India Lubricating Oil Additives Market Outlook 2030: Leading Companies & Growth Insights

Future India Lubricating Oil Additives Market: Key Dynamics, Size & Share Analysis
The India Lubricating Oil Additives Market size is valued at around USD 1,389 million in 2025 and is expected to reach USD 1,827 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.63% during the forecast period, i.e., 2025-30. The market growth is driven by the expansion of industrial sectors and the increasing population in the country. This is steadily increasing the ownership and replacement of vehicles, thereby increasing the demand for lubricating oil additives, which help in reducing temperatures and maintaining the longevity of moving parts.
Top Challenges Impacting the India Lubricating Oil Additives Market Growth
High Reliance on Imports – The country is reliant on imported base oils and certain specialty chemicals that are used in additive formulations, which is due to it not producing enough high-quality base oils domestically, thereby forcing players such as additive blenders and suppliers to depend on imports, particularly from the Middle East and Southeast Asia regions. For instance, the Petroleum Planning & Analysis Cell (PPAC) noted the rising import of base oil by India. This dependency on imports is exposing players to global price fluctuations, supply chain disruptions, geopolitical risks, etc., all of which are increasing the costs of raw materials. For instance, the input prices for lubricant formulators increased significantly due to the high freight cost spikes during the 2021–22 global supply chain crisis, due to which both multinational and domestic additive suppliers faced high pressure in the market and limited their capacity to invest in product innovation and competitive pricing strategies. Therefore, this is hindering the smooth market progression in the country.
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Understanding the Core Segments in the India Lubricating Oil Additives Market
India Lubricating Oil Additives Market Size, Share & Industry Trends Analysis- By Type (Detergents, Dispersants, Viscosity Index Improvers, Anti-Wear Agents, Extreme Pressure Additives, Corrosion Inhibitors, Antioxidants, Friction Modifiers, Others), By Application (Engine Oil, Hydraulic Fluid, Gear Oil, Metal Working Fluid, Transmission Fluid, Grease, Compressor Oil, Others), By End-User (Automotive Industrial Marine Aerospace Others), and others
Geographical Analysis of the India Lubricating Oil Additives Market
- North
- East
- South
- West
- Central
Who Dominates the India Lubricating Oil Additives Market Insights on Key Industry Players?
Companies are strengthening their presence in the India Lubricating Oil Additives market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Afton Chemical
- BASF
- Castrol India
- Chevron Oronite
- Clariant
- Croda
- Deepak Nitrite
- Evonik
- Gulf Oil Lubricants India
- Indian Oil Corporation
- Infineum
- LANXESS
- Lubrizol
- Reliance Industries
- SI Group
- Others
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