Automotive Brake Fluid Market (Fluid Types - Petroleum and Non-petroleum; Vehicle Type - Passenger Cars, Utility Vehicles, SUVs, Motorcycles, Trucks and Buses, Trailers; Product Type - Into Castor Oil-based (Pre-DOT, DOT 2), Glycol-based (DOT 3, 4, 5.1) and Silicone-based (DOT 5)): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global automotive brake fluid market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 03/25/2019 -- The Automotive Brake Fluid Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the automotive brake fluid market.
Infinium Global Research's report covers the annual growth of the Global automotive brake fluid market. It also includes chapters on the Global automotive brake fluid industry trends, geographic analysis, industry analysis, global product intelligence and competitive landscape.
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The top key players included in the automotive brake fluid market report are BASF, Castrol, Robert Bosch GmbH, Total S.A., Dow Automotive Systems, Delian Group, Pentosin, Exxon Mobil, Copton, Shenzhen Pingchi Industry Co and FAW Group Corporation. and Shell.
The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Automotive Brake Fluid Market: Insight
Brake fluid is a liquid used in hydraulic brake and hydraulic clutch application. 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.
Prestone Philippines Enters the Motor Oil Market
The brand knew the world over for their brake fluid and coolant is now also offering their own line of motor oils for gasoline and diesel engines. Introducing the all-new Prestone G-Tech and D-Tech line of motor oils. Available in 1-liter and 4-liter sizes, Prestone's new line of motor oils meet stringent requirements across the globe and can be used in both old and new types of engines.
First up is the G-Tech range of motor oils suited for gasoline-powered motors. G-Tech Advance serves as the brand's mineral & synthetic blend and is rated at 10W-40. It uses a hydrocracked base oil with a core additive for better engine performance. It also improves piston cleanliness, increases engine sludge protection, delivers better fuel efficiency and lower oil consumption on naturally-aspirated and turbocharged engines.
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Increasing Engine Sludge Protection, Deliver Better Fuel Efficiency and Lower Oil Consumption Boost the Market Growth
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. 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.
Asia Pacific Region to Dominate the Global 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.
The Leading Key Players in Automotive Brake Fluid Market:
- Dow Automotive Systems
- Shenzhen Pingchi Industry Co.
- FAW Group Corporation
- Delian Group
- Valvoline, Shell.
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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 type and applications segments to analyze the trends,
developments, and forecast of market size up to 2024.
- 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.