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India Industrial Lubricant Market Report 2020: Competition, Forecast & Opportunities, 2013-2027 - Market Stood at $1 54 Billion in 2019 and is Projected to Grow to $1 91 Billion by 2027

Share this article Share this article ResearchAndMarkets.com s offering. The Indian 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 variety of end-user industries therefore, an extensive list of lubricants is available that include hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids and bearing oil. Among these, the hydraulic lubricants and machine lubricants dominate the market in FY2019 due to high demand in industrial and mining applications.

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