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Hydraulic Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global hydraulic fluids market reached a value of US$ 8.69 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.99 Billion by 2027, exhibiting a CAGR of 6.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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. 

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on base oil, point of sale and end user.

Breakup by Base Oil:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Base Oil, Point of Sale, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

List of Figures

Figure 1: Global: Hydraulic Fluids Market: Major Drivers and Challenges
Figure 2: Global: Hydraulic Fluids Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hydraulic Fluids Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hydraulic Fluids Market: Breakup by Base Oil (in %), 2021
Figure 5: Global: Hydraulic Fluids Market: Breakup by Point of Sale (in %), 2021
Figure 6: Global: Hydraulic Fluids Market: Breakup by End User (in %), 2021
Figure 7: Global: Hydraulic Fluids Market: Breakup by Region (in %), 2021
Figure 8: Global: Hydraulic Fluids (Synthetic Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Hydraulic Fluids (Synthetic Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Hydraulic Fluids (Mineral Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Hydraulic Fluids (Mineral Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Hydraulic Fluids (Bio-based Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Hydraulic Fluids (Bio-based Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Hydraulic Fluids (Original Equipment Manufacturer-OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Hydraulic Fluids (Original Equipment Manufacturer-OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Hydraulic Fluids (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Hydraulic Fluids (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Hydraulic Fluids (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Hydraulic Fluids (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Hydraulic Fluids (Marine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Hydraulic Fluids (Marine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Hydraulic Fluids (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Hydraulic Fluids (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Hydraulic Fluids (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Hydraulic Fluids (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Hydraulic Fluids (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Hydraulic Fluids (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Hydraulic Fluids (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Hydraulic Fluids (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Hydraulic Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Hydraulic Fluids Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Hydraulic Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2026
Table 2: Global: Hydraulic Fluids Market Forecast: Breakup by Base Oil (in Million US$), 2022-2027
Table 3: Global: Hydraulic Fluids Market Forecast: Breakup by Point of Sale (in Million US$), 2022-2027
Table 4: Global: Hydraulic Fluids Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Hydraulic Fluids Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Hydraulic Fluids Market: Competitive Structure
Table 7: Global: Hydraulic Fluids Market: Key Players


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