Global Hydraulic Fluid Market Size study with COVID-19 Impact, by Point of Sale (OEM and Aftermarket), by Base Oil (Mineral Oil, Synthetic Oil and Bio-based Oil), by End Use Industry (Construction, Metal & Mining, Agriculture, Oil & Gas, Transportation, Cement Production, Food Processing and Others) and Regional Forecasts 2020-2027

Global Hydraulic Fluid Market is valued approximately USD 7.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.1 % over the forecast period 2020-2027. Hydraulic Fluid acts as a medium of energy transfer in hydraulic systems, used for various applications including corrosion resistance, lubrication, heat transfer, sealant, etc. Hydraulic fluid is manufactured from water and mineral oils that helps to reduce flexibility and compressibility. The global Hydraulic Fluid market is facing challenges due to the coronavirus pandemic because of temporary lockdown in various countries along with manufacturing as well as supply chain is at halt. The massive industrial growth in APAC and the Middle East & Africa, rising demand for improved quality of hydraulic fluids as well as growing automotive industry in various region are the few factors responsible for growth of the market over the forecast period. For instance, as per Mckinsey report, from 2007 to 2017, China has tripled its production of labor-intensive goods, from USD 3.1 trillion to USD 8.8 trillion. Furthermore, growing demand for processed food and rising demand from marine application tends to drive the growth of the hydraulic fluid market. Furthermore, the introduction of innovative products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th June 2019, US based ExxonMobil launched a technologically advanced series of hydraulic oils “Mobil DTE™ 20 Ultra Series” in India. However, high cost of synthetic and bio-based hydraulic fluid and stringent environmental regulations are the major factors restraining the growth of global Hydraulic Fluid market during the forecast period.

The regional analysis of global Hydraulic Fluid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Royal Dutch Shell Plc
Exxonmobil Corporation
BP P.L.C.
Chevron Corporation
Total S.A.
Petrochina Company Limited
Idemitsu Kosan Co., Ltd.
Sinopec Limited
Jxtg Holdings, Inc.
Fuchs Petrolub AG


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:


by Point of Sale:
OEM
Aftermarket

by Base Oil:
Mineral Oil
Synthetic Oil
Bio-based Oil

By End-Use Industry:
Construction
Metal & Mining
Agriculture
Oil & Gas
Transportation
Cement Production
Food Processing
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Hydraulic Fluid Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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