Hydraulic Fluids Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Point of Sale (OEM, Aftermarket), End-Use Industry (Construction, Metal & Mining, Power Generation, Oil & Gas, Transportation), Region - Global Forecast to 2027
Updated on : March 08, 2023
Hydraulic Fluids Market
The global hydraulic fluids market was valued at USD 8.2 billion in 2022 and is projected to reach USD 9.6 billion by 2027, growing at a cagr 3.2% from 2022 to 2027. Growing infrastructure projects, an increase in the demand for material-handling equipment, a preference for more sophisticated agricultural tools, and increased knowledge of the advantages of hydraulic equipment in various industries are increasing demand for hydraulic fluids and propelling market expansion. Furthermore, for functions like heat transfer, contaminant removal, sealing, and lubrication, hydraulic fluids are widely employed. Some of the machinery that uses hydraulic fluids includes excavators, garbage trucks, lifts, aeroplane flight control systems, and industrial machines.
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Hydraulic Fluids Market Dynamics
Driver: Increased use of hydraulic fluids in various end-use industry
The market for hydraulic fluids is growing as a result of the rising usage of hydraulic equipment in a number of different sectors, including the construction and automobile industries. Hydraulic systems are widely used in difficult applications since they are designed to work under high temperatures, high pressures, and other complex settings, which supports market growth. The market is expanding as a result of the growing usage of hydraulic fluid to reduce component wear and tear, shield internal systems from corrosion, and prevent external surroundings from erosion.
Restraint: Shift towards electric vehicles
Electrification of industrial equipements and vehicles is a major restraint to the market growth. Rapid shift of consumer preference towards electric vehicles can negatively impact the market growth. Due to rising awareness towards environmental impact, consumers are rapidly shifting their preferences from fossil fuels to renewable energy sources. In addition, in various regions, government has posed stringent vehicles emission norms. This has prompted manufacturers to significantly reduce the overall vehicle weight by reducing the use of heavy mechanisms, components and materials.
Opportunity: Rising awareness towards bio-based oils
Rising consumer awareness towards harmful impacts of lubricants and hydraulic fluids is influencing the market growth for bio-based oils. Moreover, stringent government regulations is forcing manufacturers to opt for environment friendly solutions. Bio-based hydraulic fluids are specifically manufactured adhering to the specifications and standards with limited or no environmental impact. Bio-based hydraulic fluids is now compatible for many end-use industries like construction, metal & mining and marine.
“Synthetic oil segment to witness the fastest growth in global hydraulic fluids market, in terms of value, during the forecast period”
Synthetic oil is projected to grow at highest CAGR during the forecast period, both in terms of value and volume. This is due to its superior performance as compared to mineral oil. However, high cost of synthetic oil limits its market share in global hydraulic fluids market, specially in price sensitive regions.
“Aftermarket segment is projected to be the largest point of sale segment, in terms of value, during the forecast period”
On the basis of point of sale, aftermarket dominated the global hydraulic fluids market, in terms of value and volume, in 2021. Aftermarket accounts the consumption of hydraulic fluids after the first fill. Many equipment used in industries like construction, metal & mining, oil & gas and others have a long lifespan. Thus, consumption of hydraulic fluids increases with longer lifespan for aftermarket segment.
“Asia Pacific to account for the largest share of the global hydraulic fluids market, in terms of value, during the forecast period”
In terms of volume and value, Asia Pacific is projected to hold the largest share of the global hydraulic fluids market throughout the forecast period. Due to the rapid industrialization of nations like China and India, the Asia Pacific region accounts for a large market share of the hydraulic fluids market. The market for hydraulic fluids is being driven by an increase in construction activities as a result of the increased need for residential area for the growing population. The need for hydraulic oils is rising as a result of the use of hydraulic machinery for the accuracy and optimization of construction operations, which is fueling market growth.
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Hydraulic Fluids Market Players
The key market players profiled in the report include Shell plc. (Netherlands), ExxonMobil Corporation (U.S.), BP p.l.c. (U.K.), Chevron Corporation (U.S.), PetroChina Company Limited (China), TotalEnergies SE. (France), Sinopec Corp (China), ENEOS Holdings, Inc. (Japan), Idemitsu Kosan Co., Ltd. (Japan), and Fuchs Petrolub AG (Germany).
Hydraulic Fluids Market Report Scope
|
Report Metric |
Details |
|
Years considered for the study |
2016-2027 |
|
Base Year Considered |
2021 |
|
Forecast period |
2022–2027 |
|
Units considered |
Value (USD Million/USD Billion), Volume (Kiloton) |
|
Segments covered |
Base oil, Point of Sale, End-Use Industry, and Region |
|
Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies profiled |
Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), BP PLC (U.K.), Chevron Corporation (U.S.), Total S.A. (France), Petrochina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (U.S.), Petronas (Malaysia), Pertamina (Indonesia) and others. |
This report categorizes the global hydraulic fluids market based on base oil, product type, end-use industry, and region.
Based on base oil:
- Mineral Oil
-
Synthetic Oil
- PAO
- PAG
- Esters
- Group III (Hydrocracking)
- Bio-based Oil
Based on Point of Sale:
- OEM
- Aftermarket
Based on the End-Use Industry:
- Construction
- Metal & Mining
- Agriculture
- Oil & Gas
- Transportation
- Cement Production
- Food Processing
- Power Generation
- Others
Based on the region:
- Asia Pacific
- North America
- Europe
- Middle East & Arica
- South America
Recent Development
- In December 2021, TotalEnergies Marketing & Services Australia announced a partnership with Mitsubishi Motors Australia Limited to launch the latest Mitsubishi Genuine Oil Program. The partnership is based on common goals and provides integrated solutions focusing on innovation, advanced technology, sustainability, and customer experience.
- In August 2021, BASF and Sinopec expanded their integrated base operated by the two companies 50-50 joint venture BASF-YPC Co., Ltd. in Nanjing, China. This includes capacity expansion at several downstream chemical plants, including a new t-butyl acrylate plant, to support the growing Chinese market.
- In September 2020, ENEOS Corporation declared that it had reached a conclusion with PetroChina International (Japan) Co., Ltd., a wholly-owned subsidiary of PetroChina International Co., Ltd., to transfer the petroleum refinery operations operated by the ENEOS/PCJP joint venture Osaka International Refining Company, Limited from the current Osaka refinery to the Chiba refinery in December 2020 and keep the partnership in OIREC going.
- In Nevember 2019, Total Lubrifiants announced the launch of ECO2, a new range of industrial hydraulic fluids from the circular economy. The ECO2 range includes AZOLLA ECO2 46 and EQUIVIS ECO2 46. These products are currently available in Europe
Frequently Asked Questions (FAQ):
What is hydraulic fluid?
Hydraulic fluid is a liquid used in hydraulic systems that transmits power and helps to lubricate moving parts. It is typically composed of a mixture of mineral oil and water, and may also contain anti-corrosion and anti-wear additives.
What are the major developments impacting the market?
The demand for bio-based hydraulic fluids is expected to shift market trends for hydraulic fluids
Who are major players in hydraulic fluids market?
The key market players are Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), Petrochina Company Limited (China) and TotalEnergies SE (France)
What is the emerging end-use industry of hydraulic fluids?
Food processing industry is the emerging end-use industry for hydraulic fluids market during the forecast period
What are the major factors restraining market growth during the forecast period?
Shift towards electric vehicles is the major restraint for hydraulic fluids market growth
What are the various strategies key players are focusing within hydraulic fluids market?
Key players are majorly focused on partnering and acquiring local or regional players within the market, in order to attract larger market share globally. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 38)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 HYDRAULIC FLUIDS MARKET: INCLUSIONS & EXCLUSIONS
1.2.2 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS, BY POINT OF SALE
1.2.3 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS, BY BASE OIL
1.2.4 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS, BY END-USE INDUSTRY
1.3 MARKET SCOPE
FIGURE 1 HYDRAULIC FLUIDS: MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 44)
2.1 RESEARCH DATA
FIGURE 2 HYDRAULIC FLUIDS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews – demand and supply sides
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE OF COMPANIES
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): PRODUCTS SOLD
2.3 DATA TRIANGULATION
FIGURE 6 HYDRAULIC FLUIDS MARKET: DATA TRIANGULATION
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
2.4.1 SUPPLY SIDE
FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
2.4.2 DEMAND SIDE
FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.5 FACTOR ANALYSIS
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
TABLE 1 HYDRAULIC FLUIDS MARKET: RISK ASSESSMENT
2.8 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 54)
FIGURE 9 AFTERMARKET SEGMENT TO DOMINATE HYDRAULIC FLUIDS MARKET
FIGURE 10 SYNTHETIC OIL TO BE FASTEST-GROWING BASE OIL SEGMENT
FIGURE 11 CONSTRUCTION TO BE LEADING END-USE INDUSTRY OF HYDRAULIC FLUIDS MARKET
FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
4 PREMIUM INSIGHTS (Page No. - 57)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDRAULIC FLUIDS MARKET
FIGURE 13 STEADY GROWTH IN HYDRAULIC FLUIDS MARKET DURING FORECAST PERIOD
4.2 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY BASE OIL AND COUNTRY
FIGURE 14 CHINA LED ASIA PACIFIC HYDRAULIC FLUIDS MARKET IN 2021
4.3 HYDRAULIC FLUIDS MARKET, BY REGION
FIGURE 15 ASIA PACIFIC TO BE LARGEST MARKET FOR HYDRAULIC FLUIDS DURING FORECAST PERIOD
4.4 HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY AND REGION, 2021
FIGURE 16 CONSTRUCTION ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
4.5 HYDRAULIC FLUIDS MARKET ATTRACTIVENESS
FIGURE 17 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 61)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HYDRAULIC FLUIDS MARKET
5.2.1 DRIVERS
5.2.1.1 Massive industrial growth in Asia Pacific and Middle East & Africa
TABLE 2 INDUSTRIAL GROWTH RATE OF COUNTRIES IN ASIA PACIFIC, 2021
5.2.1.2 Improved quality of hydraulic fluids
5.2.1.3 Growing automotive industry in Asia Pacific
TABLE 3 TOP FIVE MOTOR VEHICLE PRODUCERS IN ASIA PACIFIC, 2021
5.2.1.4 Increasing demand from marine application
5.2.1.5 Expansion of refinery capacities driving market for Group II and Group III base oil
5.2.1.6 Growing demand for processed food
5.2.2 RESTRAINTS
5.2.2.1 Shift to synthetic oil causing shrink in overall demand for hydraulic fluids
5.2.2.2 High cost of synthetic & bio-based hydraulic fluids and stringent environmental regulations
5.2.2.3 Technological advancements in automotive and equipment machine designs
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for bio-based hydraulic fluids
5.2.3.2 Rising usage in mining, construction, and agriculture industries
5.2.3.3 Availability of semi-synthetic hydraulic fluids
5.2.3.4 Availability of zinc-free (ashless) hydraulic fluids
5.2.3.5 Demand for renewable energy to positively impact hydraulic fluids market
5.2.4 CHALLENGES
5.2.4.1 Volatile crude oil prices
TABLE 4 CRUDE OIL PRICE FORECAST
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 19 HYDRAULIC FLUIDS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 5 HYDRAULIC FLUIDS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 6 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2020–2027 (USD BILLION)
6 INDUSTRY TRENDS (Page No. - 72)
6.1 SUPPLY CHAIN ANALYSIS
FIGURE 20 HYDRAULIC FLUIDS MARKET: SUPPLY CHAIN
6.1.1 RAW MATERIALS
6.1.2 MANUFACTURING OF HYDRAULIC FLUIDS
6.1.3 DISTRIBUTION TO END USERS
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.2.1 REVENUE SHIFT & REVENUE POCKETS FOR HYDRAULIC FLUIDS
FIGURE 21 HYDRAULIC FLUIDS MARKET: FUTURE REVENUE MIX
6.3 CONNECTED MARKETS: ECOSYSTEM
FIGURE 22 HYDRAULIC FLUIDS MARKET: ECOSYSTEM
TABLE 7 HYDRAULIC FLUIDS MARKET: SUPPLY CHAIN
6.4 TECHNOLOGY ANALYSIS
6.4.1 USE OF ESTERS IN HYDRAULIC FLUIDS
6.4.2 CENTRAL HYDRAULIC FLUIDS TECHNOLOGY
6.4.3 RE-REFINING TECHNOLOGY
6.4.4 SO2 SCRUBBING SYSTEM TECHNOLOGY
6.4.5 NANOTECHNOLOGY IN LUBRICANTS
6.5 CASE STUDY ANALYSIS
6.5.1 CASE STUDY TO REDUCE OPERATING COSTS OF INJECTION MOLDING MACHINE USING HYDRAULIC FLUIDS
6.5.2 CASE STUDY TO UPGRADE PERFORMANCE POTENTIAL OF INJECTION MOLDING MACHINES USING HYDRAULIC FLUIDS
6.5.3 CASE STUDY ON ENERGY SAVING BY USING HYDRO-CRACKED BASE OIL FOR HYDRAULIC OILS
6.6 KEY STAKEHOLDERS AND BUYING CRITERIA
6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
6.6.2 BUYING CRITERIA
FIGURE 24 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 9 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
6.7 HYDRAULIC FLUIDS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
FIGURE 25 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
TABLE 10 HYDRAULIC FLUIDS MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
6.7.1 NON-COVID-19 SCENARIO
6.7.2 OPTIMISTIC SCENARIO
6.7.3 PESSIMISTIC SCENARIO
6.7.4 REALISTIC SCENARIO
6.8 PRICING ANALYSIS
6.8.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY END-USE INDUSTRY
FIGURE 26 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE BASE OIL
TABLE 11 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE BASE OIL (USD/KG)
6.8.2 AVERAGE SELLING PRICE, BY REGION
FIGURE 27 AVERAGE SELLING PRICES OF HYDRAULIC FLUIDS, BY REGION, 2020–2027
TABLE 12 AVERAGE SELLING PRICES OF HYDRAULIC FLUIDS, BY REGION, 2020–2027 (USD/KG)
6.9 TRADE DATA STATISTICS
6.9.1 IMPORT SCENARIO OF HYDRAULIC FLUIDS
FIGURE 28 HYDRAULIC FLUIDS IMPORT, BY KEY COUNTRIES (2013–2021)
TABLE 13 IMPORTS OF HYDRAULIC FLUIDS, BY REGION, 2013–2021 (USD MILLION)
6.9.2 EXPORT SCENARIO OF HYDRAULIC FLUIDS
FIGURE 29 HYDRAULIC FLUIDS EXPORT, BY KEY COUNTRY (2013–2021)
TABLE 14 EXPORTS OF HYDRAULIC FLUIDS, BY REGION, 2013–2021 (USD MILLION)
6.10 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON HYDRAULIC FLUIDS MARKET
6.10.1 REGULATIONS RELATED TO HYDRAULIC FLUIDS
6.11 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 15 HYDRAULIC FLUIDS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
6.12 PATENT ANALYSIS
6.12.1 APPROACH
6.12.2 DOCUMENT TYPE
TABLE 16 PATENT APPLICATIONS ACCOUNTED FOR 59.4% OF TOTAL COUNT
FIGURE 30 PATENTS REGISTERED IN HYDRAULIC FLUIDS MARKET, 2011–2021
FIGURE 31 PATENT PUBLICATION TRENDS, 2011–2021
FIGURE 32 LEGAL STATUS OF PATENTS FILED IN HYDRAULIC FLUIDS MARKET
6.12.3 JURISDICTION ANALYSIS
FIGURE 33 MAXIMUM PATENTS FILED IN JURISDICTION OF US
6.12.4 TOP APPLICANTS
FIGURE 34 HALLIBURTON ENERGY SERVICES REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
TABLE 17 PATENTS BY HALLIBURTON ENERGY SERVICES, INC.
TABLE 18 PATENTS BY SCHLUMBERGER TECHNOLOGY CORPORATION
TABLE 19 PATENTS BY BAKER HUGHES INC.
TABLE 20 TOP 10 PATENT OWNERS IN US, 2011–2021
7 HYDRAULIC FLUIDS MARKET, BY POINT OF SALE (Page No. - 92)
7.1 INTRODUCTION
FIGURE 35 AFTERMARKET TO DOMINATE HYDRAULIC FLUIDS MARKET DURING FORECAST PERIOD
TABLE 21 HYDRAULIC FLUIDS MARKET SIZE, BY POINT OF SALE, 2017–2020 (KILOTON)
TABLE 22 HYDRAULIC FLUIDS MARKET SIZE, BY POINT OF SALE, 2021–2027 (KILOTON)
TABLE 23 HYDRAULIC FLUIDS MARKET SIZE, POINT OF SALE, 2017–2020 (USD MILLION)
TABLE 24 HYDRAULIC FLUIDS MARKET SIZE, POINT OF SALE, 2021–2027 (USD MILLION)
7.2 OEM
7.3 AFTERMARKET
8 HYDRAULIC FLUIDS MARKET, BY BASE OIL (Page No. - 96)
8.1 INTRODUCTION
TABLE 25 BASE OIL, BY GROUP
FIGURE 36 MINERAL OIL-BASED HYDRAULIC FLUIDS TO ACCOUNT FOR LARGEST MARKET SHARE BETWEEN 2022 AND 2027
TABLE 26 HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 27 HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 28 HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 29 HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
8.2 MINERAL OIL
8.2.1 LOW COST TO BOOST DEMAND FOR MINERAL OIL-BASED HYDRAULIC FLUIDS
TABLE 30 MINERAL OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 31 MINERAL OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 32 MINERAL OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 33 MINERAL OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
8.3 SYNTHETIC OIL
8.3.1 GROWING INDUSTRIAL PRODUCTION TO INCREASE DEMAND FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS
TABLE 34 SYNTHETIC OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 35 SYNTHETIC OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 36 SYNTHETIC OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 37 SYNTHETIC OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
8.3.2 POLYALPHAOLEFINS (PAO)
8.3.3 POLYALKYLENE GLYCOLS (PAG)
8.3.4 ESTERS
8.3.5 GROUP III (HYDROCRACKING)
8.4 BIO-BASED OIL
8.4.1 RISING AWARENESS ABOUT BIO-BASED HYDRAULIC FLUIDS
TABLE 38 BIO-BASED OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 39 BIO-BASED OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 40 BIO-BASED OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 41 BIO-BASED OIL: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9 HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY (Page No. - 106)
9.1 INTRODUCTION
FIGURE 37 CONSTRUCTION END-USE INDUSTRY TO LEAD HYDRAULIC FLUIDS MARKET
TABLE 42 HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 43 HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 44 HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 45 HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
9.2 CONSTRUCTION
9.2.1 RISING DEMAND FROM ASIA PACIFIC TO INFLUENCE MARKET GROWTH SIGNIFICANTLY
TABLE 46 CONSTRUCTION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 47 CONSTRUCTION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 48 CONSTRUCTION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 49 CONSTRUCTION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.3 METAL & MINING
9.3.1 INCREASING MINING PRODUCTION TO DRIVE HYDRAULIC FLUIDS MARKET
TABLE 50 METAL & MINING INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 51 METAL & MINING INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 52 METAL & MINING INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 53 METAL & MINING INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.4 AGRICULTURE
9.4.1 GROWING GLOBAL FOOD DEMAND TO INCREASE NEED FOR HYDRAULIC FLUIDS
TABLE 54 AGRICULTURE INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 55 AGRICULTURE INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 56 AGRICULTURE INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 57 AGRICULTURE INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.5 OIL & GAS
9.5.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY TO FUEL MARKET GROWTH
TABLE 58 OIL & GAS INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 59 OIL & GAS INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 60 OIL & GAS INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 61 OIL & GAS INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.6 TRANSPORTATION
9.6.1 MARINE AND AVIATION END-USE INDUSTRIES TO DRIVE MARKET
TABLE 62 TRANSPORTATION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 63 TRANSPORTATION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 64 TRANSPORTATION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 65 TRANSPORTATION INDUSTRY: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.6.2 MARINE
9.6.3 AVIATION
9.6.4 AUTOMOTIVE
9.7 CEMENT PRODUCTION
9.7.1 NEED FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS TO INFLUENCE MARKET GROWTH
TABLE 66 CEMENT PRODUCTION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 67 CEMENT PRODUCTION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 68 CEMENT PRODUCTION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 69 CEMENT PRODUCTION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.8 FOOD PROCESSING
9.8.1 RISING DEMAND FOR PROCESSED FOOD
TABLE 70 FOOD PROCESSING: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 71 FOOD PROCESSING: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 72 FOOD PROCESSING: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 73 FOOD PROCESSING: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.9 POWER GENERATION
9.9.1 SPECIAL GRADES OF HYDRAULIC FLUIDS TO DRIVE DEMAND
TABLE 74 POWER GENERATION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 75 POWER GENERATION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 76 POWER GENERATION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 77 POWER GENERATION: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
9.1 OTHERS
TABLE 78 OTHER END-USE INDUSTRIES: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 79 OTHER END-USE INDUSTRIES: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 80 OTHER END-USE INDUSTRIES: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 81 OTHER END-USE INDUSTRIES: HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
10 HYDRAULIC FLUIDS MARKET, BY REGION (Page No. - 125)
10.1 INTRODUCTION
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN HYDRAULIC FLUIDS MARKET DURING FORECAST PERIOD
TABLE 82 HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
TABLE 83 HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 84 HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 85 HYDRAULIC FLUIDS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
10.2 ASIA PACIFIC
FIGURE 39 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SNAPSHOT
10.2.1 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY COUNTRY
TABLE 86 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
TABLE 87 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 88 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 89 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
10.2.2 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY BASE OIL
TABLE 90 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 91 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 92 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 93 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
10.2.3 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
TABLE 94 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 95 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 96 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 97 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.1 China
10.2.3.1.1 Cement production industry to drive demand
TABLE 98 CHINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 99 CHINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 100 CHINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 101 CHINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.2 India
10.2.3.2.1 Growing construction industry to lead to high prospects for market
TABLE 102 INDIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 103 INDIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 104 INDIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 105 INDIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.3 Japan
10.2.3.3.1 Advanced technology and innovation-driven approach across sectors
TABLE 106 JAPAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 107 JAPAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 108 JAPAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 109 JAPAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.4 South Korea
10.2.3.4.1 Automotive sector to drive market
TABLE 110 SOUTH KOREA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 111 SOUTH KOREA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 112 SOUTH KOREA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 113 SOUTH KOREA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.5 Australia & New Zealand
10.2.3.5.1 Mining industry to increase demand for hydraulic fluids
TABLE 114 AUSTRALIA & NEW ZEALAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 115 AUSTRALIA & NEW ZEALAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 116 AUSTRALIA & NEW ZEALAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 117 AUSTRALIA & NEW ZEALAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.6 Thailand
10.2.3.6.1 Viable economic policies to help market growth
TABLE 118 THAILAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 119 THAILAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 120 THAILAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 121 THAILAND: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.2.3.7 Indonesia
10.2.3.7.1 Established crude oil and mining sectors influencing market positively
TABLE 122 INDONESIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 123 INDONESIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 124 INDONESIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 125 INDONESIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3 EUROPE
FIGURE 40 EUROPE: HYDRAULIC FLUIDS MARKET SNAPSHOT
10.3.1 EUROPE HYDRAULIC FLUIDS MARKET, BY BASE OIL
TABLE 126 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 127 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 128 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 129 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
10.3.2 EUROPE HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
TABLE 130 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 131 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 132 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 133 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3 EUROPE HYDRAULIC FLUIDS MARKET, BY COUNTRY
TABLE 134 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
TABLE 135 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 136 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 137 EUROPE: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
10.3.3.1 Russia
10.3.3.1.1 World’s fifth-largest steel producer offering ample opportunities to hydraulic fluid manufacturers
TABLE 138 RUSSIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 139 RUSSIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 140 RUSSIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 141 RUSSIA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3.2 Germany
10.3.3.2.1 Growing food processing industry to boost market growth
TABLE 142 GERMANY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 143 GERMANY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 144 GERMANY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 145 GERMANY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3.3 UK
10.3.3.3.1 Government plans for infrastructure spending to drive market
TABLE 146 UK: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 147 UK: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 148 UK: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 149 UK: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3.4 France
10.3.3.4.1 Growth in end-use industries to increase demand for hydraulic fluids
TABLE 150 FRANCE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 151 FRANCE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 152 FRANCE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 153 FRANCE: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3.5 Italy
10.3.3.5.1 World’s seventh-largest steel exporter offering ample growth opportunities
TABLE 154 ITALY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 155 ITALY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 156 ITALY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 157 ITALY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.3.3.6 Spain
10.3.3.6.1 Food processing sector to have positive impact on market
TABLE 158 SPAIN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 159 SPAIN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 160 SPAIN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 161 SPAIN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.4 NORTH AMERICA
FIGURE 41 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SNAPSHOT
10.4.1 NORTH AMERICA HYDRAULIC FLUIDS MARKET, BY BASE OIL
TABLE 162 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 163 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 164 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 165 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
10.4.2 NORTH AMERICA HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
TABLE 166 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 167 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 168 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 169 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.4.3 NORTH AMERICA HYDRAULIC FLUIDS MARKET, BY COUNTRY
TABLE 170 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
TABLE 171 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 172 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 173 NORTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
10.4.3.1 US
10.4.3.1.1 Presence of major oil & gas giants increasing consumption of hydraulic fluids
TABLE 174 US: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 175 US: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 176 US: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 177 US: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.4.3.2 Canada
10.4.3.2.1 Strong competition from emerging economies of Asia Pacific and Middle East
TABLE 178 CANADA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 179 CANADA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 180 CANADA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 181 CANADA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.4.3.3 Mexico
10.4.3.3.1 Booming industrialization and rising population to increase demand for hydraulic fluids
TABLE 182 MEXICO: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 183 MEXICO: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 184 MEXICO: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 185 MEXICO: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA HYDRAULIC FLUIDS MARKET, BY BASE OIL
TABLE 186 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 187 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 188 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
10.5.2 MIDDLE EAST & AFRICA HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
TABLE 190 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 191 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 192 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 193 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.5.3 MIDDLE EAST & AFRICA HYDRAULIC FLUIDS MARKET, BY COUNTRY
TABLE 194 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
TABLE 195 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 196 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 197 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
10.5.3.1 South Africa
10.5.3.1.1 Demand for platinum aiding market growth
TABLE 198 SOUTH AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 199 SOUTH AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 200 SOUTH AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 201 SOUTH AFRICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.5.3.2 Turkey
10.5.3.2.1 Immense opportunities for market growth due to industrialization
TABLE 202 TURKEY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 203 TURKEY HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 204 TURKEY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 205 TURKEY: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.5.3.3 Iran
10.5.3.3.1 Government expenditure on infrastructural growth to propel market growth
TABLE 206 IRAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 207 IRAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 208 IRAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 209 IRAN: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA HYDRAULIC FLUIDS MARKET, BY BASE OIL
TABLE 210 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
TABLE 211 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
TABLE 212 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
TABLE 213 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
10.6.2 SOUTH AMERICA HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
TABLE 214 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 215 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 216 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 217 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.6.3 SOUTH AMERICA HYDRAULIC FLUIDS MARKET, BY COUNTRY
TABLE 218 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
TABLE 219 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 220 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 221 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
10.6.3.1 Brazil
10.6.3.1.1 Rapidly expanding economy stimulated by increasing investments to drive market
TABLE 222 BRAZIL: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 223 BRAZIL: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 224 BRAZIL: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 225 BRAZIL: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
10.6.3.2 Argentina
10.6.3.2.1 Growing construction industry to boost demand for hydraulic fluids
TABLE 226 ARGENTINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
TABLE 227 ARGENTINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
TABLE 228 ARGENTINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 229 ARGENTINA: HYDRAULIC FLUIDS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 202)
11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 230 OVERVIEW OF STRATEGIES ADOPTED BY KEY HYDRAULIC FLUIDS MANUFACTURERS
11.3 MARKET SHARE ANALYSIS
11.3.1 RANKING OF KEY MARKET PLAYERS, 2021
FIGURE 42 RANKING OF TOP FIVE PLAYERS IN HYDRAULIC FLUIDS MARKET, 2021
11.3.2 MARKET SHARE OF KEY PLAYERS
TABLE 231 HYDRAULIC FLUIDS MARKET: DEGREE OF COMPETITION
FIGURE 43 SHELL PLC LED HYDRAULIC FLUIDS MARKET IN 2021
11.3.2.1 Shell plc
11.3.2.2 ExxonMobil Corporation
11.3.2.3 BP p.l.c.
11.3.2.4 Chevron Corporation
11.3.2.5 TotalEnergies SE
FIGURE 44 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS
11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
FIGURE 45 HYDRAULIC FLUIDS MARKET: COMPANY FOOTPRINT
TABLE 232 HYDRAULIC FLUIDS MARKET: BASE OIL TYPE FOOTPRINT
TABLE 233 HYDRAULIC FLUIDS MARKET: OVERALL END-USE INDUSTRY FOOTPRINT
TABLE 234 HYDRAULIC FLUIDS MARKET: COMPANY REGION FOOTPRINT
11.5 COMPANY EVALUATION QUADRANT (TIER 1)
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE COMPANIES
11.5.4 PARTICIPANTS
FIGURE 46 COMPANY EVALUATION QUADRANT FOR HYDRAULIC FLUIDS MARKET (TIER 1)
11.6 COMPETITIVE BENCHMARKING
TABLE 235 HYDRAULIC FLUIDS MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 236 HYDRAULIC FLUIDS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
11.7 START-UP/SME EVALUATION QUADRANT
11.7.1 RESPONSIVE COMPANIES
11.7.2 STARTING BLOCKS
11.7.3 PROGRESSIVE COMPANIES
11.7.4 DYNAMIC COMPANIES
FIGURE 47 START-UPS/SMES EVALUATION QUADRANT FOR HYDRAULIC FLUIDS MARKET
11.8 COMPETITIVE SITUATIONS AND TRENDS
11.8.1 PRODUCT LAUNCHES
TABLE 237 HYDRAULIC FLUIDS MARKET: PRODUCT LAUNCHES (2019–2022)
11.8.2 DEALS
TABLE 238 HYDRAULIC FLUIDS MARKET: DEALS (2019–2022)
11.8.3 OTHER DEVELOPMENTS
TABLE 239 HYDRAULIC FLUIDS MARKET: OTHER DEVELOPMENTS (2019–2022)
12 COMPANY PROFILES (Page No. - 220)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 MAJOR PLAYERS
12.1.1 EXXONMOBIL CORPORATION
FIGURE 48 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 240 EXXONMOBIL CORPORATION: COMPANY OVERVIEW
12.1.2 TOTALENERGIES SE
FIGURE 49 TOTALENERGIES SE: COMPANY SNAPSHOT
TABLE 241 TOTALENERGIES SE: COMPANY OVERVIEW
12.1.3 SHELL PLC
FIGURE 50 SHELL PLC: COMPANY SNAPSHOT
TABLE 242 SHELL PLC: COMPANY OVERVIEW
12.1.4 CHEVRON CORPORATION
FIGURE 51 CHEVRON CORPORATION: COMPANY SNAPSHOT
TABLE 243 CHEVRON CORPORATION: COMPANY OVERVIEW
12.1.5 BP P.L.C.
FIGURE 52 BP P.L.C.: COMPANY SNAPSHOT
TABLE 244 BP P.L.C.: COMPANY OVERVIEW
12.1.6 FUCHS PETROLUB SE
FIGURE 53 FUCHS PETROLUB SE: COMPANY SNAPSHOT
TABLE 245 FUCHS PETROLUB SE: COMPANY OVERVIEW
12.1.7 VALVOLINE
FIGURE 54 VALVOLINE: COMPANY SNAPSHOT
TABLE 246 VALVOLINE: COMPANY OVERVIEW
12.1.8 SINOPEC CORP.
FIGURE 55 SINOPEC CORP.: COMPANY SNAPSHOT
TABLE 247 SINOPEC CORP.: COMPANY OVERVIEW
12.1.9 ENEOS HOLDINGS, INC.
FIGURE 56 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 248 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
12.1.10 IDEMITSU KOSAN CO., LTD.
FIGURE 57 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
TABLE 249 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW
12.1.11 PETROCHINA COMPANY LIMITED
FIGURE 58 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 250 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW
12.2 OTHER KEY MARKET PLAYERS
12.2.1 PETRONAS
TABLE 251 PETRONAS: COMPANY OVERVIEW
12.2.2 LUKOIL
TABLE 252 LUKOIL: COMPANY OVERVIEW
12.2.3 PERTAMINA
TABLE 253 PERTAMINA: COMPANY OVERVIEW
12.2.4 INDIAN OIL CORPORATION LIMITED (IOCL)
TABLE 254 INDIAN OIL CORPORATION LIMITED (IOCL): COMPANY OVERVIEW
12.2.5 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
TABLE 255 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW
12.2.6 PHILLIPS 66
TABLE 256 PHILLIPS 66: COMPANY OVERVIEW
12.2.7 PETROBRAS
TABLE 257 PETROBRAS: COMPANY OVERVIEW
12.2.8 BALMER LAWRIE & CO. LTD.
TABLE 258 BALMER LAWRIE & CO. LTD.: COMPANY OVERVIEW
12.2.9 ROSNEFT
TABLE 259 ROSNEFT: COMPANY OVERVIEW
12.2.10 LUBRI-LAB INC.
TABLE 260 LUBRI-LAB INC.: COMPANY OVERVIEW
12.2.11 BEL-RAY COMPANY, LLC.
TABLE 261 BEL-RAY COMPANY, LLC: COMPANY OVERVIEW
12.2.12 CITGO PETROLEUM CORPORATION
TABLE 262 CITGO PETROLEUM CORPORATION: COMPANY OVERVIEW
12.2.13 HARRISON MANUFACTURING CO PTY LTD.
TABLE 263 HARRISON MANUFACTURING CO PTY LTD.: COMPANY OVERVIEW
12.2.14 NYCO
TABLE 264 NYCO: COMPANY OVERVIEW
12.2.15 PENRITE OIL COMPANY
TABLE 265 PENRITE OIL COMPANY: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS (Page No. - 266)
13.1 INTRODUCTION
13.2 LIMITATION
13.3 MARINE LUBRICANTS MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
FIGURE 59 MARINE LUBRICANTS MARKET TO WITNESS STEADY GROWTH
13.4 MARINE LUBRICANTS MARKET, BY REGION
13.4.1 ASIA PACIFIC
TABLE 266 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
TABLE 267 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION)
TABLE 268 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
TABLE 269 ASIA PACIFIC: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON)
13.4.2 NORTH AMERICA
TABLE 270 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
TABLE 271 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION)
TABLE 272 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
TABLE 273 NORTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON)
13.4.3 EUROPE
TABLE 274 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
TABLE 275 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION)
TABLE 276 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
TABLE 277 EUROPE: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON)
13.4.4 MIDDLE EAST & AFRICA
TABLE 278 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
TABLE 279 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION)
TABLE 280 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
TABLE 281 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON)
13.4.5 SOUTH AMERICA
TABLE 282 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
TABLE 283 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (USD MILLION)
TABLE 284 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
TABLE 285 SOUTH AMERICA: MARINE LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020–2026 (KILOTON)
14 APPENDIX (Page No. - 275)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involved four major activities in estimating the market size for hydraulic fluids. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.
Primary Research
The hydraulic fluids market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The end-use industries characterize the demand side of this market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the hydraulic fluids market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Hydraulic fluids Market : Bottum-Up Approach 1
Source: MarketsandMarkets Analysis
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of hydraulic fluids.
Report Objectives
- To define, segment, and project the size of the global Hydraulic fluids market based on base oil, point of sale, end-use industry, and region
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To project the size of the market in terms of value and volume, with respect to five main regions (along with key country-level data), namely, North America, Europe, Asia Pacific, Middle East & Africa and South America.
- To strategically profile key players and comprehensively analyze their core competencies2
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments, in the Hydraulic fluids market
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional source type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Growth opportunities and latent adjacency in Hydraulic Fluids Market