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Hydraulic Oil in the US Procurement Price, Data and Insights
Hydraulic oil is a type of lubricant, but it is also a power transfer device used in hydraulic machinery, such as brakes, steering columns, lifts, tools, and transmissions. Hydraulic oil is either synthetic (water-based) or mineral-oil based. Common suppliers are petroleum refiners and industrial equipment wholesalers and retailers, while key buyers include operators in the automotive and manufacturing industries. This report does not include motor oil, automotive greases or other petroleum products.
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What’s included in this market coverage
IBISWorld's research coverage on the Hydraulic Oil procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Hydraulic Oil market in the United States includes Synthetic Hydraulic Oil and Mineral-oil Based Hydraulic Oil. Standard coding in this coverage includes HS-381900-Hydraulic Fluids; For Brakes And Other Prepared Liquids For Hydraulic Transmission, Not Containing Or Containing Less Than 70% By Weight Of Petroleum Oils Or Oils Obtained From Bituminous Minerals, ISIC-192-Manufacture of refined petroleum products, NACE-19.20-Manufacture Of Refined Petroleum Products, NAICS-324190-Other petroleum and coal product manufacturing and UNSPSC-15121504-Hydraulic oil.
What common market terminology is included?
Common market terminology included in the Hydraulic Oil procurement coverage includes Polyalphaolefins (A base stock synthesized from ethylene. Polyalphaolefins have many favorable properties that make them popular for a variety of industrial applications.), Viscosity (A measure of a fluid's flow resistance. Highly viscous liquids are thicker and run slower than less viscous liquids.), Phosphate ester (A type of organic compound that is commonly used in lubricant additives.), Organization of Petroleum Exporting Countries (OPEC) (An intergovernmental organization of 13 largest countries that have access to crude oil.) and Base Stock (The base liquid from which hydraulic fluids are built upon. Most hydraulic fluids use mineral oil as a base stock.).
What companies are included as top suppliers?
The top companies covered in the Hydraulic Oil procurement report as suppliers are Valero Energy Corp, Marathon Petroleum Corp., Phillips 66 Co, Chevron Corp and TotalEnergies SE.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Hydraulic Oil market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per 55-gallon drum, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Hydraulic Oil market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Hydraulic Oil procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Hydraulic Oil market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Hydraulic Oil market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Hydraulic Oil?
The 2026 benchmark market price for Hydraulic Oil is $1900 per 55-gallon drum. Prices have declined at a CAGR of -1.53 from 2023-26.
Who are the top vendors in the Hydraulic Oil market?
The top vendors in the Hydraulic Oil market include Valero Energy Corp, Marathon Petroleum Corp., Phillips 66 Co, Chevron Corp and TotalEnergies SE.
What industries supply the Hydraulic Oil market?
The top industries supplying the Hydraulic Oil market are Oil & Gas Field Services in the US, Petroleum Refining in the US, Oil Pipeline Transportation in the US, Metal Pipe & Tube Manufacturing in the US, Inorganic Chemical Manufacturing in the US, Chemical Product Manufacturing in the US and Lubricant Oil Manufacturing in the US.
What is the supply chain risk for Hydraulic Oil?
Financially stable suppliers enable reliable long-term partnerships and minimize disruption risk . Large, multinational hydraulic oil suppliers, including BP, ExxonMobil, Shell, and Valvoline, generally operate with low financial risk due to extensive asset bases and global operations. This financial resilience lowers the risk of supply interruptions and supports stable relationships for buyers. Procurement teams can prioritize these established vendors, negotiate multi-year supply agreements, and focus on optimizing value-added service terms instead of contingency planning for vendor insolvency.
What factors affect the price of Hydraulic Oil?
Synthetic hydraulic oils, known for superior performance and longer life, tend to be more expensive due to complex manufacturing processes. Mineral oils are generally cheaper but may require more frequent changes and offer less thermal stability.
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