Press release
Automotive Coolant Market Is Predicted To Grow At A CAGR Of 7.65% By 2023
Market Highlights:The global automotive coolant market has experienced a remarkable growth over the past few years and it has been expected that the global market will retain the growth status during the forecast period. As per MRFR analysis, the global automotive coolant market is expected to grow at the CAGR of ~7.65% during the forecast period.
The global automotive coolant market has been largely influenced by the growth in the number of passenger cars and trucks, and government initiatives on reducing vehicles emissions. Additionally, the stringent regulatory framework with respect to antifreeze disposal & recycling by the government, has propelled the manufacturers to adopt coolants in automotive industry.
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Market Research Analysis:
Based on regions, the global automotive coolant market has been divided as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. In Asia Pacific, countries such as China, India, Japan, and Indonesia consume the highest number of passenger vehicles and commercial vehicles. As a result, the demand of coolants is very high in these counties. North America is the second leading region for automotive coolants. Presence of a large number of manufacturers and growing registration of new vehicles have driven the market. In Europe, it has been observed that, there has been a rise in the sales of new vehicles and used vehicles, which has augmented the demand for automotive coolants. Germany, UK and France are the leading countries in Europe, which have fuelled the growth of the market in Europe.
Key Players of Automotive Coolant Market:
• Total S.A (France)
• Castrol Limited (UK)
• Exxon Mobil Corp (US)
• Royal Dutch Shell plc (Netherlands)
• Sinopec Lubricant Company (China)
• Ashland (US)
• Sinclair Oil Corporation (US)
• Havoline (US)
• Chevron Corporation (US)
• British Petroleum (UK)
Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Coolant Market, By Product Type
4.1 Introduction
4.2 Ethylene Glycol
4.3 Propylene Glycol
4.4 Glycerin
Continue…
Scope of the Report:
This study provides an overview of the global Automotive Coolant market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Coolant market by product type, technology, vehicle type, end market and regions.
By Product Type
• Ethylene Glycol
• Propylene Glycol
• Glycerin
By Technology
• Inorganic Acid
• Organic Acid
• Hybrid Organic Acid
By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
By End Market
• OEMs
• Aftermarket
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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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.
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