Jun 23, 2021   SOURCE: BusinessWire

Global Hydraulic Fluid Market Size, Share & Analysis Report 2021-2028: Semi-Synthetic Oil, Mineral Oil, Bio-Based Oil, Synthetic Oil - ResearchAndMarkets.com

The "Hydraulic Fluid Market Size, Share & Analysis, By Base Oil Type (Semi-Synthetic Oil, Mineral Oil, Bio-Based Oil, Synthetic Oil), By Connector Type (Mobile Hydraulic Fluid Connectors, Stationary Hydraulic Fluid Connectors), By Industry Vertical (Original Equipment Manufacturers (O" report has been added to ResearchAndMarkets.com's offering.

The global hydraulic fluid market size is expected to reach USD 9,629.2 Million in 2028, and register a CAGR of 2.9% during the forecast period.

Increasing demand for heavy machinery in construction industry, rapidly growing construction activities are factors expected to drive adoption of hydraulic fluids, which is a key factor driving market revenue growth.

Rising concerns regarding environmental issues due to use of petroleum-oils is resulting in shifting preference for bio-based hydraulic fluids.

Increasing infrastructure projects, growing need for material-handling equipment, increasing preference for advanced agricultural instruments, and coupled with growing awareness regarding benefits of hydraulic equipment in various sectors are boosting demand for hydraulic fluids, thereby driving market growth.

Availability of substitutes at lower costs, fluctuating prices of crude oil, stringent regulations regarding environment safety and restrictions on using petroleum-oil fluids are major factors that could hamper market growth. In addition, mineral oil- and hydrocarbon-based hydraulic fluids are considered as toxic and harmful for human beings and environment, which could hamper growth of the global hydraulic fluid market.

Some Key Findings From the Report:

  • Among the base oil segments, the mineral oil segment accounted for the largest revenue share in the global hydraulic fluid market in 2020. The bio-based oil is expected to register the highest revenue growth rate during the forecast period.
  • Among the industry vertical segments, the original equipment manufacturers (OEMs) segment accounted for the largest revenue share in 2020. The automotive industry is expected to register a robust revenue CAGR during the forecast period.
  • The Asia Pacific market accounted for major revenue share in 2020, and is expected to continue with its dominance over the forecast period.
  • The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Key Topics Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2020 - 2028

Chapter 3. Indicative Metrics

Chapter 4. Hydraulic Fluid Market Segmentation & Impact Analysis

4.1. Hydraulic Fluid Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. Growing demand from marine, machinery, and automotive industries

4.2.2.2. Rising demand from the Asia Pacific region

4.2.3. Market restraints analysis

4.2.3.1. Stringent regulations

4.3. Technological Insights

4.4. Regulatory Framework

4.5. ETOP Analysis

4.6. Porter's Five Forces Analysis

4.7. Competitive Metric Space Analysis

4.8. Price trend Analysis

Chapter 5. Hydraulic Fluid Market By Base Oil Type Insights & Trends

5.1. Base Oil Type dynamics & Market Share, 2021 & 2028

5.2. Semi-synthetic Oil

5.3. Mineral Oil

5.4. Bio-based Oil

5.5. Synthetic Oil

Chapter 6. Hydraulic Fluid Market By Connector Type Insights & Trends

6.1. Connector Type Dynamics & Market Share, 2021 & 2028

6.2. Mobile Hydraulic Fluid Connectors

6.3. Stationary Hydraulic Fluid Connectors

Chapter 7. Hydraulic Fluid Market By Industry Vertical Insights & Trends

7.1. Industry Vertical Dynamics & Market Share, 2021 & 2028

7.2. Original Equipment Manufacturers (OEMs)

7.3. Construction Equipment

7.4. Marine

7.5. Aviation

7.6. Automotive

7.7. Oil & Gas

Chapter 8. Hydraulic Fluid Market Regional Outlook

8.1. Hydraulic Fluid Market share by region, 2021 & 2028

Chapter 9. Competitive Landscape

9.1. Market Revenue Share by Manufacturers

9.2. Manufacturing Cost Breakdown Analysis

9.3. Mergers & Acquisitions

9.4. Market positioning

9.5. Strategy Benchmarking

9.6. Vendor Landscape

Chapter 10. Company Profiles

  • Eastman Chemical Company
  • British Petroleum Plc.
  • LUKOIL Lubricants Company
  • Condat
  • Royal Dutch Shell plc
  • BASF SE
  • Castrol Limited
  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Schaeffer Manufacturing Co.

For more information about this report visit https://www.researchandmarkets.com/r/cyl3ts