The
global automotive coolant market has been largely influenced by the
growth in the number of passenger cars and trucks, and government
initiatives on reducing vehicles emissions. Additionally, the stringent
regulatory framework with respect to antifreeze disposal &
recycling by the government, has propelled the manufacturers to adopt
coolants in automotive industry.
The
global automotive coolant market has experienced a remarkable growth
over the past few years and it has been expected that the global market
will retain the growth status during the forecast period.
As per MRFR analysis, the global Automotive Coolant Market is expected to grow at the CAGR of ~7.65% during the forecast period.
Market Research Analysis:
Based
on regions, the global automotive coolant market has been divided as
North America, Europe, Asia Pacific and Rest of the World. Asia Pacific
has accounted for the largest market share, in 2016, followed by North
America and Europe. In Asia Pacific, countries such as China, India,
Japan, and Indonesia consume the highest number of passenger vehicles
and commercial vehicles. As a result, the demand of coolants is very
high in these counties. North America is the second leading region for
automotive coolants. Presence of a large number of manufacturers and
growing registration of new vehicles have driven the market. In Europe,
it has been observed that, there has been a rise in the sales of new
vehicles and used vehicles, which has augmented the demand for
automotive coolants. Germany, UK and France are the leading countries in
Europe, which have fuelled the growth of the market in Europe.
Scope of the Report:
This
study provides an overview of the global Automotive Coolant market,
tracking three market segments across four geographic regions. The
report studies key players, providing a five-year annual trend analysis
that highlights market size, volume and share for North America, Europe,
Asia-Pacific (APAC) and Rest of the World (ROW). The report also
provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the global
Automotive Coolant market by product type, technology, vehicle type, end
market and regions.
By Product Type
- Ethylene Glycol
- Propylene Glycol
- Glycerin
By Technology
- Inorganic Acid
- Organic Acid
- Hybrid Organic Acid
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By End Market
- OEMs
- Aftermarket
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players:
The prominent players in the automotive coolant market include Total
S.A (France), Castrol Limited (UK), Exxon Mobil Corp (US), Royal Dutch
Shell plc (Netherlands), Sinopec Lubricant Company (China), Ashland
(US), Sinclair Oil Corporation (US), Havoline (US), Chevron Corporation
(US) and British Petroleum (UK).
Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-coolant-market-4666
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