유압작동유 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the hydraulic fluid market size was valued at 1.76 billion liters in 2025 and estimated to grow from 1.84 billion liters in 2026 to reach 2.27 billion liters by 2031, at a CAGR of 4.32% during the forecast period (2026-2031).

This report is Segmented by Base-Oil Type (Mineral Oil, Synthetic Oil, and More), Application (Mobile Hydraulic Systems and Industrial/Stationary Hydraulic Systems), End-User Industry (Automotive, Other Transportation, Heavy Equipment, and More), and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Volume (Liters).

Global Hydraulic Fluid Market Trends and Insights

Expanding Construction and Mining Activities

Construction equipment accounts for 76% of hydraulic equipment usage and therefore dominates fluid consumption. Robust infrastructure pipelines under China's Belt and Road framework and India's National Infrastructure Pipeline translate into sustained purchases of excavators, loaders, and cranes that demand premium fluids capable of coping with heat, dust, and extended duty cycles. Safety regulations in U.S. underground mining stipulate MSHA-approved fire-resistant fluids, boosting demand for phosphate-ester and water-glycol blends. The post-pandemic rebound in mega-projects, alongside urbanization and resource extraction, creates a durable tailwind for the hydraulic fluid market.

Automotive and EV Production Growth Boosting Demand for Advanced Hydraulics

Electric-vehicle assembly lines still rely on high-force hydraulic presses and battery-pack lifting rigs. These stations require fluids with superior electrical insulation and thermal stability, prompting formulation innovation such as water-based and low-conduction esters. TotalEnergies recently debuted water-based lubricants aimed at EV cooling loops, underscoring how fluid suppliers are repositioning around new drivetrain architectures. While steer-by-wire and brake-by-wire cut conventional automotive fluid volumes, incremental opportunities in EV battery production, giga-presses, and body-in-white operations offset volume losses.

Volatility in Crude-Oil Prices Impacting Mineral-Oil Fluid Costs

Base-oil prices track crude swings. OPEC+ production adjustments ripple through Group II and Group III feedstocks, creating budgeting headaches for end users that rely on large hydraulic fluid inventories. Supply upsets caused by refinery outages or geopolitical tensions can rapidly squeeze margins for blenders who operate under fixed-price supply contracts. Because mineral oil accounts for nearly half of all liters sold, price spikes ripple across the hydraulic fluid market and may prompt short-term demand deferral.

Other drivers and restraints analyzed in the detailed report include:

1. Shift Toward Energy-Efficient Hydraulic Equipment in Manufacturing
2. Agricultural Mechanization Surge in Emerging Economies
3. High Cost and Limited Supply of Synthetic and Bio-Based Fluids

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Mineral oils controlled 48.81% of the hydraulic fluid market in 2025, a position underpinned by favorable cost-performance ratios and broad OEM approvals. Bio-based products, while only mid-single-digit share, are forecast to register the quickest 5.03% CAGR as end users pursue sustainability certifications and regulators tighten spill-prevention rules. The hydraulic fluid market size for bio-based grades is expected to widen noticeably in agriculture and marine sectors as biodegradable features align with environmental mandates. Bio-ester oxidation risks once limited adoption, yet modern antioxidant packages now extend fluid life, as shown by Chevron's Clarity Bio EliteSyn AW launch that uses a renewable synthetic base to tackle sludge formation. Synthetic esters remain entrenched in aerospace flight-control systems where phosphate-ester performance cannot be compromised.

Growth prospects differ across regions. Europe pushes maritime operators toward EU Ecolabel-approved fluids, propelling demand for FUCHS PLANTOHYD series that meets rapid biodegradability criteria. North America focuses on high-performance Group III blends aimed at energy savings. Asia-Pacific blends cost advantage with rising green requirements, so regional blenders balance mineral and vegetable-oil inputs to maintain competitiveness. Despite upward momentum, price differentials will slow wholesale substitution, ensuring mineral oil remains the volume backbone of the hydraulic fluid market through 2031.

Complete Report Scope:

• By Base-Oil Type
  • Mineral Oil
  • Synthetic Oil
  • Semi-Synthetic Oil
  • Bio-based Oil
  • Fire-Resistant (Phosphate-ester, Water-glycol)
• By Application
  • Mobile Hydraulic Systems
  • Industrial/Stationary Hydraulic Systems
• By End-user Industry
  • Automotive
  • Other Transportation
  • Heavy Equipment
  • Food and Beverage
  • Other End-user Industries (Construction, Power Generation and Utilities, Agriculture, etc.)
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific remained the epicenter of hydraulic fluid consumption, holding 40.75% of global volume in 2025 and maintaining the quickest 5.36% CAGR outlook. China's leadership in construction machinery and India's tractor boom underpin regional dominance. ExxonMobil reinforced its local supply chain by completing the Singapore Resid Upgrade Project in 2025, adding 20,000 barrels per day of EHC 340 MAX basestock that supports broader adoption of high-performance fluids. Kawasaki Heavy Industries doubled hydraulic component capacity in India to service domestic demand and reduce import reliance. Policy-driven infrastructure expansion paired with large-scale agricultural mechanization cements Asia-Pacific's pre-eminence in the hydraulic fluid market.

North America remains technologically influential despite slower unit growth. The continent leads trials of sensor-integrated fluids that enable predictive analytics, and major blenders like Chevron are debuting renewable base oils to align with ESG targets. Manufacturing reshoring sparks incremental lubrication demand for machine tools and robotic cells, partially offsetting losses from electric-only light vehicles that use fewer hydraulic components. Canada's co-hosting role at Hannover Messe 2025 spotlights cross-border initiatives around clean technologies requiring specialty fluids. Europe prioritizes environmental compliance, thus favoring biodegradable formulations in forestry, offshore, and civil-works projects. Germany's advanced forging and die-casting hubs rely on premium zinc-free blends that withstand ultra-high pressures. France and Italy, both strong in aerospace, drive demand for fire-resistant phosphate-esters. Meanwhile, South America and the Middle East & Africa, though smaller today, show high upside as mining ventures accelerate and governments commit to road and rail corridors. Local supply chains remain underdeveloped, so imports dominate, making currency fluctuations a strategic concern for purchasers in these regions. Overall, geography-specific drivers add nuance to the global hydraulic fluid market growth narrative, yet the common denominator across continents is the indispensable role of fluid power in heavy-duty tasks.

1. BP p.l.c
2. Castrol Limited
3. Chevron Corporation
4. China Petroleum & Chemical Corporation (Sinopec)
5. CITGO Petroleum Corporation
6. CNPC
7. Croda International PLC
8. Eni SpA
9. Exxon Mobil Corporation
10. FUCHS
11. Gazpromneft - Lubricants Ltd.
12. Idemitsu Kosan Co.,Ltd.
13. LUKOIL
14. PETRONAS Lubricants International
15. Phillips 66 Company
16. Quaker Chemical Corporation
17. Repsol
18. Shell plc
19. TotalEnergies

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Expanding construction & mining activities
  • 4.2.2 Automotive & EV production growth boosting demand for advanced hydraulics
  • 4.2.3 Shift toward energy-efficient hydraulic equipment in manufacturing
  • 4.2.4 Agricultural mechanization surge in emerging economies
  • 4.2.5 Rising adoption of fire-resistant phosphate-ester fluids in aerospace
• 4.3 Market Restraints
  • 4.3.1 Volatility in crude-oil prices impacting mineral-oil fluid costs
  • 4.3.2 High cost & limited supply of synthetic and bio-based fluids
  • 4.3.3 Rapid electrification of mobile machinery reducing hydraulic content
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size & Growth Forecasts (Volume)

• 5.1 By Base-Oil Type
  • 5.1.1 Mineral Oil
  • 5.1.2 Synthetic Oil
  • 5.1.3 Semi-Synthetic Oil
  • 5.1.4 Bio-based Oil
  • 5.1.5 Fire-Resistant (Phosphate-ester, Water-glycol)
• 5.2 By Application
  • 5.2.1 Mobile Hydraulic Systems
  • 5.2.2 Industrial/Stationary Hydraulic Systems
• 5.3 By End-user Industry
  • 5.3.1 Automotive
  • 5.3.2 Other Transportation
  • 5.3.3 Heavy Equipment
  • 5.3.4 Food and Beverage
  • 5.3.5 Other End-user Industries (Construction, Power Generation and Utilities, Agriculture, etc.)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
  • 6.4.1 BP p.l.c
  • 6.4.2 Castrol Limited
  • 6.4.3 Chevron Corporation
  • 6.4.4 China Petroleum & Chemical Corporation (Sinopec)
  • 6.4.5 CITGO Petroleum Corporation
  • 6.4.6 CNPC
  • 6.4.7 Croda International PLC
  • 6.4.8 Eni SpA
  • 6.4.9 Exxon Mobil Corporation
  • 6.4.10 FUCHS
  • 6.4.11 Gazpromneft - Lubricants Ltd.
  • 6.4.12 Idemitsu Kosan Co.,Ltd.
  • 6.4.13 LUKOIL
  • 6.4.14 PETRONAS Lubricants International
  • 6.4.15 Phillips 66 Company
  • 6.4.16 Quaker Chemical Corporation
  • 6.4.17 Repsol
  • 6.4.18 Shell plc
  • 6.4.19 TotalEnergies

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment
• 7.2 Rising Awareness Towards Bio-Based Oils