Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global automotive coolant market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Automotive coolant or antifreeze is a mixture of ethylene glycol or propylene glycol and water that is used to maintain the temperature of the vehicle within a specific range. It is also used to prevent automobile radiators from overheating in summer or freezing in winters, thus avoiding subsequent breakdowns. In addition to the base fluid, coolants consist of small quantities of corrosion inhibitors and antifoam agents, which enhance the overall effectiveness of the engine.
The thriving automotive industry across the globe is the key factor driving the growth of the market. In recent years, there has been an increase in the demand for passenger vehicles which is contributing to the market growth. Moreover, stringent regulatory policies for the safe disposal of antifreeze material and its recycling has enhanced the adoption of reusable coolant variants by the end users. Consumers are becoming aware of the need for proper disposal as used coolants contain undissolved heavy metals which are toxic for animals and can contaminate the soil. Additionally, manufacturers are formulating coolants through advanced technologies such as Inorganic Acid Technology (IAT), Hybrid Organic Acid Technology (HOAT) and Organic Acid Technology (OAT), which assist in creating silica- and phosphate-free product. Some of the other factors such as improvements in the average lifespan of vehicles, the introduction of environment-friendly coolants and rising disposable incomes of the consumers are also augmenting the growth of the market.
IMARC Group’s latest report provides a deep insight into the global automotive coolant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the automotive coolant market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive coolant market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on 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
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A. and China Petrochemical Corporation (Sinopec Group) etc.
Key Questions Answered in This Report:
How has the global automotive coolant market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive coolant industry?
What are the key regional markets in the global automotive coolant industry?
What is the breakup of the market based on the product?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global automotive coolant industry?
What are the key driving factors and challenges in the global automotive coolant industry?
What is the structure of the global automotive coolant industry and who are the key players?
What is the degree of competition in the global automotive coolant industry?
Table of Contents
141 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global Automotive Coolant Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Breakup by Product
- 5.5Market Breakup by Type
- 5.6Market Breakup by Application
- 5.7Market Breakup by End-User
- 5.8Market Breakup by Region
- 5.9Market Forecast
- 6 Market Breakup by Product
- 6.1Ethylene Glycol
- 6.1.1Market Trends
- 6.1.2Market Forecast
- 6.2Propylene Glycol
- 6.2.1Market Trends
- 6.2.2Market Forecast
- 6.3Glycerin
- 6.3.1Market Trends
- 6.3.2Market Forecast
- 7 Market Breakup by Type
- 7.1Inorganic Acid
- 7.1.1Market Trends
- 7.1.2Market Forecast
- 7.2Organic Acid
- 7.2.1Market Trends
- 7.2.2Market Forecast
- 7.3Hybrid Organic Acid
- 7.3.1Market Trends
- 7.3.2Market Forecast
- 7.4Others
- 7.4.1Market Trends
- 7.4.2Market Forecast
- 8 Market Breakup by Application
- 8.1Passenger Cars
- 8.1.1Market Trends
- 8.1.2Market Forecast
- 8.2Commercial Vehicles
- 8.2.1Market Trends
- 8.2.2Market Forecast
- 8.3Two Wheelers
- 8.3.1Market Trends
- 8.3.2Market Forecast
- 8.4Others
- 8.4.1Market Trends
- 8.4.2Market Forecast
- 9 Market Breakup by End-User
- 9.1OEM
- 9.1.1Market Trends
- 9.1.2Market Forecast
- 9.2Aftermarket
- 9.2.1Market Trends
- 9.2.2Market Forecast
- 10 Market Breakup by Region
- 10.1North America
- 10.1.1Market Trends
- 10.1.2Market Forecast
- 10.2Asia Pacific
- 10.2.1Market Trends
- 10.2.2Market Forecast
- 10.3Europe
- 10.3.1Market Trends
- 10.3.2Market Forecast
- 10.4Middle East and Africa
- 10.4.1Market Trends
- 10.4.2Market Forecast
- 10.5Latin America
- 10.5.1Market Trends
- 10.5.2Market Forecast
- 11 SWOT Analysis
- 11.1Overview
- 11.2Strengths
- 11.3Weaknesses
- 11.4Opportunities
- 11.5Threats
- 12 Value Chain Analysis
- 13 Porter’s Five Forces Analysis
- 13.1Overview
- 13.2Bargaining Power of Buyers
- 13.3Bargaining Power of Suppliers
- 13.4Degree of Competition
- 13.5Threat of New Entrants
- 13.6Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1Market Structure
- 15.2Key Players
- 15.3Profiles of Key Players
- 15.3.1Total S.A. (Total)
- 15.3.2ExxonMobil
- 15.3.3Castrol Limited
- 15.3.4The British Petroleum Plc
- 15.3.5Cummins Inc.
- 15.3.6Royal Dutch Shell Plc
- 15.3.7BASF SE
- 15.3.8Chevron Corporation
- 15.3.9The PJSC LUKOIL
- 15.3.10 Motul S.A.
- 15.3.11 China Petrochemical Corporation (Sinopec Group)
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