Automotive Coolant Market

Automotive Coolant Market was valued at 8.4 billion in 2016 and is expected to grow at CAGR of 6.35% during 2016-2024.Automotive Coolant MarketAutomotive Coolant Market1

Though current global outlook is positive for the market, expected slow down in Indian automobile sector is expected to hold the growth in APAC region.

Organic chemicals, such as Ethylene Glycol, Di-Ethylene Glycol, or Propylene Glycol are used as coolants for automotive applications. Ethylene Glycol is chosen mostly as the Automotive Coolant Market. The ethylene glycol, on the other hand, is highly toxic and requires careful disposal. Therefore, the coolant industries gradually began developing coolants that were less toxic.

Various metal parts of engine present within vehicle tend to overheat due to contamination by impurities and extreme usage, which may cause the failure of engine leading to the usage of automotive coolants. Engine coolant provides several advantages such as improving the life of the vehicle and dropping the number of maintenance or repairs. These benefits are expected to increase the Automotive Coolant Market during the forecast period.

APAC is leading a Automotive Coolant Market followed by Europe and North America. In recent years, demand for passenger cars and commercial vehicles have rapidly increased in the APAC region, leading to growth in demand for coolants in this region, which will, in turn, drive the Automotive Coolant Market.Automotive Coolant Market2
Key Players Analysed in the Automotive Coolant Market:

• Castrol Limited
• Exxon Mobil Corp
• Royal Dutch Shell plc
• Sinopec Lubricant Company
• Ashland
• Sinclair Oil Corporation
• Havoline
• Chevron Corporation
• British Petroleum
• Valvoline
• Chevron Philips Corporation
• Sinopec
• Total S.A.
• Kost USA
• Motul
• Ashland Corporation
• Lukoil
• Petronas
• Sinclair Oil Corporation
• Rudson
• Amsoil
• Bluestar Lubrication Technology
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The scope of the Automotive Coolant Market:

Automotive Coolant Market, By Product Type:
• Ethylene Glycol
• Propylene Glycol
• Glycerin

Automotive Coolant Market, By Application:
• Passenger Car
• Commercial Vehicle
• Motorcycle

Automotive Coolant Market, By Technology:
• Inorganic Acid Technology
• Organic Acid Technology
• Hybrid Organic Acid Technology

Automotive Coolant Market, By Region:
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific

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