DUBLIN--(BUSINESS WIRE )--The "Global Hydraulic Fluids Market Size, Share & Trends Analysis Report by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), by End-use (Construction, Oil & Gas, Agriculture, Metal & Mining), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global hydraulic fluids market size is anticipated to reach USD 12.0 billion by 2030. The market is expected to expand at a CAGR of 5.2% from 2022 to 2030.
In recent years, industrialization has been on a rise, particularly in emerging economies such as India, China, Brazil, among others. The share of the manufacturing industry in the GDP is increasing significantly for these countries. Various policies by governments all over the world are being targeted toward the growth of industrial sectors.
The digital revolution, combined with artificial intelligence, has opened numerous new opportunities for fluid power. It will take time to turn into high-power electromechanical solutions. The industry must leverage the inherent capabilities of fluid power technology and expand its reach through technological advancements. In terms of energy efficiency, fluid power technology has huge potential.
The focus will soon shift to the development of high-speed switching valves, high-efficiency hydraulic fluids, and more efficient pumps and motors.In 2020, the market was severely affected by the global pandemic. Prices were dropped due to the lack of demand for lubricants and oils from end-user industries such as construction, automotive, marine, aerospace, among others.
In recent years, a huge fluctuation in the prices of base oil and hydraulic fluids has been experienced by the industries. In 2021, the prices of the market were skyrocketed owing to the sudden demand for the product after revival of the end-user industries. In 2022, the Russia-Ukraine war has resulted in the further increase of the base oil and hydraulic fluids prices.
Hydraulic Fluids Market Report Highlights
Chapter 3. Hydraulic Fluids Market Variables, Trends, & Scope
3.3. Penetration & Growth Prospect Mapping
3.8. Hydraulic Fluids Market - Market Dynamics
3.9. Business Environment Analysis: Hydraulic Fluids Market
3.10. Impact of Russia-Ukraine War on Hydraulic Fluids Market
Chapter 5. Hydraulic Fluids Market: Base Oil Estimates & Trend Analysis
Chapter 6. Hydraulic Fluids Market: End-Use Estimates & Trend Analysis
Chapter 7. Hydraulic Fluids Market: Regional Estimates & Trend Analysis
Chapter 8. Hydraulic Fluids Market: Competitive Analysis
8.1. Key Players, Recent Developments & Their Impact on the Industry
8.2. Major Deals & Strategic Alliance Analysis
8.4.1. List of Key Companies and Their Geographical Presence
8.5.1. List of Key Emerging Companies and Their Geographical Presence
For more information about this report visit https://www.researchandmarkets.com/r/ulr8wu
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900