Water Glycol Hydraulic Fluids Market to Expand with Significant CAGR During 2025
Hydraulic
fluids primarily lubricate pumps and motors within the hydraulic
system without impairing the function of other components. Hydraulic
equipment uses hydraulic fluids and in case of oil leakage,
especially if the fluid used is mineral oil comes into contact with
heat source it may pose a great risk of a fire hazard. Fire resistant
hydraulic fluids were developed to mitigate this risk. These fluids
are widely used in various industrial equipment & machineries. As
per the ISO classification, fire resistant hydraulic fluids are
classified as HFA Type - Oil in Water Emulsions, HFB Type – Water
in Oil Emulsions, HFC Type - Water Glycol Fluids, and HFD Type -
Anhydrous Synthetic Fluids. Of these, water glycol hydraulic fluids
are commonly used fire resistant hydraulic fluids. The appropriate
fire resistant hydraulic fluid should be selected by working closely
with the fluid manufacturer for analyzing the system operation and
matching the equipment needs with fluid capabilities.
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Report Overview @
Water
glycol fluids offer an optimum combination of fire resistance and
performance & cost economics. Water glycol fluids are widely used
fire-resistant fluids because of the way they combine fire-resistant
properties with lubrication performance to provide excellent value.
Water glycol fluids (HFC) are made up 35% to 40% of water to provide
resistance to fire; glycol, and water soluble thickener to improve
viscosity. Water glycol fluids also contain additives to prevent
foaming, rust, and corrosion; and improve lubrication. Additives are
performance enhancing chemicals. They include corrosion inhibitors
for vapor as well as liquid phase, viscosity index modifiers,
anti-wear additives for lubrication, and metal passivators for
copper, brass and bronze. These additives usually account for 10% to
15% of total fluid composition. Unlike mineral oils, water glycols do
not degrade by heat or metal in the system that acts as catalysts.
Thus, these fluids offer virtually an indefinite life with little
maintenance.
Based
on region, the global water glycol hydraulic fluids market can be
segmented into North America, Latin America, Asia Pacific, Europe,
and Middle East & Africa. Asia Pacific is the dominating region
of the global water glycol hydraulic fluids market, led by the
presence of large number of steel mills, foundries, slag management,
casting and forging, and machining plants. The region is followed by
Europe. Demand for water glycol hydraulic fluids in China has been
rising at a fast pace since the last decade. Production and demand
for water glycol hydraulic fluids is expected to continue to increase
in the country in the near future. The economy of China has been
expanding at a rapid pace due to the increase in industrial output,
imports & exports, consumer consumption, and capital investment.
North America is among the major regions of the market owing to the
high per-capita consumption of lubricants. The market in Middle East
& Africa is also estimated to expand significantly during the
forecast period owing to the growth in the industrial sector.
Demand
for water glycol hydraulic fluids is primarily driven by the rise in
safety concerns in industries such as mining, steel production,
marine, and chemical. Based on application, the water glycol
hydraulic fluids and process oil market can be segmented into
automotive, industrial machinery, marine, power generation, chemical,
and others. On account of increase in industrial output and rapid
industrialization particularly in the emerging economies the
industrial machinery application segment dominated the market for
water glycol hydraulic fluids in 2016.
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Key
companies operating in water glycol hydraulic fluids market are Royal
Dutch Shell Plc., IOCL, Castrol Limited, Exxon Mobil Corp., British
Petroleum Plc., and LUKOIL Lubricants Company.
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