India Synthetic Lubricants Market Scope & Volume Analysis with Executive Summary 2030

Future India Synthetic Lubricants Market: Key Dynamics, Size & Share Analysis

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.

Top Driver Impacting the India Synthetic Lubricants Market Growth

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.

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Understanding the Core Segments in the India Synthetic Lubricants Market

India Synthetic Lubricants Market Size, Share & Industry Trends Analysis – By Product Type (Polyalphaolefin (PAO), Esters, Polyalkylene Glycol (PAG), Others), By Distribution Channel (OEM Outlets, Independent Workshops, Online Retail, Specialty Stores, Supermarket & Hypermarkets), By End User (Automotive, Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Aviation, Industrial, Marine), and others

Geographical Analysis of the Smart Irrigation Market

-By Region

North
South
East
West

Who Dominates the India Synthetic Lubricants Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Synthetic Lubricants market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

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
Fuchs Lubricants Pvt. Ltd.
TotalEnergies
Others

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