“Rapid
Industrialization and emergence of bio based lubricants has led to rising
Domestic Consumption of Industrial Lubricants in India.”
Synthetic
and Semi-synthetic Lubricants are majorly used in the industrial sector for the
efficient functioning as well as smooth working of machines. Both the lube types are growing in
popularity owing to their wide capability of improving industrial equipment’s
productivity. These are widely available in liquid, semi-fluid and solid state
and further possess various characteristics such as high Viscosity Index (VI),
high level of thermal stability, low freezing point, high boiling point and others,
thus collectively helping to reduce friction between surfaces of machinery
parts and the rate of wear and tear. The base oil used to manufacture synthetic
lubricants is highly refined and the additives added are of high quality thus,
making synthetic lubricants the most preferred type of lubricant type.
Major end
users
such as construction, manufacturing and power generation utilize machineries
that operate in extreme environments and have thermal and heat resistance
properties. Synthetic lubricants are tailor made / customized lubricants which
are designed as per specific customer requirements and hence conclude a more
tractable option for industrial lubricant end users. Consumer awareness
regarding usage of lubricants has improved which led to an increase in demand
for HPPs (High Performance Products) i.e. synthetic and semi-synthetic
lubricants which help the machine in performing under extreme stress
conditions.
In terms of
environmental impact,
majority of lube manufacturers in India will shift their focus towards
producing bio-based lubricants which are eco-friendly and made from natural
alternatives. Emphasis on bio-based product development in India has changed
the way in which companies are investing in lubricant R&D. Major oil
companies such as Total, Shell, BP and others are actively investing in lube
R&D activities.
Emergence of
Bio Based Lubricants:
Eco-friendly industrial lubricants in India can be used as an alternative to
minimize the country’s environmental pollution for instance; bio-based lubes
(organic lubricants) extracted from vegetable oils have shown superior quality
lube properties (grade & viscosity) over the conventional mineral lubes
with renewability and biodegradability as their differentiating factors.
Several tons of lubricants are washed off into the water streams majorly due to
leakages and inefficient disposal system, thereby leading to health related
issues. Although bio-based lubricants in India comprise only of a small
fraction of the total industrial lubricants volume, the growing awareness about
environmental protection and awareness among formulators and end-users (large
and MSMEs) are projected to increase demand for bio-based counterparts in the
near future
Analysts at Ken Research in their latest
publication “India
Industrial Lubricants Market Outlook to 2023 – Expected Tailwinds from
Construction, Automotive and Tire Manufacturing along with Surging Penetration
from International Companies”
believe that developing industrial lubricants for construction and
mining based applications, improving sales and promotion/advertising of
lubricants, introducing facilities for refining of used oil, recycling and
effective disposal of lubricants, focusing towards improving logistics
infrastructure and by investing in R&D will aid the industrial lubricants
market in India. The market is expected to register positive CAGR of 5.0% in
terms of revenue and 4.6% in terms of sales volume during the forecasted period
FY’2018-FY’2023E.
The report is useful for 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.
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
Volatility in Crude Oil Prices
Industrial Lubricants Market Segmentation
Semi Synthetic and Synthetic Lubricants
Type of Lubricants India
Hydraulic Oil in India
Industrial Greases in India
Industrial Gear Oil in India
Turbine Oil in India
Compressor Oil in India
Specialized Oils in India
Market Segmentation by Packaging
National Oil Companies in India
Market Share of Major Players
Synthetic Lubricants India
Plastic Injection-Molding Machine Lubricants
Metal Working Fluids India
Neat Cutting Oil India
Recycling of Lubricants in India
Industrial Lubricants Market Future
For more information on the research
report, refer to below link:
Related
Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249