Global Automotive Brake Fluid Market

Automotive Brake Fluid Market Size, Share, Growth Analysis, By Fluid Type (Petroleum, Non-Petroleum), By Product (Dot 3 Glycol, Dot 4 Glycol), By Vehicle (Passenger Car, Commercial Vehicle), By Market, By Region - Industry Forecast 2025-2032

Report ID: SQSG25A2006 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 63 | Figures: 75

Automotive Brake Fluid Market News

  • In July 2022, DexKo announced to acquire Fluid-Press Group
  • In July 2021, PLZ Aeroscience Acquires Lubricants Supplier Champion Brands
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Global Automotive Brake Fluid Market size was valued at USD 655.0 billion in 2022 and is poised to grow from USD 681.85 billion in 2023 to USD 940.37 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031).

The automotive brake fluid market is a highly competitive and rapidly changing market. In order to sustain in this industry, companies are constantly innovating and adapting to the ever-changing landscape. Some of the ways that companies are sustaining in the global automotive braking fluid industry include: 'Robert Bosch GmbH (Germany) ', 'Castrol Limited (UK) ', 'Exxon Mobil Corporation (USA) ', 'Fuchs Petrolub SE (Germany) ', 'China Petrochemical Corporation (Sinopec) (China) ', 'TotalEnergies SE (France) ', 'BP p.l.c. (UK) ', 'Royal Dutch Shell plc (Netherlands) ', 'PetroChina Company Limited (China) ', 'BASF SE (Germany) ', 'MOTUL (France) ', 'Valvoline Inc. (USA) ', 'Liqui Moly GmbH (Germany) ', 'Ravenol GmbH (Germany) ', 'Petro-Canada Lubricants (Canada) ', 'Idemitsu Kosan Co., Ltd. (Japan) ', 'Amsoil Inc. (USA) ', 'Lucas Oil Products, Inc. (USA)'

Population growth and urbanization: As the world's population continues to grow and more people move into cities, the demand for vehicles will grow, so does the automotive brake fluid market.

Increased focus on performance – As vehicles become more powerful and capable, there is an increased demand for fluids that can handle the added stress and provide optimal performance. This has led to the development of new formulations that can withstand higher temperatures and pressures, delivering improved braking feel and response. As a result, the trending adding more fuel to the growth of automotive brake fluid market.

The Asia Pacific automotive brake fluid market is anticipated to grow at a CAGR of 5% over the forecast period of 2022-2028. The region is expected to dominate the global market owing to the presence of major players in the region and rise in vehicle production. Moreover, countries such as China and India are witnessing rapid urbanization and economic development, which is further fuelling the growth of the automotive industry in the region.

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Global Automotive Brake Fluid Market

Report ID: SQSG25A2006

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