Table of Content


1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 REGIONS COVERED 22
1.3.2 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY 23
1.5 UNIT CONSIDERED 23
1.6 LIMITATIONS 23
1.7 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 PRIMARY AND SECONDARY RESEARCH METHODOLOGY 24
2.1.1 HYDRAULIC FLUID MARKET: PRIMARY RESEARCH METHODOLOGY 24
2.1.1.1 Primary data 25
2.1.1.2 Breakdown of primary interviews 25
2.1.2 SECONDARY DATA 25
2.2 BASE NUMBER CALCULATION 26
2.2.1 HYDRAULIC FLUID MARKET: RESEARCH METHODOLOGY 26
2.2.2 MARKET SIZE CALCULATION: STEPS FROM SUPPLY SIDE 26
2.2.3 MARKET SIZE CALCULATION, BY END-USE INDUSTRY 27
2.2.4 KEY MARKET INSIGHTS BY END-USE INDUSTRY 27
2.2.5 MARKET CALCULATION, BY BASE OIL 28
2.3 FORECAST NUMBER CALCULATION 28
2.4 DATA TRIANGULATION 29
2.5 MARKET ENGINEERING PROCESS 29
2.5.1 BOTTOM-UP APPROACH 29
2.5.2 TOP-DOWN APPROACH 30
2.6 ASSUMPTIONS 30
2.7 KEY INDUSTRY INSIGHTS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE HYDRAULIC FLUID MARKET 36
4.2 APAC HYDRAULIC FLUID MARKET, BY BASE OIL AND COUNTRY, 2019 36
4.3 HYDRAULIC FLUID MARKET, BY REGION 37
4.4 HYDRAULIC FLUID MARKET, BY KEY COUNTRIES 37

5 MARKET OVERVIEW 38
5.1 MARKET DYNAMICS 38
5.1.1 DRIVERS 41
5.1.1.1 Massive industrial growth in APAC and the Middle East & Africa 41
5.1.1.2 Improved quality of hydraulic fluids 42
5.1.1.3 Growing automotive industry in APAC and the Middle East & Africa 42
5.1.1.4 Growing demand for processed food 42
5.1.1.5 Expansion of refinery capacities driving the market for Group II and Group III base oil 42
5.1.1.6 Increasing demand from marine application 43
5.1.2 RESTRAINTS 43
5.1.2.1 High cost of synthetic and bio-based hydraulic fluid 43
5.1.2.2 Shift toward synthetic hydraulic fluid shrinking overall demand for hydraulic fluid 43
5.1.2.3 Technological advancements 44
5.1.2.4 Stringent environmental regulations 44
5.1.3 OPPORTUNITIES 44
5.1.3.1 Rising trend of using bio-based hydraulic fluid 44
5.1.3.2 Availability of semi-synthetic hydraulic fluid 45
5.1.3.3 Availability of zinc-free (ashless) hydraulic fluid 45
5.1.3.4 Industrial growth in BRIC 45
5.1.4 CHALLENGES 46
5.1.4.1 Volatile crude oil prices 46
5.2 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES 46
5.3 PORTER’S FIVE FORCES ANALYSIS 47
5.3.1 THREAT OF NEW ENTRANTS 48
5.3.2 THREAT OF SUBSTITUTES 48
5.3.3 BARGAINING POWER OF SUPPLIERS 48
5.3.4 BARGAINING POWER OF BUYERS 48
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 48
5.4 VALUE CHAIN ANALYSIS 49
5.4.1 RAW MATERIALS 49
5.4.2 BLENDING 49
5.4.3 DISTRIBUTION 49
5.4.4 END-USE INDUSTRY 49
5.5 AVERAGE SELLING PRICE TREND 50
5.6 LUBRICANTS INDUSTRY ECOSYSTEM 51
5.7 CASE STUDIES 53
5.8 INDUSTRY OUTLOOK 55
5.8.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 55
5.8.2 MINING 56
_
5.9 COVID-19 IMPACT ON HYDRAULIC FLUID MARKET 57
5.9.1 DISRUPTION IN MAJOR END-USE INDUSTRIES 57
5.9.2 DISRUPTION IN METAL & MINING INDUSTRY 57
5.9.2.1 Impact on customers’ output and strategies to resume/
improve production 57
5.9.2.2 Customer’s most impacted regions 58
5.9.2.3 Risk assessment and opportunities 59
5.9.2.4 MnM viewpoint on growth outlook and new market opportunities 59
5.9.3 DISRUPTION IN THE CONSTRUCTION INDUSTRY 60
5.9.3.1 Impact on customers’ output and strategies to resume/
improve production 60
5.9.3.2 Customer’s most impacted regions 60
5.9.3.3 MnM viewpoint on growth outlook and new market opportunities 62
5.9.4 DISRUPTION IN THE OIL & GAS INDUSTRY 62
5.9.4.1 Impact on customers’ output and strategies to resume/
improve production 62
5.9.4.2 Customer’s most impacted regions 63
5.9.4.3 MnM viewpoint on growth outlook and new market opportunities 64
5.9.5 DISRUPTION IN THE AUTOMOTIVE INDUSTRY 65
5.9.5.1 Impact on customers’ output and strategies to resume/
improve production 65
5.9.5.2 Customer’s most impacted regions 65
5.9.5.3 Risk assessment and opportunities 66
5.9.5.4 MnM viewpoint on growth outlook and new market opportunities 67
5.10 REGIONAL IMPACT OF COVID-19 68
5.10.1 CONFLICT BETWEEN OPEC AND NON-OPEC COUNTRIES 68
5.10.2 MIDDLE EAST & AFRICA 68
5.10.3 NORTH AMERICA 68
5.10.4 EUROPE 69
5.10.5 APAC 69
5.10.6 SOUTH AMERICA 69
5.11 REGULATORY FRAMEWORK 69
5.11.1 STAGES OF REGULATORY FRAMEWORK IN CHINA 70
5.11.2 APAC 71
5.11.3 EUROPE 71
5.11.4 NORTH AMERICA 71
5.11.5 SOUTH AMERICA 71
5.11.6 MIDDLE EAST & AFRICA 71

6 HYDRAULIC FLUID MARKET, BY POINT OF SALE 72
6.1 INTRODUCTION 73
6.1.1 OEM 74
6.1.2 AFTERMARKET 74

7 HYDRAULIC FLUID MARKET, BY BASE OIL 75
7.1 INTRODUCTION 76
7.2 MINERAL OIL 78
7.2.1 LOW COST TO BOOST DEMAND FOR MINERAL OIL-BASED HYDRAULIC FLUIDS 78
7.3 SYNTHETIC OIL 79
7.3.1 GROWING INDUSTRIAL PRODUCTION INCREASING THE DEMAND FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS 79
7.3.2 POLYALPHAOLEFINS (PAO) 81
7.3.3 POLYALKYLENE GLYCOLS (PAG) 81
7.3.4 ESTERS 81
7.3.5 GROUP III (HYDROCRACKING) 81
7.4 BIO-BASED OIL 82
7.4.1 RISING AWARENESS ABOUT BIO-BASED HYDRAULIC FLUID 82

8 HYDRAULIC FLUID MARKET, BY END-USE INDUSTRY 84
8.1 INTRODUCTION 85
8.2 CONSTRUCTION 87
8.2.1 RISING DEMAND FROM APAC TO BE THE MAIN DRIVER FOR THE MARKET 87
8.3 METAL & MINING 88
8.3.1 SECOND-LARGEST CONSUMER OF HYDRAULIC FLUIDS 88
8.3.2 MINING INDUSTRY TRENDS 88
8.4 AGRICULTURE 91
8.4.1 STEADILY GROWING GLOBAL FOOD DEMAND TO INCREASE THE DEMAND FOR HYDRAULIC FLUIDS 91
8.4.2 AGRICULTURE INDUSTRY TRENDS 91
8.5 OIL & GAS 94
8.5.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY 94
8.5.2 OIL & GAS INDUSTRY TRENDS 94
8.6 TRANSPORTATION 96
8.6.1 MARINE AND AVIATION END-USE INDUSTRIES TO DRIVE THE MARKET 96
8.6.2 MARINE 97
8.6.3 AVIATION 97
8.6.4 AUTOMOTIVE 97
8.7 CEMENT PRODUCTION 98
8.7.1 NEED FOR HIGH-PERFORMANCE HYDRAULIC FLUIDS 98
8.8 FOOD PROCESSING 99
8.8.1 RISING DEMAND FOR PROCESSED FOOD 99
8.9 OTHERS 101
_

9 HYDRAULIC FLUID MARKET, BY REGION 103
9.1 INTRODUCTION 104
9.2 APAC 105
9.2.1 CHINA 109
9.2.1.1 Largest cement producer in the world 109
9.2.2 INDIA 110
9.2.2.1 Growing construction industry posing high prospects for the market 110
9.2.3 JAPAN 112
9.2.3.1 Advanced technology and innovation-driven approach across all the sectors 112
9.2.4 SOUTH KOREA 113
9.2.4.1 World’s largest automotive industry to drive the hydraulic fluid market 113
9.2.5 AUSTRALIA & NEW ZEALAND 115
9.2.5.1 Mining industry increasing demand for hydraulic fluids 115
9.2.6 THAILAND 116
9.2.6.1 Viable economic policies helping market growth 116
9.2.7 INDONESIA 117
9.2.7.1 Established crude oil and mining sectors influencing the market positively 117
9.3 NORTH AMERICA 119
9.3.1 US 123
9.3.1.1 Presence of major oil & gas giants increasing the consumption of hydraulic fluids 123
9.3.2 CANADA 124
9.3.2.1 Market is witnessing strong competition from emerging economies of APAC and the Middle East & Africa 124
9.3.3 MEXICO 125
9.3.3.1 Booming industrialization and rising population to increase demand for hydraulic fluids 125
9.4 EUROPE 127
9.4.1 RUSSIA 131
9.4.1.1 World’s fifth-largest steel producer offers ample opportunities to hydraulic fluid manufacturers 131
9.4.2 GERMANY 133
9.4.2.1 Growing food processing industry to boost market growth 133
9.4.3 UK 134
9.4.3.1 Government’s plans for infrastructure spending to drive the market 134
9.4.4 FRANCE 135
9.4.4.1 Growth in end-use industries of hydraulic fluids 135
9.4.5 ITALY 137
9.4.5.1 World’s seventh-largest steel exporter offering ample growth opportunities 137
_
9.4.6 SPAIN 138
9.4.6.1 Spain food processing sector to have positive impacts on the market 138
9.5 MIDDLE EAST & AFRICA 140
9.5.1 SOUTH AFRICA 143
9.5.1.1 Demand for platinum aiding market growth 143
9.5.2 TURKEY 144
9.5.2.1 Immense opportunities for market growth due to industrialization 144
9.5.3 IRAN 146
9.5.3.1 Government expenditure on infrastructural growth to propel
market growth 146
9.6 SOUTH AMERICA 147
9.6.1 BRAZIL 149
9.6.1.1 Rapidly expanding economy, stimulated by increasing investments, to drive the market 149
9.6.2 ARGENTINA 151
9.6.2.1 Growing construction industry to boost the demand
for hydraulic fluids 151
10 COMPETITIVE LANDSCAPE 152
10.1 OVERVIEW 152
10.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 152
10.2.1 INNOVATORS 152
10.2.2 VISIONARY LEADERS 152
10.2.3 EMERGING COMPANIES 152
10.3 STRENGTH OF PRODUCT PORTFOLIO 154
10.4 BUSINESS STRATEGY EXCELLENCE 154
10.5 COMPETITIVE LEADERSHIP MAPPING (SMSE) 155
10.5.1 PROGRESSIVE COMPANIES 155
10.5.2 RESPONSIVE COMPANIES 155
10.5.3 DYNAMIC COMPANIES 155
10.5.4 STARTING BLOCKS 155
10.6 STRENGTH OF PRODUCT PORTFOLIO 157
10.7 BUSINESS STRATEGY EXCELLENCE 157
10.8 MARKET SHARE OF KEY PLAYERS 159
10.9 COMPETITIVE SITUATION AND TRENDS 160
10.9.1 EXPANSION 160
10.9.2 CONTRACT & AGREEMENT 162
10.9.3 ACQUISITION 163
10.9.4 JOINT VENTURE 164
10.9.5 NEW PRODUCT LAUNCH 164
_

11 COMPANY PROFILES 165
(Business overview, Products offered, Recent developments, Winning imperatives, Current Focus and Strategies, Threat from Competition & Right to Win)*
11.1 ROYAL DUTCH SHELL PLC 165
11.2 EXXONMOBIL CORPORATION 168
11.3 BP P.L.C. 171
11.4 CHEVRON CORPORATION 174
11.5 TOTAL S.A. 177
11.6 PETROCHINA COMPANY LIMITED 180
11.7 IDEMITSU KOSAN CO., LTD. 181
11.8 SINOPEC LIMITED 183
11.9 FUCHS PETROLUB AG 185
11.10 JXTG HOLDINGS, INC. 187
11.11 VALVOLINE 189
11.12 LUKOIL 191
11.13 PETRONAS 193
11.14 PERTAMINA 195
11.15 GAZPROM NEFT 196
11.16 INDIAN OIL CORPORATION LIMITED (IOCL) 197
11.17 PHILLIPS 66 198
11.18 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) 199
11.19 PETROBRAS 200
*Details on Business overview, Products offered, Recent developments, Winning imperatives, Current Focus and Strategies, Threat from Competition & Right to Win might not be captured in case of unlisted companies.

12 APPENDIX 201
12.1 DISCUSSION GUIDE 201
12.3 AVAILABLE CUSTOMIZATIONS 206
12.4 RELATED REPORTS 206
12.5 AUTHOR DETAILS 207



List of Figures




FIGURE 1 HYDRAULIC FLUID: MARKET SEGMENTATION 21
FIGURE 2 HYDRAULIC FLUID MARKET: BOTTOM-UP APPROACH 29
FIGURE 3 HYDRAULIC FLUID MARKET: TOP-DOWN APPROACH 30
FIGURE 4 AFTERMARKET SEGMENT TO DOMINATE THE HYDRAULIC FLUID MARKET 33
FIGURE 5 SYNTHETIC OIL TO BE THE FASTEST-GROWING BASE OIL SEGMENT 33
FIGURE 6 CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY FOR HYDRAULIC FLUIDS 34
FIGURE 7 APAC TO BE THE FASTEST-GROWING MARKET FOR HYDRAULIC FLUID 35
FIGURE 8 HYDRAULIC FLUID MARKET TO REGISTER MODERATE GROWTH
BETWEEN 2020 AND 2025 36
FIGURE 9 CHINA AND MINERAL OIL SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARES 36
FIGURE 10 APAC TO BE THE LARGEST MARKET FOR HYDRAULIC FLUID 37
FIGURE 11 CHINA TO BE THE FASTEST-GROWING MARKET 37
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
THE HYDRAULIC FLUID MARKET 38
FIGURE 13 CHANGING REVENUE MIX 46
FIGURE 14 HYDRAULIC FLUID MARKET: PORTER’S FIVE FORCES ANALYSIS 47
FIGURE 15 VALUE CHAIN OF HYDRAULIC FLUID MARKET 49
FIGURE 16 EUROPE TO REGISTER THE HIGHEST PRICE 50
FIGURE 17 LUBRICANTS INDUSTRY: ECOSYSTEM 51
FIGURE 18 IMPACT OF COVID-19 ON LUBRICANTS INDUSTRY - KEY HOTSPOTS OF ACTIVITIES GAINING MOMENTUM 52
FIGURE 19 IMPACT OF COVID-19 ON LUBRICANTS INDUSTRY ECOSYSTEM 52
FIGURE 20 ASSESSMENT OF LUBRICANTS INDUSTRY 53
FIGURE 21 MARKET SIZE ASSESSMENT OF LUBRICANTS AND SPECIALTIES OF
LUBE OIL REFINERY 53
FIGURE 22 STRATEGIC ASSESSMENT OF OFF-HIGHWAY LUBRICANT INDUSTRY 54
FIGURE 23 AFTERMARKET TO DOMINATE THE HYDRAULIC FLUID MARKET DURING
THE FORECAST PERIOD 73
FIGURE 24 MINERAL OIL-BASED HYDRAULIC FLUID TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET BETWEEN 2020 AND 2025 77
FIGURE 25 APAC TO BE THE LARGEST MINERAL OIL-BASED HYDRAULIC FLUID MARKET 78
FIGURE 26 EUROPE TO BE THE SECOND-LARGEST SYNTHETIC OIL- BASED HYDRAULIC
FLUID MARKET 80
FIGURE 27 APAC TO BE THE LARGEST BIO-BASED HYDRAULIC FLUID MARKET 82
FIGURE 28 CONSTRUCTION END-USE INDUSTRY TO DOMINATE THE HYDRAULIC FLUID MARKET 85
FIGURE 29 NORTH AMERICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET
FOR CONSTRUCTION END-USE INDUSTRY 87
FIGURE 30 APAC TO BE THE LARGEST HYDRAULIC FLUID MARKET IN METAL
& MINING END-USE INDUSTRY 89
FIGURE 31 NORTH AMERICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET
IN AGRICULTURE END-USE INDUSTRY 93
FIGURE 32 MIDDLE EAST & AFRICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN OIL & GAS END-USE INDUSTRY 95
FIGURE 33 EUROPE TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET FOR TRANSPORTATION INDUSTRY 96
FIGURE 34 MIDDLE EAST & AFRICA TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN CEMENT PRODUCTION END-USE INDUSTRY 98
FIGURE 35 EUROPE TO BE THE SECOND-LARGEST HYDRAULIC FLUID MARKET IN FOOD PROCESSING END-USE INDUSTRY 100
FIGURE 36 APAC TO BE THE LARGEST HYDRAULIC FLUID MARKET IN OTHER
END-USE INDUSTRIES 101
FIGURE 37 APAC TO REGISTER THE HIGHEST CAGR IN HYDRAULIC FLUID MARKET DURING FORECAST PERIOD 104
FIGURE 38 APAC: HYDRAULIC FLUID MARKET SNAPSHOT 106
FIGURE 39 NORTH AMERICA: HYDRAULIC FLUID MARKET SNAPSHOT 120
FIGURE 40 EUROPE: HYDRAULIC FLUID MARKET SNAPSHOT 128
FIGURE 41 HYDRAULIC FLUID MARKET COMPETITIVE LEADERSHIP MAPPING, 2019 153
FIGURE 42 SMALL AND MEDIUM-SIZED ENTERPRISES (SMSE) MAPPING, 2019 156
FIGURE 43 EXPANSION IS THE MOST ADOPTED GROWTH STRATEGY BY MAJOR PLAYERS BETWEEN 2017 AND 2019 158
FIGURE 44 HYDRAULIC FLUID MARKET SHARE, BY COMPANY, 2018 159
FIGURE 45 ROYAL DUTCH SHELL: COMPANY SNAPSHOT 165
FIGURE 46 ROYAL DUTCH SHELL: WINNING IMPERATIVES 167
FIGURE 47 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT 168
FIGURE 48 EXXONMOBIL CORPORATION: WINNING IMPERATIVES 170
FIGURE 49 BP P.L.C.: COMPANY SNAPSHOT 171
FIGURE 50 BP P.L.C.: WINNING IMPERATIVES 172
FIGURE 51 CHEVRON CORPORATION: COMPANY SNAPSHOT 174
FIGURE 52 CHEVRON CORPORATION: WINNING IMPERATIVES 176
FIGURE 53 TOTAL S.A.: COMPANY SNAPSHOT 177
FIGURE 54 TOTAL S.A.: WINNING IMPERATIVES 179
FIGURE 55 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 180
FIGURE 56 IDEMITSU KOSAN: COMPANY SNAPSHOT 181
FIGURE 57 SINOPEC LIMITED: COMPANY SNAPSHOT 183
FIGURE 58 FUCHS PETROLUB: COMPANY SNAPSHOT 185
FIGURE 59 JXTG HOLDINGS, INC.: COMPANY SNAPSHOT 187
FIGURE 60 VALVOLINE: COMPANY SNAPSHOT 189
FIGURE 61 LUKOIL: COMPANY SNAPSHOT 191
FIGURE 62 PETRONAS: COMPANY SNAPSHOT 193
FIGURE 63 PERTAMINA: COMPANY SNAPSHOT 195
FIGURE 64 GAZPROM NEFT: COMPANY SNAPSHOT 196
FIGURE 65 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT 197
FIGURE 66 PHILLIPS 66: COMPANY SNAPSHOT 198
FIGURE 67 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT 199
FIGURE 68 PETROBRAS: COMPANY SNAPSHOT 200

 

List of Tables




TABLE 1 HYDRAULIC FLUID: INCLUSIONS AND EXCLUSIONS 21
TABLE 2 INDUSTRIAL GROWTH RATE OF COUNTRIES IN APAC, 2018 41
TABLE 3 INCREASED VEHICLE SALES AND HIGHER MOTORIZATION RATE 42
TABLE 4 BRIC NATIONS ACCOUNTED FOR 37.4% OF THE TOTAL VEHICLE SALES IN 2019 45
TABLE 5 HYDRAULIC FLUID MARKET PRICE, BY REGION, 2018–2025 (USD/KG) 50
TABLE 6 TRENDS AND FORECAST OF GDP OF MAJOR COUNTRY, 2017–2024 (USD BILLION) 55
TABLE 7 WORLD MINERAL PRODUCTION, BY KEY COUNTRIES, 2017 (KILOTON) 56
TABLE 8 MINING COMPANIES ANNOUNCEMENTS 57
TABLE 9 OPPORTUNITY ASSESSMENT IN METAL & MINING INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 59
TABLE 10 CONSTRUCTION COMPANIES ANNOUNCEMENTS 60
TABLE 11 OIL & GAS COMPANIES ANNOUNCEMENTS 62
TABLE 12 OPPORTUNITY ASSESSMENT IN OIL & GAS INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 64
TABLE 13 AUTOMOTIVE COMPANIES ANNOUNCEMENTS 65
TABLE 14 OPPORTUNITY ASSESSMENT IN AUTOMOTIVE INDUSTRY – SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 67
TABLE 15 HYDRAULIC FLUID MARKET SIZE, BY POINT OF SALE, 2018–2025 (KILOTON) 73
TABLE 16 HYDRAULIC FLUID MARKET SIZE, POINT OF SALE, 2018–2025 (USD MILLION) 74
TABLE 17 BASE OIL, BY GROUP 76
TABLE 18 HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON) 77
TABLE 19 HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION) 77
TABLE 20 MINERAL OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION 2018–2025 (KILOTON) 78
TABLE 21 MINERAL OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION 2018–2025 (USD MILLION) 79
TABLE 22 SYNTHETIC OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION 2018–2025 (KILOTON) 80
TABLE 23 SYNTHETIC OIL-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION 2018–2025 (USD MILLION) 80
TABLE 24 BIO-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 83
TABLE 25 BIO-BASED HYDRAULIC FLUID MARKET SIZE, BY REGION 2018–2025 (USD MILLION) 83
TABLE 26 HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON) 86
TABLE 27 HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD MILLION) 86
TABLE 28 HYDRAULIC FLUID MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION 2018–2025 (KILOTON) 87
TABLE 29 HYDRAULIC FLUID MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION 2018–2025 (USD MILLION) 88
TABLE 30 WORLD MINERAL PRODUCTION, BY KEY COUNTRIES, 2017 (KILOTON) 89
TABLE 31 HYDRAULIC FLUID MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018–2025 (KILOTON) 90
TABLE 32 HYDRAULIC FLUID MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018–2025 (USD MILLION) 90
TABLE 33 WORLD WHEAT PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE) 91
TABLE 34 WORLD RICE PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE) 92
TABLE 35 WORLD MAIZE PRODUCTION, BY KEY COUNTRIES, 2018 (TONS/HECTARE) 92
TABLE 36 HYDRAULIC FLUID MARKET SIZE IN AGRICULTURE INDUSTRY, BY REGION 2018–2025 (KILOTON) 93
TABLE 37 HYDRAULIC FLUID MARKET SIZE IN AGRICULTURE INDUSTRY, BY REGION 2018–2025 (USD MILLION) 93
TABLE 38 WORLD OIL PRODUCTION, BY KEY COUNTRIES 2014-2018 (THOUSAND BARRELS/DAILY) 94
TABLE 39 HYDRAULIC FLUID MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION 2018–2025 (KILOTON) 95
TABLE 40 HYDRAULIC FLUID MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION 2018–2025 (USD MILLION) 95
TABLE 41 HYDRAULIC FLUID MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2018–2025 (KILOTON) 96
TABLE 42 HYDRAULIC FLUID MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2018–2025 (USD MILLION) 97
TABLE 43 HYDRAULIC FLUID MARKET SIZE IN CEMENT PRODUCTION, BY REGION 2018–2025 (KILOTON) 98
TABLE 44 HYDRAULIC FLUID MARKET SIZE IN CEMENT PRODUCTION, BY REGION 2018–2025 (USD MILLION) 99
TABLE 45 HYDRAULIC FLUID MARKET SIZE IN FOOD PROCESSING, BY REGION 2018–2025 (KILOTON) 100
TABLE 46 HYDRAULIC FLUID MARKET SIZE IN FOOD PROCESSING, BY REGION 2018–2025 (USD MILLION) 100
TABLE 47 HYDRAULIC FLUID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (KILOTON) 101
TABLE 48 HYDRAULIC FLUID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (USD MILLION) 102
TABLE 49 HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 104
TABLE 50 HYDRAULIC FLUID MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 105
TABLE 51 APAC: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 107
TABLE 52 APAC: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 107
TABLE 53 APAC: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON) 108
TABLE 54 APAC: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (USD MILLION) 108
TABLE 55 APAC: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (KILOTON) 108
TABLE 56 APAC: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD MILLION) 109
TABLE 57 CHINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 110
TABLE 58 CHINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 110
TABLE 59 INDIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 111
TABLE 60 INDIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 111
TABLE 61 JAPAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 112
TABLE 62 JAPAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 113
TABLE 63 SOUTH KOREA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 114
TABLE 64 SOUTH KOREA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 114
TABLE 65 AUSTRALIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 115
TABLE 66 AUSTRALIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 115
TABLE 67 THAILAND: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 116
TABLE 68 THAILAND: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 117
TABLE 69 INDONESIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 118
TABLE 70 INDONESIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 118
TABLE 71 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (KILOTON) 120
TABLE 72 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 121
TABLE 73 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (KILOTON) 121
TABLE 74 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (USD MILLION) 121
TABLE 75 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (KILOTON) 122
TABLE 76 NORTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD MILLION) 122
TABLE 77 US: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON) 123
TABLE 78 US: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 123
TABLE 79 CANADA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 124
TABLE 80 CANADA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 125
TABLE 81 MEXICO: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 126
TABLE 82 MEXICO: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 126
TABLE 83 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 129
TABLE 84 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 129
TABLE 85 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL, 2018–2025 (KILOTON) 130
TABLE 86 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (USD MILLION) 130
TABLE 87 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (KILOTON) 130
TABLE 88 EUROPE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD MILLION) 131
TABLE 89 RUSSIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 132
TABLE 90 RUSSIA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 132
TABLE 91 GERMANY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 133
TABLE 92 GERMANY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 133
TABLE 93 UK: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON) 134
TABLE 94 UK: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 135
TABLE 95 FRANCE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 136
TABLE 96 FRANCE: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 136
TABLE 97 ITALY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 137
TABLE 98 ITALY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 138
TABLE 99 SPAIN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 139
TABLE 100 SPAIN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 139
TABLE 101 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (KILOTON) 140
TABLE 102 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 140
TABLE 103 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (KILOTON) 141
TABLE 104 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (USD MILLION) 141
TABLE 105 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON) 142
TABLE 106 MIDDLE EAST & AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION) 142
TABLE 107 SOUTH AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 143
TABLE 108 SOUTH AFRICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 144
TABLE 109 TURKEY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 145
TABLE 110 TURKEY: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 145
TABLE 111 IRAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON) 146
TABLE 112 IRAN: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 146
TABLE 113 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (KILOTON) 147
TABLE 114 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 147
TABLE 115 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (KILOTON) 148
TABLE 116 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY BASE OIL 2018–2025 (USD MILLION) 148
TABLE 117 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (KILOTON) 148
TABLE 118 SOUTH AMERICA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD MILLION) 149
TABLE 119 BRAZIL: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 150
TABLE 120 BRAZIL: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 150
TABLE 121 ARGENTINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (TON) 151
TABLE 122 ARGENTINA: HYDRAULIC FLUID MARKET SIZE, BY END-USE INDUSTRY 2018–2025 (USD THOUSAND) 151
TABLE 123 EXPANSION, 2017–2019 160
TABLE 124 CONTRACT & AGREEMENT, 2017–2019 162
TABLE 125 ACQUISITION, 2017–2019 163
TABLE 126 JOINT VENTURE, 2017–2019 164
TABLE 127 NEW PRODUCT LAUNCH, 2017–2019 164