Automotive Engine Oil Coolant Market Analysis 2018 By Global Top Companies: MAHLE, Castrol, Titanx Engine Cooling, PWR, Dana, Fluidyne Control, Chevron Corporation, Setrab, Blue Star Lubrication Technology, Royal Dutch Shell, Amsoil, and Valvoline

Automotive Engine Oil Coolant Market to be threatened by Emergence of Organic Coolants. The global automotive engine coolant market is slated to grow at a CAGR of 11% over the forecast period of 2017 to 2023, reveals a research report by Market Research Future (MRFR). This healthy growth can be attributed to the increasing number of vehicles being used over the years. The number of registered trucks, buses, commercial cars as well as personal cars has grown significantly. Meanwhile, the price of oil has also escalated.  Constant use of vehicles leads to the emission of heat and carbon dioxide and also reduces the fuel efficiency. Automotive engine coolants offer the advantages of temperature control and protection against friction and heat. Automotive engine oil coolants experience high demand to reduce energy loss in vehicles and enhance fuel efficiency. Moreover, stringent regulations pertaining to emissions of carbon dioxide prompt vehicle manufacturers to develop advanced technological solutions which meet the emission standards which, in turn, help in the expansion of the market.

Competitive Landscape:

The global automotive engine coolants market is highly competitive and organized. The players functioning in the market include MAHLE GmbH (Germany), Castrol (U.K.), Titanx Engine Cooling, Inc. (U.S.), PWR Holdings (Australia), Dana Incorporated (U.S.), Fluidyne Control Systems (P) Ltd (India). Other players include Chevron Corporation (U.S.), Setrab (U.S.), Blue Star Lubrication Technology LLC (U.S.), Royal Dutch Shell (U.K.), Amsoil Inc. (U.S.), and Valvoline (U.S.) among others.

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Engine oil coolants not only assist in heat absorption but also helps in increasing life of vehicles and reducing maintenance and repair costs. These advantages help to boost the market for engine oil coolants significantly. Additionally, increased demand for engine oil coolants from logistics companies, commercial car providers, ambulances and other fleet operators where vehicles remain functional for extended hours have also aided the growth of the market. Increasing popularity of lightweight and compact engine oil coolants coupled with rising awareness among vehicle owners to use engine oil coolants has been a critical influencer of the market growth. However, the market growth might be threatened by organic engine coolants which offer the added advantage of being silicate and phosphate free and reduce the harmful effect on the environment.

Segmentation:

The global automotive engine oil coolant market has been segmented based on Type, Cooling Mechanism, Function, End Market, and Vehicle Type. By type, the market has been segmented into Synthetic Engine Oil Coolant, Organic Engine Oil Coolant, and Hybrid Engine Oil Coolant. Under the type segment, the synthetic oil coolant sub-segment is expected to grow at the fastest rate while the hybrid sub-segment is most popular. By cooling mechanism, the market has been segmented into Air Cooled, Water Cooled, and Liquid Cooled. By function, the market has been segmented into Engine Cooling and Engine Corrosion Prevention. By end-market, the market has been segmented into By End Market OEM (Original Equipment Manufacturers) and After Market. By vehicle type, the market has been segmented into Passenger Car and Commercial Car.

Regional Analysis:

The key markets of the global automotive engine oil coolant market include North America, Asia-Pacific, Europe, and the Rest of the World. A high number of individual car ownership, especially large SUVs and sedans make North America the largest market for automotive engine oil coolant. Asia-Pacific has witnessed a significant rise in ownership of bigger and powerful vehicles due to increase in disposable income in the region which has favored the growth of the market. The Europe market is also well consolidated as Europe has few of the most potent automakers in the world which aggravates the demand for engine oil coolants.

Industry Updates:

In May 2018, Valvoline, a leading supplier of premium engine coolants and automotive services announced setting up of a new plant in China. The company will invest approximately USD 70 million in the new plant located at Zhangjiagang and would begin operations by the end of 2020.

List of Tables:

TABLE 1 GLOBAL AUTOMOTIVE ENGINE OIL COOLANT MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA AUTOMOTIVE ENGINE OIL COOLANT MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE AUTOMOTIVE ENGINE OIL COOLANT MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC AUTOMOTIVE ENGINE OIL COOLANT MARKET: BY COUNTRY, 2017-2023

TABLE 5 ROW AUTOMOTIVE ENGINE OIL COOLANT MARKET: BY COUNTRY, 2017-2023

TABLE 6 GLOBAL AUTOMOTIVE ENGINE OIL COOLANT MARKET, BY TYPES, BY REGIONS, 2017-2023

TABLE 7 NORTH AMERICA AUTOMOTIVE ENGINE OIL COOLANT MARKET, BY TYPES, BY COUNTRY, 2017-2023

TABLE 8 EUROPE AUTOMOTIVE ENGINE OIL COOLANT MARKET, BY TYPES, BY COUNTRY, 2017-2023

TABLE 9 ASIA PACIFIC AUTOMOTIVE ENGINE OIL COOLANT MARKET BY TYPES, BY COUNTRY, 2017-2023

TABLE 10 ROW AUTOMOTIVE ENGINE OIL COOLANT MARKET BY TYPES, BY COUNTRY, 2017-2023

Continued…

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL AUTOMOTIVE ENGINE OIL COOLANT MARKET SHARE, BY APPLICATION, 2016 (%)

FIGURE 9 GLOBAL AUTOMOTIVE ENGINE OIL COOLANT MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

FIGURE 10 GLOBAL AUTOMOTIVE ENGINE OIL COOLANT MARKET SHARE, BY END MARKETS, 2016 (%)

Continued…

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