Global Hydraulic Fluid Market Size study with COVID-19 Impact, by Point of Sale, by Base Oil, by End Use Industry and Regional Forecasts 2020-2027
|発行||Bizwit Research & Consulting LLP||商品コード||939878|
|油圧作動油の世界市場：販売時点別、基油別、エンドユーザー業界別、地域別の市場規模とCOVID-19の影響を踏まえた予測：2020年～2027年 Global Hydraulic Fluid Market Size study with COVID-19 Impact, by Point of Sale, by Base Oil, by End Use Industry and Regional Forecasts 2020-2027|
|出版日: 2020年05月01日||ページ情報: 英文||
Global Hydraulic Fluid Market is valued approximately USD 7.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.1 % over the forecast period 2020-2027. Hydraulic Fluid acts as a medium of energy transfer in hydraulic systems, used for various applications including corrosion resistance, lubrication, heat transfer, sealant, etc. Hydraulic fluid is manufactured from water and mineral oils that helps to reduce flexibility and compressibility. The global Hydraulic Fluid market is facing challenges due to the coronavirus pandemic because of temporary lockdown in various countries along with manufacturing as well as supply chain is at halt. The massive industrial growth in APAC and the Middle East & Africa, rising demand for improved quality of hydraulic fluids as well as growing automotive industry in various region are the few factors responsible for growth of the market over the forecast period. For instance, as per Mckinsey report, from 2007 to 2017, China has tripled its production of labor-intensive goods, from USD 3.1 trillion to USD 8.8 trillion. Furthermore, growing demand for processed food and rising demand from marine application tends to drive the growth of the hydraulic fluid market. Furthermore, the introduction of innovative products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th June 2019, US based ExxonMobil launched a technologically advanced series of hydraulic oils "Mobil DTE™ 20 Ultra Series" in India. However, high cost of synthetic and bio-based hydraulic fluid and stringent environmental regulations are the major factors restraining the growth of global Hydraulic Fluid market during the forecast period.
The regional analysis of global Hydraulic Fluid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Royal Dutch Shell Plc
Petrochina Company Limited
Idemitsu Kosan Co., Ltd.
Jxtg Holdings, Inc.
Fuchs Petrolub AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Point of Sale:
by Base Oil:
By End-Use Industry:
Metal & Mining
Oil & Gas
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers