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Automotive Brake Fluid Market

Automotive Brake Fluid Market

Automotive Brake Fluid Market Global Industry Assessment & Forecast

# Pages:

136

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0577

Segments Covered
  • By Type DOT 3 Glycol, DOT 4 Glycol, DOT 5 Silicon, DOT 5.1 Glycol
  • By Sales Channel OEM, Aftermarket
  • By Vehicle Type Passenger Cars, Commercial Vehicles
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 20.32 Billion
Revenue 2028Revenue 2028: 32.88 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.21%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Automotive Brake Fluid market was valued at USD 20.32 Billion in 2020 and is projected to reach USD 32.88 Billion by 2028, growing at a CAGR of 6.21%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 32.88 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 6.21%%

Overview and Description

Automotive brake fluids are used in the brake and clutch systems of vehicles. They transfer the pressure applied on the master brake cylinder through the brake pedal to the wheel brake cylinders. Brake fluids used in hydraulically operated clutches transmit the pressure applied on the master cylinder to the slave cylinder of the clutch system. Viscosity is an essential parameter for the safety of a road vehicle as it directly influences the operation and behaviour of the brake system and/or the clutch.


The global Automotive Brake Fluid market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 20.32 Billion 32.88 Billion

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Insights

The rising vehicle sale and manufacturing across the globe is anticipated to augment the growth of the automotive brake fluids market during the forecast period. This is owing to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and hence its production by the manufacturers as well which in turn is expected to support the growth of the automotive brake fluids market in the forecast period. 

The increasing awareness about the safety is anticipated to augment the growth of the automotive brake fluids market over the forecast period. This is attributable to the increasing number of accidents across the globe. Additionally, implementation of strict standards and regulations on automotive market regarding safety by government is also projected to support the growth of the global automotive brake fluids market during the forecast period. Furthermore, the increasing demand for automotive electronic braking system which is used for safety is also supporting the growth of the market. 

The corrosion of the components may hamper the growth of the automotive brake fluids market in the years to come. Due to the hydroscopic properties, brake fluids absorb moisture and this result in corrosion of the components and parts that come in contact with these fluids. However, major manufacturers are focussing to work on solutions to overcome this drawback.

Global Automotive Brake Fluid Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Sales Channel, Vehicle Type
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Shell Tongyi, Valvoline, Laike, Caltex, Morris, Sinopec Lubricant, Total, BP, Castrol, Millersoil, Granville, Motul, BASF, Huntsman, CNPC, Lanka IOC, Fuchs, TEEC, Petrochemcarless, CCI, Pentosin, Dow Automotive Systems, HKS, Repsol, Gulf, Bendix, Cosan, Tosol-Sintez, Voltronic, Datexenergy.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Global Automotive Brake Fluid Market: Type Segment Analysis

    • DOT 3 Glycol
    • DOT 4 Glycol
    • DOT 5 Silicon
    • DOT 5.1 Glycol

Global Automotive Brake Fluid Market: Sales Channel Segment Analysis

    • OEM
    • Aftermarket

Regional Analysis: Preview

Based on region, the global Automotive Brake Fluid market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Automotive Brake Fluid market are Shell Tongyi, Valvoline, Laike, Caltex, Morris, Sinopec Lubricant, Total, BP, Castrol, Millersoil, Granville, Motul, BASF, Huntsman, CNPC, Lanka IOC, Fuchs, TEEC, Petrochemcarless, CCI, Pentosin, Dow Automotive Systems, HKS, Repsol, Gulf, Bendix, Cosan, Tosol-Sintez, Voltronic, Datexenergy.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Automotive Brake Fluid Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Key Highlights – Global Automotive Brake Fluid Market

  • Global Automotive Brake Fluid Market is projected to reach USD 32.88 Billion by 2028
  • Asia Pacific held the highest share of the Automotive Brake Fluid market
  • DOT 4 Glyco held the largest share of the product segment in the Automotive Brake Fluid market
  • Aftermarket held the major share of the application segment in the Automotive Brake Fluid market

FAQ
Frequently Asked Question
  • The global Automotive Brake Fluid valued at 20.32 Billion in 2020 and is expected to reach 32.88 Billion in 2028 growing at a CAGR of 6.21%%.

  • The prominent players in the market are Shell Tongyi, Valvoline, Laike, Caltex, Morris, Sinopec Lubricant, Total, BP, Castrol, Millersoil, Granville, Motul, BASF, Huntsman, CNPC, Lanka IOC, Fuchs, TEEC, Petrochemcarless, CCI, Pentosin, Dow Automotive Systems, HKS, Repsol, Gulf, Bendix, Cosan, Tosol-Sintez, Voltronic, Datexenergy..

  • The market is project to grow at a CAGR of 6.21%% between 2021 and 2028.

  • The driving factors of the Automotive Brake Fluid include

    • The rising vehicle sale and manufacturing across the globe is anticipated to augment the growth of the automotive brake fluids market during the forecast period. This is owing to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and hence its production by the manufacturers as well which in turn is expected to support the growth of the automotive brake fluids market in the forecast period.
    • The increasing awareness about the safety is anticipated to augment the growth of the automotive brake fluids market over the forecast period. This is attributable to the increasing number of accidents across the globe. Additionally, implementation of strict standards and regulations on automotive market regarding safety by government is also projected to support the growth of the global automotive brake fluids market during the forecast period. Furthermore, the increasing demand for automotive electronic braking system which is used for safety is also supporting the growth of the market.

  • Asia Pacific was the leading regional segment of the Automotive Brake Fluid in 2020.