Chemicals and Materials Hydraulic Fluid Market New | Página 2

The OEM application segment is expected to lead the Hydraulic Fluid Market during
the forecast period.
OEM was the largest application segment of the Hydraulic Fluid Market in 2016. This
dominance is projected to continue till 2022. In OEM application, the usage of heavy load
equipment is very high. The manufacturing of automotive & aerospace parts and
shipbuilding requires frequent replacement of hydraulic fluid for better performance. The
demand for hydraulic fluid in the OEM application is driven by the increased demand for
vehicles in the APAC and Europeregions.
APAC is expected to be the largest market for hydraulic fluid during the forecast
period.
The Hydraulic Fluid Market has been studied in five regions, namely, APAC, North
America, Europe, the Middle East & Africa, and South America. APAC is projected to be the
largest Hydraulic Fluid Market during the forecast period due to massive industrial growth
in emerging countries, such as China, India, and South Korea. Increasing manufacturing
activities and trade in the region is also expected to drive the Hydraulic Fluid Market in
APAC.
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Some of the key players in the hydraulic fluid market include Royal Dutch Shell
(Netherlands), ExxonMobile (US), BP (UK), Chevron Corporation (US), Total (France),
PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and
Idemitsu Kosan (Japan).
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