News - Full StoryGlobal Hydraulic Fluids Market to Reach $21.5 Billion by 2026
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Hydraulic Fluids - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global competitiveness and key competitor percentage market shares
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Edition: 7; Released: January 2022 Executive Pool: 7362 Companies: 53 - Players covered include ADDINOL Lube Oil GmbH; Amalie Oil Co.; Bechem Lubrication Technology, LLC; Bel-Ray Company LLC; BP PLC; Chevron Corporation; Eni SpA; ExxonMobil Corporation; Idemitsu Kosan Co., Ltd.; Indian Oil Corporation Ltd.; Liqui Moly GmbH; Morris Lubricants; Peak Lubricants Pty Ltd; Penrite Oil; PetroChina Co., Ltd.; Phillips 66 Company; PJSC LUKOIL; Rock Valley Oil & Chemical Co.; Royal Dutch Shell PLC; Sinopec Corp.; TOTAL SA; Valvoline, Inc. and Others. Coverage: All major geographies and key segments Segments: Application (OEM, Mining Equipment, Construction Equipment, Transportation, Oil & Gas, Other Applications); Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, Bio-Based Oil) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Hydraulic Fluids Market to Reach $21.5 Billion by 2026 Amid the COVID-19 crisis, the global market for Hydraulic Fluids estimated at US$19.8 Billion, is projected to reach a revised size of US$21.5 Billion by 2026, growing at a CAGR of 1.4% over the analysis period. Mineral Oil, one of the segments analyzed in the report, is projected to record a 1.1% CAGR and reach US$8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Oil segment is readjusted to a revised 1.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.4 Billion in 2021, While China is Forecast to Reach $4 Billion by 2026 The Hydraulic Fluids market in the U.S. is estimated at US$5.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2026 trailing a CAGR of 2.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.1% and 0.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.4% CAGR.
Semi-Synthetic Oil Segment to Reach US$4.6 Billion by the year 2026 In the global Semi-Synthetic Oil segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.1 Billion will reach a projected size of US$3.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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