Automotive Coolant Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Automotive Coolant Market by vehicle (commercial vehicles, passenger cars), chemical type(ethylene glycol, diethylene glycol and propylene glycol) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Automotive Coolant Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Automotive Coolant Market are American Manufacturer- Rudson, AMSOIL, BlueStar Lubrication Technology, Royal Dutch Shell, Voltronic, Valvoline, Chevron Corporation, Exxon Mobil, and Prestone.According to report the global automotive coolant market is expected to grow at a CAGR of 4.1% over the forecast period of 2017 – 2023.
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Passenger vehicles such as, cars, vans, SUVs have grown at a rapid pace during the forecast period
Automotive coolant is a liquid used to reduce the temperature of the system.Coolant flows from the automobiles engine picking up heat and giving it to outside air while the coolant flows to radiator .Organic chemicals, such as Ethylene Glycol, Di-Ethylene Glycol can be used as coolants for automotive applications.Ethylene glycol is most preferred coolant. Stringent emission laws imposed by the government and increased prices of conventional fuels have driven the market for automotive cooling market over the forecast period. Additionally,regulations from department of environmental quality have significantly boosted the demand for coolants in automotive industry.However, conventional engine coolant faces internal substitution by organic engine coolant, which is hazardous to the environment, is expected to restrain the growth of the market. On the other hand, fluctuating prices of raw material and limitations in extremely cold temperature hampers the growth of the automotive cooling market. Moreover,regulations from department of environmental quality are anticipated to boost the demand for coolants in automotive industry. Furthermore, the rising adoption of propylene glycol-based coolants in automotive is expected to provide several growth opportunities for the key players in the automotive coolant market. The major players in the automotive coolant market includeRudson, Amsoil and Bluestar Lubrication Technology and Prestone.Prestoneannounced partnership with the Petersen automotive museum for gaining more traction among the consumers regarding their productivity.
Asia Pacific has accounted for the largest market share
Among the geographies, Asia Pacific accounts for the largest share of automotive coolant market followed by Europe. Owing to the increase in demand for the coolants’ the sale for commercial vehicles and passenger cars have significantly increased in the Asia Pacific regions.Presence of a large number of manufacturers and growing registration of new vehicles, have driven the market especially in Europe.The growth rate of automobile coolant is highest in Asia Pacific, led by China and some of the other developing countries such as India, Indonesia and Malaysia.
The report on global automotive coolant market covers segments such as vehicle and chemical type. The vehicle segments include commercial vehicles, passenger cars and others. On the basis of chemical type the global automotive coolant market is categorized into ethylene glycol, diethylene glycol and propylene glycol.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 – 2023.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive coolant market such as, American Manufacturer- Rudson, AMSOIL, BlueStar Lubrication Technology, Royal Dutch Shell, Voltronic, Valvoline, Chevron Corporation, Exxon Mobil, and Prestone.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global automotive coolant market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of automotive coolant market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the automotive coolant market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the automotive coolant market to understand the present and future trends in this market and formulate their strategies accordingly.