Food-grade Palm-based Hydraulic Oil
Hydraulic machinery is an integral part of daily operations, spanning various industries including aviation, construction, automotive, trucking, industrial manufacturing, merchant shipping, and marine cargo handling. In these systems, hydraulic oil functions as a power transmission medium, enabling the movement, control, and operation of various components. According to a market report, the global hydraulic oil market volume was estimated at 1.76 million tonnes in 2025 and is expected to reach 2.18 million tonnes by 2030, growing at a CAGR of 4.37% during the forecast period (2025-2030) (Mordor Intelligence, 2024). In terms of market size, another market study reported that the global hydraulic oils market was valued at USD8.7 billion in 2024 and is projected to reach USD10.2 billion by 2029, growing at 3.2% CAGR from 2024 to 2029 (MarketsandMarkets, 2024). The key drivers of growth in the hydraulic fluids market are the rising demand for hygienically processed food, the rising need for hydraulic fluids from construction, mining, agricultural and marine sectors, and the growing adoption of automation in industries.
Main researcher: Dr. Hoong Seng Soi
E-mail: sengsoi@mpob.gov.my