Product Code: ETC049744 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Grease Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 13.92% in 2027, following an initial rate of 10.95%, before easing to 10.06% at the end of the period.
The India Grease Market is projected to reach a value of USD 669.5 million by 2031, registering a CAGR of 5.2% during the forecast period (2025 ? 2031). Growing automotive and industrial sector in the country has been driving the demand for greases across applications such as construction equipment, automobiles, power generation turbines, and others which propel market growth. The rising demand for electric vehicles in India is also expected to boost the grease market over the forecast period. Furthermore, increasing awareness about environment-friendly products that are biodegradable and non-toxic is anticipated to provide significant opportunities for vendors operating in this market space over the next few years.
Growth in Automotive Sector: The demand for grease has increased significantly due to its use as an integral lubricant component used across various industries such as automotive manufacturing processes including assembly lines and other components handling operations like chassis making or engine assembling processes. This factor has been contributing immensely towards propelling sales of greases across India`s automotive industry over recent years. Increasing Demand from Industrial Applications: Growing industrial activities have resulted into high consumption of grease for efficient functioning of machinery parts thereby boosting its usage at large scale thus driving growth of Indian grease market over coming years. Moreover, government initiatives towards promoting manufacturing sector will further accelerate its adoption rate amongst end users leading toward higher revenues generated through it by 2031 end. Rising Awareness about Environment Friendly Products: Stringent regulations imposed on conventional petroleum based lube oil owing to their pollutant nature have led manufacturers opting eco friendly bio degradable lubes instead causing surge in overall revenue generated through it till 2025 end . In addition , growing inclination among manufacturers towards utilizing energy efficient technologies will further generate lucrative opportunity for players operating in Indian lubricants &grease industry during 2025?2025 timeframe.
Fluctuations in Raw Material Prices: Variations experienced by prices of raw materials used while producing these products may hamper production efficiency resulting into increase cost incurred while producing them thus hampering revenue generated from sale of these products up to certain extent during 2025?2025 timeframe . Lack Of Technical Expertise Among Manufacturers : Majorityof small scale enterprises present within domestic markets lack technical knowhow needed while formulating these complex blends hindering expansion plans laid down by major players operating within Indian markets up until 2022 end.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Grease Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Grease Market Revenues & Volume, 2021 & 2031F |
3.3 India Grease Market - Industry Life Cycle |
3.4 India Grease Market - Porter's Five Forces |
3.5 India Grease Market Revenues & Volume Share, By Thickener Type, 2021 & 2031F |
3.6 India Grease Market Revenues & Volume Share, By Base Oil, 2021 & 2031F |
3.7 India Grease Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 India Grease Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Grease Market Trends |
6 India Grease Market, By Types |
6.1 India Grease Market, By Thickener Type |
6.1.1 Overview and Analysis |
6.1.2 India Grease Market Revenues & Volume, By Thickener Type, 2021-2031F |
6.1.3 India Grease Market Revenues & Volume, By Metallic Soap Thickener, 2021-2031F |
6.1.4 India Grease Market Revenues & Volume, By Non-soap Thickener, 2021-2031F |
6.1.5 India Grease Market Revenues & Volume, By Inorganic, 2021-2031F |
6.1.6 India Grease Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Grease Market, By Base Oil |
6.2.1 Overview and Analysis |
6.2.2 India Grease Market Revenues & Volume, By Mineral oil, 2021-2031F |
6.2.3 India Grease Market Revenues & Volume, By Synthetic oil, 2021-2031F |
6.2.4 India Grease Market Revenues & Volume, By Bio-based oil, 2021-2031F |
6.3 India Grease Market, By End-Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Grease Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 India Grease Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 India Grease Market Revenues & Volume, By General Manufacturing, 2021-2031F |
6.3.5 India Grease Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 India Grease Market Revenues & Volume, By Metal production, 2021-2031F |
6.3.7 India Grease Market Revenues & Volume, By Power generation, 2021-2031F |
6.3.8 India Grease Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 India Grease Market Revenues & Volume, By Others, 2021-2031F |
7 India Grease Market Import-Export Trade Statistics |
7.1 India Grease Market Export to Major Countries |
7.2 India Grease Market Imports from Major Countries |
8 India Grease Market Key Performance Indicators |
9 India Grease Market - Opportunity Assessment |
9.1 India Grease Market Opportunity Assessment, By Thickener Type, 2021 & 2031F |
9.2 India Grease Market Opportunity Assessment, By Base Oil, 2021 & 2031F |
9.3 India Grease Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 India Grease Market - Competitive Landscape |
10.1 India Grease Market Revenue Share, By Companies, 2024 |
10.2 India Grease Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |