India Synthetic Lubricants Market Size & Insights
According to MarkNtel Advisors study The future of India Synthetic Lubricants Market size is valued at around USD 305.71 million in 2025 and is projected to reach USD 550.51 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.30% during the forecast period, i.e., 2025-30.
What are the Key Driver in the India Synthetic Lubricants Market?
Growing Number of Vehicles – The market growth is driven by the rising number of vehicles in the country, which is increasing the demand for synthetic lubricants. For instance, in 2024, there are about 370 million vehicles registered in the country, creating a huge demand for lubricants. This is leading to frequent maintenance of these vehicles, including frequent oil refills for their smooth running.
Additionally, many people use mineral oils or semi-synthetic oils, which require more frequent oil replacement, thus increasing the market demand. For instance, the two-wheelers require oil changes after every 1,000 to 2,000 km, which increases the engine usage and lubricant consumption. Consequently, the country has increased its production capacity for lubricant manufacturing. For instance, India produces more than 1,30,000 tons of lubricants per year.
What are the Key Segments in the India Synthetic Lubricants Market?
The India Synthetic Lubricants is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Product Type
- Polyalphaolefin (PAO)- Market Size & Forecast 2020-2030, USD Million
- Esters- Market Size & Forecast 2020-2030, USD Million
- Polyalkylene Glycol (PAG)- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- OEM Outlets- Market Size & Forecast 2020-2030, USD Million
- Independent Workshops- Market Size & Forecast 2020-2030, USD Million
- Online Retail- Market Size & Forecast 2020-2030, USD Million
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million
- Supermarket & Hypermarkets- Market Size & Forecast 2020-2030, USD Million
- By End User
- Automotive- Market Size & Forecast 2020-2030, USD Million
- Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
- Two-Wheelers- Market Size & Forecast 2020-2030, USD Million
- Aviation- Market Size & Forecast 2020-2030, USD Million
- Industrial- Market Size & Forecast 2020-2030, USD Million
- Marine- Market Size & Forecast 2020-2030, USD Million
- Automotive- Market Size & Forecast 2020-2030, USD Million
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How does geographical analysis highlight in the India Synthetic Lubricants market?
- By Regions
-
- North
- South
- East
- West
Who are the Key Players in India Synthetic Lubricants Market?
- Indian Oil Corporation Ltd. (Servo)
- Bharat Petroleum Corporation Ltd. (BPCL)
- Hindustan Petroleum Corporation Ltd. (HPCL)
- Castrol India Ltd. (BP)
- Shell PLC
- Gulf Oil Lubricants India Ltd.
- Veedol Corporation Ltd. (Tide Water Oil)
- Exxon Mobil Corporation
- Fuchs Lubricants Pvt. Ltd.
- TotalEnergies
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India Synthetic Lubricants Market News
2024: Bharat Petroleum Corporation Ltd. secured a 12-month tender deal to buy 1 million barrels of Abu Dhabi’s Murban crude oil from TotalEnergies and agreed on a 2.5 million tonnes liquefied natural gas import contract with Abu Dhabi National Oil Co.
2024: Indian Oil Corporation Ltd. (IOC) has partnered with the Federation Internationale de Motocyclisme (FIM) as the official fuel partner for the Asia Road Racing Championship (ARRC) 2024–2026. As part of this partnership, IOC developed a special fuel called STORM specifically for the championship. This collaboration helps racers get better engine performance and highlights Indian Oil’s advanced fuel technology on an international motorsport platform.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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