In 2023, the value of the lubricant market for textile and leather use (without petroleum oil) in India was noted for contextual grounding, allowing us to explore its growth forecast from 2024 to 2028. Over the period from 2024 to 2028, the market demonstrates a steady growth trajectory. The year-on-year increase from 2024 to 2025 shows a growth rate of approximately 4.02%, followed by a similar annual increase through to 2028. The Compound Annual Growth Rate (CAGR) for the five-year period is indicative of consistent expansion, with the market expected to reach 552.93 million USD by 2028.

Future trends to watch for in this sector include:

The shift towards sustainable and eco-friendly lubricants could drive the demand further.
Technological advancements in lubricant formulations to enhance efficiency and reduce dependency on petroleum oils.
Increasing investments and government policies promoting the textile and leather industries might positively influence market growth.