About Hydraulic Lubricant
Hydraulic lubricants played a vital role in numerous industries including automotive, industrial, and marine. It helps to reduce friction and wear and tear of operating parts of machines. Lubricants possess properties such as high boiling point, high viscosity index, corrosion prevention, thermal stability, low freezing point, and high resistivity to oxidation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mineraloel-Raffinerie Dollbergen GmbH (Germany), Royal Dutch Shell (Netherlands), ExxonMobile (United States), BP (United Kingdom), Chevron Corporation (United States), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India) and Idemitsu Kosan (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydraulic Lubricant market by Type (Mineral Lubricant and Synthetic Lubricant), Application (Automobile Industry, Shipping Industry, Textile Industry and Other) and Region.
On the basis of geography, the market of Hydraulic Lubricant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Rapid Industrial Growth in APAC and the Middle East & Africa, Continuous Improvement in Quality of Hydraulic Lubricants and Growing Automotive Industry in Globally
Challenges:
Oil Rejuvenation and Stringent Environmental Regulations
Restraints:
High Cost of Hydraulic Lubricants and Electric Vehicles May Reduced the After Sales Growth for Certain Fluids
Opportunities:
Increasing Demand From Marine Application and Availability of Semi-Synthetic Hydraulic Lubricants
Market Leaders and their expansionary development strategies
March 5, 2024 /PRNewswire/ -- Kodiak strengthens its position as a leading process fluid provider through the acquisition of Aztech Lubricants, expanding their product portfolio to powdered chemicals. The acquisition will continuing to execute growth strategy, increasing companies geographical footprint and manufacturing capabilities.
In February 2024, Castrol has launched Transaqua SP-HC, a new hydraulic control fluid under its Transaqua range. The fluid has been formulated for use as the control fluid in subsea production control systems, delivering all-round subsea production system protection. Castrol Transaqua SP-HC is suitable for Electro-Hydraulic Multiplex (EH-Mux) or direct hydraulic control systems in high-pressure, deep-water gas projects exceeding 20,000 psi (1379 bar), where entrained gas may contaminate control lines, creating a risk of hydrate formation.
Key Target Audience
Hydraulic Lubricant Manufacturers, Raw Material Suppliers, Investment Banks, Distributors of Hydraulic Lubricant, Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.