PUBLISHER: The Business Research Company | PRODUCT CODE: 1704569
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704569
Hydraulic Fluid Global Market Report 2025
Hydraulic fluid serves as a liquid medium to transfer power within hydraulic systems, facilitating lubrication, energy transmission, and sealing functions in machinery. These fluids, commonly formulated from mineral oil or water, incorporate additives aimed at optimizing performance and safeguarding system components.
The principal categories of hydraulic fluid encompass mineral oil, synthetic oil, and bio-based oil. Mineral oil, a clear and odorless liquid derived from petroleum, predominantly consists of hydrocarbons. It finds extensive application across diverse industrial sectors as a coolant and lubricant. The supply chain involves original equipment manufacturers (OEM) and aftermarket services, catering to end-users in sectors such as oil and gas, marine, automotive, aerospace and defense, construction, among others.
The hydraulic fluid market research report is one of a series of new reports from The Business Research Company that provides hydraulic fluid market statistics, including hydraulic fluid industry global market size, regional shares, competitors with a hydraulic fluid market share, detailed hydraulic fluid market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic fluid industry. This hydraulic fluid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydraulic fluid market size has grown strongly in recent years. It will grow from $8.62 billion in 2024 to $9.14 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to the increased global population, rise in demand for ecologically friendly hydraulic fluids, increased industrialization, increased demand for precision control and safety in automotive systems, and increased focus on reducing component wear and tear.
The hydraulic fluid market size is expected to see strong growth in the next few years. It will grow to $11.4 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the rising generation of crude oil, increasing sales and production of automobiles, regulatory initiatives, rising awareness towards bio-based oils, and growing demand for precision and automation in construction operations. Major trends in the forecast period include advancement in equipment and cost-effectiveness, investments in research and development, technological advancements, industrial automation and digitization, integration of IoT, and data-driven maintenance.
The growth of the hydraulic fluid market is anticipated to be driven by the increasing industrialization. This term refers to the process of economic and social transformation characterized by widespread adoption of industrial methods of production and organization. Advancements in technology, automation, and global demand for manufactured goods are fueling industrialization, resulting in enhanced productivity and economic growth across various regions. Hydraulic fluid plays a crucial role in industrialization by powering machinery and equipment through force transmission and lubrication, ensuring efficient and reliable operation in diverse applications. For example, according to Eurostat, a Luxembourg-based government statistical agency, industrial production in the European area rose by 0.2% in July 2023 compared to April 2023, indicating the impact of increasing industrialization on the hydraulic fluid market.
Leading companies in the hydraulic fluid market are focusing on developing innovative products, such as heavy-duty machine hydraulic oils, to improve performance, extend equipment lifespan, and meet the rigorous demands of modern industrial applications. These specialized lubricants are designed to withstand extreme pressures and temperatures, facilitating efficient power transfer, minimizing wear, and safeguarding hydraulic system components in heavy machinery. Volvo Construction Equipment, a Sweden-based machine industry company, introduced the HO103 hydraulic oil in May 2022, engineered to enhance performance and durability. This development allows for a 50% increase in service intervals for heavy-duty machines such as crawler excavators, enhancing efficiency, productivity, and reducing maintenance costs and downtime.
In December 2023, Bosch Rexroth AG, a Germany-based engineering company, collaborated with TotalEnergies SE to develop sustainable alternatives to traditional mineral oil-based hydraulic fluids. This partnership focuses on creating biodegradable, fire-resistant water-based hydraulic fluids that offer environmental benefits while delivering performance similar to conventional fluids. TotalEnergies SE, a France-based energy and petroleum company, is a provider of hydraulic fluid participating in this initiative.
Major companies operating in the hydraulic fluid market are Sinopec Corporation, Exxon Mobil Corporation, Shell Plc, TotalEnergies SE, BP Plc, Chevron Corporation, The Phillips 66 Company, ENI S.p.A., Reliance Industries Limited, Repsol S.A., BASF SE, Idemitsu Kosan Co. Ltd., SK Lubricants Co. Ltd., Dow Inc., Lukoil Oil Co., Caltex Australia Limited, Croda International Plc, FUCHS SE, Ashland Global Holdings Inc., Castrol Limited, Quaker Chemical Corp., Valvoline Inc., Gulf Oil Corporation Limited, Gazpromneft Lubricants Ltd.
Asia-Pacific was the largest region in the hydraulic fluid market in 2024. The regions covered in the hydraulic fluid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydraulic fluid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydraulic fluid market consists of sales of fire-resistant fluids, antiwear fluids, and high-performance fluids. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydraulic Fluid Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydraulic fluid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Scope
Table of Contents
1. Executive Summary
2. Hydraulic Fluid Market Characteristics
3. Hydraulic Fluid Market Trends And Strategies
4. Hydraulic Fluid Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Hydraulic Fluid Growth Analysis And Strategic Analysis Framework
- 5.1. Global Hydraulic Fluid PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Hydraulic Fluid Market Growth Rate Analysis
- 5.4. Global Hydraulic Fluid Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Hydraulic Fluid Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Hydraulic Fluid Total Addressable Market (TAM)
6. Hydraulic Fluid Market Segmentation
7. Hydraulic Fluid Market Regional And Country Analysis
8. Asia-Pacific Hydraulic Fluid Market
9. China Hydraulic Fluid Market
10. India Hydraulic Fluid Market
11. Japan Hydraulic Fluid Market
12. Australia Hydraulic Fluid Market
13. Indonesia Hydraulic Fluid Market
14. South Korea Hydraulic Fluid Market
15. Western Europe Hydraulic Fluid Market
16. UK Hydraulic Fluid Market
17. Germany Hydraulic Fluid Market
18. France Hydraulic Fluid Market
19. Italy Hydraulic Fluid Market
20. Spain Hydraulic Fluid Market
21. Eastern Europe Hydraulic Fluid Market
22. Russia Hydraulic Fluid Market
23. North America Hydraulic Fluid Market
24. USA Hydraulic Fluid Market
25. Canada Hydraulic Fluid Market
26. South America Hydraulic Fluid Market
27. Brazil Hydraulic Fluid Market
28. Middle East Hydraulic Fluid Market
29. Africa Hydraulic Fluid Market
30. Hydraulic Fluid Market Competitive Landscape And Company Profiles
31. Hydraulic Fluid Market Other Major And Innovative Companies
32. Global Hydraulic Fluid Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Hydraulic Fluid Market
34. Recent Developments In The Hydraulic Fluid Market
35. Hydraulic Fluid Market High Potential Countries, Segments and Strategies
36. Appendix
