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Automotive Brake Fluid Market

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Automotive Brake Fluid Market report segments global market by fluid type, and product type - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2025
Automotive Brake Fluid Market - Global
Industry Insights, Trends, 2018–2026
Automotive brake fluid, also known as hydraulic fluid, is a non-compressible substance
used in hydraulic clutch and hydraulic brake applications in motorcycles, light trucks,
automobiles, and bicycles, among other applications. Automotive brake fluid is used to
transfer force and apply pressure on brakes and increase the brake force. This fluid is
thus, essential for the smooth functioning of breaks in vehicles, operating under high
pressure and temperature. Automotive brake fluid is composed of various types of
glycols with low freezing point and designed not to damage rubber components in the
braking system.
Automotive brake fluid is mainly used in automotive to lubricate and prevent corrosion of
the moving parts. Automotive brake fluids are renewed or changed every 1 to 2 years
and monthly in racing automotive to improve the safety and durability of the vehicle,
which creates a major market for automotive brake fluid across the globe. Growing
number of automotive OEMs and car service providers have resulted in the growth of
technological advancement and product innovations of brake fluids by core companies
such as BASF, Castrol, Bosch, Dow Automotive Systems, and Exxon Mobil along with
others. Owing to these factors, the global automotive brake fluid market is expected to
increase at a significant growth rate over the forecast period (2017-2025).
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Automotive brake fluid is hydroscopic, meaning absorption of moisture is a natural
property of brake fluid due to which corrosion is accumulated, serving as a restraint for
the automotive brake fluid market. These restraints are significantly curtailed through
product innovations by market leaders. For instance, a new product by Castrol, which
consist of polyglycol type brake fluid, provides high braking performance under normal
driving conditions and is commercialized under the product name – Castrol brake fluid
dot 4.
The DOT (department of transportation) is categorized in automotive brake fluids by its
boiling point and chemical composition as DOT 1, 2, 3, 4, 5 and 5.1 respectively. Gylcol
fluids are used in 99% of vehicles and DOT 3 is majorly used due to its low content of
water, which affects the brake system and reduces corrosion. Brake pistons and
cylinders suffer from wear and tear, leading to the necessity for period change of brake
fluid, which is a major factor for the growing demand of automotive brake fluid in the
global market during the forecast period.
Automotive Brake Fluid Market Outlook – Asia Pacific to provide major growth
prospects throughout the forecast period
In Asia Pacific, India and China is expected to fuel the growth of the automotive brake
fluid market at an increasing rate due to its regional demand and establishment of
companies such as S-CCI India Private Limited, Napson Lubricants Private Limited and
Unicorn Petroleum Industries Private Limited, and Starol Petroleum Limited. In new
developments, BASF established an automotive brake fluid manufacturing plant in
Pudong, Shanghai due to rise in demand by the domestic population. Owing to these
factors, the automotive brake fluid market is estimated to grow at a significant rate in
Asia Pacific during the forecast period.
Establishment of numerous workshops, retailers and service centers are the major
factors to drive the global automotive brake fluid industry in the forecast period. In
recent developments, TRW aftermarket brake fluids has developed an advanced DOT 3
brake fluid, which is utilized in advanced braking systems that include electronic stability
programmers (ESP). In such systems, the brake fluid needs to react quickly, maximize
the performance of the vehicle, and prevent skidding. New brake fluids are installed in
every new vehicle prior to sale, which is also estimated as a major growth factor for the
automotive brake fluid market during the forecast period.
Some of the key participating players in the automotive brake fluid market include
Beijing Haidian Huiyuan Synthetic Agents, Bosch, Copton, Beijing Haidian Huiyuan
Synthetic Agents, Cnpc, Castrol (BP), Caltex, Exxon Mobil, Delian Group, Fuchs, Jilin
Hairun, Irico Group, Original, Laike, Shenzhen Pingchi Industry Co, Shell, Sinopec,
Total, Teec, Zhuhai Gaida Shiye, and Tianjin Xuqi Gongmao along with others.
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