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
Global Hydraulic Fluid Market (2016-2023) (USD Million):
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.
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 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.
The report covers brief analysis of Geographical Regions such as North America, Europe, APAC, and Latin America, Middle East & Africa.