Title: India Base Oil Market Size, Share, Growth & Forecast 2025
12015 2025
INDIA BASE OIL MARKET FORECAST OPPORTUNITIES
2- Scope of Report
- Product of Interest (POI) Base Oil
India base oil market is expected to grow at a
formidable rate during the forecast period.
Growth of base oil market in India can be majorly
attributed to rapid industrialisation, growing
automotive industry and rise in number of
automobile manufacturing plants in the country.
Moreover, increasing use of lubricants in
numerous end user industries is further
propelling the product demand in the country.
Furthermore, rise in sale of vehicles along with
growing logistics aviation and trade industries
are anticipated to play a considerable role in
bolstering the growth of India base oil market.
TYPE
- Group I
- Group II
- Group III
- Group IV
- Group V
REGION
3S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Executive Summary Executive Summary Executive Summary
4. Voice of Customer Voice of Customer Voice of Customer
5. India Base Oil Market Outlook India Base Oil Market Outlook India Base Oil Market Outlook
5.1. Market Size Forecast Market Size Forecast
5.1.1. By Value Volume
5.2. Market Share Forecast Market Share Forecast
5.2.1. By Type (Group I, Group II, Group III, Group IV, and Group V)
5.2.2. By Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Greases, and Others)
5.2.3. By Region (East West North South)
5.2.4. By Company (2019)
5.3. Market Attractiveness Index Market Attractiveness Index
6. North India Base Oil Market Outlook North India Base Oil Market Outlook North India Base Oil Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value Volume
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Type
6.2.2. By Application
4S. No. Contents Contents Contents Page No.
7. East India Base Oil Market Outlook East India Base Oil Market Outlook East India Base Oil Market Outlook
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value Volume
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Type
7.2.2. By Application
8. South India Base Oil Market Outlook South India Base Oil Market Outlook South India Base Oil Market Outlook
8.1. Market Size Forecast Market Size Forecast
8.1.1. By Value Volume
8.2. Market Share Forecast Market Share Forecast
8.2.1. By Type
8.2.2. By Application
9. West India Base Oil Market Outlook West India Base Oil Market Outlook West India Base Oil Market Outlook
9.1. Market Size Forecast Market Size Forecast
9.1.1. By Value Volume
9.2. Market Share Forecast Market Share Forecast
9.2.1. By Type
9.2.2. By Application
10. Market Dynamics Market Dynamics Market Dynamics
10.1. Drivers
10.2. Challenges Challenges
5S. No. Contents Page No.
11. Market Trends Developments
12. Policy Regulatory Landscape
13. Pricing Analysis
14. India Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
17. About Us Disclaimer
6RESEARCH METHODOLOGY
7Market Profiling
Data Analysis
Data Collection
Data Validation
Developing List of Respondents
Formulating Questionnaire
In-depth secondary research was conducted to
determine top players in the India base oil
market, overall market size and segmental market
size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about the India base oil market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis
- Recent Developments
- Market Changing Aspects/Dynamics
- Government Policies
- Conclusion
- Market Participants
- Key Strengths
- Identifying Key Opinion Leaders
- Questionnaire Design
- In-depth Interviews
8- Baseline Methodology
- Our dedicated team of industry experts has
monitored and analyzed various aspects of India
base oil market. The team has analyzed the
outlook of various segments of this market, while
considering the major influencing factors such as
rapid industrialization, rapidly growing
automotive industry and rise in number of
automobile manufacturing plants and speculated a
positive outlook during the next five years. The
study includes market forecasting, which would
enable our clients to take better decisions while
planning their strategy to achieve sustainability
in India base oil market. - Methodology Followed for Calculation of Market
Size - Market Size by Value Volume Market size, in
terms of value volume, for the year 2019 was
calculated based on information collected through
exhaustive secondary research and primary
surveys, with various key opinion
leaders/stakeholders, such as base oil
manufacturer and supplier companies, channel
partners, end users, industry experts, and other
industry participants. - The team interviewed more than 12 15 base oil
manufacturer and supplier companies, 45 50 end
users, and 8 10 industry experts and other
value chain stakeholders in the India base oil
market to obtain the overall market size from
2015 to 2019, which was validated by the Delphi
technique. Taking standard deviation into
consideration, the market size was averaged out,
to arrive at the market size data during
2015-2019.
9- Respondents were asked about the current and
future market growth rates, market shares by
type, by application, by region and by company.
Removing the outlier responses, the geometric
mean of growth estimates and supplier wise
revenue shares generated across various segments
were considered, to arrive at the final revenue
shares. Revenue shares generated across various
segments were further triangulated from other
stakeholders. - Methodology Followed for Calculation of Market
Shares - Market shares by type, by application, by region
and by company were calculated based on the
responses received through primary surveys with
industry experts, in which the respondents were
asked about the market shares or revenue
generated from various segments of base oil
market. The final shares were calculated by
taking the geometric mean of the responses
gathered from key opinion leaders after
eliminating the outliers. - Methodology Followed for Forecasting
- TechSci Research performed periodical checks on
data collected through the surveys with logic
checks and analyzed the survey results in
SPSS/Tableau Software. - Data triangulation techniques were applied to
fill the gaps and to present a more meaningful
picture of the market. To forecast India base oil
market, TechSci Research used various forecast
techniques such as - Moving Average
- Time Series Analysis
- Regression Analysis
- Econometric and Judgmental Analysis
10TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium, and long-term period to estimate
the demand and to reach accurate market numbers.
It should be noted that the figures compiled are
only for the organized market including market
share data.
Partial List of Companies Interviewed Key Secondary Sources
Indian Oil Corporation Ltd. Hindustan Petroleum Corporation Limited Bharat Petroleum Corporation Limited Total S.A. SK Lubricants Oils India Pvt Ltd. BP PLC Chevron Lubricants India Pvt Ltd. Petronas Pvt. Ltd. Shell India Pvt Ltd World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports Statista News Dailies Credible Paid Databases
11According to TechSci Research report, India Base
Oil Market By Type, By Application, Competition,
Forecast Opportunities, 2025, India base oil
market is predicted to grow at a steady pace
during the forecast period on account of rising
concerns over environmental degradation coupled
with the subsequent upsurge in demand for
alternative, sustainable products having lower
carbon footprints. In addition to this,
increasing adoption of group II as well as group
III base oil on account of increasing ground
transportation, commercial road transportation
and aviation is expected to support the base oil
market growth in the country over the next five
years. Furthermore, expanding production
capabilities in the country is likely to provide
lucrative growth opportunities for the market
during the forecast period. However, volatility
of crude oil prices might hamper the growth of
India base oil market through 2025. In terms of
type, the India base oil market is segmented into
group I, group II, group III, group IV, and group
V. Among them, group II and III segments jointly
accounted for one-third of the market share until
2019. But group II base oil type, is the top
investment pocket and is projected to lead the
market in the years to come, which can be
attributed to the replacement of group I base oil
because of the shifting trend towards low and mid
SAPS specifications and lighter viscosity grades.
Moreover, the high adoption of group II base oil
is largely credited to its higher performance and
affordability when compared to the other groups
of base oil. Indian Oil Corporation Ltd,
Hindustan Petroleum Corporation Limited, Bharat
Petroleum Corporation Limited, Total S.A., SK
Lubricants Oils India Pvt Ltd., BP PLC, Chevron
Lubricants India Pvt Ltd, Petronas Pvt. Ltd.,
Shell India Pvt Ltd, ADNOC etc. among others are
the leading players operating in India base oil
market. Increasing GDP owing to surging
industrial activities has increased the demand
for base oil in this country. Growth of
transportation, mining, power generation, and
other sectors in the country are also some other
factors adding to the growth of the India base
oil market. In addition to this, rising demand
for oils in the automotive sector and stringent
environmental legislation leading to strict
performance standards is further anticipated to
give a healthy push to the market growth through
2025., said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based India
management consulting firm.
12India Base Oil Market Size, By Value (USD
Million) By Volume (Kilo Tons), 20152025F
CAGR By Value Volume
CAGR By Value Volume
XX
YY
India Base Oil Market Share, By Type, By Value,
20152025F
North India Base Oil Market Share, By
Application, By Value, 20152025F
13Report Name INDIA BASE OIL MARKET FORECAST
OPPORTUNITIES 2015 2025
Report Price
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Electronic Access - Single User License 2950
Electronic Access - Multi-User License 3750
Custom Research License 7500
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14About Us Disclaimer
TechSci Research is a global market research and
consulting company with offices in the US, UK and
India. TechSci Research provides market research
reports in number of areas to organizations. The
company uses innovative business models that
focus on improving productivity, while ensuring
creation of high-quality reports. The proprietary
forecasting models use various analyses of both
industry-specific and macroeconomic variables on
a state-by-state basis to produce a unique
bottom-up model of a country, regional and
global industry prospects. Combined with the
detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market.
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