India Greases Market Size & Outlook, 2023-2030
India greases market, 2018-2030 (US$M)
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India greases market highlights
- The India greases market generated a revenue of USD 726.4 million in 2023 and is expected to reach USD 990.5 million by 2030.
- The India market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
Greases market data book summary
| Market revenue in 2023 | USD 726.4 million |
| Market revenue in 2030 | USD 990.5 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, India accounted for 12.4% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China greases market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 990.5 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
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India greases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 66.22% in 2023. Horizon Databook has segmented the India greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
According to India Brand Equity Foundation, India is one of the prominent automotive manufacturers globally with a total production of three-wheelers, passenger vehicles, quadricycles, and two-wheelers accounting for 38,59,030 units in 2023.
Automotive sector of the country received a cumulative equity FDI inflow of around USD 33.77 billion between April 2000 and September 2022. This positive outlook for automotive industry in the country is likely to propel product demand in the coming years.
India is one of the prominent markets for agriculture as food grain production reached a record high of 314.51 million tons (Mt) in 2022, as per India Brand Equity Foundation. After 2010, agricultural mechanization and post-harvest processing entered a new era of technology known as precision agriculture and post-harvest processing.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India greases market, including forecasts for subscribers. This country databook contains high-level insights into India greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India greases market size, by form, 2018-2030 (US$M)
India Greases Market Share, 2023 & 2030 (US$M)
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