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NEW YORK , May 9, 2022 /PRNewswire/ -- The Lubricants Market Value in India is set to grow by 809.93 thousand tons, progressing at a CAGR of 5.58% from 2021 to 2026, as per the latest report by Technavio. The increasing demand from end-user industries is notably driving the market growth in India .
Moreover, the lubricants market in India is segmented by product (mineral oil-based lubricants, synthetic lubricants, and bio-based lubricants) and application (automotive oils, industrial oils, process oils, metalworking fluids, and greases).
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Some of the Key Topics Covered in the Report Include:
The increasing demand from end-user industries is one of the key drivers supporting the lubricants market growth in India. In the construction industry, lubricants are used in construction equipment owing to their anti-wear characteristics, resistance to corrosion, and others. Hydraulic fluids made from lubricants are used in earthmoving equipment such as crawler excavators, mini excavators, and others because of their excellent energy transmission capacity. Additionally, they are also used to increase the drain/re-greasing intervals of the equipment, lubrication efficiency, and the wear resistance of friction pairs, as well as to enhance the lifespan of the equipment. They are used as hydraulic fluids, compressor oils, and others in the steel industry for various applications. Equipment such as blast furnaces, continuous castings, and others require lubricants to reduce downtime and increase operational efficiency. Such factors will drive market growth during the forecast period.
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The lubricants market share growth in India by the mineral oil-based lubricants segment will be significant during the forecast period. The high demand for mineral oil-based lubricants can be attributed to their low cost and easy accessibility. Mineral oil-based lubricants are derived from naturally occurring petroleum or crude oil by distillation, solvent extraction, and cracking. One of the main advantages of using mineral oil-based lubricants is that they are manufactured on a large scale during petroleum refining and, therefore, cost much lesser than synthetic and bio-based lubricants. Such factors are expected to drive the segment's growth during the forecast period.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The lubricants market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Ricinoleic Acid Market by End-user and Geography - Forecast and Analysis 2022-2026: The ricinoleic acid market share is expected to increase by USD 90.64 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.52%. To get more exclusive research insights: Download Our Sample Report
Lubricants Market in India Scope
Accelerate at a CAGR of 5.58%
Leading companies, competitive strategies, consumer engagement scope
Bharat Petroleum Corp. Ltd., BP Plc, Exxon Mobil Corp., Gulf Oil Lubricants India Ltd., Indian Oil Corp. Ltd., Oil and Natural Gas Corp. Ltd., Royal Dutch Shell Plc, Tide Water Oil Co. Ltd., TOTAL SE, and Valvoline Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 08: Value chain analysis: Specialty chemicals
Exhibit 09: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: India - Market size and forecast 2021 - 2026 (thousand tons)
Exhibit 12: India market: Year-over-year growth 2021 - 2026 (%)
Exhibit 13: Five forces analysis 2021 & 2026
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 19: Market condition - Five forces 2021
Exhibit 20: Product - Market share 2021-2026 (%)
5.3 Mineral oil-based lubricants - Market size and forecast 2021-2026
Exhibit 22: Mineral oil-based lubricants - Market size and forecast 2021-2026 (thousand tons)
Exhibit 23: Mineral oil-based lubricants - Year-over-year growth 2021-2026 (%)
5.4 Synthetic lubricants - Market size and forecast 2021-2026
Exhibit 24: Synthetic lubricants - Market size and forecast 2021-2026 (thousand tons)
Exhibit 25: Synthetic lubricants - Year-over-year growth 2021-2026 (%)
5.5 Bio-based lubricants - Market size and forecast 2021-2026
Exhibit 26: Bio-based lubricants - Market size and forecast 2021-2026 (thousand tons)
Exhibit 27: Bio-based lubricants - Year-over-year growth 2021-2026 (%)
Exhibit 28: Market opportunity by Product
Exhibit 29: Application - Market share 2021-2026 (%)
6.3 Automotive oils - Market size and forecast 2021-2026
Exhibit 31: Automotive oils - Market size and forecast 2021-2026 (thousand tons)
Exhibit 32: Automotive oils - Year-over-year growth 2021-2026 (%)
6.4 Industrial oils - Market size and forecast 2021-2026
Exhibit 33: Industrial oils - Market size and forecast 2021-2026 (thousand tons)
Exhibit 34: Industrial oils - Year-over-year growth 2021-2026 (%)
6.5 Process oils - Market size and forecast 2021-2026
Exhibit 35: Process oils - Market size and forecast 2021-2026 (thousand tons)
Exhibit 36: Process oils - Year-over-year growth 2021-2026 (%)
6.6 Metalworking fluids - Market size and forecast 2021-2026
Exhibit 37: Metalworking fluids - Market size and forecast 2021-2026 (thousand tons)
Exhibit 38: Metalworking fluids - Year-over-year growth 2021-2026 (%)
6.7 Greases - Market size and forecast 2021-2026
Exhibit 39: Greases - Market size and forecast 2021-2026 (thousand tons)
Exhibit 40: Greases - Year-over-year growth 2021-2026 (%)
Exhibit 41: Market opportunity by Application
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
8.1.1 Increasing demand from end-user industries
8.1.2 Increasing need for reliable machinery and effective maintenance
8.1.3 Increased implementation of automatic lubrication systems
8.2.1 Fluctuations in crude oil prices
8.2.3 Increasing adoption of electric vehicles
Exhibit 43: Impact of drivers and challenges
8.3.1 Rising adoption of synthetic lubricants
8.3.2 Rising need for technological upgrades
8.3.3 Growing number of industry-specific products
Exhibit 48: Market positioning of vendors
Exhibit 49: Bharat Petroleum Corp. Ltd. - Overview
Exhibit 50: Bharat Petroleum Corp. Ltd. - Business segments
Exhibit 51: Bharat Petroleum Corp. Ltd. - Key offerings
Exhibit 52: Bharat Petroleum Corp. Ltd. - Segment focus
Exhibit 53: BP Plc - Overview
Exhibit 54: BP Plc - Business segments
Exhibit 55: BP Plc - Key news
Exhibit 56: BP Plc - Key offerings
Exhibit 57: BP Plc - Segment focus
Exhibit 58: Exxon Mobil Corp. - Overview
Exhibit 59: Exxon Mobil Corp. - Business segments
Exhibit 60: Exxon Mobil Corp. - Key news
Exhibit 61: Exxon Mobil Corp. - Key offerings
Exhibit 62: Exxon Mobil Corp. - Segment focus
10.6 Gulf Oil Lubricants India Ltd.
Exhibit 63: Gulf Oil Lubricants India Ltd. - Overview
Exhibit 64: Gulf Oil Lubricants India Ltd. - Business segments
Exhibit 65: Gulf Oil Lubricants India Ltd. - Key offerings
Exhibit 66: Gulf Oil Lubricants India Ltd. - Segment focus
Exhibit 67: Indian Oil Corp. Ltd. - Overview
Exhibit 68: Indian Oil Corp. Ltd. - Business segments
Exhibit 69: Indian Oil Corp. Ltd. - Key offerings
Exhibit 70: Indian Oil Corp. Ltd. - Segment focus
10.8 Oil and Natural Gas Corp. Ltd.
Exhibit 71: Oil and Natural Gas Corp. Ltd. - Overview
Exhibit 72: Oil and Natural Gas Corp. Ltd. - Business segments
Exhibit 73: Oil and Natural Gas Corp. Ltd. - Key offerings
Exhibit 74: Oil and Natural Gas Corp. Ltd. - Segment focus
Exhibit 75: Royal Dutch Shell Plc - Overview
Exhibit 76: Royal Dutch Shell Plc - Business segments
Exhibit 77: Royal Dutch Shell Plc - Key offerings
Exhibit 78: Royal Dutch Shell Plc - Segment focus
10.10 Tide Water Oil Co. Ltd.
Exhibit 79: Tide Water Oil Co. Ltd. - Overview
Exhibit 80: Tide Water Oil Co. Ltd. - Business segments
Exhibit 81: Tide Water Oil Co. Ltd. - Key offerings
Exhibit 82: Tide Water Oil Co. Ltd. - Segment focus
Exhibit 83: TOTAL SE - Overview
Exhibit 84: TOTAL SE - Business segments
Exhibit 85: TOTAL SE - Key news
Exhibit 86: TOTAL SE - Key offerings
Exhibit 87: TOTAL SE - Segment focus
Exhibit 88: Valvoline Inc. - Overview
Exhibit 89: Valvoline Inc. - Business segments
Exhibit 90: Valvoline Inc. - Key offerings
Exhibit 91: Valvoline Inc. - Segment focus
11.2 Currency conversion rates for US$
Exhibit 92: Currency conversion rates for US$
Exhibit 94: Validation techniques employed for market sizing
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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