Scope of the Study
Hydraulic fluid are mineral oil or water that transfers the power in the hydraulic machinery. These are used in excavators, backhoes, power steering, transmissions, aircraft flight control systems, lift and other machineries. This fluid protects the parts as they rub against each other and create volume flow between pump and hydrostatic motor. Additionally, it protects the system from corrosion and transfer the heat. Hydraulic fluids has low viscosity and it changes with the temperature. The increasing automobile and production of industrial machinery is affecting the market positively.
The market study is being classified by Type (Mineral-Oil based Hydraulic fluids, Fire Resistant Fluids and Environmental Acceptable Hydraulic Fluids), by Application (OEM (Original Equipment Manufacturer), Mining Equipment, Construction Equipment, Transportation, Marine, Aviation, Automotive, Oil & Gas and Others) and major geographies with country level break-up.
Shell (Netherlands), Exxonmobil (United States), BP (United Kingdom), Chevron (United States), Total (France), Petrochina (China), Lukoil (Russia), Idemitsu Kosan (Japan), Sinopec (China) and Indian Oil (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Phillips 66 Company (United States), Bel-Ray Company (United States), Morris Lubricants (United Kingdom), Penrite Oil (Australia), Bechem Lubrication Technology (China), Valvoline (United States) and Peak Lubricants (Australia).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Hydraulic Fluid market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hydraulic Fluid market by Type, Application and Region.
On the basis of geography, the market of Hydraulic Fluid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Rising Demand of Hydraulic Fluids in Automotive Industry
- Growing Industrialization in Developing Countries
- Adoption of Bio Based Hydraulic Fluids
- High Investments in Research and Developments
- Stringent Government Regulations Due to the Presence of High Toxicity
- Easy Availability of the Mineral Oil
- Fluctuating Oil Prices May Hamper the Growth of the Market
- Dependent on the Oil Industry
Market Leaders and their expansionary development strategies
In 2019, Chevron has acquired Anadarko Petroleum Corporation which will further strengthen its position in attractive shale, deep water and natural gas resource basins
In 2019, ExxonMobil launches Mobil DTE(tm) 20 Ultra Series in India, a technology for hydraulic oils which is designed for all types of hydraulic systems
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase