India Synthetic Automotive Engine Oil Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (India)

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,995	231 Pages	Fairfield Market Research	December, 2023	FCSL18382129

Best Price Guarantee
Price	from $4,995
Length	231 Pages
Publisher	Fairfield Market Research
Published Date	December, 2023
SKU	FCSL18382129

The India synthetic automotive engine oil market is set to surge from US$ 699 million in 2024 to a projected size of US$ 1000 million by the end of 2031, according to recent market analysis. The growth is attributed to the rising demand for passenger vehicles, heightened awareness of engine performance, and the emphasis on environmental sustainability and fuel efficiency.
• Essential for High-Performance Engines: High-performance synthetic engine oil has become indispensable in the automotive sector. It overcomes the limitations of conventional engine oil and offers advantages such as extended service life, enhanced energy efficiency, and long-term cost-effectiveness. These high-performance engine oils find applications in a range of modern and advanced engines, including gas-powered, gasoline-powered, hybrid, and more.
• Increasing Demand for Passenger Cars: The escalating demand for passenger cars worldwide is a significant driver of market growth. This is largely attributed to the rising disposable income of India's middle-class population.
• Stable Viscosity and Purity: Synthetic engine oil's higher viscosity index ensures stable viscosity across a wide temperature range, offering consistent performance in extreme conditions. Moreover, these oils offer a higher level of purity compared to conventional mineral oils, providing optimal protection against wear and tear.

Factors Driving Demand for Synthetic Automotive Engine Oil
1. Increased Vehicle Production: The India automotive industry is a major driver of the economy, experiencing robust growth due to rising disposable incomes and a strong demand from the younger population. In December 2022 alone, India produced a staggering 1,557,238 passenger vehicles, three-wheelers, two-wheelers, and quadricycles. With India being a significant player in the global heavy commercial vehicles market and substantial foreign direct investments, the market for engine oil is expected to expand further.
2. Engine Performance Awareness: Modern automobile engines operate at higher RPMs and require efficient engine oil to function seamlessly. Synthetic automotive engine oil offers numerous benefits over conventional oil, including temperature stability, high viscosity index, and overall improved performance. As vehicle owners prioritize engine performance maintenance, the demand for high-performance engine oils continues to rise.
3. Emphasis on Environmental Sustainability and Fuel Efficiency: Manufacturers in the synthetic automotive engine oil industry are well-positioned to capitalize on the growing emphasis on fuel economy, driven by concerns about environmental sustainability and stricter fuel efficiency regulations. Synthetic engine oil reduces friction, enhancing overall vehicle performance and engine efficiency.

Challenges Faced by Automotive Engine Oil Manufacturers
1. Electric Vehicle (EV) Disruption: India's EV industry is rapidly accelerating, thanks to initiatives like the FAME India program. Electric vehicles generate minimal friction, which is expected to reduce the demand for synthetic automotive engine oil, posing a potential challenge to manufacturers.

Regional Insights
1. Western India Sales Projection: West India, home to well-established domestic players, is expected to maintain its prominent position in the synthetic engine oil market. As the vehicle sector continues to thrive, steady growth is anticipated in this region.
2. Growth Outlook for North India: North India plays a vital role in India's GDP and features key sectors like automobiles, hydropower, and infrastructure. Government initiatives aimed at improving the business environment in the automobile industry are expected to drive further growth in the synthetic automotive engine oil market.

Competitive Landscape

The India synthetic automotive engine oil market is characterized by the dominance of key players holding 55% to 65% of the market share. Intense competitiveness prevails in the market, with numerous small- and medium-sized businesses operating alongside well-established players at the state and national levels.

Key Companies Profiled:
• Indian Oil Corporation Limited
• HPCL
• BPCL
• Castrol Ltd.
• Savita Oil
• Shell PLC
• Valvoline Inc.
• Amsoil Inc.
• Gulf Oil International
• Motul
• ExxonMobil Corporation
• BP PLC
• Phillips 66 Company

Segmentation of India Synthetic Automotive Engine Oil Industry Research

By Vehicle Type:
• Passenger Cars
• LCVs
• HCVs
• Two Wheelers
• Racing Vehicles
• Marine

By Product Type:
• Full Synthetic Engine Oil
• Synthetic Blend Engine Oil
• High Mileage Synthetic Engine Oil
• Racing Synthetic Engine Oil
• Others

By Base Oil Type:
• Group III Base Oil
• Group IV Base Oil
• Group V Base Oil

By Region:
• North India
• South India
• East India
• West India

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.

1. Executive Summary: 1.1. India Synthetic Automotive Engine Oil Market Snapshot; 1.2. Future Projections; 1.3. Key Market Trends; 1.4. Regional Snapshot, by Value, 2023; 1.5. Analyst Recommendations
2. Market Overview: 2.1. Market Definitions and Segmentations; 2.2. Market Dynamics; 2.2.1. Drivers; 2.2.2. Restraints; 2.2.3. Market Opportunities; 2.3. Value Chain Analysis; 2.4. Porter’s Five Forces Analysis; 2.5. COVID-19 Impact Analysis; 2.5.1. Supply; 2.5.2. Demand; 2.6. Impact of Ukraine-Russia Conflict; 2.7. Economic Overview; 2.7.1. World Economic Projections; 2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2018-2023: 3.1. India Synthetic Automotive Engine Oil, Production Output, by Region, 2018 – 2023; 3.1.1. North India; 3.1.2. South India; 3.1.3. West India; 3.1.4. East India; 3.1.5. Middle East & Africa
4. Production Output and Trade Statistics, 2018-2023: 4.1. Key Highlights; 4.2. India Average Price Analysis, by Vehicle Type, US$ per Kg; 4.3. Prominent Factors Affecting Product Prices; 4.4. India Average Price Analysis, by Region, US$ per Kg
5. India Synthetic Automotive Engine Oil Market Outlook, 2018 – 2031: 5.1. India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 5.1.1. Key Highlights; 5.1.1.1. Passenger Cars; 5.1.1.2. LCVs; 5.1.1.3. HCVs; 5.1.1.4. Two Wheelers; 5.1.1.5. Racing Vehicles; 5.1.1.6. Marine; 5.2. India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 5.2.1. Key Highlights; 5.2.1.1. Full Synthetic Oil; 5.2.1.2. Synthetic Blend Engine Oil; 5.2.1.3. High Mileage Synthetic Engine Oil; 5.2.1.4. Racing Synthetic Engine Oil; 5.2.1.5. Miscellaneous; 5.3. India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 5.3.1. Key Highlights; 5.3.1.1. Group III Base Oils; 5.3.1.2. Group IV Base Oil; 5.3.1.3. Group V Base Oil; 5.4. India Synthetic Automotive Engine Oil Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 5.4.1. Key Highlights; 5.4.1.1. North India; 5.4.1.2. South India; 5.4.1.3. West India; 5.4.1.4. East India
6. North India Synthetic Automotive Engine Oil Market Outlook, 2018 – 2031: 6.1. North India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 6.1.1. Key Highlights; 6.1.1.1. Passenger Cars; 6.1.1.2. LCVs; 6.1.1.3. HCVs; 6.1.1.4. Two Wheelers; 6.1.1.5. Racing Vehicles; 6.1.1.6. Miscellaneous; 6.2. North India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 6.2.1. Key Highlights; 6.2.1.1. Full Synthetic Oil; 6.2.1.2. Synthetic Blend Engine Oil; 6.2.1.3. High Mileage Synthetic Engine Oil; 6.2.1.4. Racing Synthetic Engine Oil; 6.2.1.5. Miscellaneous; 6.3. North India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 6.3.1. Key Highlights; 6.3.1.1. Group III Base Oils; 6.3.1.2. Group IV Base Oil; 6.3.1.3. Group V Base Oil; 6.3.2. BPS Analysis/Market Attractiveness Analysis
7. South India Synthetic Automotive Engine Oil Market Outlook, 2018 – 2031: 7.1. South India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 7.1.1. Key Highlights; 7.1.1.1. Passenger Cars; 7.1.1.2. LCVs; 7.1.1.3. HCVs; 7.1.1.4. Two Wheelers; 7.1.1.5. Racing Vehicles; 7.1.1.6. Miscellaneous; 7.2. South India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 7.2.1. Key Highlights; 7.2.1.1. Full Synthetic Oil; 7.2.1.2. Synthetic Blend Engine Oil; 7.2.1.3. High Mileage Synthetic Engine Oil; 7.2.1.4. Racing Synthetic Engine Oil; 7.2.1.5. Miscellaneous; 7.3. South India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 7.3.1. Key Highlights; 7.3.1.1. Group III Base Oils; 7.3.1.2. Group IV Base Oil; 7.3.1.3. Group V Base Oil; 7.3.2. BPS Analysis/Market Attractiveness Analysis
8. West India Synthetic Automotive Engine Oil Market Outlook, 2018 – 2031: 8.1. West India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 8.1.1. Key Highlights; 8.1.1.1. Passenger Cars; 8.1.1.2. LCVs; 8.1.1.3. HCVs; 8.1.1.4. Two Wheelers; 8.1.1.5. Racing Vehicles; 8.1.1.6. Miscellaneous; 8.2. West India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 8.2.1. Key Highlights; 8.2.1.1. Full Synthetic Oil; 8.2.1.2. Synthetic Blend Engine Oil; 8.2.1.3. High Mileage Synthetic Engine Oil; 8.2.1.4. Racing Synthetic Engine Oil; 8.2.1.5. Miscellaneous; 8.3. West India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 8.3.1. Key Highlights; 8.3.1.1. Group III Base Oils; 8.3.1.2. Group IV Base Oil; 8.3.1.3. Group V Base Oil; 8.3.2. BPS Analysis/Market Attractiveness Analysis
9. East India Synthetic Automotive Engine Oil Market Outlook, 2018 – 2031: 9.1. East India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 9.1.1. Key Highlights; 9.1.1.1. Passenger Cars; 9.1.1.2. LCVs; 9.1.1.3. HCVs; 9.1.1.4. Two Wheelers; 9.1.1.5. Racing Vehicles; 9.1.1.6. Miscellaneous; 9.2. East India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 9.2.1.1. Full Synthetic Oil; 9.2.1.2. Synthetic Blend Engine Oil; 9.2.1.3. High Mileage Synthetic Engine Oil; 9.2.1.4. Racing Synthetic Engine Oil; 9.2.1.5. Miscellaneous; 9.3. East India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2018 – 2031; 9.3.1. Key Highlights; 9.3.1.1. Group III Base Oils; 9.3.1.2. Group IV Base Oil; 9.3.1.3. Group V Base Oil; 9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape: 10.1. Base Oil Type vs Product Type Heatmap; 10.2. Manufacturer vs Product Type Heatmap; 10.3. Company Market Share Analysis, 2023; 10.4. Competitive Dashboard; 10.5. Company Profiles; 10.5.1. Indian Oil Corporation Limited; 10.5.1.1. Company Overview; 10.5.1.2. Product Portfolio; 10.5.1.3. Financial Overview; 10.5.1.4. Business Strategies and Development; 10.5.2. HPCL; 10.5.2.1. Company Overview; 10.5.2.2. Product Portfolio; 10.5.2.3. Financial Overview; 10.5.2.4. Business Strategies and Development; 10.5.3. BPCL; 10.5.3.1. Company Overview; 10.5.3.2. Product Portfolio; 10.5.3.3. Financial Overview; 10.5.3.4. Business Strategies and Development; 10.5.4. Castrol Ltd.; 10.5.4.1. Company Overview; 10.5.4.2. Product Portfolio; 10.5.4.3. Financial Overview; 10.5.4.4. Business Strategies and Development; 10.5.5. Savita Oil; 10.5.5.1. Company Overview; 10.5.5.2. Product Portfolio; 10.5.5.3. Financial Overview; 10.5.5.4. Business Strategies and Development; 10.5.6. Shell PLC; 10.5.6.1. Company Overview; 10.5.6.2. Product Portfolio; 10.5.6.3. Financial Overview; 10.5.6.4. Business Strategies and Development; 10.5.7. Valvoline Inc.; 10.5.7.1. Company Overview; 10.5.7.2. Product Portfolio; 10.5.7.3. Financial Overview; 10.5.7.4. Business Strategies and Development; 10.5.8. Amosil Inc.; 10.5.8.1. Company Overview; 10.5.8.2. Product Portfolio; 10.5.8.3. Financial Overview; 10.5.8.4. Business Strategies and Development; 10.5.9. Gulf Oil International; 10.5.9.1. Company Overview; 10.5.9.2. Product Portfolio; 10.5.9.3. Financial Overview; 10.5.9.4. Business Strategies and Development; 10.5.10. Motul; 10.5.10.1. Company Overview; 10.5.10.2. Product Portfolio; 10.5.10.3. Financial Overview; 10.5.10.4. Business Strategies and Development; 10.5.11. ExxonMobil Corporation; 10.5.11.1. Company Overview; 10.5.11.2. Product Portfolio; 10.5.11.3. Financial Overview; 10.5.11.4. Business Strategies and Development; 10.5.12. Total S.A.; 10.5.12.1. Company Overview; 10.5.12.2. Product Portfolio; 10.5.12.3. Financial Overview; 10.5.12.4. Business Strategies and Development; 10.5.13. BP PLC; 10.5.13.1. Company Overview; 10.5.13.2. Product Portfolio; 10.5.13.3. Financial Overview; 10.5.13.4. Business Strategies and Development; 10.5.14. Phillips 66 Company; 10.5.14.1. Company Overview; 10.5.14.2. Product Portfolio; 10.5.14.3. Financial Overview; 10.5.14.4. Business Strategies and Development; 10.5.15. FUCHS; 10.5.15.1. Company Overview; 10.5.15.2. Product Portfolio; 10.5.15.3. Financial Overview; 10.5.15.4. Business Strategies and Development
11. Appendix: 11.1. Research Methodology; 11.2. Report Assumptions; 11.3. Acronyms and Abbreviations

Automotive Engine Oil Market [Engine Oil Type: Mineral Oil, Semi-synthetic Oil, Fully-synthetic Oil; Engine Type: Gasoline Engine, Diesel Engine, Alternative Engine] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

January, 2023 | Published by: Transparency Market Research Pvt. Ltd. | USD $5,795
India Automotive Plastics Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (India)

August, 2024 | Published by: Fairfield Market Research | USD $2,599
India Castor Oil & Derivatives Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (India)

September, 2024 | Published by: Fairfield Market Research | USD $2,599
India Organic Fertilizer Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (India)

January, 2024 | Published by: Fairfield Market Research | USD $4,995
Automotive Engine Oil Market Assessment, By Vehicle Type [Passenger Cars, Motorcycles, LCVs, Heavy Duty Trucks], By Product Type [Synthetic Engine Oil, Conventional Engine Oil, Synthetic Blend Oil, High-Mileage Engine Oil], By Engine Type [Diesel Engine, Gasoline Engine, Alternative Engine], By Grade Type [Mineral, Semi-Synthetic, Fully Synthetic], By Region, Opportunities and Forecast, 2017-2031F

July, 2024 | Published by: Market Xcel | USD $4,500
Automotive Engine Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

November, 2023 | Published by: Fairfield Market Research | USD $4,995

India Synthetic Automotive Engine Oil Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (India)