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Global Automotive Brake Fluid Market by Product (Castor Oil-Based, Glycol-Based, Silicone-Based), Component (Non-petroleum, Petroleum), End-user, Distribution - Forecast 2023-2030

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    Report

  • 183 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5317890
UP TO OFF until Dec 31st 2024
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The Automotive Brake Fluid Market size was estimated at USD 2.42 billion in 2022, USD 2.57 billion in 2023, and is expected to grow at a CAGR of 6.68% to reach USD 4.07 billion by 2030.

Automotive brake fluids are a crucial component in the braking system of vehicles. Their primary role is to act as a medium that transmits the force exerted by a driver's foot on the brake pedal to the wheel brakes. This transmission of force is vital for slowing down or stopping a vehicle. Automotive brake fluids are designed to protect the metals used inside components such as calipers, wheel cylinders, master cylinders, and anti-lock braking systems (ABS) control valves. The fluid must also protect against corrosion as moisture often enters the automotive system. Strict regulations around vehicle safety standards compel manufacturers to adopt brake fluids to meet specific vehicle performance criteria. Additionally, the increasing global vehicle production and rising disposable incomes among middle-class households contribute to increased ownership of automobiles, necessitating a steady adoption and demand for automotive brake fluids. However, the presence of counterfeit and low-quality brake fluids in the market can undermine consumer trust, affecting overall market integrity. Additionally, certain technical and performance limitations of automotive brake fluids raise concerns about the reliability and safety of the fluids. However, key players are investing in research initiatives directed toward the formulation of new brake fluids associated with enhanced characteristics, such as boiling points, corrosion inhibition, and compatibility with varied materials used in braking systems. Additionally, the development and introduction of synthetic and environment-friendly brake fluids provide significant opportunities due to an increased focus on sustainable automotive products.

Regional Insights

The Americas region, particularly the US and Canada, is characterized by the presence of a robust automotive industry, and several households in this region own vehicles such as motorcycles and automobiles, driving the need for automotive brake fluids. Additionally, the stringent safety regulations and high consumer awareness about vehicle maintenance in this region are key drivers for the industry's growth. In the EU, environmental concerns and stringent regulations such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) influence the automotive brake fluid market. There is a shift towards eco-friendly and less toxic brake fluids. High-performance vehicles and luxury cars in this region demand top-tier brake fluids. The burgeoning preference for electric and hybrid vehicles, which require specialized brake fluids, plays a significant role in driving customer dynamics. The APAC region showcases significant growth in the automotive sector, with China, Japan, and India being the principal markets for brake fluids. China's vast automotive industry emphasizes the development of high-performance vehicles, leading to increased demand for advanced brake fluids. Additionally, the growth of disposable incomes among middle-class households has led to increased vehicle ownership, which commands the need for driver safety and vehicular maintenance solutions such as automotive brake fluids.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Brake Fluid Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Brake Fluid Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Brake Fluid Market, highlighting leading vendors and their innovative profiles. These include Advics Sales CO.,LTD., AutoChemie Bitterfeld GmbH, BASF SE, BP p.l.c., Castrol Limited, Champion Brands, LLC by PLZ Corp, Chevron Corporation, China Petrochemical Corporation, Clariant International Ltd., CRP Industries Inc., DuPont de Nemours, Inc., Exxon Mobil Corporation, Fuchs Petrolub SE, Granville Oil & Chemicals Ltd., Guangdong Delian Group Co., Ltd., Gulf Oil International Ltd., Hitachi Ltd., HKS Co., Ltd., Huntsman International LLC, Indian Oil Corporation Ltd., Lubrex FZC, Millers Oils Ltd., Morris Lubricants, Motul S.A., Muller Brakes America Inc., MÜLLERÖL Vertriebs-GmbH, Orthene Chemicals Ltd., Oscar Lubricants LLC, Repsol S.A., Robert Bosch GmbH, Royal Dutch Shell PLC, Scope Lubricants, SMK Petrochemicals India Private Limited, Solventis, TotalEnergies SE, Valvoline Inc., Veedol Lubricants Pty Ltd., Witham Oil & Paint Limited, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Brake Fluid Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Castor Oil-Based
    • Glycol-Based
    • Silicone-Based
  • Component
    • Non-petroleum
    • Petroleum
  • End-user
    • Commercial Vehicles
    • Off-Road Vehicle
    • Passenger Vehicles
  • Distribution
    • Aftermarket
    • OEM
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Automotive Brake Fluid Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Brake Fluid Market?
  3. What are the technology trends and regulatory frameworks in the Automotive Brake Fluid Market?
  4. What is the market share of the leading vendors in the Automotive Brake Fluid Market?
  5. Which modes and strategic moves are suitable for entering the Automotive Brake Fluid Market?

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Frequently Asked Questions about the Global Automotive Brake Fluid Market

What is the estimated value of the Global Automotive Brake Fluid Market?

The Global Automotive Brake Fluid Market was estimated to be valued at $2.57 Billion in 2023.

What is the growth rate of the Global Automotive Brake Fluid Market?

The growth rate of the Global Automotive Brake Fluid Market is 6.6%, with an estimated value of $4.07 Billion by 2030.

What is the forecasted size of the Global Automotive Brake Fluid Market?

The Global Automotive Brake Fluid Market is estimated to be worth $4.07 Billion by 2030.

Who are the key companies in the Global Automotive Brake Fluid Market?

Key companies in the Global Automotive Brake Fluid Market include Advics Sales CO.,LTD., AutoChemie Bitterfeld GmbH, BASF SE, BP p.l.c., Castrol Limited, Champion Brands, LLC by PLZ Corp, Chevron Corporation, China Petrochemical Corporation, Clariant International Ltd. and CRP Industries Inc..

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automotive Brake Fluid Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Production and Sales of Vehicles
5.1.1.2. Growing Awareness Regarding the Importance of Vehicle Maintenance
5.1.1.3. Favorable Government Regulations to Enhance Vehicles’ Safety
5.1.2. Restraints
5.1.2.1. Brake Fluid Issues Related to Damaged Brake Components and Fluid Leak
5.1.3. Opportunities
5.1.3.1. Technological Advancement and Product Innovations in Brake Fluids
5.1.3.2. Ongoing Strategic Alliances Among Automotive Brake Fluid Manufacturers
5.1.4. Challenges
5.1.4.1. Environmental and Health Hazards of Brake Fluid
5.2. Market Segmentation Analysis
5.2.1. Product: Preference for glycol-based automotive brake fluids owing to its lubrication properties
5.2.2. Component: Adoption of automotive brake fluids containing non-petroleum components in high-performance vehicles
5.2.3. End-user: Increasing trade and transportation activities driving the production of commercial vehicles
5.2.4. Distribution: Growing preference for OEM distribution channel due to reliable quality
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Automotive Brake Fluid Market, by Product
6.1. Introduction
6.2. Castor Oil-Based
6.3. Glycol-Based
6.4. Silicone-Based
7. Automotive Brake Fluid Market, by Component
7.1. Introduction
7.2. Non-petroleum
7.3. Petroleum
8. Automotive Brake Fluid Market, by End-user
8.1. Introduction
8.2. Commercial Vehicles
8.3. Off-Road Vehicle
8.4. Passenger Vehicles
9. Automotive Brake Fluid Market, by Distribution
9.1. Introduction
9.2. Aftermarket
9.3. OEM
10. Americas Automotive Brake Fluid Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Automotive Brake Fluid Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Automotive Brake Fluid Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Gulf Oil Partners With Altigreen For Specialized EV Fluids
13.3.2. New Product Launch & Enhancement
13.3.2.1. Gulf Launches EV Brake Fluid
13.3.2.2. Apec Automotive launches premium brake & clutch fluid range
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Advics Sales CO.,LTD.
14.1.2. AutoChemie Bitterfeld GmbH
14.1.3. BASF SE
14.1.4. BP p.l.c.
14.1.5. Castrol Limited
14.1.6. Champion Brands, LLC by PLZ Corp
14.1.7. Chevron Corporation
14.1.8. China Petrochemical Corporation
14.1.9. Clariant International Ltd.
14.1.10. CRP Industries Inc.
14.1.11. DuPont de Nemours, Inc.
14.1.12. Exxon Mobil Corporation
14.1.13. Fuchs Petrolub SE
14.1.14. Granville Oil & Chemicals Ltd.
14.1.15. Guangdong Delian Group Co., Ltd.
14.1.16. Gulf Oil International Ltd.
14.1.17. Hitachi Ltd.
14.1.18. HKS Co., Ltd.
14.1.19. Huntsman International LLC
14.1.20. Indian Oil Corporation Ltd.
14.1.21. Lubrex FZC
14.1.22. Millers Oils Ltd.
14.1.23. Morris Lubricants
14.1.24. Motul S.A.
14.1.25. Muller Brakes America Inc.
14.1.26. MÜLLERÖL Vertriebs-GmbH
14.1.27. Orthene Chemicals Ltd.
14.1.28. Oscar Lubricants LLC
14.1.29. Repsol S.A.
14.1.30. Robert Bosch GmbH
14.1.31. Royal Dutch Shell PLC
14.1.32. Scope Lubricants
14.1.33. SMK Petrochemicals India Private Limited
14.1.34. Solventis
14.1.35. TotalEnergies SE
14.1.36. Valvoline Inc.
14.1.37. Veedol Lubricants Pty Ltd.
14.1.38. Witham Oil & Paint Limited
14.1.39. ZF Friedrichshafen AG
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. AUTOMOTIVE BRAKE FLUID MARKET RESEARCH PROCESS
FIGURE 2. AUTOMOTIVE BRAKE FLUID MARKET SIZE, 2022 VS 2030
FIGURE 3. AUTOMOTIVE BRAKE FLUID MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. AUTOMOTIVE BRAKE FLUID MARKET DYNAMICS
FIGURE 7. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY PRODUCT, 2022 VS 2030 (%)
FIGURE 8. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY PRODUCT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COMPONENT, 2022 VS 2030 (%)
FIGURE 10. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COMPONENT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY END-USER, 2022 VS 2030 (%)
FIGURE 12. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY END-USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY DISTRIBUTION, 2022 VS 2030 (%)
FIGURE 14. AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY DISTRIBUTION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE BRAKE FLUID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. AUTOMOTIVE BRAKE FLUID MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. AUTOMOTIVE BRAKE FLUID MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Advics Sales CO.,LTD.
  • AutoChemie Bitterfeld GmbH
  • BASF SE
  • BP p.l.c.
  • Castrol Limited
  • Champion Brands, LLC by PLZ Corp
  • Chevron Corporation
  • China Petrochemical Corporation
  • Clariant International Ltd.
  • CRP Industries Inc.
  • DuPont de Nemours, Inc.
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Granville Oil & Chemicals Ltd.
  • Guangdong Delian Group Co., Ltd.
  • Gulf Oil International Ltd.
  • Hitachi Ltd.
  • HKS Co., Ltd.
  • Huntsman International LLC
  • Indian Oil Corporation Ltd.
  • Lubrex FZC
  • Millers Oils Ltd.
  • Morris Lubricants
  • Motul S.A.
  • Muller Brakes America Inc.
  • MÜLLERÖL Vertriebs-GmbH
  • Orthene Chemicals Ltd.
  • Oscar Lubricants LLC
  • Repsol S.A.
  • Robert Bosch GmbH
  • Royal Dutch Shell PLC
  • Scope Lubricants
  • SMK Petrochemicals India Private Limited
  • Solventis
  • TotalEnergies SE
  • Valvoline Inc.
  • Veedol Lubricants Pty Ltd.
  • Witham Oil & Paint Limited
  • ZF Friedrichshafen AG

Methodology

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