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.
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.
Source: Secondary Sources and Global Info Research, 2021
According to the new market research report “Global Brake Fluid Market Report 2023-2029”, published by QYResearch, the global Brake Fluid market size is projected to reach USD 0.4 billion by 2029, at a CAGR of 3.8% during the forecast period.
Figure. Global Brake Fluid Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Brake Fluid Market Report 2023-2029.
Figure. Global Brake Fluid Top 5 Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Brake Fluid Market Report 2023-2029.
The global key manufacturers of Brake Fluid include BP, Exxon Mobil, Total, BASF, CCI, Chevron, Repsol, Fuchs, Dupont, Prestone, etc. In 2021, the global top five players had a share approximately 46.0% in terms of revenue.
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