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Global Automotive Coolant Market 2017-2021

Global Automotive Coolant Market 2017-2021

About Automotive Coolant

A coolant is used to dissipate excess heat from an internal combustion engine (ICE). It also protects the engine against corrosion. In general, an engine converts nearly one-third of the energy generated through the combustion of fuel into work, which runs a vehicle. The other two-thirds of the energy is converted into heat, of which one-third of the heat is expelled with the exhaust gases; the rest remains in the engine block, which creates the need for the coolant to absorb the excess heat, thereby enabling the engine to operate efficiently. Automotive coolant is composed of different elements.

Technavio’s analysts forecast the global automotive coolant market to grow at a CAGR of 4.79% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive coolant market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales/volume. The replacement/aftermarket volume has not been considered in the report.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Coolant Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Shell
  • Exxon Mobil
  • British Petroleum
Other prominent vendors
  • BASF
  • Chevron
  • Indian Oil
  • Kost USA
  • LUKOIL
  • Motul
  • Prestone
  • Sinopec
  • TOTAL
Market driver
  • Heavy dependence on IC engines for mobility in emerging countries
  • For a full, detailed list, view our report
Market challenge
  • Rise in demand for battery electric vehicles poses a threat for automotive coolants
  • For a full, detailed list, view our report
Market trend
  • Increase in adoption of electric coolant pump to regulate flow of coolant
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Coolant Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive coolant marke: Shell, Exxon Mobil, and British Petroleum.

Other Prominent Vendors in the market are: BASF, Chevron, Indian Oil, Kost USA, LUKOIL, Motul, Prestone, Sinopec, and TOTAL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in adoption of electric coolant pump to regulate flow of coolant. Recently, OEMs have implemented electric coolant pump in their vehicles for the proper circulation of the coolant in the engine cooling system. The major reason for the increased inclusion of electric coolant pump is to increase the fuel economy benefits and to reduce carbon emission. In 2006, BMW was the first OEM to use electric coolant pump in its N47 engine that had a capacity of 3L.”

According to the report, one of the major drivers for this market is Heavy dependence on IC engines for mobility in emerging countries. Emerging countries such as India and China are witnessing an increase in the preference for mobility through roadways. In 2016, IC engines held a market share of more than 95% of the total vehicles sold globally. Therefore, these vehicles played a crucial role for mobility. In the commercial vehicle segment, there is hardly any vehicle that runs on battery or on alternate fuels. Therefore, the reliance on ICEs for transportation is high. All IC engines require engine coolants to dissipate the excess heat from the engine compartment. Even the coolant capacity in the M&HCVs is more than other vehicles. In APAC, on an average, the coolant capacity is 29L, whereas, in the Americas and Europe, the coolant capacity is 42L and 38L respectively for heavy-duty trucks.

Further, the report states that one of the major factors hindering the growth of this market is Rise in demand for battery electric vehicles poses a threat for automotive coolants. The sales of the battery electric vehicles started peaking since 2014. In 2016, there were multiple factors influencing the sales of battery electric vehicles. The most important factor was the intent of the government to promote sales of battery electric vehicles. The battery electric vehicles market is nurtured by the governments globally to curb carbon emission.

Companies Mentioned

Shell, Exxon Mobil, and British Petroleum. BASF, Chevron, Indian Oil, Kost USA, LUKOIL, Motul, Prestone, Sinopec, and TOTAL.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Different types of automotive coolants based on product
      • Table Global automotive coolant market by end user 2016
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive coolant market
    • Market size and forecast
      • Table Global automotive coolant market 2016-2021 (millions of gallons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation of global automotive coolant market by application
      • Table Segmentation of global automotive coolant market by application 2016
      • Table Segmentation of global automotive coolant market by application 2021
    • Global automotive coolant market in passenger cars segment
      • Table Global automotive coolant market in passenger cars segment 2016-2021 (millions of gallons)
      • Table Global automotive coolant market in passenger cars segment by region 2016-2021 (millions of gallons)
      • Table Global battery electric vehicles market by geography 2016
    • Global automotive coolant market in M&HCV segment
      • Table Global automotive coolant market in M&HCV segment 2016-2021 (millions of gallons)
      • Table Global automotive coolant market in M&HCV segment by region 2016-2020 (millions of gallons)
    • Global automotive coolant market in LCV segment
      • Table Global automotive coolant market in LCV segment 2016-2021 (millions of gallons)
      • Table Global automotive coolant market in LCV segment by region 2016-2020 (millions of gallons)
  • Geographic segmentation
    • Global automotive coolant market by geography
      • Table Global automotive coolant market by geography 2016 and 2021
    • Automotive coolant market in APAC
      • Table Automotive coolant market in APAC 2016-2021 (millions of gallons)
      • Table Percentage of battery electric vehicle in China as compared with total vehicle sales in China 2014-2020
    • Automotive coolant market in Americas
      • Table Automotive coolant market in Americas 2016-2021 (millions of gallons)
    • Automotive coolant market in EMEA
      • Table Automotive coolant market in EMEA 2016-2021 (millions of gallons)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Global battery electric vehicles market 2016-2021 (millions of units)
  • Market trends
    • Table Key market trends
    • Increase in adoption of electric coolant pump to regulate flow of coolant
    • Increase in popularity of nanofluids to improve thermal conductivity
    • Increasing adoption of propylene glycol-based coolants
  • Vendor Landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Shell
      • Table Shell Business segmentation by revenue in 2016
      • Table Shell: Recent developments
    • Exxon Mobil
      • Table Exxon Mobil Corporation Business segmentation by net profit in 2016 (in millions)
      • Table Exxon Mobil: Recent developments
    • British Petroleum
      • Table Recent developments: British Petroleum
  • Appendix
    • List of abbreviations
  • Explore Technavio

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