PUBLISHER: Grand View Research | PRODUCT CODE: 1941961
PUBLISHER: Grand View Research | PRODUCT CODE: 1941961
The global hydraulic fluids market size was estimated at USD 9,351.8 million in 2025 and is expected to reach USD 14,481.6 million by 2033, growing at a CAGR of 5.7% from 2026 to 2033. The increasing demand for hydraulic fluids across construction, manufacturing, mining, and agricultural equipment is driving market growth.
Rising industrial automation, expanding infrastructure development activities, growing equipment replacement cycles, and ongoing product innovation in high-performance and environmentally acceptable hydraulic fluids are contributing to the market's steady expansion.
Hydraulic fluids are specialized industrial fluids designed to transmit power, lubricate components, and protect hydraulic systems from wear, corrosion, and thermal degradation. Hydraulic fluids are primarily formulated using mineral oil, synthetic, or bio-based base stocks and are widely used across construction machinery, industrial equipment, agricultural machinery, and mining applications. The rising demand for hydraulic fluids is largely driven by increasing industrialization, infrastructure development, and equipment modernization, along with advancements in fluid formulations that enhance performance, efficiency, and equipment life.
According to industry and manufacturing-focused sources, the growing adoption of automation and heavy machinery across industrial sectors is supporting hydraulic fluid consumption. Rising investments in construction and infrastructure projects, coupled with increasing focus on operational efficiency, equipment reliability, and compliance with environmental regulations, continue to encourage the use of high-performance hydraulic fluids, further strengthening demand across global markets.
Global Hydraulic Fluids Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global hydraulic fluids market report based on product, end use and region.