2024년 세계 유압유 시장 규모는 104억 8,000만 달러에 달했습니다. 향후 IMARC Group은 이 시장이 2033년에는 175억 2,000만 달러에 달하고, 2025-2033년 5.58%의 연평균 복합 성장률(CAGR)을 나타낼 전망입니다. 현재 아시아태평양이 시장을 독점하고 있으며, 2024년시장 점유율은 36.5% 이상에 달했습니다. 아시아태평양의 유압유 시장 점유율 증가는 중국과 인도의 건설 및 광업 부문의 확대와 제조업의 강력한 성장에 기인합니다. 인프라 투자 증가, 자동화 발전, 고성능 윤활유에 대한 수요가 시장 성장을 더욱 촉진하고 있습니다.
유압유는 동력을 전달하고 기계를 제어하는 유압 시스템에 사용되는 특수한 액체입니다. 유압 기계의 효율적인 작동에 필수적이며, 부드럽고 정확한 움직임을 보장하는 동시에 윤활과 방열을 제공합니다. 펌프에서 생성된 힘을 유압 실린더와 모터에 전달하는 매개체 역할을 하며, 무거운 물체의 제어된 이동, 부품의 정밀한 위치 결정 및 다양한 메커니즘의 작동을 가능하게 합니다. 또한 실질적으로 비압축성이기 때문에 유압 시스템의 한쪽 끝에 가해진 힘은 거의 즉각적으로 다른 쪽 끝에 전달되어 장비의 정확하고 반응성이 높은 제어가 가능합니다.
현재 펌프에서 생성된 힘을 유압 실린더와 모터에 전달하는 매개체 역할을 하는 유압유에 대한 수요가 증가하고 있으며, 무거운 물체의 제어된 이동을 가능하게 함으로써 시장 성장을 가속하고 있습니다. 이와 더불어, 연료 자동차를 대체할 수 있는 지속 가능한 대안으로 전기자동차(EV)와 하이브리드 자동차의 사용이 증가하고 있는 것도 시장 성장에 기여하고 있습니다. 또한, 신흥 시장의 주요 업체들은 열 안정성 향상, 내마모성 향상, 윤활 특성 강화를 위한 유체를 지속적으로 개발하고 있습니다. 이와는 별도로 사물인터넷(IoT)과 데이터 분석에 힘입어 예지보전 기술의 채택이 증가하고 있는 것도 시장 성장을 뒷받침하고 있습니다. 또한, 유해한 배출과 탄소 발자국을 최소화하기 위해 기업들이 재생 가능 에너지원의 사용을 늘리고 있는 것도 시장 성장을 가속하고 있습니다.
환경 문제 증가와 엄격한 규제
환경 문제에 대한 관심 증가와 엄격한 규제가 유압유 시장 성장에 긍정적인 영향을 미치고 있습니다. 이와 더불어, 제조업체들은 생분해성 및 저독성 유압유 배합의 개발과 보급에 더욱 박차를 가하고 있습니다. 이러한 변화는 환경에 대한 인식이 높아지고 산업 활동이 환경에 미치는 영향을 줄이기 위해 더 엄격한 규제를 준수해야 할 필요성에 따른 것입니다. 또한, 감독 기관 및 환경 기관의 엄격한 규제 및 기준 시행으로 인해 환경 지속가능성 및 안전에 대한 특정 기준을 충족하는 유압유압 오일의 채택이 증가하고 있습니다. 기업들은 효과적인 성능뿐만 아니라 이러한 규정을 준수하는 유압유압 솔루션을 적극적으로 찾고 있습니다. 그 결과, 제조업체들은 환경 유해 물질의 배출을 최소화하는 유압유를 개발하기 위한 연구에 투자하고 있습니다.
주택 및 상업 인프라 건설 증가
현재 주거 및 상업용 인프라 건설이 증가하고 있으며, 이는 유압유압 오일의 사용을 촉진하고 있습니다. 이와 더불어, 주거 및 상업 부문의 건설 프로젝트는 유압 시스템 및 장비에 대한 지속적인 수요를 창출하고 있습니다. 이러한 시스템은 중장비, 크레인, 엘리베이터 등 다양한 건설 응용 분야에서 중요한 역할을 하고 있습니다. 또한, 높은 성능과 작동 신뢰성을 제공하는 유압유에 대한 요구는 현재 업계 내 기술 혁신을 촉진하고 있습니다. 또한, 건설 프로젝트가 고도화되고 까다로워짐에 따라 더 높은 압력, 온도 및 작동 스트레스를 견딜 수 있는 유압유에 대한 중요성이 강조되고 있습니다.
산업 자동화 동향
유압유 시장의 성장에 기여하고 있는 것은 산업 자동화 추세입니다. 이와 더불어, 제조업 및 산업 공정에서 산업 자동화 기술의 채택이 증가함에 따라 유압 시스템의 사용이 필요하게 되었습니다. 이러한 시스템은 다양한 자동 기계 및 장비의 정확한 제어와 효율적인 작동에 필수적입니다. 자동화 추세가 진행됨에 따라 이러한 시스템 내에서 윤활, 냉각 및 동력 전달을 수행하는 유압유에 대한 수요가 지속적으로 증가하고 있습니다. 또한, 자동화 공정에서 요구되는 복잡성과 정밀도는 유압유 제조업체들이 고도의 배합을 개발하도록 유도하고 있습니다. 또한, 자동화 시스템의 에너지 효율화 추진으로 인해 에너지 손실을 최소화할 수 있는 유압유의 사용이 촉진되고 있습니다.
The global hydraulic fluids market size was valued at USD 10.48 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 17.52 Billion by 2033, exhibiting a CAGR of 5.58% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.5% in 2024. The increasing hydraulic fluids market share in the Asia Pacific region is because of expanding construction and mining sectors and strong manufacturing growth in China and India. Rising infrastructure investments, increased automation, and demand for high-performance lubricants are further bolstering the market growth.
Hydraulic fluids are specialized liquids used in hydraulic systems to transmit power and control machinery. They are essential for the efficient operation of hydraulic machinery, ensuring smooth and precise movement while also providing lubrication and heat dissipation. They act as a medium for transmitting force generated by a pump to a hydraulic cylinder or motor, allowing for the controlled movement of heavy loads, precision positioning of components, and the operation of various mechanisms. They are virtually incompressible, ensuring that the force applied at one end of a hydraulic system is transmitted almost instantaneously to the other end, resulting in precise and responsive control of equipment.
At present, the increasing demand for hydraulic fluids as they act as a medium for transmitting force generated by a pump to a hydraulic cylinder or motor, allowing for the controlled movement of heavy loads, is impelling the growth of the market. Besides this, the rising use of electric vehicles (EVs) and hybrid vehicles as sustainable alternatives to fuel-run cars is contributing to the growth of the market. In addition, key market players are continually developing fluids that offer improved thermal stability, better wear protection, and enhanced lubrication properties. Apart from this, the increasing adoption of predictive maintenance techniques, driven by the Internet of Things (IoT) and data analytics, is supporting the growth of the market. Additionally, the rising utilization of renewable energy sources among businesses to minimize harmful emissions and carbon footprint is bolstering the growth of the market.
Growing environmental concerns and stringent regulations
The growing environmental concerns and stringent regulations are currently exerting a positive influence on the growth of the hydraulic fluids market. Besides this, manufacturers are increasingly developing and promoting biodegradable and less toxic hydraulic fluid formulations. This shift is in response to heightened environmental awareness and the need to comply with stricter regulations aimed at decreasing the environmental impact of industrial operations. Moreover, the implementation of stringent regulations and standards by governing bodies and environmental agencies is driving the adoption of hydraulic fluids that meet specific criteria for environmental sustainability and safety. Companies are proactively seeking out hydraulic fluid solutions that not only perform effectively but also adhere to these regulations. As a result, manufacturers are investing in research operations to formulate hydraulic fluids that minimize the release of harmful substances into the environment.
Rising construction of residential and commercial infrastructure
At present, the rising construction of residential and commercial infrastructure is propelling the utilization of hydraulic fluids. Besides this, the construction projects in the residential and commercial sectors are creating a sustained demand for hydraulic systems and equipment. These systems play a critical role in various construction applications, including heavy machinery, cranes, and elevators, among others. In addition, the need for hydraulic fluids that can deliver high performance and operational reliability is currently driving innovation within the industry. Furthermore, as construction projects become more sophisticated and demanding, there is a growing emphasis on hydraulic fluids that can withstand higher pressures, temperatures, and operational stress.
Increasing trend toward industrial automation
The increasing trend toward industrial automation is contributing to the growth of the hydraulic fluids market. Besides this, the rising adoption of industrial automation technologies in manufacturing and industrial processes is necessitating the use of hydraulic systems. These systems are vital for the precise control and efficient operation of various automated machinery and equipment. As the trend toward automation continues, there is a constant and growing demand for hydraulic fluids to lubricate, cool, and transmit power within these systems. Moreover, the complexity and precision required in automated processes are pushing hydraulic fluid manufacturers to develop advanced formulations. Furthermore, the drive towards energy efficiency in automated systems is promoting the use of hydraulic fluids that can minimize energy losses.
Mineral oil accounts for the majority of the market share
Mineral oil is a petroleum-based liquid that serves as a medium for transmitting power in hydraulic systems. It is a stable, high-viscosity fluid that is suitable for an extensive range of hydraulic applications. Mineral oil-based hydraulic fluids are extensively used in various types of hydraulic machinery, including industrial equipment, construction machinery, and agricultural machinery. They are employed to operate hydraulic cylinders, motors, and valves, providing the necessary force for lifting, pushing, and controlling movements. They are also used in automotive power steering systems and shock absorbers. They help facilitate smooth and responsive steering as well as absorb shocks and vibrations in vehicles.
An original equipment manufacturer (OEM) of hydraulic fluids refers to a company that produces hydraulic fluids or hydraulic fluid systems specifically designed and manufactured for use in various types of machinery and equipment. They manufacture hydraulic fluids which are designed to resist degradation and maintain their properties over time. This can lead to reduced maintenance requirements and lower overall operating costs for the equipment.
The aftermarket encompasses all the businesses and activities related to the maintenance, upgrade, or customization of hydraulic fluids and equipment after they have been purchased by consumers or businesses. This includes the supply of hydraulic fluids, filters, seals, hoses, and other components necessary for the maintenance, repair, and operation of hydraulic systems.
Oil and gas exhibit a clear dominance in the market
Hydraulic fluids play a crucial role in the oil and gas industry, where they are used in various applications to power and control machinery and equipment. They are integral to drilling rigs and equipment employed in oil and gas exploration and extraction. They power the various components of drilling rigs, including the draw works, mud pumps, and top drive systems, allowing for precise control and efficient drilling operations. Offshore drilling and production platforms rely on hydraulic systems to operate various machinery and equipment, including cranes, winches, and tensioning systems. Hydraulic fluids are also used to power these systems, ensuring safe and efficient offshore operations.
Asia Pacific leads the market, accounting for the largest hydraulic fluids market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest market share due to the rising investments in the construction of residential and commercial infrastructure. Besides this, the increasing adoption of hydraulic equipment in various manufacturing processes, including metalworking, plastic molding, and material handling, is contributing to the growth of the market. Moreover, the rising mechanization of agricultural practices is contributing to the market growth. Additionally, the increasing employment of hydraulic systems in mining and energy exploration activities is supporting the market growth in the region.
North America is estimated to expand further in this domain due to the increasing energy demands in industrial and commercial sectors. Moreover, the rising purchase of passenger cars to commute comfortably is bolstering the growth of the market.
Key market players are investing in research operations to create innovative items that offer better performance, longer service life, and improved environmental sustainability by developing bio-based and synthetic hydraulic fluids with superior properties. They are also focusing on developing hydraulic fluids that are more environmentally friendly and compliant with environmental regulations. Top companies are exploring new geographic markets and expanding their global reach to tap into emerging economies and regions with growing industrial sectors. They are also offering customized solutions to cater to the specific needs of different industries and applications. Leading companies are optimizing their supply chains to ensure a consistent and reliable supply of hydraulic fluids by streamlining logistics, adopting just-in-time inventory management, and ensuring a robust supplier network.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include: