Pune, India, September 04,2019- [148 Pages Report] The Hydraulic Fluid Market was valued at USD 18.97 Billion in 2016 and is projected to reach USD 22.07 Billion by 2022, at a CAGR of 2.59% during the forecast period. In this report, 2016 has been considered as the base year for the study of the hydraulic fluid market, while the forecast period is between 2017 and 2022.
Download PDF brochure of report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71021039
On the basis of base oil, the hydraulic fluid market has been segmented into mineral oil, synthetic oil (PAO, PAG, Esters, and Group IV), semi-synthetic oil, and bio-based oil. The mineral oil segment is projected to lead the hydraulic fluid market during the forecast period due to its easy availability and low cost.
https://www.marketsandmarkets.com/Market-Reports/hydraulic-fluid-market-71021039.html
Based on application, the hydraulic fluid market has been segmented into OEM, mining equipment, construction equipment, transportation (automotive, aviation, and marine), oil & gas, metal production, food & beverage and others (cement production, paper, textile, rubber & plastic, lumber & wood, pharmaceuticals, pharmaceuticals & medical, power generation, and forestry & agriculture). The demand for hydraulic fluid is high in the OEM application. Oil replacement is also important for smooth functioning of the hydraulic systems used in the OEM application. These factors support the growth of the OEM application segment of the hydraulic fluid market.
The hydraulic fluid market has been studied in APAC, Europe, North America, the Middle East & Africa, and South America. APAC is the largest hydraulic fluid market globally, due to massive industrial growth in emerging countries of the region, such as China, India, and South Korea. APAC is a manufacturing hub due to the high GDP growth of China, India, Japan, South Korea, and others. Moreover, rising construction activities, especially in the residential sector of China, and the increasing expenditure on infrastructure development in India are driving the APAC hydraulic fluid market.
Key market players profiled in this report include Royal Dutch Shell (Netherlands), ExxonMobile (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Idemitsu Kosan (Japan).
Early buyers will receive 10% customization on this report.
Don't miss out on business opportunities in Hydraulic Fluid Market.
Read our blog for more details: https://chemabd007.blogspot.com/2019/04/the-hydraulic-fluid-market-is-projected.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
