Size of the
Indian lubricants market is estimated to be around USD 2.62 billion. The annual
consumption stands at around 1.5 million kilo liters. India is the sixth
largest lubricants market in the world.
Annual value
growth rate of around 6-7 %
Products
Automotive,
Industrial and Marine lubricants form the lubricant pie in the ration 60 : 35 :
5.
Products
include Auto Engine Oils, Auto gear oils, Auto greases, Turbine oils, Hydraulic
oils, Metal working oils, gear oils, rolling oils.
Competition
Major players
include IOC, HPCL, BPCL, Castrol, TotalFina Elf, Tidewater Oil Co.,
Exxon-Mobil, Motul.
These
players are active in the automotive and industrial lubricant segment.
The marine
lubricant segment primarily includes IOC, TotalFina Elf and Apar industries.
Channel
There are
three primary channels for sales of lubricants in India:
- Petrol pumps
- Bazaar retailers
- Direct selling
India has
one of the lowest per capita lubricant usage rates In the world, and as such
strong
future growth potential
Spanning over 42 pages, “India
Market Overview - Lubricants” report covers the Research
Methodology, India Lubricant Market Overview, Competitive Analysis,
Distribution Channel Structure.
For
further information on this report, please visit- http://mrr.cm/4Qz
Find all Automotive Reports at: http://www.marketresearchreports.com/automotive
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