7/25/2021 Automotive Coolant Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast – Facts and

cast – Facts and Trends

Automotive Coolant Market – Global Industry

Analysis, Size, Share, Growth, Trends,
And Forecast
JULY 25, 2021 BY SURENDRA CHOUDHARY  ♥

Automotive coolant is utilized in practically all significant cars going from motor engine bicycles to
rock solid business vehicles. Coolants are principally used to cool the motor parts and forestall over
warming during use, particularly in chilly environments, and to forestall erosion of the metal
apparatus of autos. Automotive coolant is utilized in practically all significant autos going from
motor engine bicycles to rock solid business vehicles. Coolants are fundamentally used to cool the
motor parts and forestall over warming during use, particularly in chilly environments, and to
forestall erosion of the metal hardware of autos. Vehicle coolant likewise shields the motor from
overheating. Coolant likewise greases up the moving parts it comes into contact with, which
forestalls harm to the water siphon, head gasket, the chamber, and cylinder timings.

Growing popularity of vehicles and automakers and persistent interests in research and
advancement for the improvement of practical, climate cordial, and low poisonous items with a
high life are probably going to support the growth of this market. Simple and plentiful accessibility
of different materials such as ethylene glycol, glycerin, and propylene glycol, in developed nations
that assists new participants with growing such items, likewise drives the automotive coolant
market across the globe.

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Automotive Coolant: Introduction

Car coolant, also known as antifreeze, protects the engine from overheating. Coolant also
lubricates the moving parts it comes into contact with, which prevents damage to the water
pump, head gasket, the cylinder, and piston timings.
Automotive coolant is used in almost all major automobiles ranging from engine motor bikes to
heavy duty commercial vehicles. Coolants are primarily utilized to cool the engine parts and
prevent over heating during use, especially in cold climates, and to prevent corrosion of the
metal machinery of automobiles. The rate of heat transfer rate depends largely on the
temperature difference between coolants and outside air and the flow rate of the coolant. In an
ideal condition, the freezing point of a coolant remains -20 degree Fahrenheit, while the boiling
point normally does not exceed 234 degree Fahrenheit.

Key Drivers of Global Automotive Coolant Market:

Demand for fuel-efficient vehicles has led to the replacement of traditional lubricants with
synthetic lubricants. The adoption of biobased lubricants, which are expected to reduce harmful
environment effects, is the current trend. Furthermore, these lubricants are projected to propel
the automotive lubricant market during the forecast period.
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Automotive Coolant Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast – Facts and Trends

Easy and abundant availability of various materials, including ethylene glycol, propylene glycol,
and glycerin in developed countries that helps new entrants to develop such products, also
drives the automotive coolant market across the globe
Rise in demand for vehicles and automakers and continuous investments in research &
development for the development of cost-effective, environment-friendly, and low toxic
products with a high life are likely to boost the global automotive coolant market during the
forecast period
The trend of urbanization is growing at an exponential rate, which is leading to increase in the
average income of urban population, enabling them to enhance their lifestyles. Furthermore, a
rise in the demand for passenger cars is prompting manufacturers to increase production of
commercial vehicles. This, in turn, is driving the automotive coolant market across the globe.
In the view of the rising number of research activities within the chemical industry, automotive
coolants are constantly subjected to technical innovations, in terms of material composition. This
also fuels the automotive coolant market across the globe.

Passenger vehicle segment to Offer Attractive Opportunities:

The passenger vehicle segment is likely to hold a significant share of the market by end of the
forecast period. This is attributed to a rise in the demand for utility vehicles in highly populated
countries such as China, India, and Brazil.
High demand for e-class, crossovers, SUVs, and hatchbacks is driving the passenger vehicle
segment, which in turn is likely to boost the automotive coolant market. Rise in preference for
private transport and buying power of consumers is driving the passenger vehicle segment of
the market.
Coolants are also known as antifreeze agents, which are increasingly being utilized to substitute
water and other cooling agents, owing to their superior heat absorption and corrosion inhibiting
properties. The recent trend of substituting toxic, ethylene glycol with safer, organic-based
coolants is anticipated to offer significant opportunities to the market during the forecast period.

COVID–19 Pandemic to hamper market:

The COVID-19 crisis is affecting economies and industries in various countries due to
lockdowns, travel bans, and business lockdowns. The global chemicals and materials industry is
suffering serious disruptions such as supply chain breaks, office shutdowns, and others. For
instance, China is a global manufacturing hub and raw material supplier of various industries;
and it is also one of the worst affected countries. The lockdown of various plants and factories in
China is restricting the global supply chains and disrupting manufacturing, delivery schedules,
and various chemicals and material sales. Various companies announced possible delays in
product deliveries and slump in future sales of their products. All these factors are anticipated to
hamper the global automotive coolant market across the globe.

Asia Pacific to Hold Significant Share of Global Automotive

Coolant Market:

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7/25/2021 Automotive Coolant Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast – Facts and Trends

Asia Pacific comprises rapidly expanding economies, including India, which are likely to witness
higher demand for vehicles and consequently, boost the automotive coolant market during the
forecast period
Asia Pacific held a leading share of the global automotive coolant market due to higher volume
of vehicles produced in prominent countries, including China and Japan, and lower
manufacturing and labor cost across the region. Moreover, availability of inexpensive labor and
raw material in the region coupled with increasing number of local manufacturers is likely to
propel the market in Asia Pacific during the forecast period.

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Key Players Operating in Global Market:

The global automotive coolant market is highly fragmented with top manufacturers across global
market. A few of the key players operating and potential in the global automotive coolant market
are:

Castrol Limited.
Arteco
Cummins Filtration
Motul S.A.
China National BlueStar (Group) Co. Ltd.
Valvoline International Inc.
Exxon Mobil Corporation
Sinopec Corporation
Shandong Yuean Chemical Industry Co. Ltd.
Total S.A.
Chevron Corporation
Royal Dutch Shell Plc
PETRONAS
BP Plc
BASF SE
OLD WORLD INDUSTRIES LLC
Prestone Products Corporation

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