The latest report on Automotive Brake Fluid Market by Infinium Global Research gives complete coverage of the automotive brake fluid market by fluid types (petroleum and non-petroleum), vehicle type (passenger cars, SUVs, motorcycles), product type (into castor oil-based (pre-DOT, DOT 2), glycol-based (DOT 3, 4, 5.1) and silicone-based (DOT 5) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive brake fluid such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Brake Fluid is Changed in Order to Prevent Brake Failure and to Maintain the Boiling Point at a Safe Level
Brake fluid is a liquid used in hydraulic brake and hydraulic clutch applications. Brake fluids are important components of Automobiles. Brake fluids help to transfer force into pressure and amplify braking force. Brake fluids are used for the smooth functioning of breaks in vehicles and for moving several components of vehicles in the braking system.
Brake fluid has certain characteristics such as Viscosity, Boiling point, Corrosion, and Compressibility that meets a certain quality standard for the braking system to work accurately. Most of the automotive industry used glycol-based brake fluid owing to the desired thermal properties for reliable and safe operation. Brake fluids are composed of three mains components such as solvent, lubricant, and additives.
Automotive brake fluid serves as a lubricant for moving parts and prevents corrosion. In addition, automotive brake fluid is renewed after a certain time period, or if the vehicles travel a defined number of Kms. Brake fluid is changed in order to prevent brake failure and to maintain the boiling point at a safe level. These aforementioned factors are responsible for driving growth in this market.
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High Demand for Vehicles Coupled with the Increased Adoption of the Advanced Braking System
High demand for vehicles coupled with the increased adoption of the advanced braking system over the globe is augmenting the growth of the market. however, Reluctance in the timely changing of oil is expected to hamper the growth of the market. The on-going developments for the better braking response, flexibility, durability and longer lives of the brake fluid, growing demand for environment-friendly brake fluids and Continuous developments in car service outlets to create huge opportunities for the automotive brake fluid market.
Among the geographies, the Asia Pacific region holds a major share in the automotive brake fluid market. countries such as China and India expected to have faster growth in this market owing to the growing number of vehicles. Increased production of vehicles coupled with growing key manufacturers in this region and expansion of the automotive sector is projected to boost the market in the Asia Pacific.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive brake fluid.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.