Lubricants are largely used in industries. Lubricants are substances that are used to reduce friction between surfaces. Different types of lubricants are used to improve the performance of machines and make the machines effective. Lubricants help to reduce the wear and tear of machines and equipments, they reduce the maintenance cost and help in the smooth functioning of the machine. Lubricants elongate the lifespan of the machines.
The Indian lubricant industry has recently opened up new markets. The strong growth in India’s energy, engineering, and automotive sectors is a boon for lubricant manufacturers. In the automotive sector, as consumers migrate to efficient vehicles and motorcycles, they use higher quality lubricants. As a result, multigrade lubricant products benefit. The automotive lubricants market in India is very expensive and the growth in volume has been slowed by long term lubricants.