Automotive Coolant Market Global Industry Size, Share, Competitive Landscape, Growth Factor, and Key Players Analysis From 2018 To 2023

Automotive Coolant Market appears to be competitive with the presence of several large and small players operating in the Automotive Coolant Market. These Key players compete based upon pricing, quality, Technology and reputation. Automotive Coolant market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

Automotive Coolant Market Companies Analyzed in report are:

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) and British Petroleum (UK).

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Automotive Coolant Market 2018: Global Industry Analysis To 2023 report expands Global Automotive Coolant Market Size, Share, upcoming Trends, Growth and Key Players Outlook By Product Type (Ethylene Glycol, Propylene Glycol and Glycerin), By Technology (Inorganic Acid, Organic Acid and Hybrid Organic Acid), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), by End Market (OEMs and Aftermarket) and By Region - Global Forecast To 2023.

Global Automotive Coolant Market Overview:

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.

Automotive coolant is a substance, which flows in the automotive engine in the form of liquid or gas to remove excess heat from the engine and keeps it cool. Coolants are used in almost all automobiles, from small engine to heavy engine vehicles. Also, the coolant helps in maintaining the fuel consumption rate and enhance the average per mile. The global automotive coolant market is largely benefiting by the rise in the number of both passenger and commercial vehicles. During the last couple of years, the demand of passenger vehicles such as, cars, vans, SUVs, two wheelers and three wheelers, have grown at a rapid pace.

Additionally, the sales of commercial vehicles have also mounted. Owing to these factors, the demand for coolants in automotive is likely to increase in the future. Other factors that are helping in driving the global market are stringent regulatory framework with respect to antifreeze disposal & recycling by the government, which has also propelled the manufacturers to adopt coolants in automotive industry. Moreover, regulations from Department of Environmental Quality, and latest standards from ASTM International have also boosted the demand for coolants in automotive industry. On the other hand, the fluctuating prices of coolant raw materials, and limitations in extremely frigid temperatures, hinder the growth of coolant market. Furthermore, the rising adoption of propylene glycol-based coolants in automotive, has become a major market trend.

Automotive Coolant Market Competitive Analysis:

The report also considers key trends that will impact the industry and profiles of leading suppliers of Automotive Coolant market. Some of the top companies mentioned in the report are Autoliv Inc. (Sweden), Delphi Automotive (UK), Daicel Corporation (Japan), Takata Corporation (Japan). Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

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Automotive Coolant Market Segments:

For the purpose of this study, the global automotive coolant market has been divided, based on product type, technology, vehicle types, end market and regions. On the basis of product type, the market has been segmented as ethylene glycol, propylene glycol and glycerin. The technology segment has been segmented as inorganic acid, organic acid and hybrid organic acid. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. The end market segments are OEMs and aftermarket.

Automotive Coolant Market Regional 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 in these countries, is very high. 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 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.

Target Audience of Report: This report mainly focuses on Automotive Coolant Market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Coolant Market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Coolant Market studied.

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