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Hydraulic Fluid Market to Hit $11.91B by 2034 as Asia Pacific Leads

Hydraulic Fluid Market to Hit $11.91B by 2034 as Asia Pacific Leads

Pune, India – October 02, 2026 -- The global hydraulic fluid market is set to grow from $9.13 billion in 2025 to $11.91 billion by 2034, a 3% compound annual growth rate, as construction, mining, and industrial operators shift toward biodegradable and fire-resistant formulations, according to a new analysis from Maximize Market Research.

Bio-based oils capture 36% of the base oil segment in 2025

Stricter environmental regulations and demand for equipment-friendly performance pushed bio-based oil to the leading share of the base oil category, ahead of synthetic and mineral oil alternatives still favored for high-stress applications.

Elastomers Market to Hit $149.19B by 2034 as Asia Pacific Leads Growth

Elastomers Market to Hit $149.19B by 2034 as Asia Pacific Leads Growth

Pune, India – October 01, 2026 -- The global elastomers market is projected to grow from $104.73 billion in 2025 to $149.19 billion by 2034, a compound annual growth rate of 4.01% through the forecast period, according to Maximize Market Research.

BASF starts commercial TPU production in Shanghai to serve China's EV and robotics demand

In April 2026, BASF began commercial production of its Elastollan flame-retardant thermoplastic polyurethane (TPU) grade in Shanghai, expanding local supply for robotics, industrial automation and EV charging cable applications. The move strengthens China's position as a major hub for specialty elastomer production and consumption.