市場調查報告書
商品編碼
1520568
2024-2032 年按基礎油、銷售點(原始設備製造商、售後市場)、最終用戶和地區分類的液壓油市場報告Hydraulic Fluids Market Report by Base Oil, Point of Sale (Original Equipment Manufacturer, Aftermarket), End User, and Region 2024-2032 |
2023年全球液壓油市場規模達99IMARC Group美元。日益成長的環境問題和嚴格的法規、住宅和商業基礎設施建設的增加以及企業對再生能源的利用不斷增加以盡量減少有害排放和碳足跡是推動市場的一些主要因素。
液壓油是液壓系統中用於傳輸動力和控制機械的專用液體。它們對於液壓機械的高效運作至關重要,確保運動平穩、精確,同時提供潤滑和散熱。它們充當將泵浦產生的力傳遞到液壓缸或馬達的介質,從而實現重負載的受控運動、部件的精確定位以及各種機構的操作。它們幾乎是不可壓縮的,可確保施加在液壓系統一端的力幾乎立即傳遞到另一端,從而實現對設備的精確且靈敏的控制。
目前,對液壓油的需求不斷成長,因為它們充當將泵產生的力傳遞到液壓缸或馬達的介質,從而允許重負載的受控運動,正在推動市場的成長。除此之外,擴大使用電動車(EV)和混合動力汽車作為燃油汽車的永續替代品,也促進了市場的成長。此外,主要市場參與者正在不斷開發具有更高熱穩定性、更好的磨損保護和增強潤滑性能的流體。除此之外,在物聯網 (IoT) 和資料分析的推動下,預測性維護技術的日益普及正在支持市場的成長。此外,企業擴大利用再生能源來最大限度地減少有害排放和碳足跡,這也促進了市場的成長。
日益成長的環境問題和嚴格的法規
日益成長的環境問題和嚴格的法規目前對液壓油市場的成長產生積極影響。除此之外,製造商擴大開發和推廣可生物分解且毒性較低的液壓油配方。這一轉變是為了響應環保意識的提高以及遵守旨在減少工業營運對環境影響的更嚴格法規的需要。此外,管理機構和環境機構實施嚴格的法規和標準正在推動符合環境永續性和安全特定標準的液壓油的採用。公司正在積極尋找不僅有效運作而且遵守這些法規的液壓油解決方案。因此,製造商正在投資研究業務來配製液壓油,以最大限度地減少有害物質釋放到環境中。
住宅和商業基礎設施建設不斷增加
目前,住宅和商業基礎設施的持續建設正在推動液壓油的使用。除此之外,住宅和商業領域的建設項目對液壓系統和設備產生了持續的需求。這些系統在各種建築應用中發揮關鍵作用,包括重型機械、起重機和電梯等。此外,對能夠提供高性能和操作可靠性的液壓油的需求目前正在推動行業內的創新。此外,隨著建築工程變得更加複雜和要求更高,人們越來越重視能夠承受更高壓力、溫度和操作壓力的液壓油。
工業自動化趨勢日益明顯
工業自動化的日益成長趨勢促進了液壓油市場的成長。除此之外,工業自動化技術在製造和工業過程中的日益採用使得液壓系統的使用成為必要。這些系統對於各種自動化機械設備的精確控制和高效運作至關重要。隨著自動化趨勢的持續發展,對用於在這些系統內潤滑、冷卻和傳輸動力的液壓油的需求不斷成長。此外,自動化過程所需的複雜性和精度正在推動液壓油製造商開發先進的配方。此外,自動化系統中能源效率的提高正在促進液壓油的使用,以最大限度地減少能量損失。
The global hydraulic fluids market size reached US$ 9.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032. The growing environmental concerns and stringent regulations, increasing construction of residential and commercial infrastructures, and rising utilization of renewable energy sources among businesses to minimize harmful emissions and carbon footprint are some of the major factors propelling the market.
Hydraulic fluids are specialized liquids used in hydraulic systems to transmit power and control machinery. They are essential for the efficient operation of hydraulic machinery, ensuring smooth and precise movement while also providing lubrication and heat dissipation. They act as a medium for transmitting force generated by a pump to a hydraulic cylinder or motor, allowing for the controlled movement of heavy loads, precision positioning of components, and the operation of various mechanisms. They are virtually incompressible, ensuring that the force applied at one end of a hydraulic system is transmitted almost instantaneously to the other end, resulting in precise and responsive control of equipment.
At present, the increasing demand for hydraulic fluids as they act as a medium for transmitting force generated by a pump to a hydraulic cylinder or motor, allowing for the controlled movement of heavy loads, is impelling the growth of the market. Besides this, the rising use of electric vehicles (EVs) and hybrid vehicles as sustainable alternatives to fuel-run cars is contributing to the growth of the market. In addition, key market players are continually developing fluids that offer improved thermal stability, better wear protection, and enhanced lubrication properties. Apart from this, the increasing adoption of predictive maintenance techniques, driven by the Internet of Things (IoT) and data analytics, is supporting the growth of the market. Additionally, the rising utilization of renewable energy sources among businesses to minimize harmful emissions and carbon footprint is bolstering the growth of the market.
Growing environmental concerns and stringent regulations
The growing environmental concerns and stringent regulations are currently exerting a positive influence on the growth of the hydraulic fluids market. Besides this, manufacturers are increasingly developing and promoting biodegradable and less toxic hydraulic fluid formulations. This shift is in response to heightened environmental awareness and the need to comply with stricter regulations aimed at decreasing the environmental impact of industrial operations. Moreover, the implementation of stringent regulations and standards by governing bodies and environmental agencies is driving the adoption of hydraulic fluids that meet specific criteria for environmental sustainability and safety. Companies are proactively seeking out hydraulic fluid solutions that not only perform effectively but also adhere to these regulations. As a result, manufacturers are investing in research operations to formulate hydraulic fluids that minimize the release of harmful substances into the environment.
Rising construction of residential and commercial infrastructure
At present, the rising construction of residential and commercial infrastructure is propelling the utilization of hydraulic fluids. Besides this, the construction projects in the residential and commercial sectors are creating a sustained demand for hydraulic systems and equipment. These systems play a critical role in various construction applications, including heavy machinery, cranes, and elevators, among others. In addition, the need for hydraulic fluids that can deliver high performance and operational reliability is currently driving innovation within the industry. Furthermore, as construction projects become more sophisticated and demanding, there is a growing emphasis on hydraulic fluids that can withstand higher pressures, temperatures, and operational stress.
Increasing trend toward industrial automation
The increasing trend toward industrial automation is contributing to the growth of the hydraulic fluids market. Besides this, the rising adoption of industrial automation technologies in manufacturing and industrial processes is necessitating the use of hydraulic systems. These systems are vital for the precise control and efficient operation of various automated machinery and equipment. As the trend toward automation continues, there is a constant and growing demand for hydraulic fluids to lubricate, cool, and transmit power within these systems. Moreover, the complexity and precision required in automated processes are pushing hydraulic fluid manufacturers to develop advanced formulations. Furthermore, the drive towards energy efficiency in automated systems is promoting the use of hydraulic fluids that can minimize energy losses.
IMARC Group provides an analysis of the key trends in each segment of the market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on base oil, point of sale, and end user.
Synthetic Oil
Mineral Oil
Bio-based Oil
Mineral oil accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the base oil. This includes synthetic oil, mineral oil, and bio-based oil. According to the report, mineral oil represented the largest segment.
Mineral oil is a petroleum-based liquid that serves as a medium for transmitting power in hydraulic systems. It is a stable, high-viscosity fluid that is suitable for an extensive range of hydraulic applications. Mineral oil-based hydraulic fluids are extensively used in various types of hydraulic machinery, including industrial equipment, construction machinery, and agricultural machinery. They are employed to operate hydraulic cylinders, motors, and valves, providing the necessary force for lifting, pushing, and controlling movements. They are also used in automotive power steering systems and shock absorbers. They help facilitate smooth and responsive steering as well as absorb shocks and vibrations in vehicles.
Original Equipment Manufacturer (OEM)
Aftermarket
A detailed breakup and analysis of the market based on the point of sale have also been provided in the report. This includes original equipment manufacturer (OEM) and aftermarket.
An original equipment manufacturer (OEM) of hydraulic fluids refers to a company that produces hydraulic fluids or hydraulic fluid systems specifically designed and manufactured for use in various types of machinery and equipment. They manufacture hydraulic fluids which are designed to resist degradation and maintain their properties over time. This can lead to reduced maintenance requirements and lower overall operating costs for the equipment.
The aftermarket encompasses all the businesses and activities related to the maintenance, upgrade, or customization of hydraulic fluids and equipment after they have been purchased by consumers or businesses. This includes the supply of hydraulic fluids, filters, seals, hoses, and other components necessary for the maintenance, repair, and operation of hydraulic systems.
Oil and Gas
Marine
Automotive
Aerospace and Defense
Construction
Others
Oil and gas exhibit a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the end user. This includes oil and gas, marine, automotive, aerospace and defense, construction, and others. According to the report, oil and gas accounted for the largest market share.
Hydraulic fluids play a crucial role in the oil and gas industry, where they are used in various applications to power and control machinery and equipment. They are integral to drilling rigs and equipment employed in oil and gas exploration and extraction. They power the various components of drilling rigs, including the draw works, mud pumps, and top drive systems, allowing for precise control and efficient drilling operations. Offshore drilling and production platforms rely on hydraulic systems to operate various machinery and equipment, including cranes, winches, and tensioning systems. Hydraulic fluids are also used to power these systems, ensuring safe and efficient offshore operations.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest hydraulic fluids market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest market share due to the rising investments in the construction of residential and commercial infrastructure. Besides this, the increasing adoption of hydraulic equipment in various manufacturing processes, including metalworking, plastic molding, and material handling, is contributing to the growth of the market. Moreover, the rising mechanization of agricultural practices is contributing to the market growth. Additionally, the increasing employment of hydraulic systems in mining and energy exploration activities is supporting the market growth in the region.
North America is estimated to expand further in this domain due to the increasing energy demands in industrial and commercial sectors. Moreover, the rising purchase of passenger cars to commute comfortably is bolstering the growth of the market.
Key market players are investing in research operations to create innovative items that offer better performance, longer service life, and improved environmental sustainability by developing bio-based and synthetic hydraulic fluids with superior properties. They are also focusing on developing hydraulic fluids that are more environmentally friendly and compliant with environmental regulations. Top companies are exploring new geographic markets and expanding their global reach to tap into emerging economies and regions with growing industrial sectors. They are also offering customized solutions to cater to the specific needs of different industries and applications. Leading companies are optimizing their supply chains to ensure a consistent and reliable supply of hydraulic fluids by streamlining logistics, adopting just-in-time inventory management, and ensuring a robust supplier network.
BASF SE
bp p.l.c.
Chevron Corporation
China National Petroleum Corporation
China Petroleum & Chemical Corporation
Croda International Plc
Dow Inc.
Eastman Chemical Company
Exxon Mobil Corporation
Fuchs Petrolub SE
Idemitsu Kosan Co. Ltd.
Lukoil
Phillips 66 Company
Royal Dutch Shell plc
TotalEnergies SE
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
In December 2020, BASF SE announced its plan to build an MRO station in Shanghai, China, to service Deoxo(TM) aircraft ozone and ozone/VOC converters, which will catalytically remove ozone and certain odorous volatile organic compounds (VOCs) to deliver quality cabin air compliant with government regulations.
In 2023, bp p.l.c. The EV Network (EVN) and NEC Group announced the launch of the largest public electric vehicle (EV) charging hub in the United Kingdom, which is on the NEC Campus in the West Midlands.
In 2023, Exxon Mobil Corporation announced the expansion of its chemical production with the initiation of two new chemical production units in Baytown, Texas.