Market New Research Automotive Power Steering Fluid Market Size, Share

Automotive Power Steering Fluid Market
Size, Share and Consumption Analysis
Report 2025 by Million Insights
“Power steering fluid with stop leak condition protects and seals
power steering pumps from failure due to the foaming,
oxidation, and wear. Numerous fluids are either synthetic oil or
mineral oil that is mixed with additives to overwhelm foaming,
advance lubrication, and prevent corrosion in the power steering
gear and steering pump.”
Global Automotive Power Steering Fluid Market is expected to grow at a significant CAGR of 10.16% in the upcoming
period as the scope and its applications are rising enormously across the globe. Automotive power steering fluid keeps
power systems clean, maximize power steering life, increase oil life, and operations smoothly. It is produced with high-
quality base oil and enhanced additive package for excellent performance.
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Power steering fluid with stop leak condition protects and seals power steering pumps from failure due to the foaming,
oxidation, and wear. Numerous fluids are either synthetic oil or mineral oil that is mixed with additives to overwhelm
foaming, advance lubrication, and prevent corrosion in the power steering gear and steering pump.
The factors that are playing a major role in the growth of market are capacity to transfer the power efficiently, ease of
taking hard and long turns using minimum power, and advantage of synthetic oil-based power steering fluids.
However, the presence of alternatives and the rise of steer-by-wire technology are the factors that may restrain overall
market growth in the years to come. Automotive power steering fluid market is segmented based on fluid type, vehicle
type, application, and region.