Hydraulic Fluid Market is Growing Exponentially in Order to Gain More Demand by 2025

Posted August 19, 2020 by armaan007

Hydraulic Fluid Market expected to be valued at USD 9.0 Billion by 2025, at a CAGR of 3.1%, during 2020–2025

[207 Pages] The report "Hydraulic Fluid Market by Point of Sale (OEM, Aftermarket), Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), End-use Industry (Construction, Metal & Mining, Agriculture, Oil & Gas, Transportation, Cement Production), Region - Global Forecast to 2025", The hydraulic fluid market is projected to reach USD 9.0 billion by 2025 from USD 7.7 billion in 2020.

Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71021039

Hydraulic fluid is used to transfer power in hydraulic machinery components. It protects the equipment against shearing—the permanent loss of viscosity due to mechanical or oxidation breakdown. It also offers protection against rust, corrosion, and metal fatigue. The hydraulic fluid is combined with “keep clean” additives to prevent clogging of filters, ensuring a long life of system components. Hydraulic fluid is manufactured using base oil, such as mineral oil, synthetic oil, and bio-based oil. The major factors driving the hydraulic fluid market are massive industrialization, increasing disposable income, and rapid urbanization in emerging countries.

OEM to be faster-growing point of sale segment in overall hydraulic fluid market during forecast period.

OEM is expected to be the faster-growing segment between 2020 2025. This is attributed to the development of new products with better properties and extended life. The extended life of the initial hydraulic fluid entails longer maintenance cycle of equipment.

Mineral oil was the largest segment in the overall hydraulic fluid market in 2019.

Mineral oil was the largest segment in the overall hydraulic fluid market in 2019. Mineral oil-based hydraulic fluid is available in light and heavy grades, depending on the usage and requirement. They are produced via petroleum refineries in large quantities because of their high usage in various industrial sectors such as construction, metal & mining, cement production, and others.

Construction industry accounted for largest share of the hydraulic fluid market in 2019.

The construction industry accounted for the largest share of the hydraulic fluid market in 2019. A construction site is full of harsh conditions, where the majority of construction equipment is exposed to extreme cold, heat, moisture, and dust, which can affect the performance of equipment. The use of appropriate hydraulic fluid on a construction site helps to prevent equipment failure, eliminate downtime and reduces operating costs. Hydraulic fluid is used in various construction equipment, including bulldozers, dump trucks, draglines, scrapers & shovels, and other heavy equipment.


APAC to be the largest as well as the fastest-growing market for hydraulic fluid during the forecast period

The APAC region led the hydraulic fluid market in 2019 and is expected to witness the highest CAGR between 2020 and 2025. The increasing population in the region and the increased expenditure in the construction sector in emerging markets of China, India, and Indonesia are some of the major factors projected to drive the demand for hydraulic fluid in the region. This increased demand is expected to consequently drive the growth of the hydraulic fluid market in the region. Furthermore, improved lifestyle, increase in employment rate, rise in disposable income of the people, and increase in foreign investments in various sectors of the economy are some of the factors that make APAC an attractive market for hydraulic fluid manufacturers.

The key market players profiled in the report include Royal Dutch Shell PLC (Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co. Ltd. (Japan), and others.

Early buyers will receive 10% free customization on this report.

Don't miss out on business opportunities in Hydraulic Fluid Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow.


About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Mr. Ashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Markets And Markets
Country India
Categories Construction , Energy , Industry
Tags Hydraulic fluid , Hydraulic fluid market , Hydraulic fluid industry , hydraulic fluid applications , Hydraulic fluid manufacturers , hydraulic fluid companies , hydraulic fluid end users , COVID
Last Updated August 19, 2020