Lewes, DE -- (SBWire) -- 04/17/2015 --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://www.marketresearchreports.com/vbi-solution/india-market-overview-lubricants
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