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The lubricants market is growing the fastest considering the tremendous use of equipment across projects

- MOLLY R

According to reports, India is the third largest and fastest-growing lubricant market after the USA and China. India’s lubricant market is expected to reach $48.22 billion by 2027, growing at a CAGR of 4.77%. Broadly, Indian infrastructure development can be categorised as urban infra, ports, irrigation, civil aviation, roads & railways, shipping, and other segments. The ambitious National Infrastructure Pipeline (NIP) has set India’s target to achieve $5 trillion in GDP by investing over $1.4 trillion in the infrastructure sub-sectors.

Most lubricants manufacturers aim is to reduce total cost of ownership for end-users in the construction equipment industry, hence, they focus on all types of costs, including product cost, maintenance costs, and administration costs. The high-performance lubricants that most have on offer bring in reliability at all temperatures, lower oil consumption, significantly lower fuel consumption, and extend service intervals. Whenever engines and gearboxes run freer and more reliably, operating costs are lower because they consume less. And just 1% lower fuel consumption (depending on operating conditions) means fuel savings of several hundred rupees per vehicle every year.

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