Automotive Brake Fluid market Size Forecast to Reach USD 943 million by 2026

The global automotive brake fluid market was valued at USD 800 million in 2019 and is estimated to reach USD 943 million by 2026, expanding at a CAGR of 2% during the forecast period, 2020 – 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.

A detailed report on Global Automotive Brake Fluid  Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.

Top Key Players in Automotive Brake Fluid  market: 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.

Regional Analysis For Automotive Brake Fluid  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Automotive Brake Fluid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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.

Key Developments:

• The company is focused on adopting strategies such as new product launches in order to enhance its product portfolio. For instance, in July 2019, Brakes India, one of the leading brake & brake fluids manufacturer, had launched a new brake fluid specially formulated for ABS equipped vehicles. This new fluid has features such as low viscosity, higher boiling point, and also meets FMVSS 116, SAE J1704, and IS 8654 specifications.

• Moreover, in April 2018, Q8Oils, a part of Kuwait Petroleum Corporation (KPC), launched two new Brake Fluids – Q8 Brake Fluid DOT 4+ and Q8 Brake Fluid DOT 4 LV. The Q8 Brake Fluid DOT 4+ offered a higher wet and dry boiling point and can be used where a non-petroleum type fluid is essential. While the Q8 Brake Fluid DOT 4 LV was particularly developed for Dynamic Stability Control (DSC) and Electronic ESP (Electronic Stability Program) systems using Glycol Ether based Brake Fluids.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

The global automotive brake fluid market was valued at USD 800 million in 2019 and is estimated to reach USD 943 million by 2026, expanding at a CAGR of 2% during the forecast period, 2020 – 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.

A detailed report on Global Automotive Brake Fluid  Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.

Top Key Players in Automotive Brake Fluid  market: 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.

Regional Analysis For Automotive Brake Fluid  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Automotive Brake Fluid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

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.

Key Developments:

• The company is focused on adopting strategies such as new product launches in order to enhance its product portfolio. For instance, in July 2019, Brakes India, one of the leading brake & brake fluids manufacturer, had launched a new brake fluid specially formulated for ABS equipped vehicles. This new fluid has features such as low viscosity, higher boiling point, and also meets FMVSS 116, SAE J1704, and IS 8654 specifications.

• Moreover, in April 2018, Q8Oils, a part of Kuwait Petroleum Corporation (KPC), launched two new Brake Fluids – Q8 Brake Fluid DOT 4+ and Q8 Brake Fluid DOT 4 LV. The Q8 Brake Fluid DOT 4+ offered a higher wet and dry boiling point and can be used where a non-petroleum type fluid is essential. While the Q8 Brake Fluid DOT 4 LV was particularly developed for Dynamic Stability Control (DSC) and Electronic ESP (Electronic Stability Program) systems using Glycol Ether based Brake Fluids.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com