Bharat Petroleum Corporation Limited, Chevron Corporation, Indian Oil Corporation Ltd.,are Dominating the Indiathermic Fluids Market in 2019

India Thermic Fluids Market is expected to grow with the CAGR of 11.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Indiathermic fluids market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in Indiathermic fluids market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio.

Bharat Petroleum Corporation Limited is the dominating player in India thermic fluids market.The other key players existing in the market includesChevron Corporation, Indian Oil Corporation Limited, Exxon Mobil Corporation HP Lubricants., Dow, Eastman Chemical Company, Huntsman International LLC, Paras Lubricants Ltd, and Thermotech Systems Ltd.

Bharat Petroleum CorporationBharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited is headquarteredinMaharashtra, India.The company is engaged in manufacturing of fuels and services, bharatgas, MAK lubricants, aviation services, refineries, gas, industrial and commercial, bharatpetroresources limited (BPRL), international trade, proficiency testing, pipelines, bpcl group among which MAK lubricants is our market focused categories.The company has presence in India only. The company also generates revenue through its subsidiaries such as BPCL Kochi Refinery(India), Bharat Oman Refinery Limited(India), Bharat Petroleum Refinery Ltd(India), and Bharat Shell Limited(India) among others.

For Instance,

  • In January 2019, Bharat Petroleum Corporation Limited launched their new    petrochemical complex at Kochi Refinery. Through the refinery launch, the company aims to expand their product portfolio and to fulfil the growing oil and fluids demand of its customers

Chevron Corporation

Chevron Corporation headquartered in California, U.S. which was founded in 1879.The company is engaged in manufacturing of aviation, chemicals, fuels, lubricants, marine, base oils & process oils among which marine is our market focused category. The company offers its product in different categories aviation, chemicals, fuels, lubricants, marine, base oils & process oils.In which our market focused category is marine.

The company has wide presence in Asia-Pacific, Europe, Middle East or Caspian, Africa and Americas. The company also generates revenue through its subsidiaries such asChevron Neftegaz, Inc. (Russia), Chevron Korea (South Korea), Chevron Latin America (Venezuela), Chevron (Cambodia) Limited.,(Cambodia), and Chevron Hong Kong Limited (Hong Kong) among others.

For Instance,

  • In April 2019, Chevron Corporation was acquired Anadarko Petroleum Corporation by investing a huge sum of USD 33 billion. Through this acquisition the company aims to enhance the upstream portfolio and further strengthen the footprint of deep water and natural gas resource basins.

Indian Oil Corporation Ltd

Indian Oil Corporation Ltdhas headquartered in Delhi, India. The company is engaged in manufacturing and distribution of industrial ends markets and consumer such as footwear, clothing, construction, transportation, energy & fuels and home life.  The company offers its product in different categories such as Indian oil for motorists, Indian oil for households, Indian oil for business, Indian oil for business partners, Indian oil for supplier, Indian oil for society, Indian oil for investors, Indian oil overseas, Indian oil for environment.

The company is having a wide geographical presence at Europe, Americas, and Asia-Pacific. The company also generates revenue through its subsidiaries such asIOCL Singapore Pte. Ltd(Singapore), IOC Middle East FZE (Middle East), and Urja Bharat Pte Limited(India) among others.

For instance,

  • In April 2018, Indian Oil Corporation Ltd   acquired 100 per cent equity stake of  Shell Exploration and Production Oman Ltd at the high investment of USD 329.00 million. Through this acquisition the company aims to enhance upstream product portfolio and also to expand their footprint in Middle East.