DUBLIN--(BUSINESS WIRE)--The "Hydraulic Fluid Market by Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based Oil), Application (OEM, Mining Equipment, Construction Equipment, Transportation, Oil & Gas, Metal Production, Food & Beverage) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The hydraulic fluid market is expected to grow from USD 19.42 Billion in 2017 to USD 22.07 Billion by 2022, at a CAGR of 2.59% between 2017 and 2022.
The growth of the hydraulic fluid market can be attributed to the massive industrial growth in APAC and the Middle East & Africa regions, coupled with its increased demand for marine application. In addition, the growing automotive industry in APAC is expected to further fuel the demand for hydraulic fluid between 2017 and 2022. However, factors such as technological advancements led to the development of Hybrid Electric Vehicles (HEV), and stringent environmental regulations are expected to restrain its demand during the forecast period.
Hydraulic fluid is used in the manufacturing of steel and other ferrous alloys. Based Metal production is projected to be the fastest-growing application segment of the hydraulic fluid market between 2017 and 2022. The increased demand for the metal from automakers is expected to drive the hydraulic fluid market in metal production.
The hydraulic fluid market in APAC is projected to grow at the highest CAGR between 2017 and 2022. Economic growth of emerging countries and the increasing disposable income of the middle-class population of the region are making APAC an attractive market for hydraulic fluid manufacturers. Growth in industrial production and increased trade are primarily responsible for the high consumption of hydraulic fluid in the region.
Some of the key companies profiled in this report are Royal Dutch Shell (Netherlands), ExxonMobile (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Idemitsu Kosan (Japan).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Hydraulic Fluid Market, By Base Oil
7 Hydraulic Fluid Market, By Application
8 Hydraulic Fluid Market, By Region
9 Competitive Landscape
10 Company Profiles
- Addinol Lube Oil GmbH
- Amalie Oil Co.
- BP (British Petroleum)
- Bechem Lubrication Technology LLC.
- Bel-Ray Company LLC.
- Chevron Corporation
- ENI SPA
- Idemitsu Kosan
- Indian Oil Corporation
- Liqui Moly GmbH
- Morris Lubricants
- Peak Lubricants
- Penrite Oil
- Petrochina Company
- Phillips 66 Company
- Rock Valley Oil & Chemical Co.
- Royal Dutch Shell
For more information about this report visit https://www.researchandmarkets.com/research/z7czd6/global_hydraulic?w=4