TotalEnergies launched a range of recycled hydraulic fluids for industrial use. They are suitable for all types of industrial hydraulic systems.
BASF SE announced the opening of a new production plant for fuel performance additives in Shanghai, China. The plant aims to address the surging demand for fuel performance additives for customers in Asia.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4889
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing automobile manufacturing and the rising demand for heavy equipment are the major factors driving the growth of the market.
The market size of Hydraulic Fluids is anticipated to attain a CAGR of 6.10% over the forecast period, i.e., 2023-2035.
The major players in the market are Exxon Mobil Corporation, Chevron Corporation, BP plc., TotalEnergies, PetroChina Company Limited, China Petrochemical Corporation (SINOPEC), BASF SE, Valvoline.
The construction segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.