my country’s car ownership shows a growing trend, which is good for the development of the automotive brake fluid industry

Automotive brake fluid, also known as force oil and brake oil, is the liquid medium that transmits braking pressure in the hydraulic braking system and is an indispensable part of the braking system. Automobile brake fluid has the functions of heat dissipation, anti-corrosion, incompressibility, lubrication, and anti-rust. It is mainly divided into three types: castor oil-alcohol type, synthetic type, and mineral oil type. Among them, synthetic brake fluid is the mainstream product in the market.

Brake fluid is mainly used in automobile braking systems. With the continuous updating of automobile technology in recent years, especially the development of electronic technology, the number of automatic automobile systems, such as ABS, BAS, RSC, and ESP, has increased. The demand for brake fluid has increased. And the performance requirements for brake fluids are also constantly increasing. In the future, the brake fluid industry will gradually develop in a high-end direction.

According to the “China Automotive Brake Fluid Industry Market In-depth Research and Development Prospects Forecast Report 2022-2026” released by the Industrial Research Center , with the rapid development of my country’s automobile manufacturing industry and the improvement of residents’ living standards, the demand for cars has increased, and my country’s car ownership has grown steadily, reaching 302 million vehicles in 2021. Benefiting from the development of the new energy vehicle industry, my country’s automobile production and sales have rebounded. From January to March 2022, my country’s automobile production and sales were 6.484 million units and 6.509 million units respectively, a year-on-year increase of 2.0% and 0.2% respectively. In the future, the number of cars will continue to show an upward trend, which will drive the demand for brake fluid to rise. The number of cars owned per 1,000 people in my country is about 162, but the number has reached 840 in the United States and 700 in Italy. Compared with developed countries such as Europe and the United States, my country’s car ownership still has room for improvement, and the brake fluid market has huge development potential in the future.

With the development of the automobile industry and the country’s increased emphasis on safety, automobiles have increased requirements for brake fluids, and the brake fluid industry has gradually developed in a high-end direction. In terms of production, domestic brake fluids mainly use alcohol ether borate ester technology. Silicone and silicone brake fluid technologies are rarely used. The development of new technologies is extremely important in the future.

In China, there are currently about 80 motor vehicle brake fluid manufacturers, with an annual output of about 36,000 tons. Although there are many brake fluid manufacturers in my country and their output is relatively high, most of their products are at the low end of the specialized spectrum, which is not conducive to environmental protection and is detrimental to automobile braking systems. Most of my country’s brake fluid manufacturers are lubricant companies, and most of them are small in scale, which is not conducive to brake fluid product innovation. There is a lack of professional brake fluid manufacturers in the market.

Industry analysts said that automobile brake fluid is mainly used in automobile braking systems to provide lubrication, anti-rust, heat dissipation, etc. Function: With the upgrading of the automobile industry, the number of braking systems has increased, and the demand for brake fluid has increased. The development of the automotive brake fluid industry is related to car ownership. In recent years, my country’s car ownership has shown a slow growth trend. There is still room for growth in the future, which is good for the development of the brake fluid industry. In terms of production, compared with lubricants, the brake fluid market space is smaller, the scale of companies in the market is smaller, and there is a lack of professional production companies, resulting in poor product innovation capabilities and hindering industry development.