Market Overview:
The global plant-based 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 XX% during the forecast period. The market growth can be attributed to the increasing demand for environment-friendly products and the growing awareness about the benefits of plant-based hydraulic oils over mineral oils. Based on type, the global plant-based hydraulic oil market has been segmented into natural and synthetic. The natural segment is expected to account for a larger share of the market in 2018 owing to its superior properties such as biodegradability, non-toxicity, and low volatility. However, synthetic plant-based hydraulic oils are anticipated to grow at a higher CAGR during the forecast period due their high viscosity index which makes them suitable for use in extreme temperature conditions. On basis of application, industrial lubricants accounted for majority share of the global plant based hydraulics oil market in 2017. This can be attributed to increasing demand from end users such as automotive OEMs & suppliers; metal fabrication; food & beverage processing; textile mills; paper mills among others across different regions worldwide.
Product Definition:
Hydraulic oil is a type of oil that is used in hydraulic systems. It serves as a lubricant and also helps to transfer heat away from the system. Plant-based hydraulic oil is made from vegetable oils, making it more environmentally friendly than traditional hydraulic oils. It has lower emissions and can be recycled more easily.
Natural:
Natural is a product that contains ingredients extracted from plants. It has been widely used as an alternative to synthetic or artificial hydraulic oils in the agriculture and construction industries. However, with growing environmental concerns over using petrochemical-based products, the demand for natural hydraulic oil has grown significantly in recent years.
The market for natural hydraulic oil is expected to grow at a significant rate on account of increasing awareness among consumers regarding environment protection and decreasing reliance on conventional petroleum-based products.
Synthetic:
Synthetic is a man-made product and is not found in nature. It has been created by humans and used to replace natural oils. Synthetic hydraulic oil can be produced from any number of sources, including petrochemicals, shale gas, coal tar, soybean oil or even animal fats (lard).
Application Insights:
The automotive segment is estimated to be the fastest-growing application, with a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for bio-based hydraulic oils in various vehicles across the globe owing to its environment friendliness and sustainability. Moreover, regulatory bodies have laid down stringent regulations regarding usage of fossil fuel derivatives in automobiles, which are expected to drive market growth over the coming years.
Agriculture is one of the major applications worldwide as it does not require any kind of lubricant additive and hence has a high preference among farmers across different regions due largely to its low cost coupled with better performance characteristics than synthetic or mineral oil products do in agricultural machinery such as tractors and harvesters.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, particularly in China, India, Japan and South Korea. Increasing industrialization coupled with rapid urbanization has resulted in an increased demand for energy across various application sectors such as transportation & logistics, construction industry etc., which is anticipated to propel product demand over the forecast period.
Europe accounted for 24% of revenue share in 2017 owing to high consumption from major industries including automotive and aerospace coupled with increasing oilfield development activities across countries such as Russia and Norway are expected to drive growth over the next eight years. However declining crude oil production along with decreasing manufacturing activity due to economic slowdown is anticipated negatively impact overall market growth during this timeframe.
Growth Factors:
- Increasing demand for plant-based hydraulic oil from the automotive and transportation sector due to its low environmental impact.
- Growing awareness about the benefits of using plant-based hydraulic oil among consumers, which is likely to boost demand over the forecast period.
- Rising investments in research and development activities by key players to develop new and innovative products is expected to propel growth of the market over the next few years.
- Increasing number of mergers and acquisitions by leading players in order to expand their product portfolio is anticipated to fuel growth of this market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-based Hydraulic Oil Market Research Report
By Type
Natural, Synthetic
By Application
Industrial, Automotive, Agriculture, Others
By Companies
Renewable Lubricants Inc., Caltex, Lubriplate Lubricants Co., Hydro Safe Oil, Schaeffer Oil, China Petroleum Engineering Corporation, Tianjin Diheng Bioenergy Co., Ltd., Hebi Tairunda Biological Grease Co., Ltd., Anhui Qiayu Biological Technology Co., Ltd., FUCHS PETROLUB AG, Wanxin Industrial Co., Ltd., Xi'an Petroleum Dajiarun Industrial Co., Ltd.
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Plant-based Hydraulic Oil Market Report Segments:
The global Plant-based Hydraulic Oil market is segmented on the basis of:
Types
Natural, Synthetic
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
Industrial, Automotive, Agriculture, 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:
- Renewable Lubricants Inc.
- Caltex
- Lubriplate Lubricants Co.
- Hydro Safe Oil
- Schaeffer Oil
- China Petroleum Engineering Corporation
- Tianjin Diheng Bioenergy Co., Ltd.
- Hebi Tairunda Biological Grease Co., Ltd.
- Anhui Qiayu Biological Technology Co., Ltd.
- FUCHS PETROLUB AG
- Wanxin Industrial Co., Ltd.
- Xi'an Petroleum Dajiarun Industrial Co., Ltd.
Highlights of The Plant-based 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:
- Natural
- Synthetic
- By Application:
- Industrial
- Automotive
- Agriculture
- 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 Plant-based 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Plant-based hydraulic oil is a type of biofuel that is made from plant oils. It is similar to traditional petroleum-based hydraulic oil, but it is made from plants instead of fossil fuels. Plant-based hydraulic oil can be used in engines and other machinery to power them, just like traditional petroleum-based hydraulic oil.
Some of the major players in the plant-based hydraulic oil market are Renewable Lubricants Inc., Caltex, Lubriplate Lubricants Co., Hydro Safe Oil, Schaeffer Oil, China Petroleum Engineering Corporation, Tianjin Diheng Bioenergy Co., Ltd., Hebi Tairunda Biological Grease Co., Ltd., Anhui Qiayu Biological Technology Co., Ltd., FUCHS PETROLUB AG, Wanxin Industrial Co., Ltd., Xi'an Petroleum Dajiarun Industrial Co., Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-based 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 Plant-based Hydraulic Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant-based 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 Plant-based 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 Plant-based Hydraulic Oil Market Size & Forecast, 2018-2028
4.5.1 Plant-based Hydraulic Oil Market Size and Y-o-Y Growth
4.5.2 Plant-based Hydraulic Oil Market Absolute $ Opportunity
Chapter 5 Global Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Type
5.2.1 Natural
5.2.2 Synthetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Automotive
6.2.3 Agriculture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-based 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 Plant-based 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 Plant-based Hydraulic Oil Analysis and Forecast
9.1 Introduction
9.2 North America Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Type
9.6.1 Natural
9.6.2 Synthetic
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 Plant-based Hydraulic Oil Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Automotive
9.10.3 Agriculture
9.10.4 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 Plant-based Hydraulic Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Type
10.6.1 Natural
10.6.2 Synthetic
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 Plant-based Hydraulic Oil Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Automotive
10.10.3 Agriculture
10.10.4 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 Plant-based Hydraulic Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Type
11.6.1 Natural
11.6.2 Synthetic
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 Plant-based Hydraulic Oil Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Automotive
11.10.3 Agriculture
11.10.4 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 Plant-based Hydraulic Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-based 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 Plant-based Hydraulic Oil Market Size Forecast by Type
12.6.1 Natural
12.6.2 Synthetic
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 Plant-based Hydraulic Oil Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Automotive
12.10.3 Agriculture
12.10.4 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) Plant-based Hydraulic Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-based 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) Plant-based Hydraulic Oil Market Size Forecast by Type
13.6.1 Natural
13.6.2 Synthetic
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) Plant-based Hydraulic Oil Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Automotive
13.10.3 Agriculture
13.10.4 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 Plant-based Hydraulic Oil Market: Competitive Dashboard
14.2 Global Plant-based Hydraulic Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Renewable Lubricants Inc.
14.3.2 Caltex
14.3.3 Lubriplate Lubricants Co.
14.3.4 Hydro Safe Oil
14.3.5 Schaeffer Oil
14.3.6 China Petroleum Engineering Corporation
14.3.7 Tianjin Diheng Bioenergy Co., Ltd.
14.3.8 Hebi Tairunda Biological Grease Co., Ltd.
14.3.9 Anhui Qiayu Biological Technology Co., Ltd.
14.3.10 FUCHS PETROLUB AG
14.3.11 Wanxin Industrial Co., Ltd.
14.3.12 Xi'an Petroleum Dajiarun Industrial Co., Ltd.
