According to ChemAnalyst report, “India Base Oil Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Process, Technology, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030",India Base Oil demand stood at 3.52 Billion Litres in FY2021 and is forecast to reach 6.09 Billion Litres by FY2030, growing at a healthy CAGR of 6.28% until FY2030. The growing automotive and industrial sector in the country has led to increased demand for Base Oils and lubricants. Base Oil demand is expected to increase with India adopting BS-VI emission norms from BS-IV causing several hardware changes to be introduced in the OEMs to cater to the new emission standards.
Years Considered for this Report:

Historical Years: FY2015– FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2030

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-base-oil-comprehensive-techno-commercial-market-8

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The objective of the Study:

• The primary objective of the study was to evaluate and forecast Base Oil capacity, production, demand, inventory, and the demand-supply gap in India.
• To categorize Base Oil demand based on end-use, grade, region, and sales channel.
• To study trade dynamics and company share in the India Base Oil market.
• To identify major customers of Base Oil in India.
• To evaluate and forecast Base Oil pricing by grade in the India Base Oil market.
• To identify and profile major companies operating in the India Base Oil market.
• To identify major news, deals, and expansion plans in the India Base Oil market.

Major players operating in the India Base Oil market include IOCL, BPCL, HPCL, Chennai Petroleum Corporation Limited, etc. In FY20, UAE's ADNOC signed a sales agreement with IOCL for Group III Base Oil sales in India taking into consideration the growth in Major players operating in the India Base Oil market includes IOCL, BPCL, HPCL, Chennai Petroleum Corporation Limited, etc. In FY20, UAE's ADNOC signed a sales agreement with IOCL for Group III Base Oil sales in India taking into consideration the growth in demand of finished lubricants market of India.

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