Hydraulic Fluid Market Research Report - Global Forecast till 2030

Hydraulic Fluid Market Research Report: Information by Type (Petroleum-Based Hydraulic Fluid, Bio-Based Hydraulic Fluid and Fire-Resistant Type), End-Use Industry (Oil & Gas, Automotive, Marine, Aerospace & Defense, Construction and others) and Region (Asia-Pacific, North America, Europe, Latin America and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/2531-CR | October 2019 | Region: Global | 197 pages         

Hydraulic Fluid Market

The Hydraulic Fluid Market is projected to grow at 2.91% CAGR during the forecast period.


By Type Petroleum-Based Hydraulic Fluid Bio-Based Hydraulic Fluid and Fire-Resistant Type
By End-use Industry Oil & Gas Automotive Marine Aerospace & Defense Construction

Key Players

  • Idemitsu Kosan Co. Ltd. (Japan)
  • Royal Dutch Shell Plc. (Netherlands)
  • Fuchs Petrolub AG. (Germany)
  • ExxonMobil Corporation. (USA)
  • Sinopec Limited. (China)
  • LUKOIL. (Russia)
  • Chevron Corporation. (USA)
  • Petrochina Company Limited. (China)
  • BP p.l.c. (United Kingdom) and Total S.A. (France).


  • Rising production of crude oil is the biggest driver of the global hydraulic fluid market.
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Hydraulic Fluid Market Overview

The Hydraulic Fluid Market is projected to grow at 2.91% CAGR during the forecast period.

Many fluids are formulated in various ways; therefore, they function differently and have properties not the same. For example, some fluids become biodegradable so that they do not harm the environment and others have special properties that make them resistant to fire. Fire resistance is one of the most important properties in these fluids, as they work with mechanical components that heat up and cause friction. Fire-resistant hydraulic fluid is usually the first fluid used by aerospace manufacturers because it decreases the possibility of damage.

However, it can also be designed to work with alternative water pumps to protect against the growth of microorganisms, corrosion, and rust. There are many uses for hydraulic fluid, for example, in garbage trucks, elevators, hydraulic brakes, and even power steering systems. How do you think the mechanical arm collects the trash and crushes it? Hydraulic fluid is indispensable for proper operation and helps components that operate under high pressure to function properly.

For years, manufacturers have been improving hydraulic fluid to increase Eco-durability, safety, and efficiency. Only a few manufacturers produce high-quality hydraulic fluids, and if you need some, you need to research the manufacturer to make sure you get the best product on the market. Finding the balance between performance and price is critical, and by combining both, you will end up with the best solution for your needs. Market growth is driven by industrial growth in Africa, Asia-Pacific, and the Middle East, along with increased process automation in most industries.

Hydraulic fluid market trends:

The Covid19, which started in China, has radically spread in many nations across the globe. With many states announcing crisis and complete lockdown, many industries are impacted by this, such as hydraulic fluid, tourism sector, transportation sector, and many others.

Among many segments which are getting affected extremely in numerous countries, hydraulic fluid is one of them. In fact, hydraulic fluid is a huge sector and comprises the transports sector, manufacturing industries. The work capacity is also fairly great in this sector, and with the pronouncing of the lockdown in many countries, it has been relentlessly affected.

Covid and Its Financial Impact

The coronavirus (COVID-19) pandemic is instigating the hydraulic across the globe to take a hit. The United States is reducing its impact in the most significant key performance indicators in the industry.

The Covid19 impacts all lines of the hydraulic industry, but then again, not everybody has the same capacity for reclamation. Large hydraulic establishments will definitely bounce back rapidly, but the Covid-19 disease is a check of flexibility for all other sectors. The industry fallout that is presently recounting is certainly perplexing for even the most qualified hydraulic users and manufacturers, which is why it has never been more significant to gather all the data at your disposition and plan in advance.

Global hydraulic fluid market:

OEM is expected to be the fastest-growing segment from 2020 to 2025. Hydraulic fluid manufacturers are manufacturing new products with better features and extended service life. Thus, the longer the initial hydraulic fluid's life, the shorter the drain interval in the complete life cycle of the equipment.

Based on base oil, the global market of hydraulic fluid is classified into bio-based oil, mineral oil, and synthetic oil. The mineral is the largest segment of the hydraulic fluid market. This is mainly attributed to its low cost and easy availability. However, the synthetic oil segment is expected to record the highest growth during the forecast period due to its advanced features.

Based on the end-use industry, the market is divided into food processing, construction, cement production, metal and mining, transportation, agriculture, gas, and oil. Demand for hydraulic fluid is high in the construction industry due to increased construction activities, especially in China's residential sector and the growing infrastructure developments in India.

Hydraulic fluid market share:

The research is expected to account for the largest market share in global hydraulic fluid during the forecast. The increase in population in the region, accompanied by increased construction spending in the developing markets of Indonesia, China, and India, should make this region an ideal destination for the hydraulic fluid market.

The market profiles the following companies: Idemitsu Kosan Co. Ltd. (Japan), Royal Dutch Shell Plc. (Netherlands), Fuchs Petrolub AG. (Germany), ExxonMobil Corporation. (USA), Sinopec Limited. (China), LUKOIL. (Russia), Chevron Corporation. (USA), Petrochina Company Limited. (China), BP p.l.c. (United Kingdom) and Total S.A. (France).

Royal Dutch Shell PLC is a leading producer of hydraulic fluid. The company has taken expansion as a growth strategy in the hydraulic fluid market. For example, in 2019, the company opened its first lubrication laboratory in India. The laboratory will serve as a service provider for the growing demand for innovative lubricants in the automotive and industrial segments.

ExxonMobil ranks second in the hydraulic fluids market. The company is focusing on business to remain competitive in the hydraulic fluids market. For example, in 2018, ExxonMobil acquired a manufacturer and seller of lubricants from Indonesia, PT Federal Karyatama. This increased the company's overall production capacity. The newly acquired plant has the capacity to mix and produce a lubricant of 700 thousand barrels per year. This will help to improve its market position in the country, as well as in the neighboring countries of ASEAN.

Based on the base oil, the hydraulic fluid market demand was divided as follows:

  • Bio-based oil

  • Mineral

  • Group III (Hydro-cracking)

  • Oil synthesis

  • Polyalkylene glycol (PAG)

  • Polyalphaolefin (PAO)

  • Esters

Based on the point of sale, the hydraulic fluid market was divided as follows:

  • Aftermarket

  • Original equipment manufacturer (OEM)

Based on the finite industry, the hydraulic fluid market was divided as follows:

  • Chemistry

  • Construction

  • Textile

  • Metal and Mining

  • Paper

  • Agriculture

  • Power generation

  • Cement Production

  • Oil and gas

  • Food processing

  • Transported

  • Others

Based on the region, the hydraulic fluid market was divided as follows:

  • South America

  • APAC

  • North America

  • The Middle East and Arica

  • Europe

Main market drivers

The aerospace industry: The aerospace industry has revolutionized how we explore the outer limits of the Earth, travel, and transport goods. Hydraulic system designers for the aerospace industry are constantly pushing to generate fluids, accessories, machines, and more that improve effectiveness and efficiency. With operating procedures reaching higher temperatures, forces, and speeds, this can often become difficult. Like any other type of machinery, hydraulic fluid is a fundamental aspect in the proper functioning of various components, such as the aircraft's flight control systems.

Hydraulic fluid market supply:

The basic principles of a hydraulic system are always the same - a closed system containing an incompressible fluid used to transmit power from one part of the system to another. However, hydraulics are used in many different applications - elevators, brakes, power tools, and industrial presses. These applications have various requirements for electrical properties, temperature, speed, and sometimes pressure.

Temperature: It is vital to remember what temperature the oil will be subject to. One of the advantages of hydraulics over compressed air is that, unlike air, fluids are capable of high temperatures and can help to dissipate heat and transfer energy. The disadvantage of this is that if the liquid gets too hot, it can boil and create steam pockets in the system, causing it to fail. This is a major problem in automotive brake systems, which is why a brake sole must have a very high boiling point.

Viscosity: perhaps the most important parameter in fluid selection is viscosity. The main selling point of the fluid concerning the air is that, unlike air, the fluid acts as its own lubricant. However, to achieve this effect, you need the right fluid. Pistons and other moving parts in hydraulic devices have a fragile gap between the parts, and the hydraulic fluid creates a film that smooths the movement. The wrong type of liquid can create problems - for example, a lighter oil can be more sensitive to foam at high pressure or speed.

Electrical conductivity and flammability: "Jaws of Life" is a well-known hydraulic tool used by firefighters and other first respondents to cut victims of crashed vehicles and other horrific situations quickly. The oil used for this is phosphate ester fluid; it is desirable because it is non-flammable and has a very high electrical resistance, unlike vegetable and mineral oil. This type of oil is used in many aircraft to prevent fires. If you use hydraulics in facilities such as hydrocarbon processing plants, this may be the fluid class for you. However, remember that organophosphate oils are quite dangerous to human health - ingestion of these compounds can cause serious health problems as well as skin contact; there are few reports of inhalation, although animal testing has shown some neurological problems.

Environmental impact: Some hydraulic oils are more environmentally friendly than others. If water was the original fluid used since antiquity, in the 20th century, hydraulic fluids were based on mineral oil because they have better lubricants and can be used at high temperatures. Other substances may include glycerol or esters (the latter are often used as refrigerants in major appliances, such as ice cream). However, many manufacturers have recently started to manufacture ecological and biodegradable hydraulic oils derived from vegetable oils, such as canola. These are especially popular in agriculture and other applications where a broken pressure line can contaminate human food or ecosystems.

Latest Industry News

  • November 2021- Nano Gas™ Technologies and PCT LTD. Happily announced a joint patent-pending technology engineered to offer an environment-friendly solution for the oil and gas industry. The technology has been under testing for quite a long time using PCT Ltd.’s Catholyte only with excellent results, as per the reading by an independent international lab situated in Houston, Texas. In the beginning, the water to oil ratio (WOR) was 99/1 the pumping of Catholyte - a hydraulic fluid mainly containing cationic species- into the wells.
    The latest product line by PCTL/NANO GAS’™ is called Nanolyte. The fluids come in two different forms: Nano-Hydrolyte™ and Nano-Catholyte™.
    Nano-Catholyte™, a nanobubble infused alkaline oil, and Nano-Hydrolyte™, a biocide, recuperate fluid with both surface chemistry and wedge effect mechanism for better oil recovery. These products have proven no harm to the environment and are added to green solutions for the oil industry, including fracturing, EOR, and downhole bacteria control, including H2S remediation.

  • Spanish company Cepsa is partnering with GP Global energy Pvt Ltd in India to increase the production capacity of its lubricants for marine and power generation. India is a fast emerging market, and in an effort to tap it, Cepsa hopes that the partnership will prove to be a lucrative alliance. Hydraulic fluid in the form of hydraulic oils will be a part of the product offering, and the partnership is expected to boost R&D activities to assist in developing technologically advanced products.

  • ExxonMobil has recently launched a new Mobil SHC Aware Series of hydraulic oils which are designed and formulated to offer protection in challenging marine operating environments. These oils meet all regulatory requirements and are environmentally acceptable.

Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   2.91% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    Type and end-use industry
  Geographies Covered    Asia Pacific, North America, and Europe, America and Middle East & Africa
  Key Vendors   Idemitsu Kosan Co. Ltd. (Japan), Royal Dutch Shell Plc. (Netherlands), Fuchs Petrolub AG. (Germany), ExxonMobil Corporation. (USA), Sinopec Limited. (China), LUKOIL. (Russia), Chevron Corporation. (USA), Petrochina Company Limited. (China), BP p.l.c. (United Kingdom) and Total S.A. (France).
  Key Market Opportunities   Application in transports sector and manufacturing industries
  Key Market Drivers   Rising production of crude oil is the biggest driver of the global hydraulic fluid market.

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Frequently Asked Questions (FAQ) :

The global hydraulic fluid market is expected to expand at a CAGR of 2.91% from 2019 to 2025.

Rising production of crude oil is the biggest driver of the global hydraulic fluid market.

Fluctuating prices of crude oil prices can dampen the global hydraulic fluid market growth.

The oil & gas industry is the biggest end-user of the global hydraulic fluid market.

APAC will be the best performer of the global hydraulic fluid market with a CAGR of 3.12% from 2019 to 2025.