Infinium Global Research has added
a new report on Automotive
Brake Fluid Market. The report
presents analysis of global as well as regional markets of automotive brake
fluid market over the period of 2018 to 2024. Brake fluid is a
liquid used in hydraulic brake and hydraulic clutch application. Brake fluids
are the 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 the 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. 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 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, 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. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global automotive brake fluid market
but also make strategic decisions to capture the most lucrative markets in the
near future. The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global automotive brake fluid market report
by clicking the following link, Use code IGRD15 to request the discount in the
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The recent report identified that
Asia Pacific dominated the global automotive brake fluid market over the last
couple of years, while emerging markets of Asia-Pacific and Latin America are
anticipated to contribute significantly to the growth in the automotive brake
fluid market worldwide.
The report segments the global
automotive brake fluid market on the basis of Fluid Types, Vehicle type and
Product type.
Global Automotive Brake Fluid
Market by Fluid Types
·
Petroleum
·
Non-petroleum
Global Automotive Brake Fluid
Market by Vehicle Type
·
Passenger Cars
·
Utility Vehicles
·
SUVs
·
Motorcycles
·
Trucks And Buses
·
Trailers
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)
Companies Profiled in the Report
·
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.
·
Shell
About Infinium Global Research
Infinium Global Research is a business
intelligence company that provides its clients with market information
services, solutions, and reports. The intelligence reports include qualitative
as well as quantitative information, which are blended using forecasting models
in order to project future market demand. Our panels of Subject Matter Experts
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provide you with detailed information on the market as well as a preview of its
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parameters of the market to provide you with an in-depth business intelligence
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