Market Overview:
The global flame-retarded hydraulic fluid 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% during the forecast period. The market growth can be attributed to the increasing demand for flame-retarded hydraulic fluids from various end-use industries such as metallurgy, mining, marine/offshore, aeronautic and others. Based on type, the global flame-retarded hydraulic fluid market has been segmented into HFA (hydrofluoroalkanes), HFB (hydrofluorobutanes), HFC (hydrofluorocarbons) and HFD (hydrofluoroethers). Among these types, the segment of HFC is expected to witness highest growth during the forecast period owing to its properties such as low toxicity and environmental friendliness. On basis of application, the global flame retardant hydraulic fluid market has been classified into metallurgy industry, mining industry,, marine/offshore industry,, aeronautic industry,, automotive & transportation sector,, construction sectorand others segments. Metallurgy Industry accounted for largest share in terms of revenue in 2017 due to growing demand for Flame Retardant Hydraulic Fluids from this end user segment across globe .
Product Definition:
A flame-retarded hydraulic fluid is a type of hydraulic fluid that has been treated with a flame retardant. This type of hydraulic fluid is important because it helps to prevent fires and explosions in systems that use hydraulics.
HFA:
HFA, it's usage and growth factor in Flame-retarded Hydraulic Fluid market? HFA, it's usage.
The global HFA industry is expected to witness significant gains over the forecast period owing to its rising demand for hydraulic fluid applications. The product has a high flash point which makes it suitable for use as a flame retardant.
HFB:
HFB (Flame Retardant) is a special type of hydraulic fluid used in brake caliper. It has low boiling point and thus stays at room temperature instead of getting converted into vapor as regular hydraulic fluid does. HFB can also be used for non-brake applications such as power steering, handbrakes, and transmission systems.
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 flame-retarded hydraulic fluids from various industries including automotive, construction, mining and others is projected to drive the segment growth.
Metallurgical plants require a high volume of HFD as they are used in processes such as Rod & Bar Production, Ingot Making, Fluid Handling Systems among others. Increasing investments by companies operating in metallurgical industry to enhance their technological capabilities coupled with growing demand for advanced products across various end-use applications are anticipated to propel product consumption over the coming years.
Flame retardant fluids help prevent fire accidents during chemical processing at steel mills by providing cooling water or ventilation when needed most effectively preventing potential disasters that may have widespread effects on surrounding infrastructure.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region has been witnessing increasing demand for flame-retarded hydraulic fluids from various industries, particularly mining and construction sectors, owing to growing economic conditions of developing countries such as China and India.
The Asia Pacific regional market includes major countries such as China, Australia, Japan, South Korea & India which have a strong industrial base for metal processing/ smelting/ refining etc., coupled with extensive usage of hydraulic equipment in these industries. Flame retardant HFA based products are widely used in metal processing operations due to its superior performance against fire compared to other conventional fluids including mineral oils. This trend is projected to drive the product demand over the forecast period.
Latin America also accounted for a significant share of revenue generation owing to high product consumption from metallurgy sector mainly driven by rising investments towards exploration & production activities across Brazil.
Growth Factors:
- Increasing demand for flame-retarded hydraulic fluids from the transportation sector due to stringent safety norms
- Growing demand for flame-retarded hydraulic fluids in the construction and mining sectors owing to their properties such as high thermal stability and low volatility
- Rising awareness about the benefits of using flame-retarded hydraulic fluids among end users
- Technological advancements in production processes of flame-retarded hydraulic fluids that are helping reduce manufacturing costs
- Stringent environmental regulations mandating use of fire retardant hydraulics fluid across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Flame-retarded 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Flame-retarded Hydraulic Fluid Market Report Segments:
The global Flame-retarded 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-retarded 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-retarded 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?
Flame-retarded hydraulic fluid is a type of hydraulic fluid that is designed to resist the spread of fire. This type of fluid is often used in industrial applications, such as manufacturing and processing plants, where the risk of a fire spreading is high.
Some of the major players in the flame-retarded hydraulic fluid market are Quaker, Houghton International, Eastman, ExxonMobil, BP, Total, Shell, Chevron, Lanxess (Chemtura), BASF, American Chemical Technologies, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flame-retarded 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-retarded Hydraulic Fluid Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Flame-retarded 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-retarded 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-retarded Hydraulic Fluid Market Size & Forecast, 2020-2028 4.5.1 Flame-retarded Hydraulic Fluid Market Size and Y-o-Y Growth 4.5.2 Flame-retarded 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-retarded 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-retarded 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-retarded Hydraulic Fluid Market: Competitive Dashboard
14.2 Global Flame-retarded 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