Automotive brake fluid is a
hydraulic fluid used in hydraulic clutch and hydraulic brake
applications in motorcycles, light trucks, automobiles, and bicycles,
among other applications. Automotive brake fluid is used to transfer
force and to apply pressure on brakes and increase the brake force.
Automotive brake fluid are composed of various types of glycols with
low freezing point and designed not to damage rubber components in
the braking system.
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Automotive brake fluid is
mainly used in automotive to lubricate and prevent corrosion of the
moving parts. Automotive brake fluid 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 and is expected to grow at a
significant rate during the forecast period. Growing number of
automotive OEMs and car services providers has 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
global automotive brake fluid market is expected to increase at a
significant growth rate over the forecast period (2017-2025).
Automotive Brake Fluid Market
TaxonomyOn the basis of fluid types,
-
Non-petroleum base
-
Petroleum (mineral) base
-
Castor oil-based (pre-DOT, DOT 2)
-
Glycol-based (DOT 3, 4, 5.1)
-
Silicone-based (DOT 5)
Automotive brake fluid is
hydroscopic, meaning absorption of moisture is a natural property of
brake fluid due to which corrosion is accumulated which serves as a
restraint for the automotive brake fluid market. These restraints are
significantly curtailed through product innovations by market
leaders. For instance, a new product by Castrol which consist of
polyglycol type brake fluid provides high braking performance under
normal driving conditions which is commercialized under the product
named as Castrol brake fluid dot 4.
The DOT (department of
transportation) is categorized in automotive brake fluids by its
boiling point and chemical composition. Automotive brake fluid is
given by type such as DOT 5 (silicone based), DOT 5.1, DOT 4, and DOT
3 (glycol ether based). DOT 3, DOT 4, DOT 5.1 mainly consist of
polyglycol and DOT 5 is composed of silicone. Gylcol fluids are used
in 99% of vehicles and DOT 3 is majorly used due to its low content
of water which affects the brake system and reduces corrosion. Brake
pistons and cylinders suffer from wear and tear which results in
periodic change in brake fluid which is a major factor for the
growing demand of automotive brake fluid in the global market during
the forecast period.
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 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 of the domestic population. Owing to these factors the
automotive brake fluid market is expected to grow at a significant
rate in Asia Pacific in 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, which includes electronic stability
programmers (ESP) due to which the brake fluid needs to react quickly
and maximize the performance of the vehicle and prevents skidding.
New brake fluids are installed in every new vehicle prior to sale,
which is also a factor due to which growth is expected at a
significant rate for the automotive brake fluid market during the
forecast period.
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Some of the key
participating players in the automotive brake fluid market are
Beijing Haidian Huiyuan Synthetic Agents, Bosch, Copton, Beijing
Haidian Huiyuan Synthetic Agents, Cnpc, Castrol (BP), Caltex, Exxon
Mobil, Delian Group, Fuchs, Jilin Hairun, Irico Group, Original,
Laike, Shenzhen Pingchi Industry Co, Shell, Sinopec, Total, Teec,
Zhuhai Gaida Shiye, and Tianjin Xuqi Gongmao along with others.
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