The report titled “India
Industrial Lubricants Market Outlook to 2023 – Expected Tailwinds from
Construction, Automotive and Tire Manufacturing along with Surging Penetration
from International Companies” provides information on overview of the
industrial lubricants market in India, market size by revenue and by sales
volume, segmentation by origin (mineral, semi-synthetic and synthetic
lubricants), by type of industrial lubricants (hydraulic oil, metal working
fluids, industrial gear oils, turbine oils, compressor oils, industrial greases
and others), by industrial end use (construction, mining and off-highway
equipment; iron and non-iron production; general manufacturing, textile and
chemicals; engineering equipment, automotive sector, power generation, cement
and others), by type of distribution channel (direct sales and dealer
network),by regional sales (north, south, east and west) and by basis of packaging
(barrels, drums and tanker load; and smaller packs). The report also covers
competition landscape, trends and developments, issues and challenges, end user
analysis and government regulations pertaining to lubricants segment in India.
The report concludes with future outlook of industrial lubricants in India and
certain recommendations highlighting the success factors for entering and
expanding in the market. The report is useful for industrial lubricant
importers and manufacturers along with end users including plastic
manufacturers, metal working companies, auto and auto component manufacturers,
construction companies, textile, cement, mining, paper and pulp manufacturers,
power generation companies, steel manufacturers and food & beverage companies.
India
Industrial Lubricants Market Size and Overview
The industrial lubricants market in India has
reached its maturity stage, therefore meeting demand expectations of every end
user industry (construction and mining, metal production, power generation,
general manufacturing, food processing, pharmaceuticals and cosmetics) majorly
by importing base oil from foreign countries and by domestically producing
lubricants within India. Over the review period, India industrial lubricants
market observed a healthy growth both in terms of revenues as well as
consumption volume. Rising concerns from major industries regarding the
maintenance of machineries in order to provide a better quality output has
escalated the demand for synthetic and semi-synthetic lubricants in the
country. After facing an economic slowdown during the period FY’2016-2017 owing
to temporary disruptions caused by demonetization & GST implementation; the
market recovered in the FY’2018 with uniform cash flows, easy taxation as well
as further growth in India’s manufacturing industry.
Market
Segmentation
By Origin
(Mineral, Semi-Synthetic and Synthetic Lubricants)
Mineral oil based lubricants were witnessed to
dominate India industrial lubes market during FY’2018. These types of
lubricants have been gaining traction in India majorly due to its economical
price over semi-synthetic and synthetic types which are costlier as they
require highly refined base oil and high quality additives that add to cost of
production of these lubricants. The remaining market was collectively captured
by synthetic and semi-synthetic lubricants.
By Type of
Industrial Lubricants (Hydraulic Oil, Metal Working Fluids, Industrial Gear
Oils, Turbine Oils, Compressor Oils, Industrial Greases and Others)
Hydraulic oils established itself as market
leader in the India industrial lubricants market owing to their greater index
of viscosity, higher bulk modulus, hydrolytic stability, resistance to wear and
demulsification. Other lubricant types including metal working fluids, industrial
gear oils, turbine oils, compressor oils, industrial greases and others
captured the remaining market in the FY’2018.
By
Industrial End Use (Construction, mining and off-highway equipment; iron and
non-iron production; general manufacturing, textile & chemicals;
engineering equipment, automotive sector, power generation, cement and others)
The usage of industrial lubricants in India
was observed to be high in construction, mining and off-highway equipment
sector. As India’s construction and mining sector are catching up fast with its
global counter-parts in terms of technological advancements, the demand for
hydraulic oil has shifted from not just being volume driven but more of value
based. The remaining market was captured by industrial end users such as iron
and non-iron production, general manufacturing, textile and chemicals;
engineering equipment, automotive sector, power generation, cement and others
respectively during FY’2018.
By Type of
Distribution Channel (Direct Sales and Dealer Network)
Direct sales were majorly used by PSU OMCs and
international private players in India. Companies prefer selling lubricants
directly to customers than via dealers as payments are highly irregular from
dealer network.
By Regional
Sales (North, South, East and West)
The northern and southern regions in India
were witnessed to dominate the country’s industrial lubes market in FY’2018. In
accordance with the Department of Industrial Policy and Promotion (DIPP), the
Indian government has been mapping out industrial parks and coastal and SEZs
and has revealed a total of 1,850 such projects owned by the centre and other
states collectively. On the other hand, west and east side states grabbed the
remaining market during FY’2018.
By Basis of
Packaging (Barrels, Drums and Tanker load; and Smaller Packs)
Barrels, drums and tanker load were witnessed
to dominate the lube packaging in India industrial lubricants market in the
FY’2018. They have a holding capacity of 200 or 210 litres. Smaller packs with
a holding capacity of 20 or 26 litres captured the remaining market in the
FY’2018.
Competitive
Landscape in India Industrial Lubricants Market
Competition stage in the country’s industrial
lubes segment was witnessed to be moderately concentrated along with presence
of major PSU OMCs which captured over half of the domestic consumption of
industrial lubricants in India during FY’2018. Post liberalization, India
industrial lubes market witnessed emergence of various international as well as
domestic players owing to high growth potential of industrial lubricants in the
country. Some of the major players operating within this segment include IOCL,
HPCL, BPCL, Shell, Gandhar Lubes, Exxon Mobil, Gulf petrochem (IPOL), Apar
Industries and others. Pricing, brand value as well as marketing strategies
adopted by a particular company are considered as of high importance in order
to reach a wider target audience in the country.
India
Industrial Lubricants Market Future Outlook and Projections
India industrial lubricants market will prepare
itself to meet the future demand anticipated to emerge from the substantial
investment proposed in key lubricating segments such as synthetic &
semi-synthetic lubricants and bio-based lubricants along with emerging new
industrial uses. The “Make-in-India” initiative launched by the Indian
government with the primary goal of making India a global manufacturing hub, by
encouraging both multi-national and domestic companies to manufacture their
products within the country will drive forecasted revenues and sales volume in
the next 5 fiscal years.
India has been emerging as one of the leading
producers of key industrial ores and minerals. With more equipment being put
into action, the higher will be the demand for industrial lubricants for
efficient and productive operation of mining equipment as they are used under
extreme temperature/pressure conditions which would require regular
lubrication.
Key Segments
Covered:
By Origin
Mineral based Lubricants
Semi-Synthetic Lubricants
Synthetic Lubricants
By Type of
Industrial Lubricants
Hydraulic Oil
Metal Working Fluids
Industrial Gear Oils
Turbine Oils
Compressor Oils
Industrial Greases
Others (Synthetic gear lubricants, synthetic
EP gear lubricants, synthetic polyglycol gear lubricants, compound gear
lubricants, and food grade gear lubricants)
By
Industrial End Use
Construction, mining and off-highway equipment
Iron and non-iron production
General manufacturing, textile & chemicals
Engineering equipment
Automotive sector
Power generation
Cement
Others (plastic, paper and pulp and steel)
By Type of
Distribution Channel
Direct Sales
Dealer Network
By Regional
Sales
North
South
East
West
By Basis of
Packaging
Barrels, Drums and Tanker load
Smaller Packs
Key Target
Audience:
Plastic Manufacturers
Metal Working Companies
Auto and Auto Component Manufacturers
Construction Companies
Textile Companies
Cement Companies
Mining Companies
Paper and Pulp Manufacturers
Power Generation Companies
Steel Manufacturers
Food & Beverage Companies
Time Period
Captured in the Report:
Historical
Period
– FY’2013-FY’2018
Forecast
Period
– FY’2018-FY2023E
(FY refers to fiscal year ending 31st March of
every year; E refers to Estimated Numbers)
Companies
Covered:
Indian Oil Corporation Limited
Hindustan Petroleum Corporation Limited
Bharat Petroleum Corporation Limited
Shell India
Gandhar Lubes
Exxon Mobil
Raj Lubricants
Gulf Petrochem (IPOL)
Apar Industries
Balmer and Lawrie
Castrol
Total (Company)
Savita Oil
Valvoline cumins
GS Caltex
Gulf Oil Lubricants
Veedol Lubricants (Tide Water Oil)
Others (Universal Halwasiya Group – UHG,
Chemoleum, Fuch, Kluber, Starol and remaining local manufacturers)
Key Topics
Covered in the Report
Executive Summary
Research Methodology
India Industrial Lubricants Market Overview
and Genesis
India Industrial Lubricants Market Ecosystem
Value Chain Analysis in India Industrial
Lubricants Market
India Industrial Lubricants Market Size,
FY’2013-FY’2018
India Industrial Lubricants Market
Segmentation, FY’2018
Regulatory Landscape in India Industrial
Lubricants Market
Trends and Developments in India Industrial
Lubricants Market
Issues and Challenges in India Industrial Lubricants
Market
End User Analysis in India Industrial
Lubricants Market
Competitive Landscape in India Industrial
Lubricants Market
India Industrial Lubricants Market Future
Outlook and Projections, FY’2018-FY’2023E
Analyst Recommendation in India Industrial
Lubricants Market
For more information on the research
report, refer to below link:
Related
Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
