According to a market report by Lucintel, the future of the global hydraulic fluids market looks promising with opportunities in the construction, metal & mining, agriculture, oil & gas, transportation, cement production, food processing, and power generation markets. The global hydraulic fluids market is expected to reach an estimated $13.7 billion by 2030 from $9.3 billion in 2024,at a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are growing demand for material-handling equipment, rising number of infrastructure projects, and increasing awareness among consumer towards harmful effects of lubricants.
A more than 150-page report to understand trends, opportunity and forecast in hydraulic fluids market to 2030 by base oil (mineral oil, synthetic oil, and bio-based oil), point of sale (OEM and aftermarket), end use industry (construction, metal & mining, agriculture, oil & gas, transportation, cement production, food processing, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that synthetic oil is expected to witness the highest growth over the forecast period as it ensures improved performance over mineral oil.
Through this market, oil & gas will remain the largest segment due to growing usage of hydraulic fluids in oil and gas applications as a fire-resistant fluids.
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APAC will remain the largest region over the forecast period due to rapid industrialization and increasing construction activities in the region.
Royal Dutch Shell, ExxonMobil, BP PLC, Chevron Total S.A., Petrochina Company, Idemitsu Kosan, Sinopec Limited, Fuchs Petrolub, Valvoline, Petronas are the major suppliers in the hydraulic fluids market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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