India Lubricants Market Size & Outlook, 2023-2030

The lubricants market in India is expected to reach a projected revenue of US$ 9,483.0 million by 2030. A compound annual growth rate of 5.1% is expected of India lubricants market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,687.5
Forecast, 2030 (US$M)
$9,483.0
CAGR, 2024 - 2030
5.1%
Report Coverage
India

India lubricants market highlights

  • The India lubricants market generated a revenue of USD 6,687.5 million in 2023 and is expected to reach USD 9,483.0 million by 2030.
  • The India market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
  • In terms of segment, automotive was the largest revenue generating product in 2023.
  • Aerospace is the most lucrative product segment registering the fastest growth during the forecast period.

Lubricants market data book summary

Market revenue in 2023USD 6,687.5 million
Market revenue in 2030USD 9,483.0 million
Growth rate5.1% (CAGR from 2023 to 2030)
Largest segmentAutomotive
Fastest growing segmentAerospace
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndustrial, Automotive, Marine, Aerospace
Key market players worldwideExxonMobil, KLM Royal Dutch Airlines, BP PLC, TotalEnergies SE, Chevron Corp, Fuchs SE ADR (Representing Pref. Shares), AMSOIL, Philips, Valvoline Inc, PetroChina Co Ltd Class H, China Petrochemical Development, Idemitsu Kosan Co Ltd, LUKOIL, Petronas Chemicals Group Bhd, Petrofer Chemie H. R. Fischer, Zeller + Gmelin GmbH & Co KG, Blaser Swisslube

Other key industry trends

  • In terms of revenue, India accounted for 4.8% of the global lubricants market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China lubricants 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 9,483.0 million by 2030.

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Lubricants Market Companies

Name Profile # Employees HQ Website

India lubricants 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 lubricants market will help companies and investors design strategic landscapes.


Automotive was the largest segment with a revenue share of 55.6% in 2023. Horizon Databook has segmented the India lubricants market based on industrial, automotive, marine, aerospace covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of lubricants market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 lubricants market , including forecasts for subscribers. This country databook contains high-level insights into India lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India lubricants market size, by product, 2018-2030 (US$M)

India Lubricants Market Outlook Share, 2023 & 2030 (US$M)

India lubricants market size, by product, 2018-2030 (US$M)

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