India Grinding Fluids Market Size & Outlook, 2022-2030
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India grinding fluids market highlights
- The India grinding fluids market generated a revenue of USD 43.6 million in 2022 and is expected to reach USD 60.5 million by 2030.
- The India market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating type in 2022.
- Water Soluble is the most lucrative type segment registering the fastest growth during the forecast period.
Grinding fluids market data book summary
| Market revenue in 2022 | USD 43.6 million |
| Market revenue in 2030 | USD 60.5 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Water Soluble |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Semi Synthetic, Synthetic, Water Soluble, Other Types |
| Key market players worldwide | Benz Oil, Carborundum Universal, BP Castrol KK, CGF Solutions, EnviroServe Chemicals, ETNA Products Inc, ExxonMobil, Fuchs SE ADR (Representing Pref. Shares), Lincoln Chemical, Sun Chemical, TotalEnergies SE |
Other key industry trends
- In terms of revenue, India accounted for 6.6% of the global grinding fluids market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China grinding fluids market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 184.9 million by 2030.
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Grinding Fluids Market Scope
Grinding Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lincoln Chemical | View profile | 11-50 | Elkhart, Indiana, United States, North America | https://www.lincolnchemical.com/ |
| ETNA Products Inc | View profile | 11-50 | Chagrin Falls, Ohio, United States, North America | https://etna.com |
| EnviroServe Chemicals | View profile | 11-50 | Dunn, North Carolina, United States, North America | https://www.enviroservechemicals.com |
| CGF Solutions | View profile | - | Parsons, Kansas, United States, North America | https://cgf.solutions/ |
| Benz Oil | View profile | 251-500 | Milwaukee, Wisconsin, United States, North America | https://www.benz.com/ |
| Carborundum Universal | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://www.cumi-murugappa.com/ |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Sun Chemical | View profile | 5001-10000 | Parsippany, New Jersey, United States, North America | http://sunchemical.com |
| BP Castrol KK | View profile | 107 | 1-11-2 Osaki Shinagawa-ku, Gate City Osaki, East Tower 20F, Tokyo, Japan, 141-0032 | http://www.bpcastrol.com |
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
India grinding fluids 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 grinding fluids market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 37.39% in 2022. Horizon Databook has segmented the India grinding fluids market based on semi synthetic, synthetic, water soluble, other types covering the revenue growth of each sub-segment from 2018 to 2030.
India has become one of the fastest-growing economies in the world as per the IBEF (India Brand Equity Foundation). Growing industrialization and augmenting automobile production are key factors anticipated to fuel the demand for grinding fluids in the country.
Moreover, increasing investments in power and agriculture sectors, on account of a 100% foreign direct investment permit, are bound to boost the growth of the grinding fluids market in the coming years.
As per IBEF, the country is emerging as a global hub for auto components as it exports around 25% of its annual production of auto components.
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Target buyers of India grinding fluids market databook
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Our clientele includes a mix of grinding fluids 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 grinding fluids market , including forecasts for subscribers. This country databook contains high-level insights into India grinding fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India grinding fluids market size, by type, 2018-2030 (US$M)
India Grinding Fluids Market Outlook Share, 2022 & 2030 (US$M)
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