Hydraulic Fluid Market Trends, High CAGR, Industry Size, New Innovations, Future Scope and Forecast 2029
Hydraulic fluid is gaining immense popularity owing to its superior properties such as long life, good performance and better stability at high temperature as compared to ordinary turbine oil. Hydraulic fluid is being widely used in a wide range of applications across various industries including chemical manufacturing, oil and gas, and automotive, among others.
Global Hydraulic Fluids Market was valued at USD 8.07 billion in 2021 and is expected to reach USD 10.59 billion by 2029, registering a CAGR of 3.45% during the forecast period of 2022-2029.