Hydraulic Fluids Market by Base Oil (Mineral Oil, Synthetic Oil), Point of Sale (OEM and Aftermarket), Application (Mobile Equipment), End-use Industry (Construction, Agriculture, Transportation, Metal & Mining), and Region - Global Forecast to 2029
In terms of value, the hydraulic fluids market is estimated to grow from USD 8.7 billion in 2024 to USD 10.2 billion by 2029, at a CAGR of 3.2%. The rising industrial growth in the Middle East & Africa and Asia Pacific, growing automating in end-use industries, mounting demand from for processed foods are driving the hydraulic fluids market. Also, as individuals become more conscious of the probable health hazards linked to mineral oil based lubricants, there is an growing desire for synthetic and bio-based lubricant alternatives.
“Mobile Equipment was the largest application of hydraulic fluids market, in terms of value, in 2023.”
Mobile equipment is the largest application of hydraulic fluids market. The hydraulic industry has spread to the whole set of industries from the metal & mining, agriculture, construction, power generation, cement production, and others. These industries are mostly using various mobile machinery such as excavators, loaders, tractors, cranes, forklifts, and others. All of these machines are powered by hydraulic systems, which are essential for power transmission and control. The growth of infrastructure projects, building construction operations, and the application of agricultural labor-saving machinery worldwide are the major factors behind the growing demand for hydraulic fluids in the mobile equipment.
“Metal & mining was the second largest end-use industry of the hydraulic fluids market, in terms of value, in 2023.”
Metal & mining stands as the second largest end-user industry in the hydraulic fluids market due to its extensive reliance on various equipments for smooth operation and maintenance. These equipments includes excavators, dump trucks, cranes, crushers, and others. The metal & mining industry is heavily relies on various heavy machinery and equipment, which require continuous lubrication to operate efficiently in harsh conditions. With continuous operations, safety concerns, and a global metal demand, metal & mining remains a second largest sector for hydraulic fluids usage.
“The Middle East & AFrica is projected to be the second fastest-growing region, during the forecast period in the hydraulic fluids market.”
Petrochemical and downstream industries are equally expected to foster the hydraulic fluids market in the Middle East and Africa as it is expected to be the second fastest growing market during forecast period. This mainly because of the rising industrialization and infrastructure development in mining, oil exploration industries, automobiles and agriculture. Moreover, from these regions, there is the increasing interest in infrastructural development and urbanization and hence, the subsequent demand for hydraulic fluids to be used in the machinery and equipments would enable the market expand in during forecast period 2024 to 2029..
Research Coverage
This report segments the market for hydraulic fluids based on base oil type, point of sale, application, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for hydraulic fluids.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the hydraulic fluids market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
“Mobile Equipment was the largest application of hydraulic fluids market, in terms of value, in 2023.”
Mobile equipment is the largest application of hydraulic fluids market. The hydraulic industry has spread to the whole set of industries from the metal & mining, agriculture, construction, power generation, cement production, and others. These industries are mostly using various mobile machinery such as excavators, loaders, tractors, cranes, forklifts, and others. All of these machines are powered by hydraulic systems, which are essential for power transmission and control. The growth of infrastructure projects, building construction operations, and the application of agricultural labor-saving machinery worldwide are the major factors behind the growing demand for hydraulic fluids in the mobile equipment.
“Metal & mining was the second largest end-use industry of the hydraulic fluids market, in terms of value, in 2023.”
Metal & mining stands as the second largest end-user industry in the hydraulic fluids market due to its extensive reliance on various equipments for smooth operation and maintenance. These equipments includes excavators, dump trucks, cranes, crushers, and others. The metal & mining industry is heavily relies on various heavy machinery and equipment, which require continuous lubrication to operate efficiently in harsh conditions. With continuous operations, safety concerns, and a global metal demand, metal & mining remains a second largest sector for hydraulic fluids usage.
“The Middle East & AFrica is projected to be the second fastest-growing region, during the forecast period in the hydraulic fluids market.”
Petrochemical and downstream industries are equally expected to foster the hydraulic fluids market in the Middle East and Africa as it is expected to be the second fastest growing market during forecast period. This mainly because of the rising industrialization and infrastructure development in mining, oil exploration industries, automobiles and agriculture. Moreover, from these regions, there is the increasing interest in infrastructural development and urbanization and hence, the subsequent demand for hydraulic fluids to be used in the machinery and equipments would enable the market expand in during forecast period 2024 to 2029..
- By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
- By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
- By Region: North America - 24%, Europe - 40%, Asia Pacific - 17%, South America – 7%, Middle East & Africa - 12%,
Research Coverage
This report segments the market for hydraulic fluids based on base oil type, point of sale, application, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for hydraulic fluids.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the hydraulic fluids market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on hydraulic fluids offered by top players in the global market
- Analysis of key drives: (growing automating in end-use industries, mounting demand from for processed foods, rising industrial growth in the Middle East & Africa and Asia Pacific, and increasing demand from mining, construction, agriculture and marine industries), restraints (Swing towards synthetic lubricants, high price of bio-based and synthetic lubricants), opportunities (Mounting demand for bio-based lubricants, and increasing demand for renewable energy), and challenges (Escalating raw material prices) influencing the growth of hydraulic fluids market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hydraulic fluids market
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for hydraulic fluids across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global hydraulic fluids market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the hydraulic fluids market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 HYDRAULIC FLUIDS MARKET: INCLUSIONS & EXCLUSIONS
1.2.2 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY BASE OIL
1.2.3 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY POINT OF SALE
1.2.4 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY APPLICATION
1.2.5 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY END-USE INDUSTRY
1.3 STUDY SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.3.4 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 RECESSION IMPACT
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 IMPACT OF RECESSION
2.6 ASSUMPTIONS
2.7 LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDRAULIC FLUIDS MARKET
4.2 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY BASE OIL AND COUNTRY
4.3 HYDRAULIC FLUIDS MARKET, BY REGION
4.4 HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY VS. REGION
4.5 HYDRAULIC FLUIDS MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Massive industrial growth in Asia Pacific and Middle East & Africa
5.2.1.2 Growth of automotive industry in Asia Pacific
5.2.1.3 Increasing demand for hydraulic fluids in mining and
construction sectors
5.2.1.4 Rising use of automation in various end-use industries
5.2.1.5 Growing demand for processed food
5.2.2 RESTRAINTS
5.2.2.1 Shift toward synthetic lubricants
5.2.2.2 High cost of synthetic & bio-based hydraulic fluids and
stringent environmental regulations
5.2.2.3 Technological advancements in hybrid vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for bio-based hydraulic fluids
5.2.3.2 Pressing need for semi-synthetic hydraulic fluids
5.2.3.3 Availability of zinc-free (ashless) hydraulic fluids
5.2.3.4 Rising demand for renewable energy
5.2.4 CHALLENGES
5.2.4.1 Volatile crude oil prices
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
6 INDUSTRY TRENDS
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.1.2 BUYING CRITERIA
6.2 SUPPLY CHAIN ANALYSIS
6.2.1 RAW MATERIAL SUPPLIERS
6.2.2 MANUFACTURERS
6.2.3 DISTRIBUTORS
6.2.4 END-USE INDUSTRIES
6.3 ECOSYSTEM ANALYSIS/MARKET MAP
6.4 CASE STUDY ANALYSIS
6.4.1 REDUCING OPERATING COSTS OF INJECTION MOLDING MACHINE USING HYDRAULIC FLUIDS
6.4.2 UPGRADING PERFORMANCE POTENTIAL OF INJECTION MOLDING MACHINES USING HYDRAULIC FLUIDS
6.4.3 SAVING ENERGY BY USING HYDRO-CRACKED BASE OIL FOR HYDRAULIC OILS
6.5 REGULATORY LANDSCAPE
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGY
6.6.1.1 Ester in hydraulic fluid
6.6.1.2 Central hydraulic fluid
6.6.1.3 Re-refining
6.6.1.4 Nanotechnology
6.6.2 COMPLEMENTARY TECHNOLOGY
6.6.2.1 SO2 scrubbing system
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.7.1 REVENUE SHIFT & NEW REVENUE POCKETS IN HYDRAULIC FLUIDS MARKET
6.8 TRADE ANALYSIS
6.8.1 IMPORT SCENARIO
6.8.2 EXPORT SCENARIO
6.9 KEY CONFERENCES & EVENTS IN 2024–2025
6.10 PRICING ANALYSIS
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL TYPE
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION
6.11 INVESTMENT AND FUNDING SCENARIO
6.12 PATENT ANALYSIS
6.12.1 APPROACH
6.12.2 DOCUMENT TYPES
6.12.3 TOP APPLICANTS
6.12.4 LEGAL STATUS
6.12.5 JURISDICTION ANALYSIS
7 HYDRAULIC FLUIDS MARKET, BY POINT OF SALE
7.1 INTRODUCTION
7.2 OEM
7.3 AFTERMARKET
8 HYDRAULIC FLUIDS MARKET, BY BASE OIL
8.1 INTRODUCTION
8.2 MINERAL OIL
8.2.1 LOW COST TO BOOST DEMAND FOR MINERAL OIL-BASED HYDRAULIC FLUIDS
8.3 SYNTHETIC OIL
8.3.1 SURGE IN INDUSTRIAL ACTIVITIES TO INCREASE DEMAND FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS
8.3.2 POLYALPHAOLEFINS
8.3.3 POLYALKYLENE GLYCOLS
8.3.4 ESTERS
8.3.5 GROUP III
8.4 BIO-BASED OIL
8.4.1 RISING AWARENESS ABOUT BIO-BASED HYDRAULIC FLUIDS TO FUEL DEMAND
9 HYDRAULIC FLUIDS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 MOBILE EQUIPMENT
9.3 INDUSTRIAL EQUIPMENT
10 HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 CONSTRUCTION
10.2.1 RISING DEMAND IN CONSTRUCTION EQUIPMENT TO DRIVE MARKET
10.3 METAL & MINING
10.3.1 SURGE IN METAL PRODUCTION AND MINING ACTIVITIES TO BOOST MARKET
10.4 AGRICULTURE
10.4.1 GROWING GLOBAL FOOD DEMAND TO INCREASE NEED FOR
HYDRAULIC FLUIDS
10.5 OIL & GAS
10.5.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY TO FUEL MARKET
10.6 TRANSPORTATION
10.6.1 GROWTH OF MARINE AND AVIATION INDUSTRIES TO DRIVE MARKET
10.6.2 MARINE
10.6.3 AVIATION
10.6.4 AUTOMOTIVE
10.7 CEMENT PRODUCTION
10.7.1 SURGE IN CONSTRUCTION ACTIVITIES TO DRIVE MARKET
10.8 FOOD PROCESSING
10.8.1 RISING AWARENESS ABOUT FOOD SAFETY TO DRIVE MARKET
10.9 POWER GENERATION
10.9.1 INCREASING USE OF RENEWABLE SOURCES FOR POWER GENERATION TO DRIVE MARKET
10.10 OTHER END-USE INDUSTRIES
11 HYDRAULIC FLUIDS MARKET, BY REGION
11.1 INTRODUCTION
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT
11.2.2 CHINA
11.2.2.1 Increasing population and rapid industrialization to drive market
11.2.3 INDIA
11.2.3.1 Growing construction industry to boost market
11.2.4 JAPAN
11.2.4.1 Government’s fiscal support for technological developments to drive market
11.2.5 SOUTH KOREA
11.2.5.1 Increasing demand from transportation end-use industry to drive market
11.2.6 AUSTRALIA & NEW ZEALAND
11.2.6.1 Growth of mining industry to drive demand for hydraulic fluids
11.2.7 THAILAND
11.2.7.1 Viable economic policies to drive market
11.2.8 INDONESIA
11.2.8.1 Established crude oil and mining sectors to boost market
11.3 EUROPE
11.3.1 RECESSION IMPACT
11.3.2 RUSSIA
11.3.2.1 Capacity expansion for producing crude oil products to boost market
11.3.3 GERMANY
11.3.3.1 Growth of food processing industry to boost market
11.3.4 UK
11.3.4.1 Government plans for infrastructure spending to drive market
11.3.5 FRANCE
11.3.5.1 Presence of established international companies to boost demand for hydraulic fluids
11.3.6 ITALY
11.3.6.1 Growth of manufacturing industry to fuel demand for hydraulic fluids
11.3.7 SPAIN
11.3.7.1 Rising demand for hydraulic fluids in energy and agriculture sector to drive market
11.3.8 TURKEY
11.3.8.1 Increase in automotive sales to boost market
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT
11.4.2 US
11.4.2.1 Strong industrial infrastructure and increasing environmental awareness to drive market
11.4.3 CANADA
11.4.3.1 Growth of automotive industry to drive market
11.4.4 MEXICO
11.4.4.1 Booming industrialization and rising population to increase demand for hydraulic fluids
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT
11.5.2 GCC COUNTRIES
11.5.2.1 Saudi Arabia
11.5.2.1.1 Growing oil & gas sector to drive market
11.5.3 SOUTH AFRICA
11.5.3.1 Demand for platinum to boost market
11.5.4 IRAN
11.5.4.1 Rapid growth in industrial sectors to propel market
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT
11.6.2 BRAZIL
11.6.2.1 Rapidly expanding economy stimulated by increasing investments to drive market
11.6.3 ARGENTINA
11.6.3.1 Developing mining industry to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
12.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.5.5.1 Company footprint
12.5.5.2 Region footprint
12.5.5.3 Base oil footprint
12.5.5.4 Application footprint
12.5.5.5 Point of Sale footprint
12.5.5.6 End-use industry footprint
12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
12.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.6.5.1 Hydraulic fluids market: Key startups/SMEs
12.6.5.2 Hydraulic fluids market: Competitive benchmarking of key startups/SMEs
12.7 COMPANY VALUATION AND FINANCIAL METRICS
12.8 BRAND/PRODUCT COMPARISON ANALYSIS
12.9 COMPETITIVE SITUATION AND TRENDS
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY COMPANIES
13.1.1 EXXON MOBIL CORPORATION
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Product launches
13.1.1.3.2 Deals
13.1.1.3.3 Expansions
13.1.1.4 MnM view
13.1.1.4.1 Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 TOTALENERGIES SE
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Product launches
13.1.2.3.2 Deals
13.1.2.3.3 Expansions
13.1.2.4 MnM view
13.1.2.4.1 Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 SHELL PLC
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Product launches
13.1.3.3.2 Deals
13.1.3.3.3 Expansions
13.1.3.4 MnM view
13.1.3.4.1 Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 CHEVRON CORPORATION
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.3.2 Expansions
13.1.4.4 MnM View
13.1.4.4.1 Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 BP P.L.C.
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Expansions
13.1.5.4 MnM view
13.1.5.4.1 Right to win
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 FUCHS SE
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.7 CHINA PETROLEUM & CHEMICAL CORPORATION
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.7.3 Recent developments
13.1.7.3.1 Deals
13.1.7.3.2 Expansions
13.1.8 ENEOS HOLDINGS, INC.
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Expansions
13.1.9 IDEMITSU KOSAN CO., LTD.
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.9.3 Recent developments
13.1.9.3.1 Deals
13.1.9.3.2 Expansions
13.1.10 PETROCHINA COMPANY LIMITED
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.2 OTHER PLAYERS
13.2.1 PETROLIAM NASIONAL BERHAD (PETRONAS)
13.2.2 LUKOIL
13.2.3 PT PERTAMINA (PERSERO)
13.2.4 INDIAN OIL CORPORATION LIMITED
13.2.5 HINDUSTAN PETROLEUM CORPORATION LIMITED
13.2.6 PHILLIPS 66
13.2.7 PETRУLEO BRASILEIRO S.A. (PETROBRAS)
13.2.8 BALMER LAWRIE & CO. LTD.
13.2.9 PJSC ROSNEFT OIL COMPANY
13.2.10 LUBRI-LAB INC.
13.2.11 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
13.2.12 CITGO PETROLEUM CORPORATION
13.2.13 HARRISON MANUFACTURING PTY LIMITED
13.2.14 NYCO
13.2.15 PENRITE OIL
14 ADJACENT & RELATED MARKETS
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 INDUSTRIAL LUBRICANTS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.4 INDUSTRIAL LUBRICANTS MARKET, BY REGION
14.4.1 ASIA PACIFIC
14.4.2 NORTH AMERICA
14.4.3 EUROPE
14.4.4 MIDDLE EAST & AFRICA
14.4.5 SOUTH AMERICA
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 HYDRAULIC FLUIDS MARKET: INCLUSIONS & EXCLUSIONS
1.2.2 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY BASE OIL
1.2.3 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY POINT OF SALE
1.2.4 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY APPLICATION
1.2.5 HYDRAULIC FLUIDS MARKET: MARKET DEFINITIONS & INCLUSIONS,
BY END-USE INDUSTRY
1.3 STUDY SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.3.4 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 RECESSION IMPACT
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 IMPACT OF RECESSION
2.6 ASSUMPTIONS
2.7 LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDRAULIC FLUIDS MARKET
4.2 ASIA PACIFIC HYDRAULIC FLUIDS MARKET, BY BASE OIL AND COUNTRY
4.3 HYDRAULIC FLUIDS MARKET, BY REGION
4.4 HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY VS. REGION
4.5 HYDRAULIC FLUIDS MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Massive industrial growth in Asia Pacific and Middle East & Africa
5.2.1.2 Growth of automotive industry in Asia Pacific
5.2.1.3 Increasing demand for hydraulic fluids in mining and
construction sectors
5.2.1.4 Rising use of automation in various end-use industries
5.2.1.5 Growing demand for processed food
5.2.2 RESTRAINTS
5.2.2.1 Shift toward synthetic lubricants
5.2.2.2 High cost of synthetic & bio-based hydraulic fluids and
stringent environmental regulations
5.2.2.3 Technological advancements in hybrid vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for bio-based hydraulic fluids
5.2.3.2 Pressing need for semi-synthetic hydraulic fluids
5.2.3.3 Availability of zinc-free (ashless) hydraulic fluids
5.2.3.4 Rising demand for renewable energy
5.2.4 CHALLENGES
5.2.4.1 Volatile crude oil prices
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
6 INDUSTRY TRENDS
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.1.2 BUYING CRITERIA
6.2 SUPPLY CHAIN ANALYSIS
6.2.1 RAW MATERIAL SUPPLIERS
6.2.2 MANUFACTURERS
6.2.3 DISTRIBUTORS
6.2.4 END-USE INDUSTRIES
6.3 ECOSYSTEM ANALYSIS/MARKET MAP
6.4 CASE STUDY ANALYSIS
6.4.1 REDUCING OPERATING COSTS OF INJECTION MOLDING MACHINE USING HYDRAULIC FLUIDS
6.4.2 UPGRADING PERFORMANCE POTENTIAL OF INJECTION MOLDING MACHINES USING HYDRAULIC FLUIDS
6.4.3 SAVING ENERGY BY USING HYDRO-CRACKED BASE OIL FOR HYDRAULIC OILS
6.5 REGULATORY LANDSCAPE
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGY
6.6.1.1 Ester in hydraulic fluid
6.6.1.2 Central hydraulic fluid
6.6.1.3 Re-refining
6.6.1.4 Nanotechnology
6.6.2 COMPLEMENTARY TECHNOLOGY
6.6.2.1 SO2 scrubbing system
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.7.1 REVENUE SHIFT & NEW REVENUE POCKETS IN HYDRAULIC FLUIDS MARKET
6.8 TRADE ANALYSIS
6.8.1 IMPORT SCENARIO
6.8.2 EXPORT SCENARIO
6.9 KEY CONFERENCES & EVENTS IN 2024–2025
6.10 PRICING ANALYSIS
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL TYPE
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION
6.11 INVESTMENT AND FUNDING SCENARIO
6.12 PATENT ANALYSIS
6.12.1 APPROACH
6.12.2 DOCUMENT TYPES
6.12.3 TOP APPLICANTS
6.12.4 LEGAL STATUS
6.12.5 JURISDICTION ANALYSIS
7 HYDRAULIC FLUIDS MARKET, BY POINT OF SALE
7.1 INTRODUCTION
7.2 OEM
7.3 AFTERMARKET
8 HYDRAULIC FLUIDS MARKET, BY BASE OIL
8.1 INTRODUCTION
8.2 MINERAL OIL
8.2.1 LOW COST TO BOOST DEMAND FOR MINERAL OIL-BASED HYDRAULIC FLUIDS
8.3 SYNTHETIC OIL
8.3.1 SURGE IN INDUSTRIAL ACTIVITIES TO INCREASE DEMAND FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS
8.3.2 POLYALPHAOLEFINS
8.3.3 POLYALKYLENE GLYCOLS
8.3.4 ESTERS
8.3.5 GROUP III
8.4 BIO-BASED OIL
8.4.1 RISING AWARENESS ABOUT BIO-BASED HYDRAULIC FLUIDS TO FUEL DEMAND
9 HYDRAULIC FLUIDS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 MOBILE EQUIPMENT
9.3 INDUSTRIAL EQUIPMENT
10 HYDRAULIC FLUIDS MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 CONSTRUCTION
10.2.1 RISING DEMAND IN CONSTRUCTION EQUIPMENT TO DRIVE MARKET
10.3 METAL & MINING
10.3.1 SURGE IN METAL PRODUCTION AND MINING ACTIVITIES TO BOOST MARKET
10.4 AGRICULTURE
10.4.1 GROWING GLOBAL FOOD DEMAND TO INCREASE NEED FOR
HYDRAULIC FLUIDS
10.5 OIL & GAS
10.5.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY TO FUEL MARKET
10.6 TRANSPORTATION
10.6.1 GROWTH OF MARINE AND AVIATION INDUSTRIES TO DRIVE MARKET
10.6.2 MARINE
10.6.3 AVIATION
10.6.4 AUTOMOTIVE
10.7 CEMENT PRODUCTION
10.7.1 SURGE IN CONSTRUCTION ACTIVITIES TO DRIVE MARKET
10.8 FOOD PROCESSING
10.8.1 RISING AWARENESS ABOUT FOOD SAFETY TO DRIVE MARKET
10.9 POWER GENERATION
10.9.1 INCREASING USE OF RENEWABLE SOURCES FOR POWER GENERATION TO DRIVE MARKET
10.10 OTHER END-USE INDUSTRIES
11 HYDRAULIC FLUIDS MARKET, BY REGION
11.1 INTRODUCTION
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT
11.2.2 CHINA
11.2.2.1 Increasing population and rapid industrialization to drive market
11.2.3 INDIA
11.2.3.1 Growing construction industry to boost market
11.2.4 JAPAN
11.2.4.1 Government’s fiscal support for technological developments to drive market
11.2.5 SOUTH KOREA
11.2.5.1 Increasing demand from transportation end-use industry to drive market
11.2.6 AUSTRALIA & NEW ZEALAND
11.2.6.1 Growth of mining industry to drive demand for hydraulic fluids
11.2.7 THAILAND
11.2.7.1 Viable economic policies to drive market
11.2.8 INDONESIA
11.2.8.1 Established crude oil and mining sectors to boost market
11.3 EUROPE
11.3.1 RECESSION IMPACT
11.3.2 RUSSIA
11.3.2.1 Capacity expansion for producing crude oil products to boost market
11.3.3 GERMANY
11.3.3.1 Growth of food processing industry to boost market
11.3.4 UK
11.3.4.1 Government plans for infrastructure spending to drive market
11.3.5 FRANCE
11.3.5.1 Presence of established international companies to boost demand for hydraulic fluids
11.3.6 ITALY
11.3.6.1 Growth of manufacturing industry to fuel demand for hydraulic fluids
11.3.7 SPAIN
11.3.7.1 Rising demand for hydraulic fluids in energy and agriculture sector to drive market
11.3.8 TURKEY
11.3.8.1 Increase in automotive sales to boost market
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT
11.4.2 US
11.4.2.1 Strong industrial infrastructure and increasing environmental awareness to drive market
11.4.3 CANADA
11.4.3.1 Growth of automotive industry to drive market
11.4.4 MEXICO
11.4.4.1 Booming industrialization and rising population to increase demand for hydraulic fluids
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT
11.5.2 GCC COUNTRIES
11.5.2.1 Saudi Arabia
11.5.2.1.1 Growing oil & gas sector to drive market
11.5.3 SOUTH AFRICA
11.5.3.1 Demand for platinum to boost market
11.5.4 IRAN
11.5.4.1 Rapid growth in industrial sectors to propel market
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT
11.6.2 BRAZIL
11.6.2.1 Rapidly expanding economy stimulated by increasing investments to drive market
11.6.3 ARGENTINA
11.6.3.1 Developing mining industry to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
12.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.5.5.1 Company footprint
12.5.5.2 Region footprint
12.5.5.3 Base oil footprint
12.5.5.4 Application footprint
12.5.5.5 Point of Sale footprint
12.5.5.6 End-use industry footprint
12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
12.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.6.5.1 Hydraulic fluids market: Key startups/SMEs
12.6.5.2 Hydraulic fluids market: Competitive benchmarking of key startups/SMEs
12.7 COMPANY VALUATION AND FINANCIAL METRICS
12.8 BRAND/PRODUCT COMPARISON ANALYSIS
12.9 COMPETITIVE SITUATION AND TRENDS
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY COMPANIES
13.1.1 EXXON MOBIL CORPORATION
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Product launches
13.1.1.3.2 Deals
13.1.1.3.3 Expansions
13.1.1.4 MnM view
13.1.1.4.1 Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 TOTALENERGIES SE
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Product launches
13.1.2.3.2 Deals
13.1.2.3.3 Expansions
13.1.2.4 MnM view
13.1.2.4.1 Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 SHELL PLC
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Product launches
13.1.3.3.2 Deals
13.1.3.3.3 Expansions
13.1.3.4 MnM view
13.1.3.4.1 Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 CHEVRON CORPORATION
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.3.2 Expansions
13.1.4.4 MnM View
13.1.4.4.1 Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 BP P.L.C.
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Expansions
13.1.5.4 MnM view
13.1.5.4.1 Right to win
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 FUCHS SE
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.7 CHINA PETROLEUM & CHEMICAL CORPORATION
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.7.3 Recent developments
13.1.7.3.1 Deals
13.1.7.3.2 Expansions
13.1.8 ENEOS HOLDINGS, INC.
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Expansions
13.1.9 IDEMITSU KOSAN CO., LTD.
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.9.3 Recent developments
13.1.9.3.1 Deals
13.1.9.3.2 Expansions
13.1.10 PETROCHINA COMPANY LIMITED
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.2 OTHER PLAYERS
13.2.1 PETROLIAM NASIONAL BERHAD (PETRONAS)
13.2.2 LUKOIL
13.2.3 PT PERTAMINA (PERSERO)
13.2.4 INDIAN OIL CORPORATION LIMITED
13.2.5 HINDUSTAN PETROLEUM CORPORATION LIMITED
13.2.6 PHILLIPS 66
13.2.7 PETRУLEO BRASILEIRO S.A. (PETROBRAS)
13.2.8 BALMER LAWRIE & CO. LTD.
13.2.9 PJSC ROSNEFT OIL COMPANY
13.2.10 LUBRI-LAB INC.
13.2.11 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
13.2.12 CITGO PETROLEUM CORPORATION
13.2.13 HARRISON MANUFACTURING PTY LIMITED
13.2.14 NYCO
13.2.15 PENRITE OIL
14 ADJACENT & RELATED MARKETS
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 INDUSTRIAL LUBRICANTS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.4 INDUSTRIAL LUBRICANTS MARKET, BY REGION
14.4.1 ASIA PACIFIC
14.4.2 NORTH AMERICA
14.4.3 EUROPE
14.4.4 MIDDLE EAST & AFRICA
14.4.5 SOUTH AMERICA
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
