세계의 유압작동유 시장 : 산업 규모, 점유율, 동향, 기회, 예측 - 베이스 오일별, 용도별, 지역별, 경쟁(2020-2030년)

The Hydraulic Fluid market was valued at USD 8.45 Billion in 2024 and is expected to reach USD 10.06 Billion by 2030 with a CAGR of 2.95%. The global hydraulic fluid market is undergoing consistent and targeted expansion, driven by increasing utilization in key sectors such as industrial manufacturing, construction, transportation, and energy infrastructure. Hydraulic fluids serve as a vital component in the operation of advanced machinery, enabling efficient power transmission, lubrication, and thermal regulation all of which are essential to maintaining system reliability and minimizing mechanical wear.

Market dynamics are shifting, with end users increasingly seeking tailored fluid solutions that meet specific operational and regulatory demands. This includes a growing preference for high-performance and specialty formulations that support extended equipment life, reduced downtime, and enhanced energy efficiency. Additionally, demand is being fueled by the broader adoption of automated systems and the push for more sustainable, low-impact fluid technologies.

As industries modernize and integrate smart machinery and digital maintenance protocols, hydraulic fluids are evolving from commodity inputs to strategic performance enablers. The market continues to diversify across applications and geographies, positioning hydraulic fluids as a key enabler of next-generation equipment efficiency and system optimization.

Key Market Drivers

Rapid Industrialization and Infrastructure Development

Rapid industrialization and infrastructure development serve as primary catalysts for the growth of the global hydraulic fluid market, directly influencing demand across core industries that rely heavily on hydraulic systems for mechanical operations. As emerging economies such as China, India, Indonesia, Brazil, and Vietnam accelerate industrial expansion, there is a corresponding surge in the use of heavy machinery and automated systems. Emerging economies are witnessing a strong resurgence in industrial activity, with several approaching or surpassing their pre-pandemic growth trajectories. Notably, Emerging Asia is projected to record a GDP growth of 5.2% in 2024, followed by 4.8% in 2025, reflecting sustained momentum in manufacturing, infrastructure development, and export-driven industries across the region. With industrial production increasing globally especially in developing markets the demand for operational reliability and efficiency is higher than ever. This necessitates the frequent use and replenishment of hydraulic fluids, particularly in facilities running multi-shift operations where equipment downtime is costly.

Global infrastructure investment is reaching historic levels, with large-scale projects in transportation, energy, housing, and public utilities. Estimated USD3.7 trillion in annual investment is required to meet the growing global demand for infrastructure development and modernization. The global push for modernization, urbanization, and economic resilience bolstered by government-backed infrastructure stimulus packages has triggered a steep rise in the deployment of construction equipment such as excavators, bulldozers, cranes, pavers, and backhoes. These machines are powered by advanced hydraulic systems that function under high pressure and varying load conditions, requiring continuous lubrication and hydraulic force transmission. This sustained usage, along with routine fluid maintenance cycles, translates into consistent and high-volume demand for hydraulic fluids.

Rapid industrialization also brings a shift toward automated manufacturing and smart factory concepts, particularly in sectors like automotive, electronics, and heavy engineering. The increased adoption of CNC machinery, robotic arms, automated conveyors, and high-precision press machines has elevated the use of sophisticated hydraulic systems. These modern systems require high-performance hydraulic fluids that can withstand elevated pressures, minimize frictional losses, and maintain thermal stability especially in operations where process continuity and precision are critical. This shift is driving growth not just in fluid volume, but also in advanced fluid formulations capable of supporting next-generation machinery. Industrial and infrastructure investments in regions such as Asia Pacific, the Middle East, and Africa are fostering localized production and logistics hubs. These regions are experiencing the rapid development of industrial parks, logistics corridors, special economic zones, and energy infrastructure, all of which demand extensive use of hydraulic-powered machinery. This trend is significantly boosting aftermarket and OEM-level consumption of hydraulic fluids. Additionally, countries in these regions often depend on cost-efficient mineral oil-based fluids for their large fleets of conventional equipment, ensuring both volume and value-based growth for the market.

Key Market Challenges

Environmental and Regulatory Pressures on Conventional Hydraulic Fluids

One of the most significant challenges to the hydraulic fluid market is the tightening of environmental regulations, particularly concerning the use of mineral oil-based and non-biodegradable fluids. Regulatory agencies in North America, Europe, and parts of Asia are enforcing stricter standards on fluid toxicity, emissions, and biodegradability especially in sectors like marine, agriculture, forestry, and mining, where environmental exposure is more probable.

Non-compliance can lead to legal penalties, increased operational costs, and restrictions on usage, prompting companies to shift toward environmentally acceptable alternatives. However, bio-based and synthetic hydraulic fluids are typically more expensive and require equipment modifications, creating a cost barrier for adoption, especially in emerging markets. This regulatory pressure is creating friction between sustainability goals and budget constraints, limiting the broader uptake of next-generation fluid technologies.

Key Market Trends

Rising Adoption of Condition Monitoring and Smart Fluid Management Systems

One of the most significant trends shaping the future of the hydraulic fluid market is the integration of condition monitoring technologies and smart fluid management systems. Industrial operators are increasingly leveraging IoT-enabled sensors, data analytics, and predictive maintenance platforms to monitor the health of hydraulic fluids in real time tracking parameters such as viscosity, temperature, contamination, and oxidation levels.

This shift enables proactive fluid replacement, reduces unplanned downtime, and extends equipment life, enhancing operational efficiency. As more manufacturers move toward data-driven maintenance strategies, demand is expected to rise for hydraulic fluids that are compatible with these smart systems, including those with integrated fluid diagnostics and enhanced traceability features. This trend is pushing fluid suppliers to innovate with products designed for longer service intervals, greater stability, and digital compatibility, thereby opening new revenue streams and value-added service models.

Key Market Players

• Shell plc
• Exxon Mobil Corporation
• Chevron Corporation
• BP p.l.c
• PetroChina Company Limited
• China Petrochemical Corporation (SINOPEC)
• Idemitsu Kosan CO., Ltd
• Dow Inc.
• Eastman Chemical Company
• Gazpromneft-Lubricants Lt.

Report Scope:

In this report, the Global Hydraulic Fluid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydraulic Fluid Market, By Base Oil:

• Mineral Oil
• Synthetic oil
• Semi-Synthetic Oil
• Bio-Based Oil

Hydraulic Fluid Market, By Application:

• OEM
• Mining Equipment
• Construction Equipment
• Transportation
• Oil & Gas
• Metal Production
• Food & Beverage
• Others

Hydraulic Fluid Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydraulic Fluid Market.

Available Customizations:

Global Hydraulic Fluid market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Hydraulic Fluid Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Base Oil (Mineral Oil, Synthetic oil, Semi-Synthetic Oil, Bio-Based Oil)
  • 5.2.2. By Application (OEM, Mining Equipment, Construction Equipment, Transportation, Oil & Gas, Metal Production, Food & Beverage, Others)
  • 5.2.3. By Region
  • 5.2.4. By Company (2024)
• 5.3. Market Map

6. North America Hydraulic Fluid Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Base Oil
  • 6.2.2. By Application
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Hydraulic Fluid Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Base Oil
      • 6.3.1.2.2. By Application
  • 6.3.2. Canada Hydraulic Fluid Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Base Oil
      • 6.3.2.2.2. By Application
  • 6.3.3. Mexico Hydraulic Fluid Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Base Oil
      • 6.3.3.2.2. By Application

7. Europe Hydraulic Fluid Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Base Oil
  • 7.2.2. By Application
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Hydraulic Fluid Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Base Oil
      • 7.3.1.2.2. By Application
  • 7.3.2. United Kingdom Hydraulic Fluid Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Base Oil
      • 7.3.2.2.2. By Application
  • 7.3.3. Italy Hydraulic Fluid Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Base Oil
      • 7.3.3.2.2. By Application
  • 7.3.4. France Hydraulic Fluid Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Base Oil
      • 7.3.4.2.2. By Application
  • 7.3.5. Spain Hydraulic Fluid Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Base Oil
      • 7.3.5.2.2. By Application

8. Asia-Pacific Hydraulic Fluid Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Base Oil
  • 8.2.2. By Application
  • 8.2.3. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Hydraulic Fluid Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Base Oil
      • 8.3.1.2.2. By Application
  • 8.3.2. India Hydraulic Fluid Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Base Oil
      • 8.3.2.2.2. By Application
  • 8.3.3. Japan Hydraulic Fluid Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Base Oil
      • 8.3.3.2.2. By Application
  • 8.3.4. South Korea Hydraulic Fluid Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Base Oil
      • 8.3.4.2.2. By Application
  • 8.3.5. Australia Hydraulic Fluid Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Base Oil
      • 8.3.5.2.2. By Application

9. South America Hydraulic Fluid Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Base Oil
  • 9.2.2. By Application
  • 9.2.3. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Hydraulic Fluid Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Base Oil
      • 9.3.1.2.2. By Application
  • 9.3.2. Argentina Hydraulic Fluid Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Base Oil
      • 9.3.2.2.2. By Application
  • 9.3.3. Colombia Hydraulic Fluid Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Base Oil
      • 9.3.3.2.2. By Application

10. Middle East and Africa Hydraulic Fluid Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Base Oil
  • 10.2.2. By Application
  • 10.2.3. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Hydraulic Fluid Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Base Oil
      • 10.3.1.2.2. By Application
  • 10.3.2. Saudi Arabia Hydraulic Fluid Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Base Oil
      • 10.3.2.2.2. By Application
  • 10.3.3. UAE Hydraulic Fluid Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Base Oil
      • 10.3.3.2.2. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Recent Developments
• 12.2. Product Launches
• 12.3. Mergers & Acquisitions

13. Global Hydraulic Fluid Market: SWOT Analysis

14. Competitive Landscape

• 14.1. Shell plc
  • 14.1.1. Business Overview
  • 14.1.2. Product & Service Offerings
  • 14.1.3. Recent Developments
  • 14.1.4. Financials (If Listed)
  • 14.1.5. Key Personnel
  • 14.1.6. SWOT Analysis
• 14.2. Exxon Mobil Corporation
• 14.3. Chevron Corporation
• 14.4. BP p.l.c
• 14.5. PetroChina Company Limited
• 14.6. China Petrochemical Corporation (SINOPEC)
• 14.7. Idemitsu Kosan CO., Ltd
• 14.8. Dow Inc.
• 14.9. Eastman Chemical Company
• 14.10.Gazpromneft-Lubricants Lt.

15. Strategic Recommendations

16. About Us & Disclaimer