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In 2023, the automotive coolant market was worth 7.13 billion USD. With a predicted CAGR (compound annual growth rate) of 5.00% from 2024 to 2031, the automotive coolant business is expected to expand from $7.69B in 2024 to $10.49B by 2031. The industry is being propelled by rising production of automobiles in both developing and developed economies, as well as ongoing investments in research and development to create goods that are more affordable, less harmful to the environment, and less toxic overall.
Coolant, which can be either a gas or a liquid, is a substance that regulates or lowers the temperature of a system. For optimal performance, the automobile system makes use of a blend of propylene glycol, ethylene, and water. To keep the engine from getting too hot, you can use this fluid. By absorbing and dissipating heat via the radiator, automotive coolant controls the interior temperature of the vehicle. Overheating of the metal parts causes the engine to fail due to excessive use and impurity contamination. Additionally, it aids in lowering the frequency of car maintenance and repairs.
Factors such as the proliferation of manufacturers and the increasing number of new vehicle registrations are fueling the rapid expansion of the worldwide automotive coolant industry. Another important driver of the economy is the government's stringent regulation of anti-freezing disposal and recycling practices, which has compelled manufacturers to incorporate coolant into their products. But the inability to regulate temperatures in harsh environments and the ever-changing cost of raw materials needed to make coolants are limiting factors in the expansion of the automotive coolant industry. Nevertheless, market participants may soon have an opportunity because to automotive coolant's excellent endurance, ability to remain at high speed for longer periods of time, and low friction. Nonetheless, market participants may soon have an opportunity to capitalize on improvements to the automotive sector, such as the ability to maintain a high speed for extended periods of time, increased durability, etc.
With an emphasis on the worldwide market trend research, the "Global Automotive Coolant Market Analysis to 2031" provides a detailed and expert examination of the chemical and materials sector. The purpose of this research is to offer a synopsis of the global automotive coolant market by breaking it down into submarkets defined by material, type, end-user industry, and region. Throughout the projected timeframe, the worldwide automotive coolant market is anticipated to experience robust expansion. significant statistics on the market status of the top companies in the automotive coolant industry, as well as significant trends and opportunities, are presented in the report.
Demand for ethylene glycol is on the rise in the automotive industry, which is propelling the automotive coolant market to a higher CAGR. Engines powered by ethylene are protected from freezing in the winter and scorching in the summer by ethylene glycol, thanks to its much lower melting point compared to water. There are promising prospects for the growth of the automotive coolant market due to the widespread usage of ethylene glycol in vehicle engines for the purpose of absorbing combustion heat.
The automotive coolant market is seeing growth as more and more car manufacturers introduce innovative brands and products to cater to consumers' unique needs in terms of coolant and lubricant solutions. Numerous original equipment manufacturers (OEMs) are establishing production units or increasing their sales and dealership networks around the nation, either directly or via joint ventures with introduced players, because to the country's liberal foreign direct investment (FDI) regulations.
For example, ExxonMobil's finalized corporate plans were announced in December 2021. These plans include increasing spending on greenhouse gas emission-reduction assignments to USD 15 billion over the next six years, while also maintaining a disciplined capital acquisition strategy in its industry-leading portfolio. Furthermore, the rising use of HVAC equipment in manufacturing sectors is anticipated to have a beneficial effect on market growth. Consequently, the aforementioned elements are anticipated to propel the market size throughout the anticipated timeframe. Certain obstacles and limitations will impede the expansion of the market.
Report Coverage
Global Automotive Coolants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Coolants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Coolants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Coolants market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Coolants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Coolants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Valvoline (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), TotalEnergies (France), Chevron Corporation (U.S.), Shell Plc (U.K.), OLD WORLD INDUSTRIES (U.S.), Prestone Products Corporation (U.S.), Arteco (U.S.), Recochem Corporation (Canada), MOTUL (France), BP PLC (U.K.), Chevron Corporation (U.S.), Valvoline Inc. (U.S.), Sinopec (China), Castrol Limited (U.K.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Coolants market based on the below-mentioned segments:
Global Automotive Coolants Market, By Product
Ethylene Glycol
Propylene Glycol
Glycerine
Global Automotive Coolants market, By Technology
Inorganic Acid Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Global Automotive Coolants Market, By End User
Original Equipment Manufacturer (OEM)
Automotive Aftermarket
Global Automotive Coolants market, Regional Analysis
Coolant, which can be either a gas or a liquid, is a substance that regulates or lowers the temperature of a system. For optimal performance, the automobile system makes use of a blend of propylene glycol, ethylene, and water. To keep the engine from getting too hot, you can use this fluid. By absorbing and dissipating heat via the radiator, automotive coolant controls the interior temperature of the vehicle. Overheating of the metal parts causes the engine to fail due to excessive use and impurity contamination. Additionally, it aids in lowering the frequency of car maintenance and repairs.
Factors such as the proliferation of manufacturers and the increasing number of new vehicle registrations are fueling the rapid expansion of the worldwide automotive coolant industry. Another important driver of the economy is the government's stringent regulation of anti-freezing disposal and recycling practices, which has compelled manufacturers to incorporate coolant into their products. But the inability to regulate temperatures in harsh environments and the ever-changing cost of raw materials needed to make coolants are limiting factors in the expansion of the automotive coolant industry. Nevertheless, market participants may soon have an opportunity because to automotive coolant's excellent endurance, ability to remain at high speed for longer periods of time, and low friction. Nonetheless, market participants may soon have an opportunity to capitalize on improvements to the automotive sector, such as the ability to maintain a high speed for extended periods of time, increased durability, etc.
With an emphasis on the worldwide market trend research, the "Global Automotive Coolant Market Analysis to 2031" provides a detailed and expert examination of the chemical and materials sector. The purpose of this research is to offer a synopsis of the global automotive coolant market by breaking it down into submarkets defined by material, type, end-user industry, and region. Throughout the projected timeframe, the worldwide automotive coolant market is anticipated to experience robust expansion. significant statistics on the market status of the top companies in the automotive coolant industry, as well as significant trends and opportunities, are presented in the report.
Demand for ethylene glycol is on the rise in the automotive industry, which is propelling the automotive coolant market to a higher CAGR. Engines powered by ethylene are protected from freezing in the winter and scorching in the summer by ethylene glycol, thanks to its much lower melting point compared to water. There are promising prospects for the growth of the automotive coolant market due to the widespread usage of ethylene glycol in vehicle engines for the purpose of absorbing combustion heat.
The automotive coolant market is seeing growth as more and more car manufacturers introduce innovative brands and products to cater to consumers' unique needs in terms of coolant and lubricant solutions. Numerous original equipment manufacturers (OEMs) are establishing production units or increasing their sales and dealership networks around the nation, either directly or via joint ventures with introduced players, because to the country's liberal foreign direct investment (FDI) regulations.
For example, ExxonMobil's finalized corporate plans were announced in December 2021. These plans include increasing spending on greenhouse gas emission-reduction assignments to USD 15 billion over the next six years, while also maintaining a disciplined capital acquisition strategy in its industry-leading portfolio. Furthermore, the rising use of HVAC equipment in manufacturing sectors is anticipated to have a beneficial effect on market growth. Consequently, the aforementioned elements are anticipated to propel the market size throughout the anticipated timeframe. Certain obstacles and limitations will impede the expansion of the market.
Report Coverage
Global Automotive Coolants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Coolants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Coolants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Coolants market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Valvoline (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), TotalEnergies (France), Chevron Corporation (U.S.), Shell Plc (U.K.), OLD WORLD INDUSTRIES (U.S.), Prestone Products Corporation (U.S.), Arteco (U.S.), Recochem Corporation (Canada), MOTUL (France), BP PLC (U.K.), Chevron Corporation (U.S.), Valvoline Inc. (U.S.), Sinopec (China), Castrol Limited (U.K.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Coolants Market from 2021 to 2031.
- Market Forecast for Automotive Coolants Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Coolants competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Coolants
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Coolants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Coolants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Valvoline (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), TotalEnergies (France), Chevron Corporation (U.S.), Shell Plc (U.K.), OLD WORLD INDUSTRIES (U.S.), Prestone Products Corporation (U.S.), Arteco (U.S.), Recochem Corporation (Canada), MOTUL (France), BP PLC (U.K.), Chevron Corporation (U.S.), Valvoline Inc. (U.S.), Sinopec (China), Castrol Limited (U.K.)
Primary Target Market
- Market Players of Automotive Coolants
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Coolants market based on the below-mentioned segments:
Global Automotive Coolants Market, By Product
Ethylene Glycol
Propylene Glycol
Glycerine
Global Automotive Coolants market, By Technology
Inorganic Acid Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Global Automotive Coolants Market, By End User
Original Equipment Manufacturer (OEM)
Automotive Aftermarket
Global Automotive Coolants market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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