Press release
Covid-19 Analysis on Automotive Coolant Market: Size, Share, Industry Segments, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2025
The top players operating in the global automotive coolant market are listed as Total S.A (France), Valvoline LLC (US), Exxon Mobil Corp (US), Castrol Limited (UK), Sinopec Lubricant Company (China), Royal Dutch Shell plc (The Netherlands), Sinclair Oil Corporation (US), Ashland (US), and British Petroleum (UK).
Get a Free Sample Now@ https://www.marketresearchfuture.com/sample_request/4666
Industry Insight
Market Research Future has recently published new research that provides detailed insights on the working dynamics of the global automotive coolant market 2020 over impact analysis on COVID-19. The global retail ready packaging market will reflect an average 5.33% CAGR, in terms of volume, during the forecast period (2018-2025), as stated by a recent report. The report estimates the market to surpass USD 1091.1 Million in revenues that were gained in 2018.
Top Impacting Factors
Demand for automotive coolants is probable to amplify during the assessment period owing to the factors such as extensive usage of vehicles and the consumption of automotive coolants depending on the distance traveled by a vehicle. Consequently, the rising high dependency of society on vehicles is likely to boost the automotive coolant market in the future. With this, the rising production of vehicles is another major factor fuelling the consumption of automotive coolants at a momentous pace.
MRFR also finds that in support of significant growth in research activities in the chemical industry, engine coolants have changed the material composition. Various companies have successfully designed coolants following technologies—Organic Acid Technology (OAT), Inorganic Acid Technology (IAT), and Hybrid Organic Acid Technology (HOAT), which has created more opportunities to flourish in the market in the approaching years.
To add further, the study signs that automobile manufacturers are now actively occupied in bringing newer brands and products for presenting customized coolant and lubricant solutions for customers. This has resulted in expanding the automotive coolant market share to a great extent. In the case of point, in the year 2019, Maruti Suzuki launched its Ecstar brand of coolants, car care, and lubricant products in India. The strategy enabled the company to offer a diversified range of products for its customers to compel sales and increase its market share.
On the contrary, the factor of rising adoption of electric vehicles has shown the possibility to bring threats to the currently surging automotive coolant market, as different coolants are employed in electric vehicles, therefore, in order to manage the temperature of the power train of an electric vehicle has become fierce.
Segmentation of Market: Automotive Coolant
The automotive coolant market based on segmentation study includes product type, application, and end-use industry.
Depending on the product type segment, the market has included propylene glycol, ethylene glycol, and glycerine.
Depending on the technology segment, the market has been classified into organic acid, inorganic acid, and hybrid organic acid.
Depending on the application segment, the market has been categorized into OEMs and aftermarket.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automotive-coolant-market-4666
Regional Outlook
The global automotive coolant market, by region, has been segregated into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Asia-Pacific might be the largest regional market in the global automotive coolant market during the forecast period. The developing countries in this region, such as India, China, Taiwan, and Myanmar, are steadily adopting the latest versions of automobiles. Thus, a rise in the production of automotive coolant owing to high consumption is likely to propel the expansion of the automotive coolant market during the forecast period. As recorded in MRFR’s study, back in 2018, China manufactured 23.5 million units of passenger cars. As claimed by the China Association of Automobile Manufacturers, commercial vehicles augmented by 5.05% in the same year. Thus, these factors are accepted to boost the demand for automotive coolants in Asia-Pacific
On the next lane, the stringent regulations in the regions of Europe and North America have obligated the manufacturers to shift toward emerging economies, where they are provided with flexible policies and better manufacturing amenities, namely inexpensive labor and availability of raw materials at low costs. The existence of a high number of automotive industries in this region is an essential factor igniting the adoption of automotive coolant in the region.
North America is one more significant market after Europe in the global automotive coolant market. The utilization of automotive coolant in applications of after-market and high usage of rented vehicles motivates the demand for the product for the automotive coolant market during the review period.
In the last, Latin America and the Middle East & Africa are also to register sensible growth in the automotive coolant market during the anticipated period owing to a rise in the number of automotive manufacturing plants. It is recorded that in 2018, the sales of passenger vehicles were surged by 3.4% in Brazil, and 2.4% in Argentina. This resulted in propelling the growth of the market substantially in the region.
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Covid-19 Analysis on Automotive Coolant Market: Size, Share, Industry Segments, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2025 here
News-ID: 2089193 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for MRFR
Keeping Cool: The Booming Data Center Cooling Market | MRFR Reports
In today's digital world, data centers are the unsung heroes. These massive warehouses store and process the ever-growing mountain of information we create, from social media posts to complex scientific simulations. But all this computing power comes at a cost: heat. Just like any machine, data centers can overheat if not properly cooled, leading to malfunctions and even equipment failure. This is where the data center cooling market comes in.
Request…
Mobile Gaming Market: A Comprehensive Overview | MRFR Reports
Mobile gaming has become a ubiquitous part of modern entertainment, with millions of users around the world engaging in games on their smartphones and tablets. This booming industry has seen exponential growth in recent years, driven by advancements in mobile technology, widespread internet access, and the popularity of casual and immersive gaming experiences. In this article, we'll explore the market size of mobile gaming, key trends shaping its growth, challenges…
Solar Rooftop Market: A Comprehensive Analysis | MRFR Research
The solar rooftop market is proliferating on the global platform. The continually growing energy demand and wide adoption of solar rooftops in residential, commercial, infrastructural, and industrial sectors worldwide impact the market growth positively.
Besides, the development of solar parks, funding support for domestic cells & modules, and schemes for grid-connected solar rooftop manufacturing influence the market growth. Rise in solar panel installations and growing government initiatives for infrastructure…
Understanding the Contract Management Market: A Comprehensive Analysis | MRFR Re …
In the realm of business and commerce, managing contracts effectively is a crucial aspect that directly impacts organizational success and compliance. Contract management refers to the process of creating, negotiating, executing, and monitoring contracts between parties, such as businesses, suppliers, vendors, and clients. In this article, we will delve into the market size of contract management solutions, key trends driving their growth, challenges faced by businesses, and future prospects.
What is…
Exploring the Mobile Cobots Market: A Comprehensive Analysis | MRFR Reports
In the world of robotics and automation, mobile cobots have emerged as a revolutionary solution, combining the flexibility of mobility with the collaborative nature of robots. These mobile cobots, short for collaborative robots, are designed to work alongside humans in various industries, offering enhanced productivity, safety, and efficiency. In this article, we will delve into the market size of mobile cobots, key trends shaping their growth, challenges faced by the…
Understanding Enterprise Risk Management (ERM) Market Size | MRFR Reports
In today's rapidly changing business landscape, companies face a multitude of risks that can impact their operations, finances, and reputation. These risks can stem from various sources such as economic downturns, cybersecurity threats, regulatory changes, and natural disasters. To navigate these challenges effectively, organizations implement Enterprise Risk Management (ERM) strategies and solutions. The ERM market plays a crucial role in providing tools and frameworks for businesses to identify, assess, and…
