India Industrial Lubricants Market on Track to Reach USD 2.9 Billion by 2033, Growing at 4% CAGR
According to Future Market Insights (FMI), India industrial lubricants market size is expected to increase from USD 1,954.2 million in 2023 to USD 2,907.2 million by 2033. Over the next decade (2023 to 2033), sales of industrial lubricants in India are projected to rise at 4.0% CAGR. Rapid penetration of industrialization along with growing focus on protecting heavy machinery from wear and tear is a key factor driving India market.
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