Automotive Coolant Market Segmentation, Challenges, Regional Analysis and Forecast 2022-2027

According to the latest report by IMARC Group, titled “Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on automotive coolant market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global automotive coolant market size reached US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.6% during 2022-2027.

Automotive coolant is a fluid that circulates through the engine and other parts of a vehicle to regulate temperature and prevent overheating. It is a mixture of water and a chemical additive that helps to prevent corrosion, freezing, and boiling. Coolant helps to transfer heat away from the engine and maintain a stable operating temperature, ensuring optimal performance and extending the life of the engine and other parts of the vehicle. Some common types of automotive coolants include ethylene glycol and propylene glycol.

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Market Trends:

The global market is majorly driven by the increasing production of vehicles. In line with this, the significant growth of the automotive industry, particularly in emerging markets, is positively influencing the demand for automotive coolant. Furthermore, advancements in engine technology have led to the development of more efficient and high-performance engines, which require specialized coolants to function optimally. This, in turn, is expected to create a positive outlook for the market. Apart from this, the rising government regulations aimed at reducing emissions and improving fuel efficiency are catalyzing the demand for more specialized automotive coolants. Moreover, the growing environmental concerns are accelerating the need for more environmentally friendly coolants, which is anticipated to propel the market expansion. Additionally, the expanding aftermarket for vehicle maintenance and repair is providing a boost to product adoption.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Total S.A
• ExxonMobil
• Castrol Limited
• British Petroleum
• Cummins Inc.
• Royal Dutch Shell
• BASF
• Chevron
• LUKOIL
• Motul S.A.
• Sinopec

Automotive Coolant Market Segmentation:

Our report has categorized the market based on region, product, type, application and end-user.

Breakup by Product:

• Ethylene Glycol
• Propylene Glycol
• Glycerin

Breakup by Type:

• Inorganic Acid
• Organic Acid
• Hybrid Organic Acid
• Others

Breakup by Application:

• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• Others

Breakup by End-User:

• OEM
• Aftermarket

Breakup by Region:    

• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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