Transmission & Hydraulic Fluids Market - Forecast 2021 - 2026
Transmission & Hydraulic Fluids Market Overview Transmission & Hydraulic Fluids Market size is expected to be valued at US$10.6 billion by the end of the year 2026 and the transmission & hydraulic fluids industry is set to grow at a CAGR of 4.7% during the forecast period from 2021-2026. Transmission & hydraulic fluids are used for transmitting power in hydraulic equipment and in other power transmission applications. Various types of transmission fluids such as polyalkylene glycols and glycol ether is used in many applications such as brake fluids, metal-on metal applications for thermal stability and power transmission. Automatic transmission fluid and manual transmission fluid are the main categories of transmission fluid which is used in automotive engines and machineries used in construction sector. Other chemical substance such as organophosphate, isoflurophate and others are used as performance additives to engine oils. This is hugely driving the transmission ...