Market Overview:
The global fire-resistant hydraulic fluid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fire-resistant hydraulic fluids in various end-use industries, such as metallurgy, mining, marine/offshore, aeronautic and others. In addition, stringent environmental regulations are also driving the demand for fire-resistant hydraulic fluids across the globe. Based on type, HFA (hydrofluoroalkane), HFB (hydrofluorobutane), HFC (hydrofluorocarbon) and HFD (hydrofluoroether) are the major types of fire-resistant hydraulic fluids available in the market. Among these types, HFA is expected to witness highest growth during the forecast period owing to its properties such as low toxicity and nonflammability. Additionally, it is also used as a blowing agent in polyurethanes and foams applications owing to its thermal stability characteristics which make it an ideal choice for these applications over other types of hydrocarbons available in the market. Based on application, metallurgy sector accounts for majority share of global fire-resistant hydraulic fluid consumption followed by mining sector due high usage rates of these fluids in metal extraction processes where fires pose a serious threat to safety & environment .
Product Definition:
Fire-resistant hydraulic fluid is a type of hydraulic fluid that is resistant to fire. This type of hydraulic fluid is important because it can help protect equipment from being damaged in the event of a fire.
HFA:
Hydrofluidic fire-resistant hydraulic fluid is a special type of water-based hydraulic fluid used in high-pressure firefighting systems. It has been designed and developed to provide optimum protection to firefighters while tackling huge infernos. The product is also known as HFA (hydrofluidic fire assistant) or HPFF (high pressure fire fighting).
HFB:
Hydraulic Fluids (HF) are used in fire-resistant hydraulic systems to provide the necessary pressure for actuating the system. The basic function of a hydraulic fluid is to transmit pressure from one point to another by way of a valve, which may be either mechanical or electrical. HVAC fluids also contain chemicals that help in maintaining ideal temperature and humidity levels inside the building along with providing fire protection.
The global market for HFB.
Application Insights:
The metallurgy segment led the global fire-resistant hydraulic fluid market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for these fluids from various industries, including automotive, construction and mining. In addition, technological advancements coupled with product innovations are expected to drive the segment further.
For instance, in July 2018; Dow Chemical Company launched its new product range under DOW Corrosion Prevention portfolio which includes Dow Fire-Resistant Hydraulic Fluids (HYDRAULICS) PA 6600 for use in pressure vessels that operate at elevated temperatures or where there is risk of exposure to high heat or flame.
Regional Analysis:
Asia Pacific dominated the global fire-resistant hydraulic fluid market in 2016 and is expected to continue its dominance over the forecast period. The presence of numerous mining companies in China, Australia, India and other countries is anticipated to boost product demand. Moreover, increasing infrastructure activities coupled with rapid urbanization in emerging economies such as India and China are likely to promote industry growth over the next eight years.
The Asia Pacific regional market accounted for a revenue share of 34% in 2017 owing to high industrial output from various sectors including metallurgy, mining & exploration, automotive/transportation equipment manufacturing along with marine/offshore sector which has led it being called as the factory of the world’s future.
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for fire-resistant hydraulic fluids from the oil and gas industry as a result of increasing exploration and production activities
- Growing demand for fire-resistant hydraulic fluids in the mining industry to protect equipment from fires
- Rising use of fire-resistant hydraulic fluids in power generation plants to prevent accidental fires
- Increasing adoption of fire-resistant hydraulic fluids in transportation sector to reduce the risk of vehicle fires
- Technological advancements that lead to development of new and improved formulations of fire-resistant hydraulic fluids
Scope Of The Report
Report Attributes
Report Details
Report Title
Fire-Resistant Hydraulic Fluid Market Research Report
By Type
HFA, HFB, HFC, HFD
By Application
Metallurgy, Mining, Marine/Offshore, Aeronautic, Others
By Companies
Quaker, Houghton International, Eastman, ExxonMobil, BP, Total, Shell, Chevron, Lanxess (Chemtura), BASF, American Chemical Technologies, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Fire-Resistant Hydraulic Fluid Market Report Segments:
The global Fire-Resistant Hydraulic Fluid market is segmented on the basis of:
Types
HFA, HFB, HFC, HFD
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
Metallurgy, Mining, Marine/Offshore, Aeronautic, Others
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:
- Quaker
- Houghton International
- Eastman
- ExxonMobil
- BP
- Total
- Shell
- Chevron
- Lanxess (Chemtura)
- BASF
- American Chemical Technologies
- Idemitsu
- MORESCO
- Wuhan Jiesheng
- Sinopec
Highlights of The Fire-Resistant Hydraulic Fluid 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:
- HFA
- HFB
- HFC
- HFD
- By Application:
- Metallurgy
- Mining
- Marine/Offshore
- Aeronautic
- Others
- 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 Fire-Resistant Hydraulic Fluid 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.
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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?
Fire-resistant hydraulic fluid is a type of hydraulic fluid that can resist fire. It is often used in industrial and construction applications where there is a potential for fire.
Some of the major companies in the fire-resistant hydraulic fluid market are Quaker, Houghton International, Eastman, ExxonMobil, BP, Total, Shell, Chevron, Lanxess (Chemtura), BASF, American Chemical Technologies, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec.
The fire-resistant hydraulic fluid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fire-Resistant Hydraulic Fluid 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 Fire-Resistant Hydraulic Fluid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fire-Resistant Hydraulic Fluid 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 Fire-Resistant Hydraulic Fluid 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 Fire-Resistant Hydraulic Fluid Market Size & Forecast, 2020-2028
4.5.1 Fire-Resistant Hydraulic Fluid Market Size and Y-o-Y Growth
4.5.2 Fire-Resistant Hydraulic Fluid Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 HFA
5.2.2 HFB
5.2.3 HFC
5.2.4 HFD
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Mining
6.2.3 Marine/Offshore
6.2.4 Aeronautic
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fire-Resistant Hydraulic Fluid 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 Fire-Resistant Hydraulic Fluid 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 HFA
9.6.2 HFB
9.6.3 HFC
9.6.4 HFD
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 Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Mining
9.10.3 Marine/Offshore
9.10.4 Aeronautic
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 HFA
10.6.2 HFB
10.6.3 HFC
10.6.4 HFD
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 Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Mining
10.10.3 Marine/Offshore
10.10.4 Aeronautic
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 HFA
11.6.2 HFB
11.6.3 HFC
11.6.4 HFD
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 Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Mining
11.10.3 Marine/Offshore
11.10.4 Aeronautic
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 HFA
12.6.2 HFB
12.6.3 HFC
12.6.4 HFD
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 Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Mining
12.10.3 Marine/Offshore
12.10.4 Aeronautic
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 HFA
13.6.2 HFB
13.6.3 HFC
13.6.4 HFD
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) Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Mining
13.10.3 Marine/Offshore
13.10.4 Aeronautic
13.10.5 Others
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 Fire-Resistant Hydraulic Fluid Market: Competitive Dashboard
14.2 Global Fire-Resistant Hydraulic Fluid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Quaker
14.3.2 Houghton International
14.3.3 Eastman
14.3.4 ExxonMobil
14.3.5 BP
14.3.6 Total
14.3.7 Shell
14.3.8 Chevron
14.3.9 Lanxess (Chemtura)
14.3.10 BASF
14.3.11 American Chemical Technologies
14.3.12 Idemitsu
14.3.13 MORESCO
14.3.14 Wuhan Jiesheng
14.3.15 Sinopec
