Driven by Growing Number of Vehicles, India Synthetic Lubricants Market to Witness a Steady CAGR of 10.30% During 2025-30

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India Synthetic Lubricants Market Overview, Trends, Size and Forecast: 2025-2030

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, cites MarkNtel Advisors in the recent research report. The market growth is driven by several growth factors, including the increasing number of vehicles, including two-wheelers and four-wheelers, growing support of the Indian government for increasing the number of manufacturing facilities to produce synthetic lubricants in the country, the adoption of OEM-approved lubricants, etc.

One of the major growth factors is the increasing inclination towards industrial automation, which raises the demand for high-quality machinery. These are contributing to a high demand for synthetic lubricants for their smooth operations. Additionally, the active support of the Indian government is significantly encouraging the extension of self-manufacturing to reduce the import dependence of various synthetic lubricants by allocating substantial funds for infrastructure development. In 2024, Savita Oil Technologies launched a new manufacturing plant in Maharashtra for producing synthetic ester with thousands of tons of lubricants annually, thus providing ample growth opportunities for the market players. Also, the implementation of various policies and schemes like Make in India, Self-Reliant India, etc., by the Indian government to increase the manufacturing industry in the country is contributing to the potential market growth & expansion.

Furthermore, the adoption of the Original Equipment Manufacturer (OEM)-approved lubricants is positively shaping the market dynamics, as these lubricants increase the product's quality and efficiency. However, the high costs and high import dependence due to the unavailability of raw materials are restraining the market growth & expansion, further states the research report, “India Synthetic Lubricants Market Analysis, 2025.”

India Synthetic Lubricants Market Segmentation Insights:

Polyalphaolefin (PAO) Product Type Generating Maximum Revenue

Based on the product type, the market is further segmented into Polyalphaolefin (PAO), Esters, Polyalkylene Glycol (PAG), and Others. Among these, the Polyalphaolefin (PAO) holds the largest market share of about 49%. This segment is dominant in the market due to the rising demand from the automotive sector in the country, as India has a high vehicle density, especially the two-wheelers. These are increasing the demand for synthetic lubricants, particularly the PAO, due to their high durability, lubricity, thermal stability, and high efficiency for their smooth running.

Many major companies, like KK India Petroleum Specialities Pvt. Ltd. and PAT IMPEX INDIA (Vadodara), have local production facilities in India, manufacturing a significant amount of PAO to fulfil the country’s high demand for synthetic lubricants, including PAO. For instance, the KK India Petroleum Specialities Pvt. Ltd. alone produces thousands of liters of PAO each year, showing the high consumption of this lubricant in the country. Apart from the automotive sector, other industrial applications, such as turbines and compressors, are contributing to its leadership in this market, based on product type.

Automotive Sector is the Primary End User of Synthetic Lubricants

The automotive sector leads the market with a market share of around 55%. The segment is leading due to the high dependence of the Indians on motor vehicles, especially motorbikes, for daily commutation. The country has millions of bikes that have been registered in recent years, which is increasing the demand for automotive lubricants. Also, the high disposable incomes and rapid urbanization encouraged the Indian citizens to own cars, which further raised the demand for different lubricants, such as gear oils, transmission fluids, and various other lubricants.

Additionally, the rising culture of e-commerce increases the logistics department and transportation services in the country, which is significantly raising the demand for automotive lubricants. Moreover, the hot and humid climatic conditions are leading to frequent oil changes, thus contributing to the leadership of the automotive sector in the market.

Top Companies in the India Synthetic Lubricants Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading India Synthetic Lubricants Market companies, including 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, and others are looking forward to increase their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the India Synthetic Lubricants Market?
2. What is the volume and share of each segment in the India Synthetic Lubricants Market?
3. What are the key trends shaping the India Synthetic Lubricants Market from 2025 to 2030?
4. What growth factors and risks impact the India Synthetic Lubricants Market?
5. What are the main challenges faced by players in the India Synthetic Lubricants Market?
6. What are the top opportunities in the India Synthetic Lubricants Market?
7. What does competitive analysis reveal about the India Synthetic Lubricants Market landscape?
8. Who are the key players and companies leading the India Synthetic Lubricants Market?
9. What innovations are transforming the future dynamics of the India Synthetic Lubricants Market?
10. How are partnerships and collaborations driving the India Synthetic Lubricants Market growth?
11. How does the India Synthetic Lubricants Market differ based on geography and segments?