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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, 2018–2026
Automotive Brake Fluid Market - Global Industry
Insights, Trends, Size, Opportunity Analysis,
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.
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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).
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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apeksha motghare
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