Automotive Brake Fluid Market Size, Share, Growth Analysis, By Product(DOT 3, DOT 4, DOT 5, DOT 5.1.), By Vehicle Types(Passenger Car, Commercial Vehicle), By Region - Industry Forecast 2024-2031

Automotive Brake Fluid Market was valued at USD 832.32 billion in 2019 and it is expected to grow from USD 848.9 billion and reach at USD 994.7 billion by 2031, at a CAGR of 2% over the forecast period (2024-2031).

Brake fluid oil is in high demand due to the increasing popularity of automobiles. The main use for brake fluid oil is as a hydraulic fluid in brakes. It is also used in other automotive applications where hydraulic fluids are required. The benefits of using brake fluid oil are that it provides good lubrication, it is non-corrosive, and it has a high boiling point. These properties make it ideal for use in brakes, where high temperatures and extreme pressure can be encountered. Additionally, brake fluid oil is typically clear or light yellow in color, making it easy to identify leaks.

There are a few different types of brake fluid oils on the automotive brake fluid market, with each having its own advantages and disadvantages. The most common type of brake fluid oil is glycol-based, which offers good performance but can cause corrosion if leaked onto painted surfaces. The other type of brake fluid is silicone-based. Silicone-based fluids are not as effective at high temperatures as glycol-based fluids, but they are more resistant to moisture absorption. This makes them ideal for use in cold weather conditions or in areas with high humidity levels.

US Automotive Brake Fluid Market is poised to grow at a sustainable CAGR for the next forecast year.