Market Leader - Hydraulic Fluids Market
In terms of value, the hydraulic fluids market is estimated to grow from USD 8.7 billion in 2024 to USD 10.2 billion by 2029, at a CAGR of 3.2%. Hydraulic fluids market have grown as the demand from food processing end-use industry, and rising industrial growth in the Middle East & Africa and Asia Pacific region. These factors drive the hydraulic fluids market.
The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), FUCHS SE (Germany) PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others. The hydraulic fluids market has witnessed insignificant growth in the past few years; government regulations and changing lifestyle drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
To know about the assumptions considered for the study download the pdf brochure
Shell plc is one of the world’s largest oil & gas companies. It operates its operations with their five business segments, namely, integrated gas, renewables & energy solutions, marketing, chemical & products, and upstream. The company offers its hydraulic fluids for a wide range of end-use industries including construction, power generation, food processing, cement manufacturing and among others. It operates with 6 base oil storage hubs, 10 grease plants, 32 blending plants, and 4 base oil manufacturing plants. It has strong presence in European, North American, South American, the Middle East & Africa, and Asia Pacific region. In January 2024, shell plc plc acquired the Environmentally Considerate Lubricants (ECLs) business from the PANOLIN Group, which has subsidiaries in Switzerland, the UK, the US, and Sweden.
Exxon Mobil Corporation is a global specialty oil & gas company and also one of the largest companies in standings of revenue generation. The company is a global leader for synthetic oil technology and markets its hydraulic fluids products globally with brands such as Exxon, Mobil, and Esso. It has strong presence globally in more than 160 countries. It operated with five business segments, energy products, upstream, chemical products, specialty products, and corporate & financing. The company owns 6 base stock refineries and 21 blending plants in 25 countries which are present in almost all regions. In May 2024, Exxon Mobil Corporation acquired Pioneer Natural Resources Company to establish a unique, unconventional business in the Permian Basin.
Related Reports:
Hydraulic Fluids Market by Base Oil (Mineral Oil, Synthetic Oil), Point of Sale (OEM and Aftermarket), Application (Mobile Equipment), End-use Industry (Construction, Agriculture, Transportation, Metal & Mining), and Region - Global Forecast to 2029
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
