City of Industry, CA -- (SBWIRE) -- 07/04/2018 -- This report studies the global Brake Fluid industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.

Brake fluid is a type of hydraulic fluid used in hydraulic brake and hydraulic clutch applications in automotive, motorcycles, light trucks, Agriculture Vehicles, off highway, motorsport, etc. It is used to transfer force into pressure, and to amplify braking force.

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The function of brake fluid is to provide an incompressible medium to transmit the driver's foot pressure on the brake pedal through the master cylinders to the calipers in order to clamp the friction material against the discs. The foot pressure is multiplied by the mechanical pedal ratio and the hydraulic ratio of the master cylinders, booster and caliper pistons.

In the last several years, global market of brake fluid developed smoothly, with an average growth rate of 3.65%. In 2016, global revenue of brake fluid is nearly 1593 M USD; the actual sales are about 20700 MT.

The global average price of brake fluid is in the decreasing trend, from 8008 USD/MT in 2012 to 7674 USD/MT in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The global Brake Fluid market is valued at 1650 million USD in 2017 and is expected to reach 2080 million USD by the end of 2025, growing at a CAGR of 3.0% between 2018 and 2025.

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This research report categorizes the China and global Brake Fluid market by type, end-use industry, and region.

International Manufacturers Covered

BP

Exxon Mobil

Total

Fuchs

CCI

BASF

Chevron

Dow

Repsol

Valvoline

Bendix

Morris

Bosch

DATEX

HKS

Granville

Gulf

Motul

China Local Manufacturers Covered

Sinopec Lubricant

CNPC

...

By Type

DOT 2

DOT 3

DOT 4

DOT 5

DOT 5.1

By Application

Automotive OEM

Automotive Aftermarket

By Region

United States

Europe

Japan

Korea

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