AUTOMOTIVE BRAKE FLUID MARKET ANALYSIS

Market Challenges And Opportunities

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.