Automotive Brake Fluid Market

Global Automotive Brake Fluid Market by Product Type (Castor oil-based (pre-DOT, DOT 2), Glycol-based (DOT 3,4,5.1), Silicone-based (DOT 5)), By Fluid Types (Petroleum Based, Non-Petroleum Based), Vehicle Types (Passenger vehicles (PVs), Commercial vehicles (CVs), Off-Road Vehicles), Distribution Channel (Master Distributors, Warehouse Distributors, Auto Parts Stores, Others) and Region (North America, Latin America, Europe, Asia Pacific, China and Middle East & Africa)

  • Report ID: MC-117
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 28
  • No. Of Pages: 269
  • Format:
  • Pub. Date: 2020-11-10
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Market Outlook:

The global Automotive Brake Fluid market was valued at USD 2,690.4 Million in 2019 and is projected to reach USD 2,692.9 Million by 2027, expanding at a CAGR of 2.0% during the forecast period. The global automotive brake fluid market is driven by factors such as growing number of automotive original equipment manufacturers (OEMs) and car service providers, product innovations in automotive brake fluids, increasing demand for commercial vehicles, and emerging vehicle financing. Conversely, frequent need to change automotive brake fluid and replacement of traditional hydraulic braking systems by brake-by-wire are likely to restrain the market.

Automotive brake fluid is primarily used in the automotive industry to lubricate and avoid the deterioration of moving parts. Automotive brake fluids are renewed or modified every 1 to 2 years and every month in automotive racing to boost the reliability and performance of the vehicle, catering to the demand for automotive brake fluids. Glycol-based brake fluids are the latest development, and the DOT 3, 4 and 5.1 requirements define the criteria that must be followed. Silicone-based fluids have been the most recent advancement in the evolution of brake fluids; however, they are not commonly used.

Prominent car manufacturers such as Maruti Suzuki, General Motors, Hyundai, Ford, and Toyota are establishing new manufacturing facilities to increase sales volume by contributing to the growth of the authorized car service center industry. For example, in March 2019, Toyota planned to invest USD 13 billion in its automotive operations in the US. Moreover, rising acceptance of innovative technologies in smart cars, including the Advanced Driver Assistance Systems (ADAS) and Internet of Things (IoT), has compelled car garages to upgrade their existing car service systems, fueling the market growth. Authorized car service centers are brand outlets or independent service centers of manufacturers that perform a variety of repair and maintenance activities for an automotive brand. These service providers are increasing rapidly among vehicle owners due to growing concerns about counterfeit spare parts and the growing implementation of advanced fuel, ignition, and in-car entertainment systems, which are driving them to opt for authorized car repairs. Increasing number of OEMs and car service providers is projected to boost the demand for automotive brake fluid.

Global Automotive Brake Fluid Market Analysis

Market Dynamics
In the last decade, the automotive industry has made tremendous progress due to the extreme production of highly automated digital vehicles. Automotive manufacturers and OEMs are deploying new technology to extend its customer base through its products. Manufacturers are offering a wide range of fluid technologies to ensure that the engine braking, air conditioning, and engine systems work safely and efficiently. Most of the automotive brake fluid manufacturers offer a complete line of DOT 3, DOT 4, DOT 5.1, and racing brake fluids. Manufacturers are considering safety, reliability, and comfort factors to innovate the automotive brake fluids. Brake systems are increasingly complex and need greater reliability, as the automotive industry explores revolutionary technology to achieve a fuel efficiency benefit. Properties such as wet and dry boiling point, lower temperature viscosity, corrosion resistance, braking system-compatibility, and long-term stability are considered in brake fluid innovation. This, in turn, increases the demand for automotive brake fluid during the forecast period.

Digitization and increased infrastructure spending are expected to increase the demand for commercial vehicles during the forecast period. The demand for heavy-duty commercial vehicles is anticipated to increase during the forecast period due to rising tourism and growing construction, mining, and logistics activities across several countries worldwide; therefore, automakers have introduced plans to expand its HCV business in potential regions to meet the increasing demand for HCVs at the global level. Rise in commercial vehicle leasing and rentals due to the growing demand for operating efficiencies and achievement of economies of scale by companies in various sectors are increasing the demand for automotive brake fluid during the forecast period.

Segmental Outlook

On the basis of product types, the automotive brake fluid market is segmented into castor oil-based (pre-DOT, DOT 2), glycol-based (DOT 3,4,5.1), and silicone-based (DOT 5). The glycol-based (DOT 3,4,5.1) segment is expected to hold a significant share of the market, while the silicone-based (DOT 5) segment is projected to expand at a substantial CAGR during the forecast period. The DOT is classified as DOT 2, 3, 4, 5, and 5.1 in automotive brake fluids by its boiling point and chemical composition. Several grades of glycol fluids are utilized in majority of the motor vehicles. Moreover, maximum vehicles run on DOT 3. It has low water content, as the fluid marks corrosion in the brake system. The expense of substituting any component is important and replacing brake fluid is expected to help save costs. Brake fluids differ from vehicle to vehicle and factors such as vehicle production year, model, and type of braking system. Brake pistons and cylinders experience wear and tear, increasing the need for frequent improvements in brake fluid, which is a key factor boosting the demand for automotive brake fluids during the forecast period.

The Glycol-based (DOT 3,4,5.1) segment was valued at USD 2,175.2 Mn in 2019 and is anticipated to reach USD 2,512.6 Mn by the end of year 2027. The Silicone-based (DOT 5) segment is expected to showcase growth at a CAGR of 1.8% during 2020-2027 to reach at USD 139.0 Mn by the end of the year 2027. Silicone-based brake fluids are non-hydroscopic and do not absorb water. Also used in classic and antique cars and military vehicles, since silicone-based brake fluid does not corrode internal brake parts or damage paintwork.

Global Automotive Brake Fluid Market By Type

Regional Outlook

On the basis of regions, the automotive brake fluid market is categorized as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a significant share of the market and is projected to expand at substantial pace during the forecast period due to the increasing rate of adoption of automotive braking fluid, rising production of automotive brake fluid in China and India, and rapid expansion of the automotive industry in the region. The market in North America and Europe is expected to grow at a significant pace during the forecast period due to the increasing demand for passenger vehicles in these regions. Latin America constitutes as key share of the market due to improving mineral mining practices and high investments in the mining industry. Chile and Peru are home to a large number of copper and gold mines, which is increasing metal exploration activities in the region. Favorable mining regulations are increasing the number of overseas investors, particularly in Peru, Chile, and Colombia. These, in turn, increase the demand for off-road vehicles, which drives the market in the region.

Asia Pacific was valued at USD 1,194.1 Mn in 2019 and is anticipated to reach USD 1,215.9 Mn by the end of year 2027. The largest share of Asia Pacific region is attributed to the presence of some major automobile manufacturers who have partnered with automotive brake fluid manufacturing companies to market brake fluid products specific to one brand.

Global Automotive Brake Fluid Market By Region

Competitive Landscape

  • The prominent manufacturers operating in the Automotive Brake Fluid market include BASF SE, Exxon Mobil Corporation, Chevron Corporation, China FAW Group Co., Ltd., China National Petroleum Corporation, Robert Bosch GmbH, Lubrication Engineers, COPTON Technology Co.,Ltd, Guangdong Delian Group Co., ltd., China Petrochemical Corporation, Kuwait Petroleum Corporation, Honda Motor Co., Inc, Prestone Products, DuPont, Gulf Oil L.P., Clariant, Motul, Castrol Limited and Knorr-Bremse AG.
  • The global automotive brake fluid market is moderately consolidated in nature with the presence of key manufacturers located in North America, Europe and Asia Pacific. The threat of new entrants is expected to remain moderate during the forecast period. Opportunities for new players is moderate, as they need to adhere to a series of regulatory standards and inspections before product establishment.
  • In 2020, BASF SE unveiled a one-liter packaging of its premium brake fluid Hydraulan 404 for the aftermarket in China. The packaging is bilingual to directly address local consumer needs and provides comfort for China body shops. The braking system is one of the vehicle's most critical safety features. It needs to meet the high standards needed by automobile manufacturers, the automotive industry and the regulations on safety in the automotive sector.

Global Automotive Brake Fluid Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Automotive Brake Fluid Market
  • Historical, Current and Projected Market Size in terms of Value (USD Million), Volume (Tons)
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Automotive Brake Fluid Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Brake Fluid Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Automotive Brake Fluid Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Automotive Brake Fluid Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Customers  
   4.4 Key Forces Shaping the Automotive Brake Fluid Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Automotive Brake Fluid Market Size & Forecast, 2017-2027
      4.5.1 Automotive Brake Fluid Market Size and Y-o-Y Growth
      4.5.2 Automotive Brake Fluid Market Absolute $ Opportunity
   4.6 Car Production Outlook by Key Countries
   4.7 Relative Vehicles Production Per-Capita by Key Countries
   4.8 Plug-In Electric Light Vehicles Sales Outlook, 2019
   4.9 Global Automobiles Industry Overview, 2019
Chapter 5 Global Automotive Brake Fluid Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Automotive Brake Fluid Market Size Forecast By Product Type
      5.2.1 Castor oil-based (pre-DOT,DOT 2)
      5.2.2 Glycol-based (DOT 3,4,5.1)
      5.2.3 Silicone-based (DOT 5)
   5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global Automotive Brake Fluid Market Analysis and Forecast By Fluid Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Fluid Type
      6.1.2 Basis Point Share (BPS) Analysis By Fluid Type
      6.1.3 Absolute $ Opportunity Assessment By Fluid Type
   6.2 Automotive Brake Fluid Market Size Forecast By Fluid Type
      6.2.1 Petroleum Based
      6.2.2 Non-Petroleum Based
   6.3 Market Attractiveness Analysis By Fluid Type
Chapter 7 Global Automotive Brake Fluid Market Analysis and Forecast By Vehicle Type
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Vehicle Type
      7.1.2 Basis Point Share (BPS) Analysis By Vehicle Type
      7.1.3 Absolute $ Opportunity Assessment By Vehicle Type
   7.2 Automotive Brake Fluid Market Size Forecast By Vehicle Type
      7.2.1 Passenger vehicles (PVs)
         7.2.1.1 Hatchbacks
         7.2.1.2 Sedans
         7.2.1.3 Multi-purpose vehicles (MPVs)
         7.2.1.4 Sport utility vehicles (SUVs)
      7.2.2 Commercial vehicles (CVs)
         7.2.2.1 Lightweight commercial vehicles (LCVs)
         7.2.2.2 Heavy commercial vehicles (HCVs)
      7.2.3 Off-Road Vehicles
   7.3 Market Attractiveness Analysis By Vehicle Type
Chapter 8 Global Automotive Brake Fluid Market Analysis and Forecast By Distribution Channel
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      8.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      8.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   8.2 Automotive Brake Fluid Market Size Forecast By Distribution Channel
      8.2.1 Master Distributors
      8.2.2 Warehouse Distributors
      8.2.3 Auto Parts Stores
      8.2.4 Others
   8.3 Market Attractiveness Analysis By Distribution Channel
Chapter 9 Global Automotive Brake Fluid Market Analysis and Forecast by Region
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities by Region
      9.1.2 Basis Point Share (BPS) Analysis by Region
      9.1.3 Absolute $ Opportunity Assessment by Region
   9.2 Automotive Brake Fluid Market Size Forecast by Region
      9.2.1 North America
      9.2.2 Europe
      9.2.3 Asia Pacific
      9.2.4 Latin America
      9.2.5 Middle East & Africa (MEA)
   9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
   10.1 Introduction
   10.2 Current & Future Impact Analysis
   10.3 Economic Impact Analysis
   10.4 Government Policies
   10.5 Investment Scenario
Chapter 11 North America Automotive Brake Fluid Analysis and Forecast
   11.1 Introduction
   11.2 North America Automotive Brake Fluid Market Size Forecast by Country
      11.2.1 U.S.
      11.2.2 Canada
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 North America Automotive Brake Fluid Market Size Forecast By Product Type
      11.6.1 Castor oil-based (pre-DOT,DOT 2)
      11.6.2 Glycol-based (DOT 3,4,5.1)
      11.6.3 Silicone-based (DOT 5)
   11.7 Basis Point Share (BPS) Analysis By Product Type
   11.8 Absolute $ Opportunity Assessment By Product Type
   11.9 Market Attractiveness Analysis By Product Type
   11.10 North America Automotive Brake Fluid Market Size Forecast By Fluid Type
      11.10.1 Petroleum Based
      11.10.2 Non-Petroleum Based
   11.11 Basis Point Share (BPS) Analysis By Fluid Type
   11.12 Absolute $ Opportunity Assessment By Fluid Type
   11.13 Market Attractiveness Analysis By Fluid Type
   11.14 North America Automotive Brake Fluid Market Size Forecast By Vehicle Type
      11.14.1 Passenger vehicles (PVs)
         11.14.1.1 Hatchbacks
         11.14.1.2 Sedans
         11.14.1.3 Multi-purpose vehicles (MPVs)
         11.14.1.4 Sport utility vehicles (SUVs)
      11.14.2 Commercial vehicles (CVs)
         11.14.2.1 Lightweight commercial vehicles (LCVs)
         11.14.2.2 Heavy commercial vehicles (HCVs)
      11.14.3 Off-Road Vehicles
   11.15 Basis Point Share (BPS) Analysis By Vehicle Type
   11.16 Absolute $ Opportunity Assessment By Vehicle Type
   11.17 Market Attractiveness Analysis By Vehicle Type
   11.18 North America Automotive Brake Fluid Market Size Forecast By Distribution Channel
      11.18.1 Master Distributors
      11.18.2 Warehouse Distributors
      11.18.3 Auto Parts Stores
      11.18.4 Others
   11.19 Basis Point Share (BPS) Analysis By Distribution Channel
   11.20 Absolute $ Opportunity Assessment By Distribution Channel
   11.21 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Europe Automotive Brake Fluid Analysis and Forecast
   12.1 Introduction
   12.2 Europe Automotive Brake Fluid Market Size Forecast by Country
      12.2.1 Germany
      12.2.2 France
      12.2.3 Italy
      12.2.4 U.K.
      12.2.5 Spain
      12.2.6 Russia
      12.2.7 Rest of Europe
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Europe Automotive Brake Fluid Market Size Forecast By Product Type
      12.6.1 Castor oil-based (pre-DOT,DOT 2)
      12.6.2 Glycol-based (DOT 3,4,5.1)
      12.6.3 Silicone-based (DOT 5)
   12.7 Basis Point Share (BPS) Analysis By Product Type
   12.8 Absolute $ Opportunity Assessment By Product Type
   12.9 Market Attractiveness Analysis By Product Type
   12.10 Europe Automotive Brake Fluid Market Size Forecast By Fluid Type
      12.10.1 Petroleum Based
      12.10.2 Non-Petroleum Based
   12.11 Basis Point Share (BPS) Analysis By Fluid Type
   12.12 Absolute $ Opportunity Assessment By Fluid Type
   12.13 Market Attractiveness Analysis By Fluid Type
   12.14 Europe Automotive Brake Fluid Market Size Forecast By Vehicle Type
      12.14.1 Passenger vehicles (PVs)
         12.14.1.1 Hatchbacks
         12.14.1.2 Sedans
         12.14.1.3 Multi-purpose vehicles (MPVs)
         12.14.1.4 Sport utility vehicles (SUVs)
      12.14.2 Commercial vehicles (CVs)
         12.14.2.1 Lightweight commercial vehicles (LCVs)
         12.14.2.2 Heavy commercial vehicles (HCVs)
      12.14.3 Off-Road Vehicles
   12.15 Basis Point Share (BPS) Analysis By Vehicle Type
   12.16 Absolute $ Opportunity Assessment By Vehicle Type
   12.17 Market Attractiveness Analysis By Vehicle Type
   12.18 Europe Automotive Brake Fluid Market Size Forecast By Distribution Channel
      12.18.1 Master Distributors
      12.18.2 Warehouse Distributors
      12.18.3 Auto Parts Stores
      12.18.4 Others
   12.19 Basis Point Share (BPS) Analysis By Distribution Channel
   12.20 Absolute $ Opportunity Assessment By Distribution Channel
   12.21 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Asia Pacific Automotive Brake Fluid Analysis and Forecast
   13.1 Introduction
   13.2 Asia Pacific Automotive Brake Fluid Market Size Forecast by Country
      13.2.1 China
      13.2.2 Japan
      13.2.3 South Korea
      13.2.4 India
      13.2.5 Australia
      13.2.6 South East Asia (SEA)
      13.2.7 Rest of Asia Pacific (APAC)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Asia Pacific Automotive Brake Fluid Market Size Forecast By Product Type
      13.6.1 Castor oil-based (pre-DOT,DOT 2)
      13.6.2 Glycol-based (DOT 3,4,5.1)
      13.6.3 Silicone-based (DOT 5)
   13.7 Basis Point Share (BPS) Analysis By Product Type
   13.8 Absolute $ Opportunity Assessment By Product Type
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Asia Pacific Automotive Brake Fluid Market Size Forecast By Fluid Type
      13.10.1 Petroleum Based
      13.10.2 Non-Petroleum Based
   13.11 Basis Point Share (BPS) Analysis By Fluid Type
   13.12 Absolute $ Opportunity Assessment By Fluid Type
   13.13 Market Attractiveness Analysis By Fluid Type
   13.14 Asia Pacific Automotive Brake Fluid Market Size Forecast By Vehicle Type
      13.14.1 Passenger vehicles (PVs)
         13.14.1.1 Hatchbacks
         13.14.1.2 Sedans
         13.14.1.3 Multi-purpose vehicles (MPVs)
         13.14.1.4 Sport utility vehicles (SUVs)
      13.14.2 Commercial vehicles (CVs)
         13.14.2.1 Lightweight commercial vehicles (LCVs)
         13.14.2.2 Heavy commercial vehicles (HCVs)
      13.14.3 Off-Road Vehicles
   13.15 Basis Point Share (BPS) Analysis By Vehicle Type
   13.16 Absolute $ Opportunity Assessment By Vehicle Type
   13.17 Market Attractiveness Analysis By Vehicle Type
   13.18 Asia Pacific Automotive Brake Fluid Market Size Forecast By Distribution Channel
      13.18.1 Master Distributors
      13.18.2 Warehouse Distributors
      13.18.3 Auto Parts Stores
      13.18.4 Others
   13.19 Basis Point Share (BPS) Analysis By Distribution Channel
   13.20 Absolute $ Opportunity Assessment By Distribution Channel
   13.21 Market Attractiveness Analysis By Distribution Channel
Chapter 14 China Automotive Brake Fluid Analysis and Forecast
   14.1 Introduction
   14.2 China Automotive Brake Fluid Market Size Forecast By Product Type
      14.2.1 Castor oil-based (pre-DOT,DOT 2)
      14.2.2 Glycol-based (DOT 3,4,5.1)
      14.2.3 Silicone-based (DOT 5)
   14.3 Basis Point Share (BPS) Analysis By Product Type
   14.4 Absolute $ Opportunity Assessment By Product Type
   14.5 Market Attractiveness Analysis By Product Type
   14.6 China Automotive Brake Fluid Market Size Forecast By Fluid Type
      14.6.1 Petroleum Based
      14.6.2 Non-Petroleum Based
   14.7 Basis Point Share (BPS) Analysis By Fluid Type
   14.8 Absolute $ Opportunity Assessment By Fluid Type
   14.9 Market Attractiveness Analysis By Fluid Type
   14.10 China Automotive Brake Fluid Market Size Forecast By Vehicle Type
      14.10.1 Passenger vehicles (PVs)
         14.10.1.1 Hatchbacks
         14.10.1.2 Sedans
         14.10.1.3 Multi-purpose vehicles (MPVs)
         14.10.1.4 Sport utility vehicles (SUVs)
      14.10.2 Commercial vehicles (CVs)
         14.10.2.1 Lightweight commercial vehicles (LCVs)
         14.10.2.2 Heavy commercial vehicles (HCVs)
      14.7.3 Off-Road Vehicles
   14.11 Basis Point Share (BPS) Analysis By Vehicle Type
   14.12 Absolute $ Opportunity Assessment By Vehicle Type
   14.13 Market Attractiveness Analysis By Vehicle Type
   14.14 China Automotive Brake Fluid Market Size Forecast By Distribution Channel
      14.14.1 Master Distributors
      14.14.2 Warehouse Distributors
      14.14.3 Auto Parts Stores
      14.14.4 Others
   14.15 Basis Point Share (BPS) Analysis By Distribution Channel
   14.16 Absolute $ Opportunity Assessment By Distribution Channel
   14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Latin America Automotive Brake Fluid Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Automotive Brake Fluid Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Automotive Brake Fluid Market Size Forecast By Product Type
      15.6.1 Castor oil-based (pre-DOT,DOT 2)
      15.6.2 Glycol-based (DOT 3,4,5.1)
      15.6.3 Silicone-based (DOT 5)
   15.7 Basis Point Share (BPS) Analysis By Product Type
   15.8 Absolute $ Opportunity Assessment By Product Type
   15.9 Market Attractiveness Analysis By Product Type
   15.10 Latin America Automotive Brake Fluid Market Size Forecast By Fluid Type
      15.10.1 Petroleum Based
      15.10.2 Non-Petroleum Based
   15.11 Basis Point Share (BPS) Analysis By Fluid Type
   15.12 Absolute $ Opportunity Assessment By Fluid Type
   15.13 Market Attractiveness Analysis By Fluid Type
   15.14 Latin America Automotive Brake Fluid Market Size Forecast By Vehicle Type
      15.14.1 Passenger vehicles (PVs)
         15.14.1.1 Hatchbacks
         15.14.1.2 Sedans
         15.14.1.3 Multi-purpose vehicles (MPVs)
         15.14.1.4 Sport utility vehicles (SUVs)
      15.14.2 Commercial vehicles (CVs)
         15.14.2.1 Lightweight commercial vehicles (LCVs)
         15.14.2.2 Heavy commercial vehicles (HCVs)
      15.14.3 Off-Road Vehicles
   15.15 Basis Point Share (BPS) Analysis By Vehicle Type
   15.16 Absolute $ Opportunity Assessment By Vehicle Type
   15.17 Market Attractiveness Analysis By Vehicle Type
   15.18 Latin America Automotive Brake Fluid Market Size Forecast By Distribution Channel
      15.18.1 Master Distributors
      15.18.2 Warehouse Distributors
      15.18.3 Auto Parts Stores
      15.18.4 Others
   15.19 Basis Point Share (BPS) Analysis By Distribution Channel
   15.20 Absolute $ Opportunity Assessment By Distribution Channel
   15.21 Market Attractiveness Analysis By Distribution Channel
Chapter 16 Middle East & Africa (MEA) Automotive Brake Fluid Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Automotive Brake Fluid Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Automotive Brake Fluid Market Size Forecast By Product Type
      16.6.1 Castor oil-based (pre-DOT,DOT 2)
      16.6.2 Glycol-based (DOT 3,4,5.1)
      16.6.3 Silicone-based (DOT 5)
   16.7 Basis Point Share (BPS) Analysis By Product Type
   16.8 Absolute $ Opportunity Assessment By Product Type
   16.9 Market Attractiveness Analysis By Product Type
   16.10 Middle East & Africa (MEA) Automotive Brake Fluid Market Size Forecast By Fluid Type
      16.10.1 Petroleum Based
      16.10.2 Non-Petroleum Based
   16.11 Basis Point Share (BPS) Analysis By Fluid Type
   16.12 Absolute $ Opportunity Assessment By Fluid Type
   16.13 Market Attractiveness Analysis By Fluid Type
   16.14 Middle East & Africa (MEA) Automotive Brake Fluid Market Size Forecast By Vehicle Type
      16.14.1 Passenger vehicles (PVs)
         16.14.1.1 Hatchbacks
         16.14.1.2 Sedans
         16.14.1.3 Multi-purpose vehicles (MPVs)
         16.14.1.4 Sport utility vehicles (SUVs)
      16.14.2 Commercial vehicles (CVs)
         16.14.2.1 Lightweight commercial vehicles (LCVs)
         16.14.2.2 Heavy commercial vehicles (HCVs)
      16.14.3 Off-Road Vehicles
   16.15 Basis Point Share (BPS) Analysis By Vehicle Type
   16.16 Absolute $ Opportunity Assessment By Vehicle Type
   16.17 Market Attractiveness Analysis By Vehicle Type
   16.18 Middle East & Africa (MEA) Automotive Brake Fluid Market Size Forecast By Distribution Channel
      16.18.1 Master Distributors
      16.18.2 Warehouse Distributors
      16.18.3 Auto Parts Stores
      16.18.4 Others
   16.19 Basis Point Share (BPS) Analysis By Distribution Channel
   16.20 Absolute $ Opportunity Assessment By Distribution Channel
   16.21 Market Attractiveness Analysis By Distribution Channel
Chapter 17 Competition Landscape
   17.1 Automotive Brake Fluid Market: Competitive Dashboard
   17.2 Global Automotive Brake Fluid Market: Market Share Analysis, 2019
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      17.3.1 Exxon Mobil Corporation
      17.3.2 China Petrochemical Corporation
      17.3.3 BASF SE
      17.3.4 Robert Bosch GmbH
      17.3.5 Honda Motor Co., Inc
      17.3.6 China FAW Group Co.,Ltd.
      17.3.7 DuPont
      17.3.8 Chevron Corporation
      17.3.9 Guangdong Delian Group Co., ltd.
      17.3.10 Clariant
      17.3.11 Kuwait Petroleum Corporation
      17.3.12 Knorr-Bremse AG
      17.3.13 Castrol Limited
      17.3.14 Motul
      17.3.15 China National Petroleum Corporation
      17.3.16 COPTON Technology Co.,Ltd
      17.3.17 Gulf Oil L.P.
      17.3.18 Prestone Products
      17.3.19 Lubrication Engineers
Key Segments Covered
By Product Types
  • Castor oil-based (pre-DOT, DOT 2)
  • Glycol-based (DOT 3,4,5.1)
  • Silicone-based (DOT 5)
By Fluid Types
  • Petroleum Based
  • Non-Petroleum Based
By Vehicle Types
  • Passenger vehicles (PVs)
    • Hatchbacks
    • Sedans
    • Multi-purpose vehicles (MPVs)
    • Sport utility vehicles (SUVs)
  • Commercial vehicles (CVs)
    • Lightweight commercial vehicles (LCVs)
    • Heavy commercial vehicles (HCVs)
  • Off-Road Vehicles
By Distribution Channel
  • Master Distributors
  • Warehouse Distributors
  • Auto Parts Stores
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Iran
    • South Africa
    • Rest of Middle East & Africa

Key Market Players Profiled in the Report
  • BASF SE
  • Exxon Mobil Corporation
  • Chevron Corporation
  • China FAW Group Co., Ltd.
  • China National Petroleum Corporation
  • Robert Bosch GmbH
  • Lubrication Engineers
  • COPTON Technology Co., Ltd.
  • Guangdong Delian Group Co., ltd
  • China Petrochemical Corporation
  • Kuwait Petroleum Corporation
  • Honda Motor Co., Inc
  • Prestone Products
  • DuPont
  • Gulf Oil L.P.
  • Clariant
  • Motul
  • Castrol Limited
  • Knorr-Bremse AG
  • Others (On Request)

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, merchant distributors, local distributors, retailers, and end-users.

According to this Growth Market Reports report, the market from Automotive Brake Fluid is likely to register a CAGR of 2.0% during forecast period 2020-2027, with an anticipated valuation of USD 2,692.9 million by the end of the 2027.

In addition to market value (in USD Million) and market volume (in Thousand Liter), Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the value chain is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The demand for automotive brake fluids is growing with the increase in demand for vehicles in countries such as China and India are expected to drive growth in the automotive brake fluid market.

The market is expected to witness a decrease of over 9-12% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the Automotive Brake Fluid market.

The base year considered for the global Automotive Brake Fluid market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.

The key end users in the global Automotive Brake Fluid market include vehicle distributors, vehicle suppliers, vehicle rental companies, auto parts store companies and individual car owners.

Major Manufactures include BASF SE, Exxon Mobil Corporation, Chevron Corporation, China FAW Group Co., Ltd., DuPont, Gulf Oil L.P. and others.