Market Overview:
The global flame retardant hydraulic fluid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for flame retardant hydraulic fluids from various end-use industries, such as metallurgy, mining, marine/offshore, aeronautic and others. In addition, the growing awareness about the benefits of using flame retardant hydraulic fluids is also contributing to the growth of this market. Based on type, HFA (hydrofluoroalkanes), HFB (hydrofluorobutanes), HFC (hydrofluorocarbons) and HFD (hydrofluoroethers) are some of the major types of flame retardant hydraulic fluids available in this market. Among these types, HFA is expected to witness highest growth during the forecast period owing to its properties such as low toxicity and environmental friendliness. Based on application, metallurgy sector accounts for majority share in terms of consumption volume followed by mining sector across all regions studied in this research study.
Product Definition:
A flame retardant hydraulic fluid is a type of hydraulic fluid that has been treated with a flame retardant additive. This additive helps to reduce the likelihood of a fire starting in the hydraulic system. Flame retardant hydraulic fluids are important because they can help to prevent potentially dangerous fires from occurring in industrial settings.
HFA:
HFA, it's usage and growth factor in Flame Retardant Hydraulic Fluid market? HFA, it's usage.
HFA, it's usage and growth factor in the global flame retardant hydraulic fluid market size was valued at USD 5.5 million in 2015.
HFB:
HFB (Hydrofluorocarbons) is a group of compounds, which are extensively used as fire retardants in hydraulic fluids. They have high heat resistance and low toxicity. HFCs with similar molecular structure to that of HFB but without the ability to form bonds are also known as halogen-based fire retardants or hydrocarbon derivatives (HCDR).
The global market for HFCs was largely dominated by U.S.
Application Insights:
The metallurgy segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The rising demand for steel from various industries including construction, automotive, machinery and others is anticipated to propel the product demand in this application segment. In addition, increasing investments for new projects related to metallurgical activities are likely to drive industry expansion over the coming years.
Aeronautic was one of the prominent segments that accounted for a share of 15% in 2017 owing to extensive use of hydraulic systems on board aircraft. These systems include actuation, navigation equipment as well as flight controls on an aircraft which operate through pressurization or hydrostatic pressure generated by these fluids respectively.
Regional Analysis:
Asia Pacific dominated the global flame retardant hydraulic fluid market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Toyota Tsusho, Kia Motors Corporation, and Hyundai Heavy Industries Co., Ltd. has resulted in high production capacity for these products in this region. In addition, increasing demand from various end-use industries such as metallurgy, mining, marine/offshore activities is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific was followed by Europe with a share of 25%. The presence of major countries such as Russia and France that are rich with mineral resources have resulted in increased exploration activities which will boost product demand further driving its growth over the next eight years.
Growth Factors:
- Increasing demand for flame retardant hydraulic fluids from the transportation sector as a result of stringent safety norms
- Growing demand for fire-resistant fluids in the oil and gas industry to prevent accidental fires and explosions
- Rising use of flame retardant hydraulic fluids in metalworking industries to protect equipment against high temperatures and flames
- Increasing adoption of these fluids in power generation plants to avoid any potential hazards during combustion processes
- Growing awareness about the benefits of using flame retardant hydraulic fluids among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Flame Retardant 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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Flame Retardant Hydraulic Fluid Market Report Segments:
The global Flame Retardant 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 Flame Retardant 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 Flame Retardant 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.
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?
Flame retardant hydraulic fluid is a type of hydraulic fluid that helps to prevent fires from occurring. It is typically used in industrial settings, such as factories and oil refineries, where there is a potential for fire. Flame retardant hydraulic fluid can help to reduce the amount of time it takes for a fire to spread and potentially cause serious damage.
Some of the major companies in the flame retardant 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 flame retardant hydraulic fluid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flame Retardant 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 Flame Retardant Hydraulic Fluid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flame Retardant 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 Flame Retardant 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 Flame Retardant Hydraulic Fluid Market Size & Forecast, 2020-2028
4.5.1 Flame Retardant Hydraulic Fluid Market Size and Y-o-Y Growth
4.5.2 Flame Retardant 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 Flame Retardant 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 Flame Retardant 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 Flame Retardant Hydraulic Fluid Market: Competitive Dashboard
14.2 Global Flame Retardant 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
