India Base Oil Market Growth: Drivers, Challenges, and Opportunities
Introduction
The India Base Oil Market is poised for steady growth, projected to expand at a CAGR of 3.74% through 2030, driven by industrialization, infrastructure development, and rising demand for high-performance lubricants. According to a TechSci Research report, the market reached a volume of 3.59 billion liters in 2024, with metalworking fluids and South India emerging as key growth segments.