Automotive Brake Fluid MarketSize and Trends

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 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.

Market Trends

The automotive brake fluid market is witnessing numerous developments such as the introduction of new brake fluid variants engineered for high performance under extreme conditions. For example, Castrol has introduced a new variety of polyglycol brake fluid aimed at offering superior braking performance. Another trend is the increasing focus on safety and durability, leading to enhanced product innovations and technological advancements by leading companies.