Market Size of india lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 2.87 Billion Liters |
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Market Volume (2026) | 3.15 Billion Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 4.76 % |
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Fastest Growing by End User | Automotive |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Lubricants Market Analysis
The India Lubricants Market size is estimated at 2.87 Billion Liters in 2024, and is expected to reach 3.15 Billion Liters by 2026, growing at a CAGR of 4.76% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Due to the higher volume of engine & gear oil used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
- Fastest Segment by End-user Industry - Automotive : Automotive is likely to be the fastest-growing end-use segment of lubricants in India due to consumers' rising purchasing power resulting in increasing vehicle ownership.
- Largest Segment by Product Type - Engine Oils : Engine oil is the highest consumed product category in India owing to the enormous engine size of cars, motorcycles, trucks & buses and their high oil changing frequencies.
- Fastest Segment by Product Type - Engine Oils : Engine oil consumption in India is likely to grow at a faster rate than other product types due to the growing presence of gasoline- and diesel-run vehicles in the country.
