Albany, NY -- (SBWIRE) -- 10/07/2014 -- Petrochemicals market consists of petroleum-derived products from natural gas or crude oil which are widely used in the production of petrochemical derivates such as polyvinyl chloride, formaldehyde, epoxy resins, acetic acids, and others.

The global petrochemicals market according to product is segmented into methanol, ethylene, propylene, butadiene, and others. Eachsified according to its applications. Petrochemicals find their applications in industries such as agriculture, candle, detergent, synthetic shoes, food and beverages, plastic, non-stick pads, etc.

Petrochemicals research reports here provide an in-depth analysis on the geographic segmentation, competitive landscapes, company profiles, and the current and future market trends.

The global petrochemicals market is segmented into North America, China, Rest of Asia Pacific, China, Latin America, and Middle East and Africa. The demand for petrochemicals is gradually moving towards the East. Previously, the production of primary petrochemicals was dominated by United States and Europe, followed by Japan. Currently, China and Middle East are competing with these regions for dominance.

The report titled “Indian Automotive and Industrial Lubricants Market: Trends & Opportunities (2014-2019)” provides an insight into the lubricants sector in India with a special focus on sub-segments like automotive and industrial lubricants. The report also includes the production and consumption trend, market value, segmentation on various parameters and distribution structure of the Indian lubricants sector. It also discusses key growth drivers and major challenges faced by lubricants industry in India. Further, key manufacturers of lubricants like Castrol India, HPCL, Gulf Oil and Indian Oil are profiled in the report.

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Segments Coverage

Automotive Lubricants
Industrial Lubricants

Company Coverage

Castrol India Limited
Hindustan Petroleum Corporation Limited (HPCL)
Gulf Oil Corporation Limited (GOCL)
Indian Oil Corporation Limited (IOCL)

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India is the fifth largest lubricant market globally in volume terms behind the US, China, Russia and Japan. India is a net base oil deficit market and many additives used in lubricants are mostly imported. Volume consumption of lubricants in India has consistently declined over past few years as a result of improving lubricant and engine quality. In addition the year 2013 was accompanied by slower GDP growth rate and subdued industrial activity that also affected the industry margins.

The lubricants usage can be divided in two key segments – Automotive and Industrial. The demand for automotive lubricants in India is driven by growth in vehicle population and the consumption of industrial lubricants is highly correlated with Index of Industrial Production (IIP). Automotive lubricants typically are higher margin products compared to industrial lubricants. Majority of automotive lubricants demand is derived from commercial vehicles (CVs) and tractors, largely dominated by diesel engines. Process oils are the biggest contributor within industrial lubes.

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