機能性流体市場：タイプ別、用途別、ベース流体別、機能別、地域別、2024年～2031年

機能性流体市場の評価、2024年～2031年

機能性流体の市場規模は、2023年に434億6,000万米ドルと評価され、2024年から2031年までの成長率は5.08%で、2031年には642億7,000万米ドルに達すると予測されます。

市場の成長は、工業用金属加工における高性能製品への需要の高まりや、建設業界や自動車業界で見られる大幅な拡大といった要因によって推進されます。これらの産業は市場拡大の重要な促進要因であり、その存在感の高まりが機能性流体市場全体の成長軌道に大きく寄与しています。

機能性流体市場定義/概要

機能性流体は、保護と潤滑を提供することで、機械の効率を高める上で重要な役割を果たしています。これらの流体は、高温安定性、高粘度指数、低牽引係数、低注入点といった特定の特性を持ち、従来の鉱物油よりも優れています。様々な用途において、機能油は潤滑油、トランスミッション液、熱媒体、金属加工油、油圧作動油として使用されています。機械加工、研削、スタンピング、フライス加工、鍛造などの工程で利用され、円滑な作業を保証し、機械部品の摩耗や損傷を防ぐ。機能性流体は、建設、自動車、化学、太陽エネルギー、輸送など、さまざまな産業で利用されています。

機能性流体には、潤滑性、機械的特性、電気絶縁性、熱力学的特性を提供する幅広い油や液体が含まれます。これらの流体は、通常の条件下では、グリースや冷媒のようなガスを含まないです。潤滑、油圧トランスミッション、熱伝導は、機能性流体の数ある用途のほんの一部に過ぎないです。全体として、機能性流体は、さまざまな産業における機械や装置の運転効率を維持するために不可欠です。その多用途な性質と、保護と潤滑を提供する能力により、機械システムの円滑で信頼性の高い性能を確保する上で欠くことのできないものとなっています。

機能性流体市場の成長を促進する要因は？

需要の急増は、特に製造、建設、発電セクターにおける産業活動の拡大が要因となっています。機能性流体は、これらの産業における作業の円滑性と設備の効率性を確保するために不可欠であり、したがって、これらの産業のプロセスにとって不可欠なものとなっています。

中国やインドのような新興国は急速な工業化を目の当たりにしており、インフラや製造業の成長を支えるために機能性流体の採用を増やす必要があります。この動向は、急速な経済発展の中、産業運営の維持における機能性流体の重要性が高まっていることを反映しています。機械や装置には、耐熱性や潤滑能力などの特性を向上させた高性能の機能性流体が必要とされるため、絶え間ない技術の進歩が市場をさらに牽引しています。これらの進歩は、近代的な工業プロセスの進化するニーズに対応するために不可欠です。

産業界全体でエネルギー効率の高いソリューションに対する需要が高まっており、エネルギー効率の高い機能性流体の採用が増加しています。これらの流体は、摩擦や摩耗の低減を助け、機械や装置の全体的なエネルギー効率を向上させる。環境問題への対応として、持続可能で環境に優しい機能性流体への志向が高まっています。

開発メーカーは、生分解性またはリサイクル可能な成分を使用した流体を開発し、環境に配慮したソリューションの需要に応えています。安全性と排出に関する厳しい規制も市場力学の原動力となっており、特殊な機能性流体の採用につながっています。例えば、火災リスクの高い産業では耐火性流体の利用が増加しており、環境に敏感な分野では生分解性オプションが好まれています。機能性流体市場は、こうした促進要因に支えられ、継続的な成長が見込まれています。

機能性流体市場の売上を減少させている要因とは？

特定の機能性流体、特に有害な化学物質や重金属を含む流体については、規制機関によってより厳しい環境規制が実施されています。これらの措置により、これらの流体の使用が制限され、その用途が制限される可能性があり、市場の特定分野に影響を与えています。

乾式潤滑剤や固体潤滑剤などの代替潤滑ソリューションの開発および採用は、特定の用途における従来の機能性流体の優位性に対する課題となる可能性があります。

これらの代替品がよりコスト効率が高く、効率的で、広く採用されるようになれば、特定の機能性流体の使用が減少する可能性があります。機能性流体の生産に使用される原材料価格の変動は、市場をコスト変動の影響を受けやすくします。これは生産コストに影響を与え、最終製品の価格上昇につながる可能性があり、消費者の購買意思決定に影響を与え、需要の鈍化につながる可能性があります。

使用済み機能性流体の不適切な廃棄は、環境に悪影響を及ぼす可能性があります。売上減少の直接的な原因とはならないが、規制の強化やこうした懸念に対する社会的認知の高まりは、より持続可能で環境に優しい代替品へのシフトを促す可能性があります。このシフトは、長期的には従来の機能性液剤の需要に影響を与える可能性があります。これらの潜在的課題は、機能性流体市場の長期的な持続可能性と責任ある成長を確保するために、継続的な技術革新、環境に優しい流体の開発、潜在的な健康・環境問題への対処の必要性を強調するものです。

目次

第1章 機能性流体の世界市場イントロダクション

• 市場のイントロダクション
• 調査範囲
• 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

• データマイニング
• バリデーション
• 一次資料
• データソース一覧

第4章 機能性流体の世界市場展望

• 概要
• 市場力学
  • 促進要因
  • 抑制要因
  • 機会
• ポーターのファイブフォースモデル
• バリューチェーン分析

第5章 機能性流体の世界市場：タイプ別

• 概要
• 油圧
• 熱媒体
• プロセスオイル
• 金属加工
• トランスミッション
• 潤滑油
• 誘電体油
• 変圧器オイル
• ケーブル油

第6章 機能性流体の世界市場：用途別

• 概要
• 自動車
• 産業機械
• 運輸
• 建設
• 航空宇宙
• 海洋
• 農業
• 林業

第7章 機能性流体の世界市場：ベース流体別

• 概要
• 鉱物
• 合成
• バイオベース

第8章 機能性流体の世界市場：機能性別

• 概要
• 潤滑
• 冷却
• 洗浄
• 腐食保護
• シーラント

第9章 機能性流体の世界市場：地域別

• 概要
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • その他欧州
• アジア太平洋
  • 中国
  • 日本
  • インド
  • その他アジア太平洋地域
• 世界のその他の地域
  • ラテンアメリカ
  • 中東・アフリカ

第10章 機能性流体の世界市場：競合情勢

• 概要
• 各社の市場ランキング
• 主な開発戦略

第11章 企業プロファイル

• Exxon Mobil Corporation
• Royal Dutch Shell Plc
• Chevron Corporation
• BP PLC
• BASF SE
• PETRONAS
• Hidemitsu Kosan Co. Ltd
• Fuchs Petrolub AG
• Huntsman
• DOW Chemical Company

第12章 主な発展

• 製品の上市／開発
• 合併と買収
• 事業拡大
• パートナーシップと提携

第13章 付録

• 関連調査

Functional Fluids Market Valuation - 2024-2031

Functional Fluids Market size was valued at USD 43.46 Billion in 2023 and is anticipated to reachUSD 64.27 Billion by 2031, with a growth rate of 5.08% from 2024 to 2031.

Market growth is propelled by factors such as the heightened demand for high-performance products in industrial metalworking and the substantial expansion observed in the construction and automotive industries. These industries are crucial drivers for market expansion, with their increasing prominence contributing significantly to the overall growth trajectory of the Functional Fluids Market.

Functional Fluids Market: Definition/Overview

Functional fluids play a vital role in enhancing the efficiency of machinery by providing protection and lubrication. These fluids possess specific characteristics such as high-temperature stability, high viscosity index, low traction coefficient, and low pouring points, making them superior to conventional mineral oils. In various applications, functional fluids serve as lubricants, transmission fluids, heat transfer fluids, metalworking fluids, and hydraulic fluids. They are utilized during machining, grinding, stamping, milling, and forging processes to ensure smooth operations and prevent wear and tear of machinery parts. Functional fluids find application across diverse industries including construction, automotive, chemical, solar energy, and transportation.

Functional fluids encompass a wide range of oils and liquids that offer lubrication, mechanical, electrical insulation, and thermodynamic properties. These fluids exclude grease and gases like refrigerants under normal conditions. Lubrication, hydraulic power transmission, and heat transfer represent just a few of the numerous applications of functional fluids. Overall, functional fluids are essential for maintaining the operational efficiency of machinery and equipment across various industries. Their versatile nature and ability to provide protection and lubrication make them indispensable in ensuring the smooth and reliable performance of mechanical systems.

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What Factors are Driving the Growth of the Functional Fluids Market?

The surge in demand is fueled by expanding industrial activity, particularly within manufacturing, construction, and power generation sectors. Functional fluids are indispensable for ensuring operational smoothness and equipment efficiency in these industries, thus becoming integral to their processes.

Emerging economies like China and India are witnessing rapid industrialization, necessitating increased adoption of functional fluids to support infrastructural and manufacturing growth. This trend reflects the growing importance of functional fluids in sustaining industrial operations amidst rapid economic development. Continuous technological advancements drive the market further, as machinery and equipment require high-performance functional fluids with improved properties such as temperature resistance and lubrication capabilities. These advancements are essential to meet the evolving needs of modern industrial processes.

There is a rising demand for energy-efficient solutions across industries, leading to increased adoption of energy-efficient functional fluids. These fluids aid in reducing friction and wear, thereby enhancing machinery and equipment's overall energy efficiency. In response to environmental concerns, there is a growing preference for sustainable and eco-friendly functional fluids.

Manufacturers are developing fluids using biodegradable or recyclable components to meet the demand for environmentally responsible solutions. Stringent regulations on safety and emissions are also driving market dynamics, leading to the adoption of specialized functional fluids. For instance, industries with high fire risks are increasingly utilizing fire-resistant fluids, while environmentally sensitive sectors prefer biodegradable options. The Functional Fluids Market is poised for continued growth, underpinned by these driving factors.

What Factors are Plummeting Sales of the Functional Fluids Market?

Stricter environmental regulations are being enforced by regulatory bodies on specific functional fluids, particularly those containing harmful chemicals or heavy metals. These actions can result in limitations on the use of these fluids and restrict their applications, impacting specific sectors of the market.

The development and adoption of alternative lubrication solutions, such as dry lubricants or solid-state lubricants, could pose a challenge to the dominance of traditional functional fluids in certain applications.

If these alternatives become more cost-effective, efficient, and widely adopted, they could potentially lead to a decline in the use of specific functional fluids. Fluctuations in the prices of raw materials used to produce functional fluids can render the market susceptible to cost variations. This can impact production costs and potentially lead to price increases for end products, affecting consumer purchasing decisions and potentially resulting in a slowdown in demand.

Improper disposal of used functional fluids can pose environmental hazards. While not directly causing a decline in sales, stricter regulations or increasing public awareness of these concerns could encourage a shift towards more sustainable and environmentally friendly alternatives. This shift could impact the demand for traditional functional fluids in the long run. These potential challenges underscore the need for continuous innovation, the development of eco-friendly fluids, and addressing potential health and environmental concerns to ensure the long-term sustainability and responsible growth of the Functional Fluids Market.

Category-Wise Acumens

Which Product Type Category Holds the Dominant Market Share in the Functional Fluids Market?

The dominance of hydraulic fluids in the Functional Fluids Market is primarily attributed to their widespread use and critical functionality across various industries. Hydraulic fluids find extensive applications in machinery and equipment used in the construction, agriculture, manufacturing, and transportation sectors. Their versatile nature allows them to power hydraulic systems, control motion, and facilitate operations in diverse settings, contributing significantly to their market share.

The critical functionality of hydraulic fluids cannot be overstated, thereby, upsurging its use in transmitting power and regulating movement within hydraulic systems. Without hydraulic fluids, many machines would not be able to function efficiently or safely. Their role in enabling smooth and controlled operations makes them indispensable in numerous applications, further reinforcing their dominance in the market.

Hydraulic fluids benefit from an established market and technology base. They have been utilized for a considerable period, leading to the development of robust industry standards, readily available products, and extensive expertise. This established infrastructure ensures that hydraulic fluids meet the evolving needs of industries effectively. Familiarity with hydraulic fluid technology enables manufacturers to innovate and improve their products continuously. In conclusion, the dominance of hydraulic fluids in the Functional Fluids Market is underpinned by their extensive applications, critical functionality, and well-established market and technology base. As industries continue to rely on hydraulic systems for various operations, the demand for hydraulic fluids is expected to remain strong, sustaining their leading position in the market.

Will the Lubrication Segment Turn into an Epicenter of Growth in the Functional Fluids Market?

Lubrication is deemed essential for the smooth operation of machinery and equipment across various industries, with its primary function being the reduction of friction, wear, and heat generation between moving parts. This results in extending the lifespan of components and enhancing overall operational efficiency.

Lubrication finds wide applicability across a diverse range of applications, including automotive engines, industrial machinery, hydraulic systems, gears, bearings, and more. This broad applicability ensures a consistent demand for lubricating fluids across different sectors. Lubricants are formulated to provide specific performance enhancements tailored to different applications. These enhancements may include improving equipment reliability, reducing maintenance costs, enhancing energy efficiency, and optimizing operational performance, making lubricants indispensable in many industries.

Lubrication plays a crucial role in preventive maintenance programs by protecting machinery from premature wear and failure. Regular lubrication helps prevent corrosion, rust formation, and component degradation, thereby ensuring optimal equipment performance and longevity. Many industries have stringent regulations and standards governing lubrication practices to ensure equipment safety, reliability, and environmental compliance. Compliance with these regulations necessitates the use of high-quality lubricating fluids that meet specified performance criteria. The essential role of lubrication in machinery, its wide applicability across industries, performance enhancement benefits, contribution to preventive maintenance, and regulatory compliance requirements collectively contribute to its highest market share among functional fluid functionalities.

Country/Region Wise Acumens

Could Asia Pacific Drive an Increase in Sales within the Functional Fluids Market?

Rapid industrialization is being experienced in the region, particularly in countries like China, India, and Southeast Asian nations, leading to heightened demand for functional fluids across various sectors such as manufacturing, construction, automotive, and transportation. The automotive industry in Asia Pacific, known for being one of the largest and fastest-growing globally, is witnessing rising vehicle production and sales, particularly in countries like China and India, thereby generating significant demand for functional fluids like lubricants, coolants, and transmission fluids. Heavy investments in infrastructure development projects, such as the construction of roads, bridges, railways, and buildings, in many countries across Asia Pacific, necessitate a diverse range of functional fluids for applications like hydraulic systems, lubrication, and heat transfer, thus fueling sales growth.

Asia Pacific has emerged as a major manufacturing hub for various industries, including electronics, machinery, and consumer goods, resulting in increased demand for functional fluids used in metalworking, machining, and other industrial processes. Technological advancements are also contributing to the demand for specialized functional fluids with enhanced performance characteristics, prompting manufacturers in the Asia Pacific to invest in research and development for innovative formulations that meet evolving industry requirements. There is a growing trend towards sustainability in the region, leading to an increase in demand for eco-friendly and sustainable functional fluids, which manufacturers are actively addressing by developing bio-based and environmentally friendly alternatives. These combined factors position Asia Pacific as a potential driver for sales growth within the Functional Fluids Market.

Will the Sales of the Functional Fluids Market fare well in North America?

North America is characterized by a robust industrial sector, which encompasses diverse industries such as automotive, manufacturing, aerospace, and construction. These industries heavily rely on functional fluids for various applications, including lubrication, cooling, and corrosion protection, among others. As these sectors continue to grow and evolve, the demand for high-quality functional fluids is expected to rise accordingly, thereby contributing to overall market growth.

The region is distinguished by a strong emphasis on technological innovation and advancement. This focus on innovation extends to the development of advanced formulations of functional fluids that offer superior performance, durability, and environmental sustainability. Consequently, manufacturers in North America are well-positioned to cater to the evolving needs of industries by providing cutting-edge functional fluids tailored to specific applications, which is likely to drive sales in the region.

Strict guidelines regarding the use and disposal of functional fluids are imposed by regulatory bodies to ensure environmental safety and compliance. Consequently, there is a growing demand for eco-friendly and sustainable functional fluids that meet these regulatory requirements. Manufacturers in this region are proactively responding to these demands by developing greener formulations, which are expected to garner favorable traction in the market and contribute to sales growth.

North America is home to a sophisticated transportation sector, which includes a sizable automotive industry. Functional fluids play a crucial role in ensuring the optimal performance and longevity of vehicles by providing lubrication, cooling, and hydraulic functions. With an increasing focus on vehicle efficiency, durability, and emission reduction, the demand for high-performance functional fluids is projected to witness steady growth in North America, further bolstering market sales.

Competitive Landscape

Examining the competitive landscape of the Functional Fluids Market is essential for gaining insights into the industry's dynamics. This research aims to analyze the competitive landscape, focusing on key players, market trends, innovations, and strategies. By conducting this analysis, valuable insights will be provided to industry stakeholders, helping them navigate the competitive environment effectively and capitalize on emerging opportunities. Understanding the competitive landscape will enable stakeholders to make informed decisions, adapt to market trends, and develop strategies to enhance their market position and competitiveness in the Functional Fluids Market.

Some of the prominent players operating in the Functional Fluids Market include:

Exxon Mobil Corporation, Royal Dutch Shell Plc, Chevron Corporation, BP PLC, BASF SE, PETRONAS, Hidemitsu Kosan Co. Ltd, Fuchs Petrolub AG, Huntsman, and DOW Chemical Company.

Latest Developments

In October 2023, the launch of its Mobil DTE 10 Excel 700 series was announced by ExxonMobil, presenting a new line of high-performance hydraulic fluids designed for improved efficiency and wear protection in industrial applications.

In September 2023, the introduction of its Rando(R) HD Z series of hydraulic fluids was announced by Chevron, formulated with renewable base stocks and offering improved biodegradability compared to traditional options.

In July 2023, the Cassida Fluid RF1 series of bio-based, food-grade lubricants suitable for use in food processing and packaging machinery was launched by FUCHS.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL FUNCTIONAL FLUIDS MARKET

• 1.1 Introduction of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL FUNCTIONAL FLUIDS MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL FUNCTIONAL FLUIDS MARKET, BY TYPE

• 5.1 Overview
• 5.2 Hydraulic
• 5.3 Heat Transfer
• 5.4 Process Oils
• 5.5 Metalworking
• 5.6 Transmission
• 5.7 Lubricating Oils
• 5.8 Dielectric Fluids
• 5.9 Transformer Oils
• 5.10 Cable Fluids

6 GLOBAL FUNCTIONAL FLUIDS MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Automotive
• 6.3 Industrial Machinery
• 6.4 Transportation
• 6.5 Construction
• 6.6 Aerospace
• 6.7 Marine
• 6.8 Agriculture
• 6.9 Forestry

7 GLOBAL FUNCTIONAL FLUIDS MARKET, BY BASE FLUID

• 7.1 Overview
• 7.2 Mineral
• 7.3 Synthetic
• 7.4 Bio-Based

8 GLOBAL FUNCTIONAL FLUIDS MARKET, BY FUNCTIONALITY

• 8.1 Overview
• 8.2 Lubrication
• 8.3 Cooling
• 8.4 Cleaning
• 8.5 Corrosion Protection
• 8.6 Sealant

9 GLOBAL FUNCTIONAL FLUIDS MARKET, BY GEOGRAPHY

• 9.1 Overview
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 U.K.
  • 9.3.3 France
  • 9.3.4 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Japan
  • 9.4.3 India
  • 9.4.4 Rest of Asia Pacific
• 9.5 Rest of the World
  • 9.5.1 Latin America
  • 9.5.2 Middle East and Africa

10 GLOBAL FUNCTIONAL FLUIDS MARKET COMPETITIVE LANDSCAPE

• 10.1 Overview
• 10.2 Company Market Ranking
• 10.3 Key Development Strategies

11 COMPANY PROFILES

• 11.1 Exxon Mobil Corporation
  • 11.1.1 Overview
  • 11.1.2 Financial Performance
  • 11.1.3 Product Outlook
  • 11.1.4 Key Developments
• 11.2 Royal Dutch Shell Plc
  • 11.2.1 Overview
  • 11.2.2 Financial Performance
  • 11.2.3 Product Outlook
  • 11.2.4 Key Developments
• 11.3 Chevron Corporation
  • 11.3.1 Overview
  • 11.3.2 Financial Performance
  • 11.3.3 Product Outlook
  • 11.3.4 Key Developments
• 11.4 BP PLC
  • 11.4.1 Overview
  • 11.4.2 Financial Performance
  • 11.4.3 Product Outlook
  • 11.4.4 Key Developments
• 11.5 BASF SE
  • 11.5.1 Overview
  • 11.5.2 Financial Performance
  • 11.5.3 Product Outlook
  • 11.5.4 Key Developments
• 11.6 PETRONAS
  • 11.6.1 Overview
  • 11.6.2 Financial Performance
  • 11.6.3 Product Outlook
  • 11.6.4 Key Developments
• 11.7 Hidemitsu Kosan Co. Ltd
  • 11.7.1 Overview
  • 11.7.2 Financial Performance
  • 11.7.3 Product Outlook
  • 11.7.4 Key Developments
• 11.8 Fuchs Petrolub AG
  • 11.8.1 Overview
  • 11.8.2 Financial Performance
  • 11.8.3 Product Outlook
  • 11.8.4 Key Developments
• 11.9 Huntsman
  • 11.9.1 Overview
  • 11.9.2 Financial Performance
  • 11.9.3 Product Outlook
  • 11.9.4 Key Developments
• 11.10 DOW Chemical Company
  • 11.10.1 Overview
  • 11.10.2 Financial Performance
  • 11.10.3 Product Outlook
  • 11.10.4 Key Developments

12 KEY DEVELOPMENTS

• 12.1 Product Launches/Developments
• 12.2 Mergers and Acquisitions
• 12.3 Business Expansions
• 12.4 Partnerships and Collaborations

13 Appendix

• 13.1 Related Research