Automotive Brake Fluid Market To Reach USD 1.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
Fort Collins, Colorado, May 09, 2024 (GLOBE NEWSWIRE) -- The growing demand for automotive brake fluids has been encouraging in the past. Future projections indicate a preference for eco-friendly alternatives and sustainable oil products. The automotive brake fluid market is witnessing significant opportunities propelled by the growing emphasis on environmental sustainability. Manufacturers are directing their efforts towards developing eco-friendly and bio-based brake fluids to mitigate the environmental impact of vehicles. Bio-based brake fluids, sourced from renewable materials such as plant oils, emerge as a sustainable alternative to conventional petroleum-based fluids. The United States Department of Agriculture (USDA) has been actively supporting research and development endeavors in bio-based products, including automotive fluids, through its BioPreferred program. This initiative aims to boost the utilization of renewable agricultural materials and reduce dependence on pe
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