Hydraulic Fluid Market Research Report - Global Forecast till 2027

Global 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 2027.

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

Please note that the assessment period of the report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Hydraulic fluid market overview

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.


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



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.

1 Report Prologue


2 Market Definition

2.1 Definition 12

2.2 Scope of the Study 12

2.3 Research Objectives 12

2.4 Assumptions 13

2.5 Limitations 13

2.6 Markets Structure 13

3 Research Methodology

3.1 Research Process 14

3.2 Primary Research 15

3.3 Secondary Research 15

3.4 Market Size Estimation 16

3.5 Forecast Model 17

4 Market Dynamics

4.1 Drivers 18

4.1.1 Increasing crude oil production is a major market driver 18

4.1.2 Flourishing automotive industry has surged demand for hydraulic fluid over the past few years and it is anticipated to upkeep the demand during forthcoming years. 19

4.1.3 On account of stringent emission guidelines and regulaterly framework, Bio-based hydraulic fluids has emerged as new market driver with significant demand in global market 19

4.1.4 Increasing industrial production as well as rising industrialization has led demand for hydraulic fluid 19

4.2 Restraints 20

4.2.1 Unstable crude oil prices acts as a major restraing factor 20

4.2.2 Strict environmental regulations expected to pose as a growth barrier 20

4.3 Opportunities 21

4.3.1 Thriving automotive industry is expecetd to uncover healthy growth opportunitities for hydraulic fluids during forthcoming years 21

4.4 Market Trends 21

4.4.1 Adoption of bio-based hydraulic fluid on accopunt of environment safety 21

5 Market Factor Analysis

5.1 Supply Chain Analysis 22

5.1.1 Raw Material (Crude Purchase) 22

5.1.2 Hydraulic Fluids Producers (Refining/Processing) 22

5.1.3 Distributors 23

5.1.4 End-User(Market Players) 23

5.2 Porter's 5 Forces Analysis 24

5.2.1 Competative Rivalry (High) 24

5.2.2 Threat of New Entrants (Relatively Medium) 25

5.2.3 Threat of Substitute (LOW) 25

5.2.4 Bargaining Power of Supplier (LOW) 25

5.2.5 Bargaining Power of Buyers (HIGH) 26

6 Global Hydraulic Fluid Market, by Type

6.1 Introduction 27

6.2 Petroleum Based Hydraulic fluid 29

6.3 Bio-Based Hydralic fluid 30

6.4 Fire-resistant Type 32

7 Global Hydraulic Fluid Market, by End-Use Industry

7.1 Introduction 34

7.2 Oil & Gas 37

7.3 Automotive 38

7.4 Marine 39

7.5 Aerospace & Defense 40

7.6 Construction 42

7.7 Others (Minnig, Forestry, and Agriculture) 43

8 Global Hydraulic Fluid Market, by Region

8.1 Introduction 44

8.2 North America 45

8.3 Europe 53

8.4 Asia Pacific 73

8.5 Latin America 84

8.6 Middle East & Africa 93

9 Competitive Landscape

9 Competitive Landscape 107

9.1 Introduction 107

9.2 Agreement 108

9.3 Expansion 110

9.4 Product Launch 112

9.5 Acquisition 113

9.6 Product Development and Joint Venture 114

10 Company Profile

10.1 Royal Dutch Shell plc. 116

10.1.1 Company Overview 116

10.1.2 Product/Business Segment Overview 116

10.1.3 Financial Overview 117

10.1.4 Key Developments 117

10.2 Exxon Mobil Corporation 119

10.2.1 Company Overview 119

10.2.2 Product/Business Segment Overview 119

10.2.3 Financial Updates 120

10.2.4 Key Developments 121

10.3 Dow 122

10.3.1 Company Overview 122

10.3.2 Product/Business Segment Overview 122

10.3.3 Financial Updates 123

10.4 BASF SE 124

10.4.1 Company Overview 124

10.4.2 Product/Business Segment Overview 124

10.4.3 Financial Updates 125

10.4.4 Key Developments 125

10.5 Condat 126

10.5.1 Company Overview 126

10.5.2 Product/Business Segment Overview 126

10.5.3 Financial Updates 126

10.5.4 Key Developments 126

10.6 Eastman Chemical Company 127

10.6.1 Company Overview 127

10.6.2 Product/Business Segment Overview 127

10.6.3 Financial Updates 127

10.6.4 Key Developments 127

10.7 Schaeffer Manufacturing Co 128

10.7.1 Company Overview 128

10.7.2 Product/Business Segment Overview 128

10.7.3 Financial Updates 128

10.7.4 Key Developments 128

10.8 LUKOIL Marine Lubricants DMCC 129

10.8.1 Company Overview 129

10.8.2 Product/Business Segment Overview 129

10.8.3 Financial Updates 129

10.8.4 Key Developments 129

10.9 Chevron Corporation. 130

10.9.1 Company Overview 130

10.9.2 Product/Business Segment Overview 130

10.9.3 Financial Updates 130

10.9.4 Key Developments 130

10.10 Indian Oil Corporation Ltd 131

10.10.1 Company Overview 131

10.10.2 Product/Business Segment Overview 131

10.10.3 Financial Updates 131

10.10.4 Key Developments 131

11 Conclusion


12 List of Tables

TABLE 1 GLOBAL HYDRAULIC FLUID MARKET BY TYPE, 2020–2027 (USD MILLION) 28

TABLE 2 GLOBAL HYDRAULIC FLUID MARKET BY TYPE, 2020–2027 (THOUSAND TONS) 29

TABLE 3 GLOBAL PETROLEUM BASED MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (USD MILLION) 29

TABLE 4 GLOBAL PETROLEUM BASED MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (THOUSAND TON) 30

TABLE 5 GLOBAL BIO-BASED MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (USD MILLION) 30

TABLE 6 GLOBAL BIO-BASED MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (THOUSAND TONS) 31

TABLE 7 GLOBAL FIRE-RESISTANT TYPE MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (USD MILLION) 32

TABLE 8 GLOBAL FIRE-RESISTANT TYPE MARKET FOR HYDRAULIC FLUID, BY REGION 2020–2027 (THOUSAND TONS) 33

TABLE 9 GLOBAL HYDRAULIC FLUID MARKET BY END-USER INDUSTRIES, 2020–2027 (USD MILLION) 35

TABLE 10 GLOBAL HYDRAULIC FLUID MARKET BY END-USER INDUSTRIES, 2020–2027 (THOUSAND TONS) 36

TABLE 11 GLOBAL OIL & GAS MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 37

TABLE 12 GLOBAL OIL & GAS MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 37

TABLE 13 GLOBAL AUTOMOBILE MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 38

TABLE 14 GLOBAL OIL & GAS MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 38

TABLE 15 GLOBAL MARINE MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 39

TABLE 16 GLOBAL MARINE MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 39

TABLE 17 GLOBAL AIRCRAFT MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 40

TABLE 18 GLOBAL AIRCRAFT MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 40

TABLE 19 GLOBAL INDUSTRIAL MACHINERY MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 41

TABLE 20 GLOBAL INDUSTRIAL MACHINERY MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 41

TABLE 21 GLOBAL CONSTRUCTION MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 42

TABLE 22 GLOBAL CONSTRUCTION MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 42

TABLE 23 GLOBAL OTHERS MARKET FOR HYDRAULIC FLUID, 2020–2027 (USD MILLION) 43

TABLE 24 GLOBAL OTHERS MARKET FOR HYDRAULIC FLUID, 2020–2027 (THOUSAND TONS) 43

TABLE 25 GLOBAL HYDRAULICFLUID MARKET, BY REGION 2020–2027 (USD MILLION) 44

TABLE 26 GLOBAL HYDRAULICFLUID MARKET, BY REGION 2020–2027 (THIUSAND TONS) 45

TABLE 27 NORTH AMERICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (USD MILLION) 45

TABLE 28 NORTH AMERICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (THOUSAND TON) 46

TABLE 29 NORTH AMERICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 46

TABLE 30 NORTH AMERICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 47

TABLE 31 NORTH AMERICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 47

TABLE 32 NORTH AMERICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 48

TABLE 33 US HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 48

TABLE 34 US HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 49

TABLE 35 US HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 49

TABLE 36 US HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 50

TABLE 37 CANADA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 50

TABLE 38 CANADA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 51

TABLE 39 CANADA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 51

TABLE 40 CANADA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 52

TABLE 41 EUROPEAN HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (USD MILLION) 53

TABLE 42 EUROPEAN HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (THOUSAND TON) 54

TABLE 43 EUROPEAN HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 55

TABLE 44 EUROPEAN HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 55

TABLE 45 EUROPEAN HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 56

TABLE 46 EUROPEAN HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 57

TABLE 47 GERMANY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 57

TABLE 48 GERMANY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 58

TABLE 49 GERMANY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 58

TABLE 50 GERMANY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 59

TABLE 51 UK HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 59

TABLE 52 UK HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 60

TABLE 53 UK HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 60

TABLE 54 UK HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 61

TABLE 55 RUSSIA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 61

TABLE 56 RUSSIA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 62

TABLE 57 RUSSIA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 62

TABLE 58 RUSSIA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 63

TABLE 59 FRANCE HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 63

TABLE 60 FRANCE HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 64

TABLE 61 FRANCE HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 64

TABLE 62 FRANCE HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 65

TABLE 63 SPAIN HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 65

TABLE 64 SPAIN HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 66

TABLE 65 SPAIN HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 66

TABLE 66 SPAIN HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 67

TABLE 67 ITALY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 67

TABLE 68 ITALY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 68

TABLE 69 ITALY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 68

TABLE 70 ITALY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 69

TABLE 71 POLAND HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 69

TABLE 72 POLAND HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 70

TABLE 73 POLAND HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 70

TABLE 74 POLAND HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 71

TABLE 75 REST OF THE EUROPE HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 71

TABLE 76 REST OF THE EUROPE HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 72

TABLE 77 REST OF THE EUROPE HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 72

TABLE 78 REST OF THE EUROPE HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 73

TABLE 79 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (USD MILLION) 73

TABLE 80 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (THIUSAND TON) 74

TABLE 81 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 74

TABLE 82 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 75

TABLE 83 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 75

TABLE 84 ASIA PACIFIC HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TON) 76

TABLE 85 CHINA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 76

TABLE 86 CHINA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TON) 77

TABLE 87 CHINA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (USD MILLION) 77

TABLE 88 CHINA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 78

TABLE 89 JAPAN HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 78

TABLE 90 JAPAN HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TONS) 79

TABLE 91 JAPAN HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (USD MILLION) 79

TABLE 92 JAPAN HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 80

TABLE 93 INDIA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 80

TABLE 94 INDIA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TONS) 81

TABLE 95 INDIA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (USD MILLION) 81

TABLE 96 INDIA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 82

TABLE 97 REST OF THE ASIA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 82

TABLE 98 REST OF THE ASIA FLUID MARKET BY TYPE 2020–2027 (THOUSAND TONS) 83

TABLE 99 REST OF THE ASIA FLUID MARKET BY END-USE INDUSTRY 2020–2027 (USD MILLION) 83

TABLE 100 REST OF THE ASIA FLUID MARKET BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 84

TABLE 101 LATIN AMERICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (USD MILLION) 84

TABLE 102 LATIN AMERICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (THOUSAND TON) 85

TABLE 103 LATIN AMERICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 85

TABLE 104 LATIN AMERICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TON) 86

TABLE 105 LATIN AMERICA HYDRAULIC FLUID MARKET, BY END-USE R 2020–2027 (USD MILLION) 86

TABLE 106 LATIN AMERICA HYDRAULIC FLUID MARKET, BY END-USE R 2020–2027 (THOUSAND TON) 87

TABLE 107 BRAZIL HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 87

TABLE 108 BRAZIL HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TON) 88

TABLE 109 ARGENTINA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 88

TABLE 110 ARGENTINA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TON) 89

TABLE 111 ARGENTINA HYDRAULIC FLUID MARKET BY END-USE R 2020–2027 (USD MILLION) 89

TABLE 112 ARGENTINA HYDRAULIC FLUID MARKET BY END-USE R 2020–2027 (THOUSAND TON) 90

TABLE 113 REST OF THE LATIN AMERICA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (USD MILLION) 90

TABLE 114 REST OF THE LATIN AMERICA HYDRAULIC FLUID MARKET BY TYPE 2020–2027 (THOUSAND TONE) 91

TABLE 115 REST OF THE LATIN AMERICA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (USD MILLION) 91

TABLE 116 REST OF THE LATIN AMERICA HYDRAULIC FLUID MARKET BY END-USE INDUSTRY 2020–2027 (THOUSAND TONE) 92

TABLE 117 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (USD MILLION) 93

TABLE 118 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY COUNTRY 2020–2027 (THOUSAND TONS) 93

TABLE 119 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 94

TABLE 120 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 94

TABLE 121 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 95

TABLE 122 MIDDLE EAST & AFRICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 96

TABLE 123 TURKEY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 96

TABLE 124 TURKEY HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 97

TABLE 125 TURKEY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 97

TABLE 126 TURKEY HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 98

TABLE 127 ISRAEL HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 98

TABLE 128 ISRAEL HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 99

TABLE 129 ISRAEL HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 99

TABLE 130 ISRAEL HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 100

TABLE 131 NORTH AFRICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 100

TABLE 132 NORTH AFRICA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 101

TABLE 133 NORTH AFRICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 101

TABLE 134 NORTH AFRICA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 102

TABLE 135 G.C.C. HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 102

TABLE 136 G.C.C. HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 103

TABLE 137 G.C.C. HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 103

TABLE 138 G.C.C. HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 104

TABLE 139 REST OF MEA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (USD MILLION) 104

TABLE 140 REST OF MEA HYDRAULIC FLUID MARKET, BY TYPE 2020–2027 (THOUSAND TONS) 105

TABLE 141 REST OF MEA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (USD MILLION) 105

TABLE 142 REST OF MEA HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 2020–2027 (THOUSAND TONS) 106

TABLE 143 AGREEMENT, 2020-2027 109

TABLE 144 EXPANSION, 2020-2027 111

TABLE 145 PRODUCT LAUNCH, 2020-2027 113

TABLE 146 ACQUISITION, 2020-2027 114

TABLE 147 PRODUCT DEVELOPMENT, AND JOINT VENTURE, 2020-2027 115

TABLE 148 ROYAL DUTCH SHELL: SEGMENTATION 116

TABLE 149 ROYAL DUTCH SHELL PLC: KEY DEVELOPMENT 117

TABLE 150 EXXON MOBIL CORPORATION: SEGMENTATION 119

TABLE 151 EXXON MOBIL CORPORATION: KEY DEVELOPMENT 121

TABLE 152 THE DOW CHEMICAL COMPANY: SEGMENTATION 122

TABLE 153 BASF SE: SEGMENTATION 124

TABLE 154 BASF SE: KEY DEVELOPMENT 125

TABLE 155 CONDAT: SEGMENTATION 126

TABLE 156 EASTMAN CHEMICAL COMPANY: SEGMENTATION 127

TABLE 157 EASTMAN CHEMICAL COMPANY: KEY DEVELOPMENT 128

TABLE 158 SCHAEFFER MANUFACTURING COMPANY: SEGMENTATION 129

13 List of Figures

FIGURE 1 GLOBAL MICRO REACTOR TECHNOLOGY MARKET OUTLOOK (2020-2027) 11

FIGURE 2 MRFR RESEARCH PROCESS 14

FIGURE 3 TOP-DOWN AND BOTTOM-DOWN APPROACH 16

FIGURE 4 GLOBAL HYDRAULIC FLUID MARKET BY TYPE, 2020–2027 (USD MILLION) 27

FIGURE 5 GLOBAL HYDRAULIC FLUID MARKET BY TYPE, 2020–2027 (THOUSAND TONS) 28

FIGURE 6 GLOBAL HYDRAULIC FLUID MARKET BY END-USER INDUSTRIES, 2020–2027 (USD MILLION) 34

FIGURE 7 GLOBAL MARKET SHARE FOR HYDRAULIC FLUID MARKETM, BY REGION IN 2020 (%) 44

FIGURE 8 AGREEMENT, PRODUCT LAUNCH, AND EXPANSION WAS THE KEY GROWTH STARTERGY ADOPTED BY HYDRAULIC FLUID PLAYERS, 2020–2027 107

FIGURE 9 AGREEMENT: THE MAJOR STRATERGY ADOPTED BY, ROYAL DUTCH SHELL, EXXONMOBIL, EASTMAN CHEMICAL 2020–2027 108

FIGURE 10 EXPANSION: THE MAJOR STRATERGY ADOPTED BY, ROYAL DUTCH SHELL, BASF SE, AND EASTMAN CHEMICAL 2020–2027 110

FIGURE 11 PRODUCT LAUNCH: THE MAJOR STRATERGY ADOPTED BY, ROYAL DUTCH SHELL, 2020–2027 112

FIGURE 12 ACQUISITION: THE MAJOR STRATERGY ADOPTED BY, ROYAL DUTCH SHELL, AND EASTMAN CHEMICAL 2012–2017 113

FIGURE 13 PRODUCT DEVELOPMENT, AND JOINT VENTURE ADOPTED BY, ROYAL DUTCH SHELL, AND BASF SE 2012–2017 114

FIGURE 14 ROYAL DUTCH SHELL: RECENT FINANCIALS 117

FIGURE 15 EXXON MOBIL CORPORATION: RECENT FINANCIALS 120

FIGURE 16 EXXON MOBIL CORPORATION: RECENT FINANCIALS BY REGION 120

FIGURE 17 THE DOW CHEMICAL COMPANY: RECENT FINANCIALS BY REGION 123

FIGURE 18 BASF SE: RECENT FINANCIALS BY REGION 125