PUBLISHER: The Business Research Company | PRODUCT CODE: 1929058
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929058
Hydraulic fluid serves as a liquid medium to transfer power within hydraulic systems, facilitating lubrication, energy transmission, and sealing functions in machinery. These fluids, commonly formulated from mineral oil or water, incorporate additives aimed at optimizing performance and safeguarding system components.
The principal categories of hydraulic fluid encompass mineral oil, synthetic oil, and bio-based oil. Mineral oil, a clear and odorless liquid derived from petroleum, predominantly consists of hydrocarbons. It finds extensive application across diverse industrial sectors as a coolant and lubricant. The supply chain involves original equipment manufacturers (OEM) and aftermarket services, catering to end-users in sectors such as oil and gas, marine, automotive, aerospace and defense, construction, among others.
Tariffs have impacted the hydraulic fluid market by increasing costs of imported base oils, additives, and specialty chemicals used in fluid formulation. Higher duties have affected synthetic and bio based hydraulic fluids, particularly in regions dependent on imported raw materials such as Asia Pacific. Industrial and automotive end users face increased operating and maintenance costs. At the same time, tariffs are encouraging domestic refining, local additive production, and long term supply chain resilience.
The hydraulic fluid market research report is one of a series of new reports from The Business Research Company that provides hydraulic fluid market statistics, including hydraulic fluid industry global market size, regional shares, competitors with a hydraulic fluid market share, detailed hydraulic fluid market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic fluid industry. This hydraulic fluid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydraulic fluid market size has grown strongly in recent years. It will grow from $9.09 billion in 2025 to $9.57 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in industrial machinery usage, expansion of construction activities, reliance on hydraulic systems, availability of mineral oil based fluids, growth in automotive production.
The hydraulic fluid market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to automation in manufacturing, demand for environmentally friendly fluids, growth in electric vehicles, stricter emission regulations, advancements in additive technology. Major trends in the forecast period include growing adoption of bio based hydraulic fluids, rising demand for high performance synthetic fluids, increased use in automated industrial machinery, expansion of aftermarket fluid replacement, focus on extended fluid life and efficiency.
The growth of the hydraulic fluid market is anticipated to be driven by the increasing industrialization. This term refers to the process of economic and social transformation characterized by widespread adoption of industrial methods of production and organization. Advancements in technology, automation, and global demand for manufactured goods are fueling industrialization, resulting in enhanced productivity and economic growth across various regions. Hydraulic fluid plays a crucial role in industrialization by powering machinery and equipment through force transmission and lubrication, ensuring efficient and reliable operation in diverse applications. For example, according to Eurostat, a Luxembourg-based government statistical agency, industrial production in the European area rose by 0.2% in July 2023 compared to April 2023, indicating the impact of increasing industrialization on the hydraulic fluid market.
Major companies in the hydraulic fluid market are focusing on developing advanced environmentally compliant hydraulic fluid solutions to improve sustainability and performance in sensitive applications. These solutions are designed to meet strict regulatory and OEM requirements while minimizing ecological impact in industries such as mining, forestry, marine, and construction. For example, in October 2025, Lubrizol Corporation, a U.S.-based specialty chemical company, launched a zinc-free additive package featuring hydraulic fluid technology that delivers robust performance through innovative chemistry and meets a wide range of OEM specifications. The additive provides durable anti-wear protection, reduces downtime, extends equipment life, and lowers total cost of ownership. It also lengthens oil drain intervals through advanced oxidation resistance and thermal stability, improves hydraulic precision with enhanced air release and foam control, and offers formulation flexibility compatible with many Group II base oils.
In December 2023, Bosch Rexroth AG, a Germany-based engineering company, collaborated with TotalEnergies SE to develop sustainable alternatives to traditional mineral oil-based hydraulic fluids. This partnership focuses on creating biodegradable, fire-resistant water-based hydraulic fluids that offer environmental benefits while delivering performance similar to conventional fluids. TotalEnergies SE, a France-based energy and petroleum company, is a provider of hydraulic fluid participating in this initiative.
Major companies operating in the hydraulic fluid market are Sinopec Corporation, Exxon Mobil Corporation, Shell Plc, TotalEnergies SE, BP Plc, Chevron Corporation, The Phillips 66 Company, ENI S.p.A., Reliance Industries Limited, Repsol S.A., BASF SE, Idemitsu Kosan Co. Ltd., SK Lubricants Co. Ltd., Dow Inc., Lukoil Oil Co., Caltex Australia Limited, Croda International Plc, FUCHS SE, Ashland Global Holdings Inc., Castrol Limited, Quaker Chemical Corp., Valvoline Inc., Gulf Oil Corporation Limited, Gazpromneft Lubricants Ltd.
Asia-Pacific was the largest region in the hydraulic fluid market in 2025. The regions covered in the hydraulic fluid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydraulic fluid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The hydraulic fluid market consists of sales of fire-resistant fluids, antiwear fluids, and high-performance fluids. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydraulic Fluid Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses hydraulic fluid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydraulic fluid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hydraulic fluid market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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