What Does the India Synthetic Lubricants Market Report Reveal About Industry Growth During 2025-2030?

A new study by MarkNtel Advisors takes a deep look at The India Synthetic Lubricants Market size is valued at around USD 305.71 million in 2025 and is projected to reach USD 550.51 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.30% during the forecast period, i.e., 2025-30.

This comprehensive study provides data-driven insights into key market drivers, ongoing challenges, and emerging opportunities. It aims to help businesses, investors, and decision-makers understand the market’s direction, assess potential risks, and make strategic, informed decisions for future growth.

Download Your Free PDF Sample– Explore market size, trends, and growth forecast for 2025-2030 and make data-driven decisions today! https://www.marknteladvisors.com/query/request-sample/synthetic-lubricants-market-india.html

What Is Driving the Growth of the India Synthetic Lubricants Market?

Growing Number of Vehicles – The market growth is driven by the rising number of vehicles in the country, which is increasing the demand for synthetic lubricants. For instance, in 2024, there are about 370 million vehicles registered in the country, creating a huge demand for lubricants. This is leading to frequent maintenance of these vehicles, including frequent oil refills for their smooth running.

Additionally, many people use mineral oils or semi-synthetic oils, which require more frequent oil replacement, thus increasing the market demand. For instance, the two-wheelers require oil changes after every 1,000 to 2,000 km, which increases the engine usage and lubricant consumption. Consequently, the country has increased its production capacity for lubricant manufacturing. For instance, India produces more than 1,30,000 tons of lubricants per year.

What Challenges Exist in the India Synthetic Lubricants Market?

India Synthetic Lubricants Market Challenge:

High Cost & Supply Chain Disruptions – The market is facing high production cost challenges due to advanced chemical processes and high-quality oil, which are extremely costly over mineral oils. Additionally, many raw materials, such as polyalphaolefins (PAO), esters, and many more, are exported from other countries, which ultimately increases the cumulative costs. For instance, the estimated production cost of synthetic lubricant is about USD12,000 per ton, which is hindering the market growth & expansion in the coming years.

Moreover, India further lacks the manufacturing units for the production of synthetic lubricants, which leads to a high import dependence of India for these products, thus leading to shipping delays and port congestion due to fragmented supply chains and related disruptions. For instance, Bharat Lubricants experienced a substantial scarcity of lubricant oil in India, due to conflicts in the GCC region, as these are majorly imported from GCC countries, thus restraining the market growth.

Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/synthetic-lubricants-market-india.html

How Is the India Synthetic Lubricants Market Segmented?

The market is categorized into multiple segments to offer a comprehensive understanding of its structure and performance.

By Product Type

-Polyalphaolefin (PAO)- Market Size & Forecast 2020-2030, USD Million

-Esters- Market Size & Forecast 2020-2030, USD Million

-Polyalkylene Glycol (PAG)- Market Size & Forecast 2020-2030, USD Million

-Others- Market Size & Forecast 2020-2030, USD Million

By Distribution Channel

-OEM Outlets- Market Size & Forecast 2020-2030, USD Million

-Independent Workshops- Market Size & Forecast 2020-2030, USD Million

-Online Retail- Market Size & Forecast 2020-2030, USD Million

-Specialty Stores- Market Size & Forecast 2020-2030, USD Million

-Supermarket & Hypermarkets- Market Size & Forecast 2020-2030, USD Million

By End User

-Automotive- Market Size & Forecast 2020-2030, USD Million

-Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million

-Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million

-Two-Wheelers- Market Size & Forecast 2020-2030, USD Million

-Aviation- Market Size & Forecast 2020-2030, USD Million

-Industrial- Market Size & Forecast 2020-2030, USD Million

-Marine- Market Size & Forecast 2020-2030, USD Million

By Region

-North

-South

-East

-West.

Who Are the Key Players in the India Synthetic Lubricants Market?

The competitive landscape analysis focuses on major companies shaping the market through innovation, strategic expansion, and acquisitions.

Leading Companies Include:

-Indian Oil Corporation Ltd. (Servo)

-Bharat Petroleum Corporation Ltd. (BPCL)

-Hindustan Petroleum Corporation Ltd. (HPCL)

-Castrol India Ltd. (BP)

-Shell PLC

-Gulf Oil Lubricants India Ltd.

-Veedol Corporation Ltd. (Tide Water Oil)

-Exxon Mobil Corporation.

These players are analyzed based on their market strategies, product portfolios, expansions, and partnerships to help readers understand how competition is evolving.

Why Should You Buy the India Synthetic Lubricants Market Report?

·         Gain comprehensive insights into the industry’s growth drivers, restraints, and opportunities.

·         Access data-backed intelligence on key market trends, emerging technologies, and investment prospects.

·         Identify competitive strategies and business models adopted by leading players.

·         Understand regional variations and their impact on global market performance.

·         Leverage financial and strategic forecasts to make informed business decisions.

Can the Report Be Customized to Meet Specific Business Needs?

Yes. MarkNtel Advisors provides customized research reports tailored to your organization’s specific objectives and data requirements. These custom reports help businesses gain actionable insights, assess market competitiveness, and design effective strategies for sustainable growth.

Select a License That Matches Your Business Requirements with Instant Offer – https://www.marknteladvisors.com/pricing/synthetic-lubricants-market-india.html

About us

MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

MarkNtel Advisors is a leading Market Research Company and Industry Research Report Firm offering end-to-end intelligence across the automotive sector, including automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our extensive portfolio of Syndicated Research Reports and Customized Market Research Reports delivers global, regional, and country-level insights that help manufacturers, suppliers, and investors navigate evolving emission standards, technological disruptions, and changing consumer mobility trends. Built on robust data analytics, primary interviews, and Export and Import Data, our research provides actionable Market Forecasts and Revenue Impact Assessments. Clients leverage our intelligence for business analysis, competitive benchmarking, and go-to-market planning. Through our specialized Consulting Services, MarkNtel Advisors empowers automotive stakeholders to translate insight into strategy, ensuring agility, innovation, and profitable growth in a transforming global mobility landscape.

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