Hydraulic Fluid Market by Point of Sale (OEM, Aftermarket), Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), End-use Industry (Construction, Metal & Mining, Agriculture, Oil & Gas, Transportation, Cement Production), Region - Global Forecast to 2025
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Request For Special Pricing[207 Pages Report] The hydraulic fluid market size is projected to reach USD 9.0 billion by 2025 from USD 7.7 billion in 2020, at a CAGR of 3.1%. The growth of the market is driven by the industrial growth in Asia Pacific and the Middle East & Africa, coupled with the rise in process automation in most of the industries.
“OEM to be faster-growing point of sale segment of the global hydraulic fluid market during the forecast period.”
OEM is expected to be the faster-growing segment from 2020 to 2025. Hydraulic fluid manufacturers are manufacturing new products with better properties and extended life. Hence, more the life of the initial hydraulic fluid, lesser the drain interval in the complete life cycle of an equipment.
“Synthetic oil to witness the fastest growth during the forecast period.”
On the basis of base oil, the global hydraulic fluid market is classified into mineral oil, synthetic oil, and bio-based oil. Mineral oil is the largest segment of the hydraulic fluid market. This is majorly attributed to its easy availability and low cost. However, the synthetic oil segment is expected to register the highest CAGR during the forecast period due to its advanced properties.
“Construction is projected to be the largest end-use industry during the forecast period.”
On the basis of end-use industry, the market is segmented into construction, metal & mining, agriculture, oil & gas, transportation, cement production, and food processing. The demand for hydraulic fluid is high in the construction industry due to the rising construction activities, especially in the residential sector in China and the rising infrastructural developments in India.
APAC accounts for largest share of the global hydraulic fluid market during the forecast period.
APAC is expected to account for the largest market share in global hydraulic fluid during the forecast period. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the hydraulic fluid market.
Key Market Players
The key market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co. Ltd. (Japan).
Royal Dutch Shell PLC is one of the leading producers of hydraulic fluid. The company has undertaken expansion as its growth strategy in the hydraulic fluid market. For instance, in 2019, the company opened its first Lubricant laboratory in India. The laboratory will serve as a service provider for the growing demand for innovative lubricant products in the automotive and industrial segments.
ExxonMobil is ranked at the second position in the hydraulic fluid market. The company focuses on agreements to remain competitive in the hydraulic fluid market. For instance, in 2018, ExxonMobil acquired an Indonesian lubricant manufacturer and marketer, PT Federal Karyatama. This has increased the overall production capacity of the company. The newly acquired plant has the capacity of blending and producing lubricant of 700,000 barrels per year. This will help improve its market position in the country as well as in the neighboring ASEAN countries.
Scope of the Report
|
Report Metric |
Details |
| Years considered for the study | 2018–2025 |
|
Base year considered |
2019 |
| Forecast period | 2020–2025 |
| Units considered | Value (USD Thousand), Volume (Kiloton) |
| Segments covered | Point of Sale, Base oil, End-use Industry, and Region |
| Regions covered | APAC, North America, Europe, Middle East & Africa, and South America |
| Companies profiled | Royal Dutch Shell PLC (Netherlands), ExxonMobil (US), BP p.l.c. (UK), Chevron Corporation (US), Total S.A. (France), Petrochina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (US), Lukoil (Russia), Petronas (Malaysia), Gazprom Neft (Russia), Pertamina (Indonesia) and others. |
This report categorizes the global hydraulic fluid market based on point of sale, base oil, end-use industry, and region.
On the basis of point of sale, the hydraulic fluid market has been segmented as follows:
- Original Equipment Manufacturer (OEM)
- Aftermarket
On the basis of base oil, the hydraulic fluid market has been segmented as follows:
- Mineral Oil
- Synthetic Oil
- Polyalphaolefin (PAO)
- Polyalkylene Glycol (PAG)
- Esters
- Group III (Hydro cracking)
- Bio-based Oil
On the basis of end-use industry, the hydraulic fluid market has been segmented as follows:
- Construction
- Metal & Mining
- Agriculture
- Oil & Gas
- Transportation
- Cement Production
- Food Processing
- Others
- Power Generation
- Paper
- Textile
- Chemical
On the basis of region, the hydraulic fluid market has been segmented as follows:
- APAC
- North America
- Europe
- Middle East & Arica
- South America
Key Questions addressed by the report
- What are the major developments impacting the market?
- Where will all the developments take the industry in the mid to long term?
- What are the emerging end-use industries of hydraulic fluid?
- What are the major factors impacting the market growth during the forecast period?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 PRIMARY AND SECONDARY RESEARCH METHODOLOGY
2.1.1 HYDRAULIC FLUID MARKET: PRIMARY RESEARCH METHODOLOGY
2.1.1.1 Primary data
2.1.1.2 Breakdown of primary interviews
2.1.2 SECONDARY DATA
2.2 BASE NUMBER CALCULATION
2.2.1 HYDRAULIC FLUID MARKET: RESEARCH METHODOLOGY
2.2.2 MARKET SIZE CALCULATION: STEPS FROM SUPPLY SIDE
2.2.3 MARKET SIZE CALCULATION, BY END-USE INDUSTRY
2.2.4 KEY MARKET INSIGHTS BY END-USE INDUSTRY
2.2.5 MARKET CALCULATION, BY BASE OIL
2.3 FORECAST NUMBER CALCULATION
2.4 DATA TRIANGULATION
2.5 MARKET ENGINEERING PROCESS
2.5.1 BOTTOM-UP APPROACH
2.5.2 TOP-DOWN APPROACH
2.6 ASSUMPTIONS
2.7 KEY INDUSTRY INSIGHTS
3 EXECUTIVE SUMMARY (Page No. - 32)
4 PREMIUM INSIGHTS (Page No. - 36)
4.1 ATTRACTIVE OPPORTUNITIES IN THE HYDRAULIC FLUID MARKET
4.2 APAC HYDRAULIC FLUID MARKET, BY BASE OIL AND COUNTRY, 2019
4.3 HYDRAULIC FLUID MARKET, BY REGION
4.4 HYDRAULIC FLUID MARKET, BY KEY COUNTRIES
5 MARKET OVERVIEW (Page No. - 38)
5.1 MARKET DYNAMICS
5.1.1 DRIVERS
5.1.1.1 Massive industrial growth in APAC and the Middle East & Africa
5.1.1.2 Improved quality of hydraulic fluids
5.1.1.3 Growing automotive industry in APAC and the Middle East & Africa
5.1.1.4 Growing demand for processed food
5.1.1.5 Expansion of refinery capacities driving the market for Group II and Group III base oil
5.1.1.6 Increasing demand from marine application
5.1.2 RESTRAINTS
5.1.2.1 High cost of synthetic and bio-based hydraulic fluid
5.1.2.2 Shift toward synthetic hydraulic fluid shrinking overall demand for hydraulic fluid
5.1.2.3 Technological advancements
5.1.2.4 Stringent environmental regulations
5.1.3 OPPORTUNITIES
5.1.3.1 Rising trend of using bio-based hydraulic fluid
5.1.3.2 Availability of semi-synthetic hydraulic fluid
5.1.3.3 Availability of zinc-free (ashless) hydraulic fluid
5.1.3.4 Industrial growth in BRIC
5.1.4 CHALLENGES
5.1.4.1 Volatile crude oil prices
5.2 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
5.4.1 RAW MATERIALS
5.4.2 BLENDING
5.4.3 DISTRIBUTION
5.4.4 END-USE INDUSTRY
5.5 AVERAGE SELLING PRICE TREND
5.6 LUBRICANTS INDUSTRY ECOSYSTEM
5.7 CASE STUDIES
5.8 INDUSTRY OUTLOOK
5.8.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
5.8.2 MINING
5.9 COVID-19 IMPACT ON HYDRAULIC FLUID MARKET
5.9.1 DISRUPTION IN MAJOR END-USE INDUSTRIES
5.9.2 DISRUPTION IN METAL & MINING INDUSTRY
5.9.2.1 Impact on customers’ output and strategies to resume/improve production
5.9.2.2 Customer’s most impacted regions
5.9.2.3 Risk assessment and opportunities
5.9.2.4 MnM viewpoint on growth outlook and new market opportunities
5.9.3 DISRUPTION IN THE CONSTRUCTION INDUSTRY
5.9.3.1 Impact on customers’ output and strategies to resume/improve production
5.9.3.2 Customer’s most impacted regions
5.9.3.3 MnM viewpoint on growth outlook and new market opportunities
5.9.4 DISRUPTION IN THE OIL & GAS INDUSTRY
5.9.4.1 Impact on customers’ output and strategies to resume/improve production
5.9.4.2 Customer’s most impacted regions
5.9.4.3 MnM viewpoint on growth outlook and new market opportunities
5.9.5 DISRUPTION IN THE AUTOMOTIVE INDUSTRY
5.9.5.1 Impact on customers’ output and strategies to resume/improve production
5.9.5.2 Customer’s most impacted regions
5.9.5.3 Risk assessment and opportunities
5.9.5.4 MnM viewpoint on growth outlook and new market opportunities
5.10 REGIONAL IMPACT OF COVID-19
5.10.1 CONFLICT BETWEEN OPEC AND NON-OPEC COUNTRIES
5.10.2 MIDDLE EAST & AFRICA
5.10.3 NORTH AMERICA
5.10.4 EUROPE
5.10.5 APAC
5.10.6 SOUTH AMERICA
5.11 REGULATORY FRAMEWORK
5.11.1 STAGES OF REGULATORY FRAMEWORK IN CHINA
5.11.2 APAC
5.11.3 EUROPE
5.11.4 NORTH AMERICA
5.11.5 SOUTH AMERICA
5.11.6 MIDDLE EAST & AFRICA
6 HYDRAULIC FLUID MARKET, BY POINT OF SALE (Page No. - 72)
6.1 INTRODUCTION
6.1.1 OEM
6.1.2 AFTERMARKET
7 HYDRAULIC FLUID MARKET, BY BASE OIL (Page No. - 75)
7.1 INTRODUCTION
7.2 MINERAL OIL
7.2.1 LOW COST TO BOOST DEMAND FOR MINERAL OIL-BASED HYDRAULIC FLUIDS
7.3 SYNTHETIC OIL
7.3.1 GROWING INDUSTRIAL PRODUCTION INCREASING THE DEMAND FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS
7.3.2 POLYALPHAOLEFINS (PAO)
7.3.3 POLYALKYLENE GLYCOLS (PAG)
7.3.4 ESTERS
7.3.5 GROUP III (HYDROCRACKING)
7.4 BIO-BASED OIL
7.4.1 RISING AWARENESS ABOUT BIO-BASED HYDRAULIC FLUID
8 HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY (Page No. - 84)
8.1 INTRODUCTION
8.2 CONSTRUCTION
8.2.1 RISING DEMAND FROM APAC TO BE THE MAIN DRIVER FOR THE MARKET
8.3 METAL & MINING
8.3.1 SECOND-LARGEST CONSUMER OF HYDRAULIC FLUIDS
8.3.2 MINING INDUSTRY TRENDS
8.4 AGRICULTURE
8.4.1 STEADILY GROWING GLOBAL FOOD DEMAND TO INCREASE THE DEMAND FOR HYDRAULIC FLUIDS
8.4.2 AGRICULTURE INDUSTRY TRENDS
8.5 OIL & GAS
8.5.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY
8.5.2 OIL & GAS INDUSTRY TRENDS
8.6 TRANSPORTATION
8.6.1 MARINE AND AVIATION END-USE INDUSTRIES TO DRIVE THE MARKET
8.6.2 MARINE
8.6.3 AVIATION
8.6.4 AUTOMOTIVE
8.7 CEMENT PRODUCTION
8.7.1 NEED FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS
8.8 FOOD PROCESSING
8.8.1 RISING DEMAND FOR PROCESSED FOOD
8.9 OTHERS
9 HYDRAULIC FLUID MARKET, BY REGION (Page No. - 103)
9.1 INTRODUCTION
9.2 APAC
9.2.1 CHINA
9.2.1.1 Largest cement producer in the world
9.2.2 INDIA
9.2.2.1 Growing construction industry posing high prospects for the market
9.2.3 JAPAN
9.2.3.1 Advanced technology and innovation-driven approach across all the sectors
9.2.4 SOUTH KOREA
9.2.4.1 World’s largest automotive industry to drive the hydraulic fluid market
9.2.5 AUSTRALIA & NEW ZEALAND
9.2.5.1 Mining industry increasing demand for hydraulic fluids
9.2.6 THAILAND
9.2.6.1 Viable economic policies helping market growth
9.2.7 INDONESIA
9.2.7.1 Established crude oil and mining sectors influencing the market positively
9.3 NORTH AMERICA
9.3.1 US
9.3.1.1 Presence of major oil & gas giants increasing the consumption of hydraulic fluids
9.3.2 CANADA
9.3.2.1 Market is witnessing strong competition from emerging economies of APAC and the Middle East & Africa
9.3.3 MEXICO
9.3.3.1 Booming industrialization and rising population to increase demand for hydraulic fluids
9.4 EUROPE
9.4.1 RUSSIA
9.4.1.1 World’s fifth-largest steel producer offers ample opportunities to hydraulic fluid manufacturers
9.4.2 GERMANY
9.4.2.1 Growing food processing industry to boost market growth
9.4.3 UK
9.4.3.1 Government’s plans for infrastructure spending to drive the market
9.4.4 FRANCE
9.4.4.1 Growth in end-use industries of hydraulic fluids
9.4.5 ITALY
9.4.5.1 World’s seventh-largest steel exporter offering ample growth opportunities
9.4.6 SPAIN
9.4.6.1 Spain food processing sector to have positive impacts on the market
9.5 MIDDLE EAST & AFRICA
9.5.1 SOUTH AFRICA
9.5.1.1 Demand for platinum aiding market growth
9.5.2 TURKEY
9.5.2.1 Immense opportunities for market growth due to industrialization
9.5.3 IRAN
9.5.3.1 Government expenditure on infrastructural growth to propel market growth
9.6 SOUTH AMERICA
9.6.1 BRAZIL
9.6.1.1 Rapidly expanding economy, stimulated by increasing investments, to drive the market
9.6.2 ARGENTINA
9.6.2.1 Growing construction industry to boost the demand for hydraulic fluids
10 COMPETITIVE LANDSCAPE (Page No. - 152)
10.1 OVERVIEW
10.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
10.2.1 INNOVATORS
10.2.2 VISIONARY LEADERS
10.2.3 EMERGING COMPANIES
10.3 STRENGTH OF PRODUCT PORTFOLIO
10.4 BUSINESS STRATEGY EXCELLENCE
10.5 COMPETITIVE LEADERSHIP MAPPING (SMSE)
10.5.1 PROGRESSIVE COMPANIES
10.5.2 RESPONSIVE COMPANIES
10.5.3 DYNAMIC COMPANIES
10.5.4 STARTING BLOCKS
10.6 STRENGTH OF PRODUCT PORTFOLIO
10.7 BUSINESS STRATEGY EXCELLENCE
10.8 MARKET SHARE OF KEY PLAYERS
10.9 COMPETITIVE SITUATION AND TRENDS
10.9.1 EXPANSION
10.9.2 CONTRACT & AGREEMENT
10.9.3 ACQUISITION
10.9.4 JOINT VENTURE
10.9.5 NEW PRODUCT LAUNCH
11 COMPANY PROFILES (Page No. - 165)
(Business overview, Products offered, Recent developments, Winning imperatives, Current Focus and Strategies, Threat from Competition & Right to Win)*
11.1 ROYAL DUTCH SHELL PLC
11.2 EXXONMOBIL CORPORATION
11.3 BP P.L.C.
11.4 CHEVRON CORPORATION
11.5 TOTAL S.A.
11.6 PETROCHINA COMPANY LIMITED
11.7 IDEMITSU KOSAN CO., LTD.
11.8 SINOPEC LIMITED
11.9 FUCHS PETROLUB AG
11.10 JXTG HOLDINGS, INC.
11.11 VALVOLINE
11.12 LUKOIL
11.13 PETRONAS
11.14 PERTAMINA
11.15 GAZPROM NEFT
11.16 INDIAN OIL CORPORATION LIMITED (IOCL)
11.17 PHILLIPS 66
11.18 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
11.19 PETROBRAS
*Details on Business overview, Products offered, Recent developments, Winning imperatives, Current Focus and Strategies, Threat from Competition & Right to Win might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 201)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
LIST OF TABLES (127 Tables)
TABLE 1 HYDRAULIC FLUID: INCLUSIONS AND EXCLUSIONS
TABLE 2 INDUSTRIAL GROWTH RATE OF COUNTRIES IN APAC, 2018
TABLE 3 INCREASED VEHICLE SALES AND HIGHER MOTORIZATION RATE
TABLE 4 BRIC NATIONS ACCOUNTED FOR 37.4% OF THE TOTAL VEHICLE SALES IN 2019
TABLE 5 HYDRAULIC FLUID MARKET PRICE, BY REGION, 2018–2025 (USD/KG)
TABLE 6 TRENDS AND FORECAST OF GDP OF MAJOR COUNTRY, 2017–2024 (USD BILLION)
TABLE 7 WORLD MINERAL PRODUCTION, BY KEY COUNTRIES, 2017 (KILOTON)
TABLE 8 MINING COMPANIES ANNOUNCEMENTS
TABLE 9 OPPORTUNITY ASSESSMENT IN METAL & MINING INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
TABLE 10 CONSTRUCTION COMPANIES ANNOUNCEMENTS
TABLE 11 OIL & GAS COMPANIES ANNOUNCEMENTS
TABLE 12 OPPORTUNITY ASSESSMENT IN OIL & GAS INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
TABLE 13 AUTOMOTIVE COMPANIES ANNOUNCEMENTS
TABLE 14 OPPORTUNITY ASSESSMENT IN AUTOMOTIVE INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
TABLE 15 HYDRAULIC FLUID MARKET SIZE, BY POINT OF SALE, 2018–2025 (KILOTON)
TABLE 16 HYDRAULIC FLUID MARKET SIZE, POINT OF SALE, 2018–2025 (USD MILLION)
TABLE 17 BASE OIL, BY GROUP
TABLE 18 HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 19 HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 20 MINERAL OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 21 MINERAL OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 22 SYNTHETIC OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 23 SYNTHETIC OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 BIO-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 25 BIO-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 27 HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 28 HYDRAULIC FLUID MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION, 2018–2025 (KILOTON)
TABLE 29 HYDRAULIC FLUID MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 WORLD MINERAL PRODUCTION, BY KEY COUNTRIES, 2017 (KILOTON)
TABLE 31 HYDRAULIC FLUID MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018–2025 (KILOTON)
TABLE 32 HYDRAULIC FLUID MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
TABLE 33 WORLD WHEAT PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE)
TABLE 34 WORLD RICE PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE)
TABLE 35 WORLD MAIZE PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE)
TABLE 36 HYDRAULIC FLUID MARKET SIZE IN AGRICULTURE INDUSTRY, BY REGION, 2018–2025 (KILOTON)
TABLE 37 HYDRAULIC FLUID MARKET SIZE IN AGRICULTURE INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
TABLE 38 WORLD OIL PRODUCTION, BY KEY COUNTRIES, 2014-2018 (THOUSAND BARRELS/DAILY)
TABLE 39 HYDRAULIC FLUID MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2025 (KILOTON)
TABLE 40 HYDRAULIC FLUID MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
TABLE 41 HYDRAULIC FLUID MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2018–2025 (KILOTON)
TABLE 42 HYDRAULIC FLUID MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
TABLE 43 HYDRAULIC FLUID MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2018–2025 (KILOTON)
TABLE 44 HYDRAULIC FLUID MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2018–2025 (USD MILLION)
TABLE 45 HYDRAULIC FLUID MARKET SIZE IN FOOD PROCESSING, BY REGION, 2018–2025 (KILOTON)
TABLE 46 HYDRAULIC FLUID MARKET SIZE IN FOOD PROCESSING, BY REGION, 2018–2025 (USD MILLION)
TABLE 47 HYDRAULIC FLUID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (KILOTON)
TABLE 48 HYDRAULIC FLUID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 50 HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 51 APAC: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 52 APAC: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 53 APAC: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 54 APAC: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 55 APAC: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 56 APAC: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 57 CHINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 58 CHINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 59 INDIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 60 INDIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 61 JAPAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 62 JAPAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 63 SOUTH KOREA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 64 SOUTH KOREA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 65 AUSTRALIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 66 AUSTRALIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 67 THAILAND: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 68 THAILAND: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 69 INDONESIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 70 INDONESIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 71 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 72 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 73 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 74 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 75 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 76 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 77 US: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 78 US: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 79 CANADA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 80 CANADA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 81 MEXICO: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 82 MEXICO: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 83 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 84 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 85 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 86 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 87 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 88 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 89 RUSSIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 90 RUSSIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 91 GERMANY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 92 GERMANY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 93 UK: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 94 UK: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 95 FRANCE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 96 FRANCE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 97 ITALY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 98 ITALY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 99 SPAIN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 100 SPAIN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 101 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 102 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 103 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 104 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 105 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 106 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 107 SOUTH AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 108 SOUTH AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 109 TURKEY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 110 TURKEY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 111 IRAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 112 IRAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 113 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
TABLE 114 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 115 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON)
TABLE 116 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION)
TABLE 117 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
TABLE 118 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
TABLE 119 BRAZIL: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 120 BRAZIL: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 121 ARGENTINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
TABLE 122 ARGENTINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
TABLE 123 EXPANSION, 2017–2019
TABLE 124 CONTRACT & AGREEMENT, 2017–2019
TABLE 125 ACQUISITION, 2017–2019
TABLE 126 JOINT VENTURE, 2017–2019
TABLE 127 NEW PRODUCT LAUNCH, 2017–2019
LIST OF FIGURES (68 Figures)
FIGURE 1 HYDRAULIC FLUID: MARKET SEGMENTATION
FIGURE 2 HYDRAULIC FLUID MARKET: BOTTOM-UP APPROACH
FIGURE 3 HYDRAULIC FLUID MARKET: TOP-DOWN APPROACH
FIGURE 4 AFTERMARKET SEGMENT TO DOMINATE THE HYDRAULIC FLUID MARKET
FIGURE 5 SYNTHETIC OIL TO BE THE FASTEST-GROWING BASE OIL SEGMENT
FIGURE 6 CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY FOR HYDRAULIC FLUIDS
FIGURE 7 APAC TO BE THE FASTEST-GROWING MARKET FOR HYDRAULIC FLUID
FIGURE 8 HYDRAULIC FLUID MARKET TO REGISTER MODERATE GROWTH BETWEEN 2020 AND 2025
FIGURE 9 CHINA AND MINERAL OIL SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARES
FIGURE 10 APAC TO BE THE LARGEST MARKET FOR HYDRAULIC FLUID
FIGURE 11 CHINA TO BE THE FASTEST-GROWING MARKET
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE HYDRAULIC FLUID MARKET
FIGURE 13 CHANGING REVENUE MIX
FIGURE 14 HYDRAULIC FLUID MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 VALUE CHAIN OF HYDRAULIC FLUID MARKET
FIGURE 16 EUROPE TO REGISTER THE HIGHEST PRICE
FIGURE 17 LUBRICANTS INDUSTRY: ECOSYSTEM
FIGURE 18 IMPACT OF COVID-19 ON LUBRICANTS INDUSTRY - KEY HOTSPOTS OF ACTIVITIES GAINING MOMENTUM
FIGURE 19 IMPACT OF COVID-19 ON LUBRICANTS INDUSTRY ECOSYSTEM
FIGURE 20 ASSESSMENT OF LUBRICANTS INDUSTRY
FIGURE 21 MARKET SIZE ASSESSMENT OF LUBRICANTS AND SPECIALTIES OF LUBE OIL REFINERY
FIGURE 22 STRATEGIC ASSESSMENT OF OFF-HIGHWAY LUBRICANT INDUSTRY
FIGURE 23 AFTERMARKET TO DOMINATE THE HYDRAULIC FLUID MARKET DURING THE FORECAST PERIOD
FIGURE 24 MINERAL OIL-BASED HYDRAULIC FLUID TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET BETWEEN 2020 AND 2025
FIGURE 25 APAC TO BE THE LARGEST MINERAL OIL-BASED HYDRAULIC FLUID MARKET
FIGURE 26 EUROPE TO BE THE SECOND-LARGEST SYNTHETIC OIL- BASED HYDRAULIC FLUID MARKET
FIGURE 27 APAC TO BE THE LARGEST BIO-BASED HYDRAULIC FLUID MARKET
FIGURE 28 CONSTRUCTION END-USE INDUSTRY TO DOMINATE THE HYDRAULIC FLUID MARKET
FIGURE 29 NORTH AMERICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET FOR CONSTRUCTION END-USE INDUSTRY
FIGURE 30 APAC TO BE THE LARGEST HYDRAULIC FLUID MARKET IN METAL & MINING END-USE INDUSTRY
FIGURE 31 NORTH AMERICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN AGRICULTURE END-USE INDUSTRY
FIGURE 32 MIDDLE EAST & AFRICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN OIL & GAS END-USE INDUSTRY
FIGURE 33 EUROPE TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET FOR TRANSPORTATION INDUSTRY
FIGURE 34 MIDDLE EAST & AFRICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN CEMENT PRODUCTION END-USE INDUSTRY
FIGURE 35 EUROPE TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN FOOD PROCESSING END-USE INDUSTRY
FIGURE 36 APAC TO BE THE LARGEST HYDRAULIC FLUID MARKET IN OTHER END-USE INDUSTRIES
FIGURE 37 APAC TO REGISTER THE HIGHEST CAGR IN HYDRAULIC FLUID MARKET DURING FORECAST PERIOD
FIGURE 38 APAC: HYDRAULIC FLUID MARKET SNAPSHOT
FIGURE 39 NORTH AMERICA: HYDRAULIC FLUID MARKET SNAPSHOT
FIGURE 40 EUROPE: HYDRAULIC FLUID MARKET SNAPSHOT
FIGURE 41 HYDRAULIC FLUID MARKET COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 42 SMALL AND MEDIUM-SIZED ENTERPRISES (SMSE) MAPPING, 2019
FIGURE 43 EXPANSION IS THE MOST ADOPTED GROWTH STRATEGY BY MAJOR PLAYERS BETWEEN 2017 AND 2019
FIGURE 44 HYDRAULIC FLUID MARKET SHARE, BY COMPANY, 2018
FIGURE 45 ROYAL DUTCH SHELL: COMPANY SNAPSHOT
FIGURE 46 ROYAL DUTCH SHELL: WINNING IMPERATIVES
FIGURE 47 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 48 EXXONMOBIL CORPORATION: WINNING IMPERATIVES
FIGURE 49 BP P.L.C.: COMPANY SNAPSHOT
FIGURE 50 BP P.L.C.: WINNING IMPERATIVES
FIGURE 51 CHEVRON CORPORATION: COMPANY SNAPSHOT
FIGURE 52 CHEVRON CORPORATION: WINNING IMPERATIVES
FIGURE 53 TOTAL S.A.: COMPANY SNAPSHOT
FIGURE 54 TOTAL S.A.: WINNING IMPERATIVES
FIGURE 55 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
FIGURE 56 IDEMITSU KOSAN: COMPANY SNAPSHOT
FIGURE 57 SINOPEC LIMITED: COMPANY SNAPSHOT
FIGURE 58 FUCHS PETROLUB: COMPANY SNAPSHOT
FIGURE 59 JXTG HOLDINGS, INC.: COMPANY SNAPSHOT
FIGURE 60 VALVOLINE: COMPANY SNAPSHOT
FIGURE 61 LUKOIL: COMPANY SNAPSHOT
FIGURE 62 PETRONAS: COMPANY SNAPSHOT
FIGURE 63 PERTAMINA: COMPANY SNAPSHOT
FIGURE 64 GAZPROM NEFT: COMPANY SNAPSHOT
FIGURE 65 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 66 PHILLIPS 66: COMPANY SNAPSHOT
FIGURE 67 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 68 PETROBRAS: COMPANY SNAPSHOT
The study involved four major activities in estimating the market size for hydraulic fluid. 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 fluid market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the end-use industries. 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.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the hydraulic fluid market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
The key players in the industry were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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 fluid.
Report Objectives
- To analyze and forecast the size of the global hydraulic fluid market in terms of value and volume
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the global hydraulic fluid market on the basis of point of sale, base oil, end-use industry, and region
- To forecast the market size of different segments based on regions: Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To track and analyze competitive developments such as new product launch, expansion, acquisition, contract & agreement, and joint venture in the hydraulic fluid market
- To strategically profile the key players and comprehensively analyze their core competencies
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
Company Information
- Detailed analysis and profiles of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Hydraulic Fluid Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Hydraulic Fluid Market