India Industrial Lubricant Market - Future, Scope, Trends
India industrial lubricant market stood at USD 1.54 billion in FY2019 and is projected to grow to USD 1.91 billion by FY2027, on the back of strong growth in construction & mining sectors across the country. Industrial lubricants find application in a variety of end-user industries therefore, an extensive list of lubricants is available that includes hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids, and bearing oil. Among these, hydraulic lubricants and machine lubricants dominate the market in FY2019 due to high demand in industrial and mining applications. The textile industry generates comprehensive demand for industrials, which are being used to improve the performance of bearings, conveyor chains, rotary couplings of spinning, knitting and weaving machines. Moreover, the textile industry is growing at a rapid pace, with new textile manufacturers entering into the market, thereby positively influencing the coun...