Automotive Coolant Global Market Report - Key Players (Exxon Mobil, Chevron, Royal Dutch Shell, British Petroleum, Petronas, Lukoil OAO, Sinopec, JX Holdings, Idemitsu Kosan Company etc.) 2014-2026
According to the report, the Automotive Coolant market is predicted to achieve USD 12,665 million by 2026. This report examines the status quo and projections of the global Automotive Coolant market and analyzes the Automotive Coolant market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
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.
The Automotive Coolant market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include:
Exxon Mobil
Chevron
Royal Dutch Shell
British Petroleum
Petronas
Lukoil OAO
Sinopec
JX Holdings
Idemitsu Kosan Company
The global automotive coolant market is highly dispersed among global and local participants. In the past, the competition in this market was mainly based on quality, availability, customer relationship and pricing, but R&D will play an important role in this market in the future. Major vendors in the market are currently expanding their customer base and increasing their investment in R&D to meet the growing need for efficient and effective engine cooling system.
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Value:
It is estimated that the total market value of the Automotive Coolant global market is poised to reach USD 12,665 million in 2026 from USD 10,626 million in 2019, with a CAGR of 2.54%.
Facilitating and Limiting Factors:
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 for passenger vehicles such as cars, vans, SUVs, two wheelers and three wheelers, have grown at a rapid pace. Other factors that are helping in driving the global market are a stringent regulatory framework with respect to antifreeze disposal & recycling by the government, which has also propelled the manufacturers to adopt coolants in the automotive industry. Moreover, regulations from the Department of Environmental Quality, and the latest standards from ASTM International have also boosted the demand for coolants in the automotive industry. Conversely, the fluctuating prices of coolant raw materials and limitations in extremely frigid temperatures may hinder the growth of the market.
One of the latest trends that will receive attention in the automotive coolant market in the next few years is the increasing popularity of propylene glycol-based coolants. Propylene glycol-based coolant can be mixed with any other coolant without any side effects. Propylene glycol also has better heat transfer and thermal conductivity. In addition, these coolants are less toxic than other coolants.
The global Automotive Coolant market is broadly divided based on type, application, and region:
By type - Ethylene Glycol, Propylene Glycol, Glycerin
The ethylene glycol will account for a significant share in the market. This can be attributed to the superior heat dispersion capabilities offered by the chemical. However, the requirement for appropriate disposal capabilities owing to highly toxic nature may limit this segment growth during the forecast timeframe.
By application - OEMs, Aftermarket, Others
The Aftermarket segment will showcase significant growth rate on account of increasing requirements for periodic vehicle services. In addition, the availability of various coolants from multiple manufacturers provides customers with a wide range of alternatives, thus expanding the market share of this segment within the forecast time frame.
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
In the region-wise outlook, the global automotive coolant market is categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The Asia Pacific has accounted for the largest market share in 2018, followed by Europe and North America, with a market share of 40.36%, 29.48%, and 26.31% respectively. The Asia-Pacific is estimated to be the major revenue contributor to the market by 2026. Growing middle-class population, rising disposable income, developing surface transportation infrastructure, growing aspiration of owning private vehicles, increasing mobility due to development of satellite townships near megacities and increasing demand of goods carriers from micro, small and medium-sized enterprises are fueling the market for automobile coolant in the Asia Pacific region. Furthermore, growing automotive aftermarket and do it yourself (DIY) culture in North America and Europe are fueling the growth of automobile coolant in these two regions.
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What Information does this report contain?
l The report covers the prediction and analysis of the global Automotive Coolant market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
Audience:
l Automotive Coolant manufacturers
l Automotive Coolant importers and exporters
l Automotive Coolant traders, distributors, and suppliers
l Raw material suppliers of Automotive Coolant
l Automotive Coolant industry associations
l Product managers, Automotive Coolant industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automotive Coolant Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Automotive Coolant Market by Types
4 Segmentation of Automotive Coolant Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automotive Coolant Market in Major Countries
7 North America Automotive Coolant Landscape Analysis
8 Europe Automotive Coolant Landscape Analysis
9 Asia Pacific Automotive Coolant Landscape Analysis
10 Latin America, Middle East & Africa Automotive Coolant Landscape Analysis
11 Major Players Profile
11.1 Exxon Mobil
11.1.1 Exxon Mobil Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Chevron
11.3 Royal Dutch Shell
11.4 British Petroleum
11.5 Petronas
11.6 Lukoil OAO
11.7 Sinopec
11.8 JX Holdings
11.9 Idemitsu Kosan Company
…
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