Automotive Coolant Trends and Forecast
The future of the global automotive coolant market looks promising with opportunities in the OEM and aftermarket markets. The global automotive coolant market is expected to reach an estimated $9.2 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing demand for automobiles in worldwide, rising adoption of electric vehicles, and escalating preference for environmentally-friendly and long-lasting coolant.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Coolant by Segment
The study includes a forecast for the global automotive coolant by product, type, application, end use, and region.
Automotive Coolant Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Ethylene Glycol
• Propylene Glycol
• Glycerin
Automotive Coolant Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Inorganic Acid
• Organic Acid
• Hybrid Organic Acid
• Others
Automotive Coolant Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• Others
Automotive Coolant Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
Automotive Coolant Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Coolant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive coolant companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive coolant companies profiled in this report include-
• Exxonmobil
• Castrol
• The British Petroleum
• Cummins
• Royal Dutch Shell
• BASF
• Chevron
Automotive Coolant Market Insights
Lucintel forecasts that passenger cars is expected to witness the highest growth over the forecast period.
Within this market, aftermarket is expected to witness the higher growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Automotive Coolant Market
Market Size Estimates: Automotive coolant market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive coolant market size by various segments, such as by product, type, application, end use, and region in terms of value ($B).
Regional Analysis: Automotive coolant market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, types, applications, end uses, and regions for the automotive coolant market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive coolant market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the marine automotive coolant market size?
Answer: The global marine automotive coolant market is expected to reach an estimated $9.2 billion by 2030.
Q2. What is the growth forecast for automotive coolant market?
Answer: The global automotive coolant market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive coolant market?
Answer: The major drivers for this market are increasing demand for automobiles in worldwide, rising adoption of electric vehicles, and escalating preference for environmentally-friendly and long-lasting coolant.
Q4. What are the major segments for automotive coolant market?
Answer: The future of the automotive coolant market looks promising with opportunities in the OEM and aftermarket markets.
Q5. Who are the key automotive coolant market companies?
Answer: Some of the key automotive coolant companies are as follows:
• Exxonmobil
• Castrol
• The British Petroleum
• Cummins
• Royal Dutch Shell
• BASF
• Chevron
Q6. Which automotive coolant market segment will be the largest in future?
Answer: Lucintel forecasts that passenger cars is expected to witness the highest growth over the forecast period.
Q6. In automotive coolant market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive coolant market by product (ethylene glycol, propylene glycol, and glycerin), type (inorganic acid, organic acid, hybrid organic acid, and others), application (passenger cars, commercial vehicles, two wheelers, and others), end use (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Coolant Market, Automotive Coolant Market Size, Automotive Coolant Market Growth, Automotive Coolant Market Analysis, Automotive Coolant Market Report, Automotive Coolant Market Share, Automotive Coolant Market Trends, Automotive Coolant Market Forecast, Automotive Coolant Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.