Opportunities In Lubricants India Market Analysis

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The evolving market forces in India present significant opportunities in rural areas to new and existing marketers and formulators of lubricant. 2) Overview of Indian Automotive Lubricant Industry Lubricants Lubricants are used to reduce friction between moving parts, thus resulting in lower wear and tear. In many

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India Lubricants Market. The Indian lubricant market is expected to register a CAGR of 4.64%, during the forecast period, 2019-2024. The major factors driving the growth of the market are the increasing vehicular production along with the increasing construction and infrastructure activities in the country.

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Overall lubricant consumption in India is projected to grow at an annual rate of 2.5 percent over the next five years, according to Kline’s "Opportunities in Lubricants: India Market Analysis," a comprehensive assessment of the Indian lubricants market focusing on key trends, developments, challenges, business opportunities and major suppliers.

India automotive lubricants market is projected to reach $ 9.6 billion by 2022. Surging demand for automotive lubricants is anticipated on account of increasing sales of vehicles and growing consumer awareness regarding the use and advantages of engine oils and other lubricants.

In a market like India, where you have large consumption opportunity , there is a huge runway ahead for investments.

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Potential targets include manufacturing facilities, oil and gas plants and transit systems.

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Opportunities in Lubricants: India Market Analysis provides an in-depth analysis of commercial automotive, consumer automotive, and industrial lubricant products, markets, and suppliers in India. This report is designed to assist lubricant marketers and blenders, basestock marketers, and lubricant additive companies in understanding the dynamics of each significant market and product segment.

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