Automotive Coolant Market is projected to grow rapidly during the projected period, propelled by increasing vehicle sales and rising demand for automobiles' maintenance and services. Furthermore, automobile manufacturers are engaged in introducing newer products and brands to offer their consumers customized coolant solutions, thereby increasing the automotive coolant market share.
Data Bridge Market Research analyses that the automotive coolant market was valued at USD 4642.30 million in 2021 and is expected to reach USD 7124.48 million by 2029, registering a CAGR of 5.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. Automotive coolant is an antifreeze or engine coolant, a coloured liquid. When mixed with the antifreeze, it helps water to help regulate the vehicle engine during extreme temperatures. It protects engines from overheating. Automotive coolant also lubricates the moving parts of the vehicles and protects them from damage when it comes into contact with the head gasket, water pump, cylinder and piston timing.
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Global Automotive Coolant Market Scope
The automotive coolant market is segmented on the basis of technology, product, vehicle type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
Inorganic Acid Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Product
Ethylene Glycol
Propylene Glycol
Glycerine
Vehicle Type
Passenger Cars
Heavy Commercial Vehicles
Light Commercial Vehicles
End User
Original Equipment Manufacturer (OEM)
Automotive Aftermarket
Competitive Landscape and Automotive Coolant Market Share Analysis
The automotive coolant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive coolant market.
Some of the major players operating in the automotive coolant market are:
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.)
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Automotive Coolant Market Regional Analysis/Insights
The automotive coolant market is analyzed and market size insights and trends are provided by country, technology, product, vehicle type and end user as referenced above.
The countries covered in the automotive coolant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive coolant market in terms of market share and revenue. This is due to the easy availability of the basic resources such as raw materials and labour and high number of vehicles on road in this region.
Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the high production associated with the high application of vehicles in this region. Furthermore, increasing consumer awareness regarding the advantages of recycled resources with sustainability will likely boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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