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Global Automotive Brake Fluid Market: By Fluid Type: Petroleum, Non-petroleum; By Product Type: DOT 3, DOT 4, DOT 5, DOT 5.1; By Application: Light Commercial Vehicles, Passenger Cars, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Brake Fluid Market Outlook
The global automotive brake fluid market is expected to grow at a CAGR of 2.40% during the period 2023-2028.
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The Global Automotive Brake Fluid Market Likely to be Driven by Applications in the Automotive Sector
Developing infrastructure, rising driving speeds, and constant advancements in the automotive industry are expected to drive the global market for automotive brake fluids. North America, Europe and Asia are likely to be key markets.
Brake fluid is a kind of hydraulic fluid employed in hydraulic clutch and brake applications in vehicles. The fluid transfers force into pressure, and amplifies braking force. Currently, brake fluids fall under one of the following specifications - DOT 3, DOT 4, DOT 5 and DOT 5.1. Under DOT specifications, two reference tests are laid down for brake fluids – dry boiling point (boiling point of fresh fluids) and wet boiling points (boiling point after the fluid has absorbed moisture, this signifies brake fluid after time expended in real conditions). Brake fluids are chiefly employed in braking and clutch systems of on-road and off-road vehicles. Applications include automobiles, motorcycles and light trucks.
DOT 3, 4 and 5.1 fluids are hygroscopic and glycol based; these fluids absorb atmospheric moisture. Glycol based brake fluids begin to absorb moisture soon after these are placed in the hydraulic brake system or shown to air. Moisture seeps in the fluid via microscopic pores in rubber hoses, past seals, and air exposure. The water entering the system is spread throughout the brake fluid instead of getting pooled in low spots (due to the difference in the weights of water and the brake fluid). Thus, the boiling point of the whole brake fluid is kept high as against the situation where accumulated pools of water in the system would boil sooner than the brake fluid. DOT 3, 4 and 5.1 also differ in terms of boiling point. The higher the boiling point of a brake fluid, the more heat the fluid can tolerate. Among the three glycol-based brake fluids, DOT 5.1 has the highest boiling point and DOT 3 the lowest. The majority of brake fluids presently in use are glycol based and appropriate for high performance vehicles in which braking systems touch moderate brake temperatures. DOT 5 brake fluid is hydrophobic and silicone based, thus, it repels water. As the silicone fluid does not absorb atmospheric moisture while in use, it offers better service life and enhances corrosion resistance of the key elements of the braking system. While silicone-based DOT 5 was designed to offer higher temperature performance as compared to glycol DOT 4, it does not provide lubrication to ABS pumps comparable to glycol-based fluids.
Technologically Advanced Solutions Meeting Changing Industry Demands Expected to Drive the Market
With constant developments and technical advancements in the automobile industry, there is increased demand for high performance fluids for automotive applications. Leading companies are looking to offer modern solutions to meet industry demands and standards. For example, HYDRAULAN® brake fluids by BASF are designed to meet current and future needs of the industry while maintaining stringent safety requirements demanded by customers. The solution offers high thermal stability, superior corrosion protection for metals, better elastomer compatibility, very low viscosity at low temperatures, and superior lubrication.
In 2021, Valvoline announced the launch of XEV, the brand's first China-based release of hybrid, plug-in hybrid and pure electric vehicle products. XEV refers to a set of hybrid and EV fluids, including brake fluids among motor oil, battery protection fluid and transmission fluid. In 2019, Valvoline announced a product line to serve electric vehicles, including Valvoline EV Brake Fluid; the formulations featured high wet and dry boiling points, noise elimination, brake fade reduction and low viscosity at low temperatures for modern Anti-lock Brake Systems (ABS), Electronic Stability Programs (ESP) and Advance Driver Assistance Systems (ADAS).
In 2019, Brakes India launched DOT 4+ brake and clutch fluid for ABS-equipped vehicles, with features such as higher boiling point (above 255degree C), low viscosity (at -40degree C) and fulfilment of SAE J1704, FMVSS 116 and IS 8654 specifications. According to the company, the solution was developed through extensive in-house expertise and the fluids were tested to strict standards.
Global Automotive Brake Fluid Market Segmentation
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By fluid type, the market is segmented into:
- Petroleum
- Non-petroleum
By product type, the market is classified into:
- DOT 3
- DOT 4
- DOT 5
- DOT 5.1
By application, the market is divided into:
- Light Commercial Vehicles
- Passenger Cars
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Automotive Brake Fluid Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE
- Chevron Corporation
- The Dow Chemical Company
- Exxon Mobil Corporation
- Valvoline Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fluid Type, Product Type, Application, Region |
| Breakup by Fluid Type | Petroleum, Non-petroleum |
| Breakup by Product Type | DOT 3, DOT 4, DOT 5, DOT 5.1 |
| Breakup by Application | Light Commercial Vehicles, Passenger Cars, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE, Chevron Corporation, The Dow Chemical Company, Exxon Mobil Corporation, Valvoline Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Brake Fluid Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Brake Fluid Historical Market (2018-2022)
8.3 Global Automotive Brake Fluid Market Forecast (2023-2028)
8.4 Global Automotive Brake Fluid Market by Fluid Type
8.4.1 Petroleum
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-petroleum
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Automotive Brake Fluid Market by Product Type
8.5.1 DOT 3
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 DOT 4
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 DOT 5
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 DOT 5.1
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Automotive Brake Fluid Market by Application
8.6.1 Light Commercial Vehicles
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Passenger Cars
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Automotive Brake Fluid Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Automotive Brake Fluid Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Brake Fluid Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Brake Fluid Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Brake Fluid Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Brake Fluid Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Chevron Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Dow Chemical Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Exxon Mobil Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Valvoline Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Brake Fluid Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Brake Fluid Historical Market: Breakup by Fluid Type (USD Million), 2018-2022
3. Global Automotive Brake Fluid Market Forecast: Breakup by Fluid Type (USD Million), 2023-2028
4. Global Automotive Brake Fluid Historical Market: Breakup by Product Type (USD Million), 2018-2022
5. Global Automotive Brake Fluid Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6. Global Automotive Brake Fluid Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Automotive Brake Fluid Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Automotive Brake Fluid Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Automotive Brake Fluid Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Automotive Brake Fluid Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Automotive Brake Fluid Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Automotive Brake Fluid Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Automotive Brake Fluid Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Automotive Brake Fluid Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Automotive Brake Fluid Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Automotive Brake Fluid Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Automotive Brake Fluid Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Automotive Brake Fluid Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Automotive Brake Fluid Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Automotive Brake Fluid Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 2.40% between 2023 and 2028.
The major drivers of the market include the rising cases of road accidents, stringent government regulations aimed towards bolstering safety on roads, rising traffic congestion, and rising demand for automobiles with smooth braking system.
The technological innovations and rising investments by the key automotive market players to enhance the braking quality of an automobiles are the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Petroleum and non-petroleum are the major fluid types included in the market report.
DOT 3, DOT 4, DOT 5, and DOT 5.1 are the significant product types based on which the market has been segmented.
Light commercial vehicles and passenger cars, among others are the different applications of the product.
The major players in the industry are BASF SE, Chevron Corporation, The Dow Chemical Company, Exxon Mobil Corporation, and Valvoline Inc, among others.
Analyst Review
The global automotive brake fluid market is being driven by the rising demand for commercial and passenger vehicles, rising disposable income, increasing number of car enthusiasts, rising cases of road accidents, and thriving transportation sector. Aided by the technological innovations and rising investments by the key automotive market players to enhance the braking quality of an automobiles, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.40%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fluid type, the market is divided into petroleum and non-petroleum. On the basis of product type, the market is divided into DOT 3, DOT 4, DOT 5, and DOT 5.1. The significant applications of the product include light commercial vehicles and passenger cars, among others. The major regional markets for automotive brake fluid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Chevron Corporation, The Dow Chemical Company, Exxon Mobil Corporation, and Valvoline Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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