Automotive Coolant Market Research, Key Players, Growth Opportunities, Outlook and Forecasts Report by 2018-2023
360 MARKET UPDATES Report provides a 360-degree overview of the global Automotive Coolant Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Automotive Coolant Market – Growth, Trends, and Forecast (2018 – 2023)”
Global “Automotive Coolant Market” is expected to register a CAGR of approximately 6.4% during the forecast period of (2018 – 2023). Also, Automotive Coolant Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Automotive Coolant Analysis.
Automotive Coolant market Report provides a 360-degree overview of the global Automotive Coolant market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Automotive Coolant Market Report Covers Leading Manufacturers: Amsoil, BlueStar Lubrication Technology, Castrol, Chevron Corporation, Exxon Mobil, Valvoline, Voltronic, Total SA, Prestone, Royal Dutch Shell
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The global automotive coolant market is expected to register a CAGR of 6.40% during the forecast period, 2018 to 2023. Organic chemicals, such as Ethylene Glycol, Di-Ethylene Glycol, or Propylene Glycol can be used as coolants for automotive applications. Ethylene Glycol is the most preferred automotive coolant. But, ethylene glycol is highly toxic and requires careful disposal. Therefore, the coolant industries began manufacturing coolants that were less toxic. This trend culminated in the rise of propylene glycol coolants in the 2000s. The American Society for Testing and Material (ASTM), an international standard organization, published a standard D5216 in 2000, stating that propylene glycol is suitable for use as the engine coolant in cars and light commercial vehicles. However, ethylene glycol coolants still hold the major share in the market, as they have better properties, other than toxicity when compared to that of propylene glycol coolants. In the past few years, innovations in the automobile industry have increased the average lifespan of vehicles. This has led to an increase in the demand for coolants during maintenance and repair cycles. In addition, stringent emission norms imposed by the governments, an increase in the kilometers driven and increasing prices of conventional fuels have driven the market for automotive coolants. The Asia-Pacific (APAC) region accounts for a very large share of the automotive coolant market. Europe stands second, followed by North America. In recent years, the sales of passenger cars and commercial vehicles have rapidly increased in the APAC region, leading to an increased demand for coolants in this region.
Innovations in automotive coolants, especially for growing electric vehicles, is likely to be successful in the German market. It has been observed that some of the German scientists have developed Cryosolplus coolant that uses different chemicals, including, antifreeze, for cooling batteries in electric vehicles. Such inventions are expected to drive the growth of automotive antifreeze coolant products.
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Reasons to Purchase Automotive Coolant Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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