Oil And Lubes: "By the end of this decade, the lubricant supply chain in the country will be further strengthened with an increased domestic supply of base oils due to new capacity additions by national oil companies," Milind Phadke, Vice President, Kline & Co was quoted as saying in a statement.
India Business News: CHENNAI: India is a bright spot in the global lubricants market thanks to forecasts for significant growth, according to the latest research findings .
According to Kline’s ‘Global Lubricants 2022: Market Analysis and Assessment’s report, India’s lubricant market will grow at a CAGR of 3% through 2027. Among the top five major lubricants-consuming countries, India is the only one with strong lubricant demand growth potential. In contrast, other markets such as the United States, China, Japan, and Russia are likely to witness a decline or slowdown in lubricant demand growth.
Bulk carriers, boxships, cruise vessels and workboats all have one thing in common: They require reliable propulsion to get from port to port. Regardl.