The lubricant market in India, excluding petroleum oil for textile and leather uses, is projected to grow steadily from $806.45 million in 2024 to $875.36 million in 2028. Year-on-year, the market value increases by approximately 2.20% to 2.60%. No data was provided for 2023, but the consistent growth forecast suggests an ongoing positive trend. Over the five years, the market demonstrates a compound annual growth rate (CAGR) indicative of this gradual rise.
Future trends to watch include the impact of industrial diversification and the increasing demand for sustainable, non-petroleum-based lubricants, alongside advancements in lubricant technology which may spur further market development.
