Global Hydraulic Oil Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hydraulic Oil Market By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil and Bio-based Oil), Type (Paraffinic Oils, Naphthenic Oils, Aromatic Oils and Veg and Bio Oils), Application (OEM, Mining Equipment, Construction Equipment, Transportation, Oil & Gas, Metal Production, Food & Beverage and Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Hydraulic Oil Market

Global hydraulic oil market is expected to rise to an estimated value of USD 24.49 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the high industrial growth

Market Definition: Global Hydraulic Oil Market

Hydraulic oil is a fluid which is used for transmitting power in hydraulic systems. The fluid has the low pour point, helps in protecting from rust and oxidation. These hydraulic fluids help the hydraulic system to function in harsh environmental conditions by preventing corrosion. These oils have wide applications in the field of hydraulic elevator, hydraulic brake system, hydraulic ram, shock absorber, crane and hydraulic press.  

Market Drivers:

  • Massive industrial growth in automotive sector is driving the market growth
  • Rising demand from the oil & gas and  construction industry also enhances the market growth
  • Increasing demand from marine application acts as a driving factor for this market
  • Rising mechanism for smooth functioning of equipment & machines boosts the market growth

Market Restraints:

  • Growth in the technological advancement can hamper the market growth
  • Fluctuation in the oil prices can restrict the market growth as hydraulic fluids are directly dependent on the oil industry
  • Stringent environment regulations can also limit the use of such fluids thereby hindering the market growth

Segmentation: Global Hydraulic Oil Market

By Base Oil

  • Mineral Oil
  • Synthetic Oil
  • Semi-synthetic Oil
  • Bio-based Oil

By Application

  • OEM
  • Mining Equipment
  • Construction Equipment
  • Transportation
  • Oil & Gas
  • Metal Production
  • Food & Beverage
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In June 2019, ExxonMobil launched Mobil DTE 20 Ultra Series which is a technologically advanced series of hydraulic oils. It is used for all types of hydraulic systems and components. This provides longer oil life and exceptional performance during harsh conditions It will bring brand awareness and product portfolio of this company
  • In September 2016, Manuli Hydraulics, a division of Manuli Rubber Industries (MRI) acquired the Indian company PSI Hydraulics (PSI). It will help the company to grow their business and create a network of excellent operations so that they can meet the demand of customers in the Indian market

Competitive Analysis:

Global hydraulic oil market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Hydraulic Oil market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global hydraulic oil market are Royal Dutch Shell Plc, Exxon Mobil Corporation, BP p.l.c, Chevron Corporation, Total, PetroChina Company Limited, LUKOIL Marine Lubricants DMCC, Indian Oil Corporation Ltd, Valvoline LLC, Idemitsu Kosan Co.,Ltd., RENKERT OIL,  JXTG Nippon Oil & Energy Corporation, Castrol Limited among others   

Research Methodology: Global Hydraulic Oil Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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