Future Of Synthetic And Bio-Based Lubricants

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I am a seasoned professional with over 25 years of experience in both domestic and international markets, specializing in the petroleum and lubricants industry. I was the Senior Vice President (Lubes & Bitumen) at Lanka IOC, where I oversaw a USD 600 million company. Additionally, I served as the Chief General Manager - Lubes at Indian Oil Corporation Limited, where I managed the All-India Lubricants division.

My areas of experience include supply chain management, production management, sales and marketing, and international commerce in the Middle East and Southeast Asia. I currently assist companies in navigating market trends, creating strategies, and promoting company expansion as a consultant to the lubrication sector.

Q2. What are the key growth segments within synthetic and bio-based lubricants (e.g., automotive, industrial machinery, marine, aviation), and how are they projected to evolve between 2025 and 2030?

We are witnessing the increasing use of pure synthetic lubricants in the PCMO segment. Approximately 2 to 3 percent of the automotive market is based on PAO-based synthetic oils. The market may reach 5% by 2030 (expected). The growth…