The hydraulic fluid market size has grown strongly in recent years. It will grow from $9.09 billion in 2025 to $9.57 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in industrial machinery usage, expansion of construction activities, reliance on hydraulic systems, availability of mineral oil based fluids, growth in automotive production.
The hydraulic fluid market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to automation in manufacturing, demand for environmentally friendly fluids, growth in electric vehicles, stricter emission regulations, advancements in additive technology. Major trends in the forecast period include growing adoption of bio based hydraulic fluids, rising demand for high performance synthetic fluids, increased use in automated industrial machinery, expansion of aftermarket fluid replacement, focus on extended fluid life and efficiency.
The growth of the hydraulic fluid market is anticipated to be driven by the increasing industrialization. This term refers to the process of economic and social transformation characterized by widespread adoption of industrial methods of production and organization. Advancements in technology, automation, and global demand for manufactured goods are fueling industrialization, resulting in enhanced productivity and economic growth across various regions. Hydraulic fluid plays a crucial role in industrialization by powering machinery and equipment through force transmission and lubrication, ensuring efficient and reliable operation in diverse applications. For example, according to Eurostat, a Luxembourg-based government statistical agency, industrial production in the European area rose by 0.2% in July 2023 compared to April 2023, indicating the impact of increasing industrialization on the hydraulic fluid market.
Major companies in the hydraulic fluid market are focusing on developing advanced environmentally compliant hydraulic fluid solutions to improve sustainability and performance in sensitive applications. These solutions are designed to meet strict regulatory and OEM requirements while minimizing ecological impact in industries such as mining, forestry, marine, and construction. For example, in October 2025, Lubrizol Corporation, a U.S.-based specialty chemical company, launched a zinc-free additive package featuring hydraulic fluid technology that delivers robust performance through innovative chemistry and meets a wide range of OEM specifications. The additive provides durable anti-wear protection, reduces downtime, extends equipment life, and lowers total cost of ownership. It also lengthens oil drain intervals through advanced oxidation resistance and thermal stability, improves hydraulic precision with enhanced air release and foam control, and offers formulation flexibility compatible with many Group II base oils.
In December 2023, Bosch Rexroth AG, a Germany-based engineering company, collaborated with TotalEnergies SE to develop sustainable alternatives to traditional mineral oil-based hydraulic fluids. This partnership focuses on creating biodegradable, fire-resistant water-based hydraulic fluids that offer environmental benefits while delivering performance similar to conventional fluids. TotalEnergies SE, a France-based energy and petroleum company, is a provider of hydraulic fluid participating in this initiative.
Major companies operating in the hydraulic fluid market are Sinopec Corporation, Exxon Mobil Corporation, Shell Plc, TotalEnergies SE, BP Plc, Chevron Corporation, The Phillips 66 Company, ENI S.p.A., Reliance Industries Limited, Repsol S.A., BASF SE, Idemitsu Kosan Co. Ltd., SK Lubricants Co. Ltd., Dow Inc., Lukoil Oil Co., Caltex Australia Limited, Croda International Plc, FUCHS SE, Ashland Global Holdings Inc., Castrol Limited, Quaker Chemical Corp., Valvoline Inc., Gulf Oil Corporation Limited, Gazpromneft Lubricants Ltd.
Asia-Pacific was the largest region in the hydraulic fluid market in 2025. The regions covered in the hydraulic fluid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic fluid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydraulic fluid market consists of sales of fire-resistant fluids, antiwear fluids, and high-performance fluids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The hydraulic fluid market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to automation in manufacturing, demand for environmentally friendly fluids, growth in electric vehicles, stricter emission regulations, advancements in additive technology. Major trends in the forecast period include growing adoption of bio based hydraulic fluids, rising demand for high performance synthetic fluids, increased use in automated industrial machinery, expansion of aftermarket fluid replacement, focus on extended fluid life and efficiency.
The growth of the hydraulic fluid market is anticipated to be driven by the increasing industrialization. This term refers to the process of economic and social transformation characterized by widespread adoption of industrial methods of production and organization. Advancements in technology, automation, and global demand for manufactured goods are fueling industrialization, resulting in enhanced productivity and economic growth across various regions. Hydraulic fluid plays a crucial role in industrialization by powering machinery and equipment through force transmission and lubrication, ensuring efficient and reliable operation in diverse applications. For example, according to Eurostat, a Luxembourg-based government statistical agency, industrial production in the European area rose by 0.2% in July 2023 compared to April 2023, indicating the impact of increasing industrialization on the hydraulic fluid market.
Major companies in the hydraulic fluid market are focusing on developing advanced environmentally compliant hydraulic fluid solutions to improve sustainability and performance in sensitive applications. These solutions are designed to meet strict regulatory and OEM requirements while minimizing ecological impact in industries such as mining, forestry, marine, and construction. For example, in October 2025, Lubrizol Corporation, a U.S.-based specialty chemical company, launched a zinc-free additive package featuring hydraulic fluid technology that delivers robust performance through innovative chemistry and meets a wide range of OEM specifications. The additive provides durable anti-wear protection, reduces downtime, extends equipment life, and lowers total cost of ownership. It also lengthens oil drain intervals through advanced oxidation resistance and thermal stability, improves hydraulic precision with enhanced air release and foam control, and offers formulation flexibility compatible with many Group II base oils.
In December 2023, Bosch Rexroth AG, a Germany-based engineering company, collaborated with TotalEnergies SE to develop sustainable alternatives to traditional mineral oil-based hydraulic fluids. This partnership focuses on creating biodegradable, fire-resistant water-based hydraulic fluids that offer environmental benefits while delivering performance similar to conventional fluids. TotalEnergies SE, a France-based energy and petroleum company, is a provider of hydraulic fluid participating in this initiative.
Major companies operating in the hydraulic fluid market are Sinopec Corporation, Exxon Mobil Corporation, Shell Plc, TotalEnergies SE, BP Plc, Chevron Corporation, The Phillips 66 Company, ENI S.p.A., Reliance Industries Limited, Repsol S.A., BASF SE, Idemitsu Kosan Co. Ltd., SK Lubricants Co. Ltd., Dow Inc., Lukoil Oil Co., Caltex Australia Limited, Croda International Plc, FUCHS SE, Ashland Global Holdings Inc., Castrol Limited, Quaker Chemical Corp., Valvoline Inc., Gulf Oil Corporation Limited, Gazpromneft Lubricants Ltd.
Asia-Pacific was the largest region in the hydraulic fluid market in 2025. The regions covered in the hydraulic fluid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic fluid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydraulic fluid market consists of sales of fire-resistant fluids, antiwear fluids, and high-performance fluids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Hydraulic Fluid Market Characteristics
3. Hydraulic Fluid Market Supply Chain Analysis
4. Global Hydraulic Fluid Market Trends and Strategies
5. Hydraulic Fluid Market Analysis of End Use Industries
7. Global Hydraulic Fluid Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Hydraulic Fluid Total Addressable Market (TAM) Analysis for the Market
9. Hydraulic Fluid Market Segmentation
10. Hydraulic Fluid Market Regional and Country Analysis
11. Asia-Pacific Hydraulic Fluid Market
12. China Hydraulic Fluid Market
13. India Hydraulic Fluid Market
14. Japan Hydraulic Fluid Market
15. Australia Hydraulic Fluid Market
16. Indonesia Hydraulic Fluid Market
17. South Korea Hydraulic Fluid Market
18. Taiwan Hydraulic Fluid Market
19. South East Asia Hydraulic Fluid Market
20. Western Europe Hydraulic Fluid Market
21. UK Hydraulic Fluid Market
22. Germany Hydraulic Fluid Market
23. France Hydraulic Fluid Market
24. Italy Hydraulic Fluid Market
25. Spain Hydraulic Fluid Market
26. Eastern Europe Hydraulic Fluid Market
27. Russia Hydraulic Fluid Market
28. North America Hydraulic Fluid Market
29. USA Hydraulic Fluid Market
30. Canada Hydraulic Fluid Market
31. South America Hydraulic Fluid Market
32. Brazil Hydraulic Fluid Market
33. Middle East Hydraulic Fluid Market
34. Africa Hydraulic Fluid Market
36. Hydraulic Fluid Market Competitive Landscape and Company Profiles
37. Hydraulic Fluid Market Other Major and Innovative Companies
40. Hydraulic Fluid Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Hydraulic Fluid Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses hydraulic fluid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hydraulic fluid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hydraulic fluid market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Mineral Oil; Synthetic Oil; Bio-Based Oil2) By Distribution Channel: Original Equipment Manufacturer (OEM); Aftermarket
3) By End-Use: Oil and Gas; Marine; Automotive; Aerospace and Defense; Construction; Other End Uses
Subsegments:
1) By Mineral Oil: Refined Mineral Oil-Based Hydraulic Fluids; Additive-Enhanced Mineral Oil-Based Fluids2) By Synthetic Oil: Phosphate Esters; Water Glycol-Based Fluids; Polyalphaolefins (Pao); Esters-Based Fluids
3) By Bio-Based Oil: Vegetable Oil-Based Fluids; Animal Fat-Based Fluids; Synthetic Bio-Based Fluids
Companies Mentioned: Sinopec Corporation; Exxon Mobil Corporation; Shell Plc; TotalEnergies SE; BP Plc; Chevron Corporation; the Phillips 66 Company; ENI S.p.a.; Reliance Industries Limited; Repsol S.a.; BASF SE; Idemitsu Kosan Co. Ltd.; SK Lubricants Co. Ltd.; Dow Inc.; Lukoil Oil Co.; Caltex Australia Limited; Croda International Plc; FUCHS SE; Ashland Global Holdings Inc.; Castrol Limited; Quaker Chemical Corp.; Valvoline Inc.; Gulf Oil Corporation Limited; Gazpromneft Lubricants Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Hydraulic Fluid market report include:- Sinopec Corporation
- Exxon Mobil Corporation
- Shell Plc
- TotalEnergies SE
- BP Plc
- Chevron Corporation
- The Phillips 66 Company
- ENI S.p.A.
- Reliance Industries Limited
- Repsol S.A.
- BASF SE
- Idemitsu Kosan Co. Ltd.
- SK Lubricants Co. Ltd.
- Dow Inc.
- Lukoil Oil Co.
- Caltex Australia Limited
- Croda International Plc
- FUCHS SE
- Ashland Global Holdings Inc.
- Castrol Limited
- Quaker Chemical Corp.
- Valvoline Inc.
- Gulf Oil Corporation Limited
- Gazpromneft Lubricants Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 9.57 Billion |
| Forecasted Market Value ( USD | $ 11.68 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
