The oil & lubes business was one of the many industries that benefited with the opening of the Indian economy. The market witnessed resurgence as restrictions lifted on the import of base oils, additives and finished lubricants.
The cumulative average growth rate (CAGR) over the past five years has been pegged at
1.5%. While this growth may appear to be modest compared to other categories, it’s
more to do with the improved performance of oils and lubes.
With the automobile sector displaying encouraging growth, the lubricant market, too is buoyant. However increased competition and a volatile international market have strained the margins… Automotive lubricants constitute 65% of the total finished lube market (Source: internal data). Of this, the commercial vehicle segment accounts for half of the volume while the passenger car segment – the image builder for lubricant brands – constitutes a mere 7%. The two-wheeler segment, witnessing explosive growth, constitutes about 25%. Agriculture equipment’s, stationary engines and other miscellaneous applications account for the balance 18% of the marke..
Revolt chemicals companies are major suppliers of bulk petrochemicals to large industrial customers. In this section you will find essential information on how to do business with us.