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PUBLISHER: IMARC | PRODUCT CODE: 1298846
PUBLISHER: IMARC | PRODUCT CODE: 1298846
Hydraulic Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global hydraulic fluids market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.52% during 2023-2028.
Hydraulic fluids refer to different forms of lubricants that act as mediums for transmitting power into hydraulic machinery components. Comprising of water and mineral oil, they are commonly available in bio-based, fire-resistant, and petroleum-based variants. Hydraulic fluids uses the force of non-compressing fluids present in different parts of the vehicle for heat transfer, lubrication, contamination removal, sealing and contamination control purposes. They are also widely incorporated in aircraft flight control systems, hydraulic brakes, excavators, power steering systems, garbage trucks, industrial machinery equipment and lifts. As compared to conventional turbine oil, hydraulic fluids exhibit improved stability at high temperature, higher filterability, thermal and oxidation stability, enhanced viscosity and compressibility, and better foam, wear and corrosion resistance
Hydraulic Fluids Market Trends:
The substantial growth in the automotive industry across the globe is creating a positive outlook for the market growth. Hydraulic fluids are widely used in different areas of the vehicle, including power steering systems, engine oil, gear oil, brakes, and clutches to create force, protect against erosion by chemical reaction, and reduce friction between components, thus assisting in enhancing the overall life cycle of the automobile. In line with this, hydraulic fluids are highly compatible with advanced automotive parts, which, in turn, helps in lowering vehicle emissions. Apart from this, various product innovations, such as the introduction of biodegradable hydraulic fluids that are ecologically responsive, non-toxic and environmentally friendly are providing an impetus to the market growth. Furthermore, the increasing product demand in heavy equipment, such as backhoes, diggers, truck loaders and bulldozers for civil engineering and construction projects, are positively impacting the market growth. Other factors, including rising industrialization, especially in developing regions, and the implementation of various government initiatives to promote the use of bio-based hydraulic fluids, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic fluids market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on base oil, point of sale and end user.
Breakup by Base Oil:
Synthetic Oil
Mineral Oil
Bio-based Oil
Breakup by Point of Sale:
Original Equipment Manufacturer (OEM)
Aftermarket
Breakup by End User:
Oil and Gas
Marine
Automotive
Aerospace and Defense
Construction
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, bp p.l.c., Chevron Corporation, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Croda International Plc, Dow Inc., Eastman Chemical Company, Exxon Mobil Corporation, Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Lukoil, Phillips 66 Company, Royal Dutch Shell plc and TotalEnergies SE.
Key Questions Answered in This Report:
- How has the global hydraulic fluids market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hydraulic fluids market?
- What are the key regional markets?
- What is the breakup of the market based on the base oil?
- What is the breakup of the market based on the point of sale?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hydraulic fluids market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5300
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hydraulic Fluids Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Base Oil
- 6.1 Synthetic Oil
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Mineral Oil
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Bio-based Oil
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Point of Sale
- 7.1 Original Equipment Manufacturer (OEM)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Aftermarket
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Marine
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Aerospace and Defense
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Construction
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 bp p.l.c.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Chevron Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 China National Petroleum Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 China Petroleum & Chemical Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Croda International Plc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Dow Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Eastman Chemical Company
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Exxon Mobil Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Fuchs Petrolub SE
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Idemitsu Kosan Co. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Lukoil
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Phillips 66 Company
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.14 Royal Dutch Shell plc
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.15 TotalEnergies SE
- 14.3.15.1 Company Overview
- 14.3.15.2 Product Portfolio
- 14.3.15.3 Financials
- 14.3.15.4 SWOT Analysis
- 14.3.1 BASF SE
Product Code: SR112023A5300
List of Figures
- Figure 1: Global: Hydraulic Fluids Market: Major Drivers and Challenges
- Figure 2: Global: Hydraulic Fluids Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Hydraulic Fluids Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Hydraulic Fluids Market: Breakup by Base Oil (in %), 2022
- Figure 5: Global: Hydraulic Fluids Market: Breakup by Point of Sale (in %), 2022
- Figure 6: Global: Hydraulic Fluids Market: Breakup by End User (in %), 2022
- Figure 7: Global: Hydraulic Fluids Market: Breakup by Region (in %), 2022
- Figure 8: Global: Hydraulic Fluids (Synthetic Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Hydraulic Fluids (Synthetic Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Hydraulic Fluids (Mineral Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Hydraulic Fluids (Mineral Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Hydraulic Fluids (Bio-based Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Hydraulic Fluids (Bio-based Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Hydraulic Fluids (Original Equipment Manufacturer-OEM) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Hydraulic Fluids (Original Equipment Manufacturer-OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Hydraulic Fluids (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Hydraulic Fluids (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Hydraulic Fluids (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Hydraulic Fluids (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Hydraulic Fluids (Marine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Hydraulic Fluids (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Hydraulic Fluids (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Hydraulic Fluids (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Hydraulic Fluids (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Hydraulic Fluids (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Hydraulic Fluids (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Hydraulic Fluids (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Hydraulic Fluids (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Hydraulic Fluids (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Hydraulic Fluids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Hydraulic Fluids Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Hydraulic Fluids Industry: SWOT Analysis
- Figure 80: Global: Hydraulic Fluids Industry: Value Chain Analysis
- Figure 81: Global: Hydraulic Fluids Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hydraulic Fluids Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Hydraulic Fluids Market Forecast: Breakup by Base Oil (in Million US$), 2023-2028
- Table 3: Global: Hydraulic Fluids Market Forecast: Breakup by Point of Sale (in Million US$), 2023-2028
- Table 4: Global: Hydraulic Fluids Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Hydraulic Fluids Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Hydraulic Fluids Market: Competitive Structure
- Table 7: Global: Hydraulic Fluids Market: Key Players
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