Size
  7.2.2. By End Use
  7.2.3. By Sales Channel

8. INDIA GREASE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
  8.1.2. By Volume
8.2. Market Share & Forecast
  8.2.1. By Packaging Size
  8.2.2. By End Use
  8.2.3. By Sales Channel

9. INDIA GEAR OIL MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
  9.1.2. By Volume
9.2. Market Share & Forecast
  9.2.1. By Packaging Size
  9.2.2. By End Use
  9.2.3. By Sales Channel

10. INDIA INDUSTRIAL ENGINE OIL MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
  10.1.2. By Volume
10.2. Market Share & Forecast
  10.2.1. By Packaging Size
  10.2.2. By End Use
  10.2.3. By Sales Channel

11. INDIA COMPRESSOR OIL MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
  11.1.2. By Volume
11.2. Market Share & Forecast
  11.2.1. By Packaging Size
  11.2.2. By End Use
  11.2.3. By Sales Channel

12. INDIA BEARING OIL MARKET OUTLOOK

12.1. Market Size & Forecast
  12.1.1. By Value
  12.1.2. By Volume
12.2. Market Share & Forecast
  12.2.1. By Packaging Size
  12.2.2. By End Use
  12.2.3. By Sales Channel

13. MARKET DYNAMICS

13.1. Drivers
13.2. Challenges
13.3. Impact Analysis

14. MARKET TRENDS & DEVELOPMENTS

15. POLICY & REGULATORY LANDSCAPE

16. INDIA ECONOMIC PROFILE

17. COMPETITIVE LANDSCAPE

17.1. Competitive Benchmarking
17.2. Company Profiles
  17.2.1. Indian Oil Corporation Limited
  17.2.2. Bharat Petroleum Corporation Limited
  17.2.3. Castrol India Limited
  17.2.4. Hindustan Corporation Limited
  17.2.5. Tide Water Oil Co. (India) Ltd
  17.2.6. Shell India Market Pvt. Limited
  17.2.7. Gulf Petrochem Petroleums Limited
  17.2.8. ExxonMobil Lubricants Pvt. Limited
  17.2.9. Gulf Oil Lubricants India Limited
  17.2.10. Total Oil India Pvt. Limited

18. STRATEGIC RECOMMENDATIONS

19. ABOUT US & DISCLAIMER


LIST OF TABLES

Table 1: India Industrial Lubricant Forecasting Model
Table 2: Partial List of India Lubricant Investment Projects, By Completion Year
Table 3: West India Installed Power Generation Capacity, By State, FYFY2020 (MW)
Table 4: NLGI Consistency numbers
Table 5: India Thermal Power Plant Projects

LIST OF FIGURES

Figure 1: India Industrial Automotive Market Size, By Value (USD Billion) & By Volume (Million Liters), FY2013–FY2027F
Figure 2: India Industrial Lubricant Market Share, By Type, By Volume, FY2013– FY2027F
Figure 3: India Industrial Lubricant Market Share, By Application, By Volume, FY2013 – FY2027F
Figure 4: India Industrial Lubricant Market Share, By Packaging Size, By Volume, FY2013 – FY2027F
Figure 5: India Industrial Lubricant Market Share, By End Use, By Volume, FY2013 –FY2027F
Figure 6: India Industrial Lubricant Market Share, By Sales Channel, By Volume, FY2013 – FY2027F
Figure 7: India Industrial Lubricant Market Share, By Region, By Volume, FY2020 & FY2027F
Figure 8: India Industrial Lubricant Market Share, By Company, By Volume, FY2020
Figure 9: India Hydraulic Oil Market Size, By Value (INR Billion) & By Volume (Million Liters),
FY2013 – FY2027F
Figure 10: India Hydraulic Oil Market Share, By Packaging Size, By Volume, FY2013 – FY2027F
Figure 11: India Hydraulic Oil Market Share, By End Use, By Volume, FY2013–FY2027F
Figure 12: India Hydraulic Oil Market Share, By Sales Channel, By Volume, FY2013 – FY2027F Figure 13: India Metal Working Fluid Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013–FY2027F
Figure 14: India Metal Working Fluid Market Share, By Packaging Size, By Volume, FY2013 – FY2027F
Figure 15: India Metal Working Fluid Market Share, By End Use, By Volume FY2013 – FY2027F Figure 16: India Metal Working Fluid Market Share, By Sales Channel, By Volume, FY2013 – FY2027F
Figure 17: India Industrial Engine Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013 – FY2027F
Figure 18: India Industrial Engine Oil Market Share, By Packaging Size, By Volume, FY2013 – FY2027F
Figure 19: India Industrial Engine Oil Market Share, By End Use, By Volume, FY2013 – FY2027F Figure 20: India Industrial Engine Oil Market Share, By Sales Channel, By Volume, FY2013 – FY2027F
Figure 21: India Greases Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013– FY2027F
Figure 22: India Greases Market Share, By Packaging Size, By Volume, FY2013 – FY2027F
Figure 23: India Greases Market Share, By End Use, By Volume, FY2013– FY2027F
Figure 24: India Greases Market Share, By Sales Channel, By Volume, FY2013– FY2027F
Figure 25: India Gear Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013– FY2027F
Figure 26: India Gear Oil Market Share, By Packaging Size, By Volume, FY2013– FY2027F
Figure 27: India Gear Oil Market Share, By End Use, By Volume, FY2013 – FY2027F
Figure 28: India Gear Oil Market Share, By Sales Channel, By Volume, FY2013 – FY2027F
Figure 29: India Compressor Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013–FY2027F
Figure 30: India Compressor Oil Market Share, By Packaging Size, By Volume, FY2013– FY2027F
Figure 31: India Compressor Oil Market Share, By End Use, By Volume, FY2013– FY2027F
Figure 32: India Compressor Oil Market Share, By Sales Channel, By Volume, FY2013–FY2027F
Figure 33: India Bearing Oil Market Size, By Value (INR Billion) & By Volume (Million Liters), FY2013 – FY2027F
Figure 34: India Bearing Oil Market Share, By Packaging Size, By Volume, FY2013 – FY2027F Figure 35: India Bearing Oil Market Share, By End Use, By Volume, FY2013 – FY2027F
Figure 36: India Bearing Oil Market Share, By Sales Channel, By Volume, FY2013 – FY2027F


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