세계의 유압유 시장 규모, 점유율, 동향, 예측 : 기유, POS, 최종사용자, 지역별(2025-2033년)

The global hydraulic fluids market size was valued at USD 10.48 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 17.52 Billion by 2033, exhibiting a CAGR of 5.58% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.5% in 2024. The increasing hydraulic fluids market share in the Asia Pacific region is because of expanding construction and mining sectors and strong manufacturing growth in China and India. Rising infrastructure investments, increased automation, and demand for high-performance lubricants are further bolstering the market growth.

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.

Hydraulic Fluids Market Trends/Drivers:

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.

Hydraulic Fluids Industry Segmentation:

Breakup by Base Oil:

• Synthetic Oil
• Mineral Oil
• Bio-based Oil

Mineral oil accounts for the majority of the market share

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.

Breakup by Point of Sale:

• Original Equipment Manufacturer (OEM)
• 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.

Breakup by End User:

• Oil and Gas
• Marine
• Automotive
• Aerospace and Defense
• Construction
• Others

Oil and gas exhibit a clear dominance in the market

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.

Breakup by Region:

• 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.

Competitive Landscape:

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.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• 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

Key Questions Answered in This Report

• 1.How big is the hydraulic fluids market?
• 2.What is the future outlook of hydraulic fluids market?
• 3.What are the key factors driving the hydraulic fluids market?
• 4.Which region accounts for the largest hydraulic fluids market share?
• 5.Which are the leading companies in the global hydraulic fluids market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Hydraulic Fluids Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Base Oil

• 6.1 Synthetic Oil
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Mineral Oil
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Bio-based Oil
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Point of Sale

• 7.1 Original Equipment Manufacturer (OEM)
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Aftermarket
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by End User

• 8.1 Oil and Gas
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Marine
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Automotive
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Aerospace and Defense
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Construction
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 BASF SE
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 bp p.l.c.
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 Chevron Corporation
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 China National Petroleum Corporation
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 SWOT Analysis
  • 14.3.5 China Petroleum & Chemical Corporation
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
    • 14.3.5.4 SWOT Analysis
  • 14.3.6 Croda International Plc
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 Dow Inc.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
    • 14.3.7.4 SWOT Analysis
  • 14.3.8 Eastman Chemical Company
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Exxon Mobil Corporation
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
    • 14.3.9.4 SWOT Analysis
  • 14.3.10 Fuchs Petrolub SE
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 Idemitsu Kosan Co. Ltd.
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Lukoil
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis
  • 14.3.13 Phillips 66 Company
    • 14.3.13.1 Company Overview
    • 14.3.13.2 Product Portfolio
    • 14.3.13.3 Financials
    • 14.3.13.4 SWOT Analysis
  • 14.3.14 Royal Dutch Shell plc
    • 14.3.14.1 Company Overview
    • 14.3.14.2 Product Portfolio
    • 14.3.14.3 Financials
  • 14.3.15 TotalEnergies SE
    • 14.3.15.1 Company Overview
    • 14.3.15.2 Product Portfolio
    • 14.3.15.3 Financials
    • 14.3.15.4 SWOT Analysis