| Product Code: ETC11686734 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
India`s cutting oils import shipments in 2024 saw a significant shift in the top exporting countries, with Thailand, Germany, Netherlands, UAE, and Italy emerging as key players. The market experienced a rise in concentration levels from high to very high in just one year, indicating a more consolidated supplier base. However, the industry faced challenges with a negative CAGR of -9.4% from 2020 to 2024 and a sharp decline in growth rate of -37.62% from 2023 to 2024, highlighting a turbulent period for the cutting oils import market in India.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cutting Oils Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cutting Oils Market Revenues & Volume, 2021 & 2031F |
3.3 India Cutting Oils Market - Industry Life Cycle |
3.4 India Cutting Oils Market - Porter's Five Forces |
3.5 India Cutting Oils Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Cutting Oils Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 India Cutting Oils Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 India Cutting Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cutting Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and manufacturing activities in India leading to higher demand for cutting oils. |
4.2.2 Growing automotive and aerospace sectors in India driving the need for cutting oils. |
4.2.3 Technological advancements in cutting oil formulations leading to improved performance and efficiency. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for cutting oils. |
4.3.2 Stringent environmental regulations regarding the disposal and usage of cutting oils. |
4.3.3 Competition from alternative metalworking fluids like synthetic fluids impacting the market for cutting oils. |
5 India Cutting Oils Market Trends |
6 India Cutting Oils Market, By Types |
6.1 India Cutting Oils Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Cutting Oils Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Cutting Oils Market Revenues & Volume, By Neat Cutting Oils, 2021 - 2031F |
6.1.4 India Cutting Oils Market Revenues & Volume, By Water Soluble Cutting Oils, 2021 - 2031F |
6.1.5 India Cutting Oils Market Revenues & Volume, By Semi Synthetic Oils, 2021 - 2031F |
6.1.6 India Cutting Oils Market Revenues & Volume, By Straight Oils, 2021 - 2031F |
6.2 India Cutting Oils Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 India Cutting Oils Market Revenues & Volume, By Mineral Based Technology, 2021 - 2031F |
6.2.3 India Cutting Oils Market Revenues & Volume, By Synthetic Based Technology, 2021 - 2031F |
6.2.4 India Cutting Oils Market Revenues & Volume, By Bio Based Technology, 2021 - 2031F |
6.2.5 India Cutting Oils Market Revenues & Volume, By Emulsified Oil Technology, 2021 - 2031F |
6.3 India Cutting Oils Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Cutting Oils Market Revenues & Volume, By Metalworking Industries, 2021 - 2031F |
6.3.3 India Cutting Oils Market Revenues & Volume, By Automotive Manufacturers, 2021 - 2031F |
6.3.4 India Cutting Oils Market Revenues & Volume, By Aerospace Industry, 2021 - 2031F |
6.3.5 India Cutting Oils Market Revenues & Volume, By Heavy Machinery Manufacturers, 2021 - 2031F |
6.4 India Cutting Oils Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Cutting Oils Market Revenues & Volume, By Precision Machining, 2021 - 2031F |
6.4.3 India Cutting Oils Market Revenues & Volume, By Engine Component Manufacturing, 2021 - 2031F |
6.4.4 India Cutting Oils Market Revenues & Volume, By Aircraft Part Fabrication, 2021 - 2031F |
6.4.5 India Cutting Oils Market Revenues & Volume, By Lubrication for Heavy Duty Cutting Processes, 2021 - 2031F |
7 India Cutting Oils Market Import-Export Trade Statistics |
7.1 India Cutting Oils Market Export to Major Countries |
7.2 India Cutting Oils Market Imports from Major Countries |
8 India Cutting Oils Market Key Performance Indicators |
8.1 Adoption rate of advanced cutting oil formulations by industries. |
8.2 Percentage of industrial machinery using cutting oils for maintenance and lubrication. |
8.3 Number of research and development initiatives focused on improving cutting oil efficiency and sustainability. |
9 India Cutting Oils Market - Opportunity Assessment |
9.1 India Cutting Oils Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Cutting Oils Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 India Cutting Oils Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 India Cutting Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cutting Oils Market - Competitive Landscape |
10.1 India Cutting Oils Market Revenue Share, By Companies, 2024 |
10.2 India Cutting Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
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