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Global Hydraulic Fluids Market Demand & Forecast Analysis, 2016-2032

Introduction to Hydraulic Fluids Market

Hydraulic fluids are non-compressible fluids used in the transfer of power within hydraulic equipments and machinery. Although transmitting energy is the core purpose of hydraulic fluids, they are also useful in other secondary functions such as heat transfer, sealing, contamination removal, and lubrication. Rising demand for hydraulic equipments in various end-use industries, developing infrastructure projects and increasing awareness of the advantages of hydraulics is expected to augment the global hydraulic fluids market.

Hydraulic Fluids Market Segmentation

Different hydraulic fluids are used for different hydraulic applications, i.e., hydrostatics and hydrodynamics. Hydraulic oils are used for hydrostatic applications while power-transmission oils are used for hydrodynamic applications.

Global Hydraulic Fluids Demand, By Base Oil Types, 2016-2032

Hydraulic Fluids Market, By Base Oil Types
Source: Secondary & Primary Research and Prismane Consulting estimates
Depending upon the base oil type, the hydraulic fluids market is segmented into mineral oil, semi-synthetic oil, synthetic oil, and bio-based oil. Mineral-based hydraulic fluids are derived from crude oil fractions. Mineral oils are comparatively less expensive than synthetic oils since they are petroleum-based.

Synthetic-based hydraulic fluids are made up of chemically produced base oils. These fluids are designed to compensate for the drawbacks of mineral-based fluids. Synthetic oils also show better performance at high temperatures, with superior oxidation stability and biodegradability. These fluids, however, are more expensive and could be toxic in nature. Polyalphaolefin (PAO), polyalkylene glycol (PAG) and ester oils are some examples of synthetic hydraulic fluids.

In terms of end-use industry, the hydraulic fluids market is segmented into construction, mining, oil & gas, transportation and food & beverages. The transportation segment is further classified into automotive, aviation and marine. Equipments & machinery like excavators, lifts, trucks, industrial machines use hydraulic fluids in these industries.

Global Hydraulic Fluids Demand, By End Use, 2016-2032

Hydraulic Fluids Demand, By End Use
Source: Secondary & Primary Research and Prismane Consulting estimates

Hydraulic Fluids Market overview

The global hydraulic fluids market is dominated by Asia Pacific, led by China. On the back of a strong automotive and construction industry, China is the largest consumer of hydraulic fluids. Japan, India and South Korea are also major contributors to the regional hydraulic fluids market. Rapid population growth and developing economy in the region is driving the growth of automotive and construction markets. Hydraulic fluids market in the region is set to increase on the back of developments in these industries.

North America is the second biggest market for hydraulic fluids market and it is projected to witness moderate growth in the forecast period. USA dominates the regional hydraulic fluids market and while Mexico and Canada are projected to show high growth rate during the forecast.

In Western Europe, Germany, France, Italy, Spain and UK are major contributors regional hydraulic fluids market. During the forecast period, Strong automotive production is expected to propel the synthetic hydraulic fluids market in the region.

Hydraulic Fluids Market Trends

Hydraulic fluids reduce the friction between the surfaces and remove the heat generated in the vehicle components, thereby increasing its overall life cycle. Increasing technological advancements and rising populations will significantly augment the demand for vehicles, which will in turn increase the hydraulic fluids market during the forecast. Growing consumer awareness on the advantages of hydraulic oils like superior oxidation stability and biodegradability will also propel the global hydraulic fluids market.

Mineral-based oils are naturally occurring and constitute for a major share of the hydraulic fluids market. Since mineral-based oils are derived from crude oil fractions, fluctuations in crude oil prices thus have a pronounced impact on mineral-based oil prices, which in turn affects the hydraulic fluids market. Volatility in raw material prices is thus a restraining factor for the global hydraulic fluids market.

Key Players in Hydraulic Fluids Market

Shell Corporation, ExxonMobil, British Petroleum, Chevron Corporation, TotalEnergies, Petrochina, Idemitsu Kosan, Indian Oil Corporation (IOCL), Sinopec, Valvoline, Lukoil, Morris Lubricants, Peak Lubricants, Penrite Oil, Amalie Oil Company, ENI SPA and Rock Valley Oil & Chemical Company are key manufacturers in the hydraulic fluids market.

Scope of Report 

The Hydraulic Fluids report describes the global Hydraulic Fluids market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Base Oil Types and Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Hydraulic Fluids Market data in terms of volume and value for each end-use 
   at regional and country level
•  Hydraulic Fluids Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Base Oil Types
          -  End Use Industry
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Transportation
      • Mining
      • Construction
      • Oil & Gas
      • Food & Beverages
      • Industrial
      • Others 
5.  Introduction to Hydraulic Fluids and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Hydraulic Fluids Demand Analysis, By Base Oil Types, By End Use Industry (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Hydraulic Fluids Market, By Base Oil Types
          - Mineral Oil
          - Synthetic Oil
          - Semi-Synthetic Oil
          - Bio-Based Oil
      •  Global Hydraulic Fluids Market, By Applications
          - Transportation
               - Automotive
               - Aviation
               - Marine
          - Mining
          - Construction
          - Oil & Gas
          - Food & Beverage
          - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Hydraulic Fluids Market, By Base Oil Types
      •  Hydraulic Fluids Market, By End Use Industry
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by base oil types and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the base oil types and applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Hydraulic Fluids Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             - Shell Corporation
             - ExxonMobil
             - British Petroleum
             - Chevron Corporation
             - Total
             - Petrochina
             - Idemitsu Kosan
             - Indian Oil Corporation (IOCL)
             - Sinopec
             - Valvoline
             - Lukoil
             - Morris Lubricants
             - Peak Lubricants
             - Penrite Oil
             - Amalie Oil Company
             - ENI SPA
             - Rock Valley Oil & Chemical Company
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Hydraulic Fluids report describes the global Hydraulic Fluids market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Base Oil Types and Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Hydraulic Fluids Market data in terms of volume and value for each end-use 
   at regional and country level
•  Hydraulic Fluids Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment