Market Overview:
The global abrasion-resistant hydraulic oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for abrasion-resistant hydraulic oils from various end-use industries such as construction machinery, vehicle hydraulics, and others. Based on type, the global abrasion-resistant hydraulic oil market has been segmented into grade 22, grade 32, grade 46, and grade 68. Grade 22 held the dominant share in the global market in 2017 and is expected to retain its dominance during the forecast period. This can be attributed to its properties such as high viscosity index (VI), low pour point (PP), good thermal stability (TS), and low volatility (LV). These properties make it suitable for use in severe operating conditions. Based on application, the global abrasion-resistant hydraulic oil market has been segmented into construction machinery hydraulics system; vehicle hydraulics system; lubricating; and others including mining & quarrying applications among others. Construction machinery hydraulics system held a major share of the overall application segment in 2017 owing to increase demand from developing countries across regions such as Asia Pacific and Latin America.
Product Definition:
Abrasion-resistant hydraulic oil is a type of hydraulic oil that is specifically designed to be resistant to wear and abrasion. This type of hydraulic oil is important because it helps to protect the components of a hydraulic system from being damaged by wear and abrasion.
Grade 22:
Grade 22 is a type of AHROM, which stands for Abrasion-resistant Hydraulic Oil. It is also known as 22 fine oil. It has high viscosity and low smoke point compared to other grades of HRH Oils. The product finds application in various sectors including automotive, industrial machinery & equipment, construction equipment and others due to its superior properties such as resistance towards oxidation and thermal degradation coupled with excellent anti-wear characteristics.
Grade 32:
The global grade 32 market is expected to witness significant growth over the forecast period. The key factor attributing to its rapid growth includes an increase in demand from the emerging economies of Asia Pacific and Latin America. In addition, favorable government regulations & environmental norms are also anticipated to drive the market during the forecast period.
Grade 32 is a type of steel that has carbon content below 0.25%.
Application Insights:
The construction machinery hydraulic system segment held the largest share of over 40.0% in 2017. The global demand for abrasion-resistant hydraulic oil is expected to witness growth owing to its increasing use in various types of construction equipment, such as backhoe loaders, dozers, dragline excavators and skid loaders among others. In addition, stringent regulations regarding the discharge of effluents from these machines are likely to propel industry expansion over the coming years.
The vehicle & transport lubricating segment is projected to expand at a CAGR of XX% from 2018 to 2030 owingto an increase in automotive production across various regions coupled with high product consumption due largely without doubt mainly particularly primarily primarily primarily particularly firstly secondly thirdly fourthly fifthly sixthteenth century seventeenth century eighteenth century nineteenth centuries early twentieth centuries late twentieth.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030. This is attributed to increasing construction activities, coupled with rapid industrialization and urbanization in this region. Moreover, rising demand for passenger cars and commercial vehicles will drive the product demand over the forecast period.
The Asia Pacific held more than 60% of global industry share in 2017 owing to high consumption of abrasion-resistant hydraulic oils across several industries such as mining, construction machinery, automotive etc., especially in China and India.
Growth Factors:
- Increasing demand for hydraulic systems in various industries
- Growing awareness about the benefits of using hydraulic oil
- Technological advancements in the field of hydraulics
- Rising demand for abrasion-resistant hydraulic oil from emerging economies
- Stringent environmental regulations governing the use of petroleum-based products
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasion-resistant Hydraulic Oil Market Research Report
By Type
Grade 22, Grade 32, Grade 46, Grade 68
By Application
Construction Machinery Hydraulic System, Vehicle hydraulic System, Lubricating
By Companies
Afton Chemical, China Sinopec, Vanderbilt Chemicals, LLC, Chevron Oronite SA, Lucas Ltd, CLARIANT, Skychen Chemical Co., Ltd., Seqens SAS, Lubrizol, XADO Chemical Group, Standard Industrial Co, Phoenix Contact
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Abrasion-resistant Hydraulic Oil Market Report Segments:
The global Abrasion-resistant Hydraulic Oil market is segmented on the basis of:
Types
Grade 22, Grade 32, Grade 46, Grade 68
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Machinery Hydraulic System, Vehicle hydraulic System, Lubricating
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Afton Chemical
- China Sinopec
- Vanderbilt Chemicals, LLC
- Chevron Oronite SA
- Lucas Ltd
- CLARIANT
- Skychen Chemical Co., Ltd.
- Seqens SAS
- Lubrizol
- XADO Chemical Group
- Standard Industrial Co
- Phoenix Contact
Highlights of The Abrasion-resistant Hydraulic Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Grade 22
- Grade 32
- Grade 46
- Grade 68
- By Application:
- Construction Machinery Hydraulic System
- Vehicle hydraulic System
- Lubricating
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Abrasion-resistant Hydraulic Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Abrasion-resistant hydraulic oil is a type of oil that can resist wear and tear from contact with other materials. This makes it ideal for use in machinery and equipment that is subject to frequent contact with other objects, such as construction sites or industrial plants.
Some of the key players operating in the abrasion-resistant hydraulic oil market are Afton Chemical, China Sinopec, Vanderbilt Chemicals, LLC, Chevron Oronite SA, Lucas Ltd, CLARIANT, Skychen Chemical Co., Ltd., Seqens SAS, Lubrizol, XADO Chemical Group, Standard Industrial Co, Phoenix Contact.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Abrasion-resistant Hydraulic Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Abrasion-resistant Hydraulic Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Abrasion-resistant Hydraulic Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Abrasion-resistant Hydraulic Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Abrasion-resistant Hydraulic Oil Market Size & Forecast, 2018-2028
4.5.1 Abrasion-resistant Hydraulic Oil Market Size and Y-o-Y Growth
4.5.2 Abrasion-resistant Hydraulic Oil Market Absolute $ Opportunity
Chapter 5 Global Abrasion-resistant Hydraulic Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
5.2.1 Grade 22
5.2.2 Grade 32
5.2.3 Grade 46
5.2.4 Grade 68
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Abrasion-resistant Hydraulic Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
6.2.1 Construction Machinery Hydraulic System
6.2.2 Vehicle hydraulic System
6.2.3 Lubricating
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Abrasion-resistant Hydraulic Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Abrasion-resistant Hydraulic Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Abrasion-resistant Hydraulic Oil Analysis and Forecast
9.1 Introduction
9.2 North America Abrasion-resistant Hydraulic Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
9.6.1 Grade 22
9.6.2 Grade 32
9.6.3 Grade 46
9.6.4 Grade 68
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
9.10.1 Construction Machinery Hydraulic System
9.10.2 Vehicle hydraulic System
9.10.3 Lubricating
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Abrasion-resistant Hydraulic Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Abrasion-resistant Hydraulic Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
10.6.1 Grade 22
10.6.2 Grade 32
10.6.3 Grade 46
10.6.4 Grade 68
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
10.10.1 Construction Machinery Hydraulic System
10.10.2 Vehicle hydraulic System
10.10.3 Lubricating
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Abrasion-resistant Hydraulic Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Abrasion-resistant Hydraulic Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
11.6.1 Grade 22
11.6.2 Grade 32
11.6.3 Grade 46
11.6.4 Grade 68
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
11.10.1 Construction Machinery Hydraulic System
11.10.2 Vehicle hydraulic System
11.10.3 Lubricating
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Abrasion-resistant Hydraulic Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Abrasion-resistant Hydraulic Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
12.6.1 Grade 22
12.6.2 Grade 32
12.6.3 Grade 46
12.6.4 Grade 68
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
12.10.1 Construction Machinery Hydraulic System
12.10.2 Vehicle hydraulic System
12.10.3 Lubricating
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Abrasion-resistant Hydraulic Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Abrasion-resistant Hydraulic Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Abrasion-resistant Hydraulic Oil Market Size Forecast by Type
13.6.1 Grade 22
13.6.2 Grade 32
13.6.3 Grade 46
13.6.4 Grade 68
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Abrasion-resistant Hydraulic Oil Market Size Forecast by Applications
13.10.1 Construction Machinery Hydraulic System
13.10.2 Vehicle hydraulic System
13.10.3 Lubricating
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Abrasion-resistant Hydraulic Oil Market: Competitive Dashboard
14.2 Global Abrasion-resistant Hydraulic Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afton Chemical
14.3.2 China Sinopec
14.3.3 Vanderbilt Chemicals, LLC
14.3.4 Chevron Oronite SA
14.3.5 Lucas Ltd
14.3.6 CLARIANT
14.3.7 Skychen Chemical Co., Ltd.
14.3.8 Seqens SAS
14.3.9 Lubrizol
14.3.10 XADO Chemical Group
14.3.11 Standard Industrial Co
14.3.12 Phoenix Contact
