The Hydraulic Fluid Market is projected to grow from USD 19.42 Billion in 2017 to USD 22.07 Billion by 2022, at a CAGR of 2.59% between 2017 and 2022. Contracts & agreements, new product launches, and expansions are the strategies adopted by key players to strengthen their position in the hydraulic fluid market. The maximum number of strategic developments took place in North America and APAC between January 2013 and December 2017.
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Browse 118 tables and 47 figures spread through 167 pages and in-depth TOC on "Hydraulic Fluid Market"
Drivers & Opportunities in global industry:
The Royal Dutch Shell is a leading hydraulic fluid manufacturer globally. Shell is a vertically integrated company active in both, upstream and downstream activities in the oil & gas industry. It offers hydraulic fluid that is mainly used in the OEM, mining & construction equipment, marine, and other applications. In November 2017, the company launched a new lubricant production plant at Tuas, Singapore. The new facility has a production capacity of up to 430 million liters of lubricants, including hydraulic fluid and grease per annum. This has helped the company to meet the increasing hydraulic fluid demand from the APAC region.
ExxonMobil is another leading manufacturer of hydraulic fluid. The company offers hydraulic fluid for marine, aviation, mining equipment, steel, and other industrial applications. It focuses on new product launches to strengthen its market presence. For example, in September 2017, the company launched environmentally acceptable hydraulic oil called Mobil SHC Hydraulic EAL. This is a biodegradable synthetic hydraulic fluid, which is used in offshore oil & gas applications.
LUKOIL is one of the largest hydraulic fluid manufacturers in Russia. The company has a strong presence in the Russia hydraulic fluid market. The company produces multigrade hydraulic fluids suitable for varying temperature and load conditions in mobile and industrial hydraulic systems. In June 2017, the company signed a supply agreement with Velmash-S plant, a subsidiary of the Palfinger Group (Austria). Under this agreement, Lukoil will supply LUKOIL GEYSER UNIVERSAL hydraulic oil for cranes and handlers manufactured at the Velikiye Luki-based plant. This is expected to help the company gain a strong foothold in the European hydraulic fluid market.
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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
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Mr. Shelly Singh
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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Download PDF brochure of report for more industry
insights: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71021039
Browse 118 tables and 47 figures spread through 167 pages and in-depth TOC on "Hydraulic Fluid Market"
Drivers & Opportunities in global industry:
- Massive Industrial Growth in APAC and the Middle East & Africa
- Improved Quality of Hydraulic Fluids
- Growing Automotive Industry in APAC
- Increasing Demand From Marine Application
- Availability of Semi-Synthetic Hydraulic Fluid
- Availability of Zinc-Free (Ashless) Hydraulic Fluid
The Royal Dutch Shell is a leading hydraulic fluid manufacturer globally. Shell is a vertically integrated company active in both, upstream and downstream activities in the oil & gas industry. It offers hydraulic fluid that is mainly used in the OEM, mining & construction equipment, marine, and other applications. In November 2017, the company launched a new lubricant production plant at Tuas, Singapore. The new facility has a production capacity of up to 430 million liters of lubricants, including hydraulic fluid and grease per annum. This has helped the company to meet the increasing hydraulic fluid demand from the APAC region.
ExxonMobil is another leading manufacturer of hydraulic fluid. The company offers hydraulic fluid for marine, aviation, mining equipment, steel, and other industrial applications. It focuses on new product launches to strengthen its market presence. For example, in September 2017, the company launched environmentally acceptable hydraulic oil called Mobil SHC Hydraulic EAL. This is a biodegradable synthetic hydraulic fluid, which is used in offshore oil & gas applications.
LUKOIL is one of the largest hydraulic fluid manufacturers in Russia. The company has a strong presence in the Russia hydraulic fluid market. The company produces multigrade hydraulic fluids suitable for varying temperature and load conditions in mobile and industrial hydraulic systems. In June 2017, the company signed a supply agreement with Velmash-S plant, a subsidiary of the Palfinger Group (Austria). Under this agreement, Lukoil will supply LUKOIL GEYSER UNIVERSAL hydraulic oil for cranes and handlers manufactured at the Velikiye Luki-based plant. This is expected to help the company gain a strong foothold in the European hydraulic fluid market.
Early buyers will receive 10% customization on this report.
Don't miss out on business opportunities in Hydraulic Fluid Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=71021039
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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