市场调查报告书
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1520568
2024-2032 年按基础油、销售点(原始设备製造商、售后市场)、最终用户和地区分類的液压油市场报告Hydraulic Fluids Market Report by Base Oil, Point of Sale (Original Equipment Manufacturer, Aftermarket), End User, and Region 2024-2032 |
2023年全球液压油市场规模达99IMARC Group美元。日益增长的环境问题和严格的法规、住宅和商业基础设施建设的增加以及企业对再生能源的利用不断增加以尽量减少有害排放和碳足迹是推动市场的一些主要因素。
液压油是液压系统中用于传输动力和控制机械的专用液体。它们对于液压机械的高效运作至关重要,确保运动平稳、精确,同时提供润滑和散热。它们充当将泵浦产生的力传递到液压缸或马达的介质,从而实现重负载的受控运动、部件的精确定位以及各种机构的操作。它们几乎是不可压缩的,可确保施加在液压系统一端的力几乎立即传递到另一端,从而实现对设备的精确且灵敏的控制。
目前,对液压油的需求不断增长,因为它们充当将泵产生的力传递到液压缸或马达的介质,从而允许重负载的受控运动,正在推动市场的成长。除此之外,越来越多地使用电动车(EV)和混合动力汽车作为燃油汽车的可持续替代品,也促进了市场的成长。此外,主要市场参与者正在不断开发具有更高热稳定性、更好的磨损保护和增强润滑性能的流体。除此之外,在物联网 (IoT) 和资料分析的推动下,预测性维护技术的日益普及正在支持市场的成长。此外,企业越来越多地利用再生能源来最大限度地减少有害排放和碳足迹,这也促进了市场的成长。
日益增长的环境问题和严格的法规
日益增长的环境问题和严格的法规目前对液压油市场的成长产生积极影响。除此之外,製造商越来越多地开发和推广可生物降解且毒性较低的液压油配方。这一转变是为了响应环保意识的提高以及遵守旨在减少工业运营对环境影响的更严格法规的需要。此外,管理机构和环境机构实施严格的法规和标准正在推动符合环境永续性和安全特定标准的液压油的采用。公司正在积极寻找不仅有效运作而且遵守这些法规的液压油解决方案。因此,製造商正在投资研究业务来配製液压油,以最大限度地减少有害物质释放到环境中。
住宅和商业基础设施建设不断增加
目前,住宅和商业基础设施的持续建设正在推动液压油的使用。除此之外,住宅和商业领域的建设项目对液压系统和设备产生了持续的需求。这些系统在各种建筑应用中发挥关键作用,包括重型机械、起重机和电梯等。此外,对能够提供高性能和操作可靠性的液压油的需求目前正在推动行业内的创新。此外,随着建筑工程变得更加复杂和要求更高,人们越来越重视能够承受更高压力、温度和操作压力的液压油。
工业自动化趋势日益明显
工业自动化的日益增长趋势促进了液压油市场的成长。除此之外,工业自动化技术在製造和工业过程中的日益采用使得液压系统的使用成为必要。这些系统对于各种自动化机械设备的精确控制和高效运作至关重要。随着自动化趋势的持续发展,对用于在这些系统内润滑、冷却和传输动力的液压油的需求不断增长。此外,自动化过程所需的复杂性和精度正在推动液压油製造商开发先进的配方。此外,自动化系统中能源效率的提高正在促进液压油的使用,以最大限度地减少能量损失。
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.