Hydraulic Oil Market Set to Make Rapid Strides in 2019-2026
                     Hydraulic Oil Market Set to Make Rapid Strides in 
2019-2026
Hydraulic Oil Market By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil and Bio-
based Oil), Type (Paraffinic Oils, Naphthenic Oils, Aromatic Oils and Veg and Bio Oils), 
Application (OEM, Mining Equipment, Construction Equipment, Transportation, Oil & 
Gas, Metal Production, Food & Beverage and Others) and Geography (North America, 
South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and 
Forecast to 2026
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Report Description
Global hydraulic oil market is expected to rise to an estimated value of USD 24.49 billion 
by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high 
growth of this market is due to the high industrial growth
Hydraulic oil is a fluid which is used for transmitting power in hydraulic systems. The fluid 
has the low pour point, helps in protecting from rust and oxidation. These hydraulic 
fluids help the hydraulic system to function in harsh environmental conditions by 
preventing corrosion. These oils have wide applications in the field of hydraulic elevator, 
hydraulic brake system, hydraulic ram, shock absorber, crane and hydraulic press.  
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Major Key Players
Some of the major players operating in this market are : 
• Royal Dutch Shell Plc
• Exxon Mobil Corporation, BP p.l.c
• Chevron Corporation
• Total
• PetroChina Company Limited
• LUKOIL Marine Lubricants DMCC
• Indian Oil Corporation Ltd
• Valvoline LLC
• Idemitsu Kosan Co.,Ltd
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Market Segmentation
• By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil and Bio-based 
Oil)
• By Type (Paraffinic Oils, Naphthenic Oils, Aromatic Oils and Veg and Bio 
Oils)
• By Application (OEM, Mining Equipment, Construction Equipment, 
Transportation, Oil & Gas, Metal Production, Food & Beverage and Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
      North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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