Global Fire Resistant Hydraulic Fluid Market - Advanced technologies, Forecast and Winning Imperatives, 2017 - 2025

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Global Fire Resistant Hydraulic Fluid Market

Often hydraulic industrial equipment, systems, and machinery come in close proximity to very high temperatures, if not direct flames and sparks. At other times, hydraulic systems themselves generate high thermal energy and elevate the ambient working temperature. These fire hazards are seen near casting, forging, smelting, foundries, brick manufacturing facilities, welding robots in automated factories, oil platforms, chemical plants, and even in forest firefighting equipment. Such inhospitable working conditions may lead to disasters if conventional hydrocarbon based hydraulic fluids are used as they are prone to catching fire. In such conditions, design engineers need to use fire resistant hydraulic fluids. These fluids are formulated in a way that render them difficult to ignite and they can also avoid the propagation of flames, if ignited.

Rising concern about safety of men and machines in factories and manufacturing facilities is driving the demand for fire-resistant hydraulic fluids. These fluids help in safeguarding the equipment and avoiding breakdown of due to overheating of fluids and equipment. Another area of application where fire resistant hydraulic fluids are in high demand is the aviation and aerospace industry.

Aircrafts are complex systems and are highly dependent on hydraulic systems for vital functions such as maneuvering and landing. Owing to safety concerns, almost every material and fluid used in an aircraft is therefore fire-resistant, if not fireproof. Besides aviation, the other fields where fire hazard possibilities are critical are mining, especially underground mining; offshore marine operations; and firefighting. All these segments, for their safety quotient, are giving rise to the demand for fire-resistant hydraulic fluids.

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Based on type, the fire resistant hydraulic fluids market can be segregated into water-based and anhydrous. Water-based fire resistant hydraulic fluid is further classified into oil-in-water emulsions (ISO HFA); water-in-oil (ISO HFB), i.e. invert emulsion; and water polymer solution (ISO HFC). Anhydrous fire resistant hydraulic fluids are sub-divided into phosphate esters (ISO HFDR) and PAG and/or Polyol esters (ISO HDFU). Based on application, the fire resistant hydraulic fluid market is segmented into foundry and smelting (metal making), aviation, marine, mining, and others. Different grades/types of these fluids are used depending upon the application.

Based on geography, the global fire resistant hydraulic fluid market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major markets for fire resistant hydraulic fluids, led by safety concerns in industries such as mining, steel production, marine, and chemical exiting in these regions. Asia Pacific is another prominent market for the fire resistant hydraulic fluids, owing to the presence of large number of steel mills, foundries, slag management, casting and forging, and machining plants operating in this region. Developed nations such as Germany, the U.S., Japan, France, and the U.K. also possess a significant demand for fire resistant hydraulic fluids. Furthermore, demand for fire resistant hydraulic fluids in industries such as mining, marine, manufacturing, chemical, and aviation has been rising at a rapid pace in developing countries such as China, India, Brazil, South Africa, and those in Southeast Asia.

Major players operating in the global fire resistant hydraulic fluid market include Exxon Mobil Corporation Quaker Chemical Corporation, The Dow Chemical Company, Southwestern Petroleum Corporation, BASF SE, Royal Dutch Shell, and Castrol. These companies hold a significant share of the market. Thus, the fire resistant hydraulic fluid market experiences intense competition.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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