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Market Overview of Global Auto Brake Fluid market:
According to our latest research, the global Auto Brake Fluid market looks promising in the next 5 years. As of 2022, the global Auto Brake Fluid market was estimated at USD 1103.74 million, and it's anticipated to reach USD 1275.69 million in 2028, with a CAGR of 2.44% during the forecast years.
Automotive brake fluid generally refers to brake fluid, also known as brake oil or force oil, which is the liquid medium used to transmit brake pressure in the hydraulic brake system. When used in vehicles with hydraulic brake system, it has incompressibility and certain functions of corrosion prevention, rust prevention, heat dissipation, cooling and lubrication. The automobile brake fluid can directly transmit the pressure applied to the brake pedal to each wheel cylinder, and the wheel brake is pushed by the piston of the wheel cylinder to realize braking. The vehicle brake fluid products that meet the standard requirements must ensure that the vehicle running at high speed can brake effectively in time under extreme temperature, humidity and other weather conditions. Automobile brake fluid is divided into three types: castor oil-alcohol type, synthetic type and mineral oil type. It is used in a variety of commercial and passenger vehicle models, such as trucks, special vehicles, military vehicles, engineering vehicles, cars, SUVs, MPVs, racing cars and domestic pickup trucks.
Brake fluid plays a vital role in the automobile brake system. In recent years, with the continuous development and update of automobile technology, the application of some new automobile technologies, especially electronic technologies, directly involves the automobile braking system, ABS safety anti-lock, BAS automobile auxiliary braking, RSC vehicle rollover prevention, ESP body stability control system and other electronic control devices are all related to the uniform or distributable pressure of brake fluid, Therefore, the performance of brake fluid is an extremely important part of the whole vehicle safety system
Brake fluid plays a vital role in the automobile brake system. In recent years, with the continuous development and update of automobile technology, the application of some new automobile technologies, especially electronic technologies, directly involves the automobile braking system, ABS safety anti-lock, BAS automobile auxiliary braking, RSC vehicle rollover prevention, ESP body stability control system and other electronic control devices are all related to the uniform or distributable pressure of brake fluid, Therefore, the performance of brake fluid is an extremely important part of the whole vehicle safety system.
Region Overview:
In 2022, the market share of Europe will be 31.78%.
Company Overview:
Castrol
Castrol has designed a variety of products for various applications, including gear oil, hydraulic oil, engine oil, cleaner, molding fluid, grease, synthetic and pure cutting fluid, etc. The brand is also known for its innovation and performance. In addition to industry-leading products designed to optimize performance, Castrol also supports data-driven predictive maintenance and real environmental excellence, which helps to reduce energy consumption, reduce waste and significantly reduce carbon dioxide emissions
Exxon Mobil is one of the world's largest listed energy suppliers and chemical manufacturers, developing and applying next-generation technologies to help meet the world's growing demand for energy and high-quality chemical products safely and responsibly. ExxonMobil's competitive advantages include balanced investment portfolio, rigorous investment, high-impact technology, excellent operation and global integration
Castrol enterprises are one of the main players in the market, with a market share of 13.85% in 2022.
Segmentation Overview:
By type, the synthetic market segment will occupy the largest market share in 2021
Application Overview:
According to the application, the passenger car application market will occupy the largest market share in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Auto Brake Fluid market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Auto Brake Fluid Market Report:
Market Size Estimates: Auto Brake Fluid market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Auto Brake Fluid market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Auto Brake Fluid market
Segment Market Analysis: Auto Brake Fluid market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Auto Brake Fluid market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Auto Brake Fluid Market: Revenue and sales volume of major countries in each region
Auto Brake Fluid Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Auto Brake Fluid market in major regions.
Auto Brake Fluid Industry Value Chain: Auto Brake Fluid market raw materials & suppliers, manufacturing process, distributors, downstream customers
Auto Brake Fluid Industry News, Policies & Regulations
Key players in the global Auto Brake Fluid market are covered in Chapter 12:
Bendix
Tosol-Sintez
PetroChina lubricants
Exxon Mobile
Fuchs
Repsol
Delian
CCI
Caltex
Sinopec lubricants
DuPont
Castrol
Uniform Lubricant
Total
Valvoline
BASF
In Chapter 2 and Chapter 15.1, based on types, the Auto Brake Fluid market from 2018 to 2028 is primarily split into:
Castor oil-alcohol type
Synthetic type
Mineral oil type
In Chapter 3 and Chapter 15.2, based on applications, the Auto Brake Fluid market from 2018 to 2028 covers:
Commercial Vehicles
Passenger Vehicles
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Auto Brake Fluid market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028