Opting for energy-efficient lubricants is one way to manage environmental impact and enable energy-efficiency gains.
Manufacturing in heavy industries has seen some tough times of late. With the emergence of the pandemic, the heavy industries continue to witness many hurdles, especially in terms of logistics and manpower. However, with the vaccination drives in process across the country, industry leaders are now looking forward to better statistics in the days to come.
Expressing his invaluable insights on the existing and upcoming trends of the Indian industrial market, Mr. Rupinder Paintal, Director (Market Development) at ExxonMobil Lubricants Pvt. Ltd., shared an exclusive interview with Pro MFG Media.
India is an evolving industrial market: How do you see the current market for ExxonMobil Lubricants Private Limited (EMLPL) in India?
The industrial sector was impacted significantly due to the COVID-19 pandemic. Now, with vaccinations speeding up, business finally seems to be reviving. India continues to be the third-largest lubricant market and the demand in the country is expected to increase 2.9% annually to reach nearly 3.2 million metric tons by 2024. This is among the fastest rates of growth among major lubricant markets. At the same time, the lubricant industry is gearing to cater to new technology demands that can succeed in a market increasingly aligned to customer specialty products. We at ExxonMobil are powering this transformation by introducing superior world-class lubricants that have been developed through decades of global expertise and promise to deliver significantly improved productivity and cost savings.
How has the Indian metalworking fluids market performed so far and how will it perform in the coming years?
The metalworking fluids (MWF) market size is forecast to exceed USD 15 billion by 2025, according to a research report by Global Market Insights Inc. India, especially, is emerging as a regional hub that is contributing to the growth of the segment. Finding applications across a range of industries, MWFs play a key role in maintaining machine performance. The government’s flagship initiatives like ‘Make in India’ or Aatmanirbhar Bharat are providing conducive ground to the manufacturing industry and MWFs, consequently, are riding a favorable current.
The auto sector is the prime driver of this growth in India. Disruptive technology and consistent advancements in process improvement and component modifications have positively influenced the traditional automobile sector. Another prime growth driver for the MWF market will be the general manufacturing industry, which has witnessed some excellent growth numbers, especially in Asia Pacific and Latin America over the last decade.
How is EMLPL adding value to industrial energy efficiency ambitions?
The global energy demand is expected to rise by 20% by 2040, driven predominantly by China and India. However, this surging demand has created a challenge in ensuring access to affordable, reliable and cleaner solutions that minimize environmental impacts. Now, consumers need to reduce their environmental impact by switching to less carbon-intensive solutions.
For this, opting for energy-efficient lubricants is one way to manage environmental impact and enable energy-efficiency gains. As a key industry player, MobilTM offers a range of lubrication solutions and services with the three-dimensional view that supplementing energy efficiency in industrial operations can enhance industrial productivity, maintain safe operating environments and minimize environmental footprint. As per a CII report, our products such as Mobil SHCTM 600 Series and Mobil DTETM 10 Excel help industries achieve energy-efficiency goals with reduced electrical energy and lubricant consumption, and improved operating temperature. We also work closely with OEMs to explore how synthetic lubricants can maximize energy efficiency. The study helps in reducing power-related costs, slashing carbon footprint and extending oil life.
What would be EMLPL’s focus going forward?
The Indian market is poised for an upsurge aided by many growth sectors that could drive the economy towards its $5tn dream. In pursuing growth, these industries will also require maintenance and care that can increase operational efficiency without compromising output. For ExxonMobil, this is a promising scenario. Our combined experience in developing cutting-edge lubricants and providing reliable customer service finds competitive advantage here. With a wide range of hydraulics, greases, industrial lubricants, engine oils, among others – we are ready to complement India’s growth journey with strong product technology and services.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and references to “corporation”, “company”, “ExxonMobil”, “EM”, and other similar terms are used for convenience and may refer to one or more specific affiliates or affiliate groups.
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