Hydraulic Fluid Market Research Report- Forecast to 2023

Hydraulic Fluid Market Research Report- Forecast to 2023

ID: MRFR/CnM/2531-CRR | July, 2017 | Region: Global | 131 pages | Cooked Research Reports

Global Hydraulic Fluid Market information- by type (Petroleum based, Bio-Based, Fire-Resistant), by End Use Industry (Oil & Gas, Automobile, Marine¸ Aircraft, Industrial Machinery, Construction, and Others), and by Region- Forecast to 2023

Hydraulics is a technology involving the mechanical properties, which operates through the force of liquid pressure. In a Hydraulic system, Hydraulic Fluid is used as an energy transfer medium. It is also useful in other applications such as heat transfer, sealing, contamination removal, corrosion resistance, and lubrication. This industry’s future growth path is determined by high demand in oil & gas, automobile, marine¸ aircraft, industrial machinery, construction, and others industries. Global Hydraulic Fluid Market is expected to witness a significant growth of USD 4,317.10 million by 2023, with CAGR of 2.57% during forecasted period. The market witnesses a potential growth over the forecasted period on account of growing industries such as oil & gas, automobile, and others in Hydraulic Fluid Market.


On the basis of type, Global Hydraulic Fluid Market is divided into petroleum based, bio based and fire resistant type. Among all, petroleum based Hydraulic Fluid is forecasted to emerge as the fastest growing product segment. The geographical segmentation includes the current and estimate demand for Europe, Latin America, North America, Asia Pacific, and Middle East & Africa. This segmentation includes demand for separate industries in all the regions, for instance, Asia Pacific has the biggest market for Hydraulic Fluid due to high consumption in automotive and oil & gas industry, especially in China, India, and Japan. On the other hand, fluctuating prices of crude oil, strict environmental regulations including storage, usage and handling, can hamper the growth of Hydraulic Fluid Market in near future.

Global Hydraulic Fluid Market (2016-2023) (USD Million):

 Hydraulic Fluid Market

In 2015, Global Hydraulic Fluids Market is expect to reach USD 4,317.10 million by 2023 during forecasted period 2016-2023. This is attributed to growing end user industries such as automotive and oil & gas industry coupled with the developing economic conditions of various regions are fueling up the market demand for Hydraulic Fluid.  

Regional Analysis:
Geographically, Asia Pacific accounts for largest market share with 35% in Global Hydraulic Fluid Market Growth. The growing end user industries such as automotive and oil & gas is anticipated to drive the Hydraulic Fluid Market in this region. Owing to lenient regulations, and increasing industrial demand in emerging economies, the demand for hydraulic fluid in Asia-Pacific region especially, in China and India has gone up. Following APAC, North America is the second largest market in Global Hydraulic Fluid Market and is one of the profitable market in terms of value which is estimated to reach USD 990.4 million with CAGR of 1.90%. The US drive the North American Hydraulic fluid Market by registering highest demand for Hydraulic Fluid in 2016. Europe accounts for the third largest share in the Global Hydraulic Fluid Market in 2016. Germany, France and the UK led the demand for Hydraulic Fluid in this region. On the other hand, Latin America, Middle East & Africa is another attractive market for Hydraulic Fluid and likely to show better growth over the forecast period.

The Global Hydraulic Fluid Market is majorly segmented on the basis of type, end users, and region. Based on the type of hydraulic fluids, the market is segmented into petroleum based, bio-based, fire-resistant. On the other hand, based on end user, the market is segmented into oil & gas, automobile, marine¸ aircraft, industrial machinery, construction, and others. Similarly, based on region, this market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

Key Players:
Key players of the Global Hydraulic Fluid Market are Royal Dutch Shell plc (Netherland), Exxon Mobil Corporation (US), The Dow Chemical Company (US), BASF SE (Germany), Condat (Europe), Eastman Chemical Company (US), Schaeffer Manufacturing Co (US), LUKOIL Lubricants Company (Russia), British Petroleum Plc. (UK), Castrol Limited (UK), and others.

Geographical Analysis:  
The report covers brief analysis of Geographical Regions such as North America, Europe, APAC, and Latin America, Middle East & Africa.

Key Findings:

  • Global Hydraulic Fluid Market is projected to reach USD 4,317.10 million by 2023 with 2.57% CAGR during the forecast period of 2017-2023

  • Asia pacific accounts for largest share due to massive growth as well as automotive production in this region and it is anticipated to exhibit highest CAGR of 3.10% during forecast period.

  • Key players including Royal Dutch Shell plc, Exxon Mobil Corporation, BASF SE, and Eastman Chemical Company are investing more into product development, and expanding in other regions.

  • On the basis of type global hydraulic fluid market is divided into petroleum based, bio based and fire resistant type, of which petroleum based hydraulic fluid is the largest segment with market share of more than 72%.

  • Based on the end user industries, market is segmented into oil and gas, automotive, marine, aircraft, industrial machinery, construction and others. Among all oil and gas industry is the biggest segment with market share of more than 38%.

  • Emerging automotive industry has surged demand for hydraulic fluid over the past few years and it is anticipated to upkeep the demand during forthcoming years.

Intended Audience:

  • Hydraulic fluid manufacturers

  • Traders and distributors of hydraulic fluid

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory


Single User Enterprise User (Buy Premium Reports Chapterwise)

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Hydraulic Fluid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6.1 Introduction

6.2 Growth Drivers & Trends

6.3 Impact analysis

7.1 Introduction

7.2 Petroleum based

7.3 Bio-based

7.4 Fire-resistant

7.5 Others

8.1 Introduction

8.2 Oil & gas

8.3 Automobile

8.4 Marine

8.5 Aircraft

8.6 Industrial Machinery

8.7 Construction

8.8 Others

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.3 Europe

9.3.1 Germany

9.3.2. France

9.3.3 UK

9.3.4 Italy

9.3.5 Russia

9.3.6 France

9.3.7 Poland

9.3.8 Spain

9.3.9 Rest of Europe

9.4 Asia-Pacific

9.4.1 China

9.4.2 India

9.4.3 Japan

9.4.4 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Turkey

9.5.2 Israel

9.5.3 GCC

9.5.4 North Africa

9.5.5 Rest of Middle East & Africa

9.6 Latin America

9.6.1 Brazil

9.6.2 Argentina

9.6.3 Rest of Latin America

11.1 Royal Dutch Shell plc

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Exxon Mobil Corporation

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 The Dow Chemical Company

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 BASF SE

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Condat

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Eastman Chemical Company

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Schaeffer Manufacturing Co

11.8.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 LUKOIL Lubricants Company

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 British Petroleum Plc.

11.8.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Castrol Limited

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments