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Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 107 Pages
  • October 2022
  • Region: Global
  • IMARC Group
  • ID: 5682264
The global automotive coolant market size reached US$ 4.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 6.3 Billion by 2027, exhibiting a CAGR of 5.38% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Automotive coolant or antifreeze is a mixture of ethylene glycol or propylene glycol and water that is used to maintain the temperature of the vehicle within a specific range. It is also used to prevent automobile radiators from overheating in summer or freezing in winters, thus avoiding subsequent breakdowns. In addition to the base fluid, coolants consist of small quantities of corrosion inhibitors and antifoam agents, which enhance the overall effectiveness of the engine.

The thriving automotive industry across the globe is the key factor driving the growth of the market. In recent years, there has been an increase in the demand for passenger vehicles which is contributing to the market growth. Moreover, stringent regulatory policies for the safe disposal of antifreeze material and its recycling has enhanced the adoption of reusable coolant variants by the end users. Consumers are becoming aware of the need for proper disposal as used coolants contain undissolved heavy metals which are toxic for animals and can contaminate the soil. Additionally, manufacturers are formulating coolants through advanced technologies such as Inorganic Acid Technology (IAT), Hybrid Organic Acid Technology (HOAT) and Organic Acid Technology (OAT), which assist in creating silica- and phosphate-free product. Some of the other factors such as improvements in the average lifespan of vehicles, the introduction of environment-friendly coolants and rising disposable incomes of the consumers are also augmenting the growth of the market.

The publisher's latest report provides a deep insight into the global automotive coolant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis,

Value Chain Analysis

, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the automotive coolant market in any manner.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive coolant market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, type, application and end-user.

Breakup by Product:

  • Ethylene Glycol
  • Propylene Glycol
  • Glycerin

Breakup by Type:

  • Inorganic Acid
  • Organic Acid
  • Hybrid Organic Acid
  • Others

Breakup by Application:

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers
  • Others

Breakup by End-User:

  • OEM
  • Aftermarket

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A. and China Petrochemical Corporation (Sinopec Group) etc.

Key Questions Answered in This Report:

  • How has the global automotive coolant market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive coolant industry?
  • What are the key regional markets in the global automotive coolant industry?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global automotive coolant industry?
  • What are the key driving factors and challenges in the global automotive coolant industry?
  • What is the structure of the global automotive coolant industry and who are the key players?
  • What is the degree of competition in the global automotive coolant industry?
Frequently Asked Questions about the Global Automotive Coolant Market

What is the estimated value of the Global Automotive Coolant Market?

The Global Automotive Coolant Market was estimated to be valued at $4.6 Billion in 2021.

What is the growth rate of the Global Automotive Coolant Market?

The growth rate of the Global Automotive Coolant Market is 5.3%, with an estimated value of $6.3 Billion by 2027.

What is the forecasted size of the Global Automotive Coolant Market?

The Global Automotive Coolant Market is estimated to be worth $6.3 Billion by 2027.

Who are the key companies in the Global Automotive Coolant Market?

Key companies in the Global Automotive Coolant Market include Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation and Motul S.A..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Coolant Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Type
5.6 Market Breakup by Application
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product
6.1 Ethylene Glycol
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Propylene Glycol
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Glycerin
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1 Inorganic Acid
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Organic Acid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid Organic Acid
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Two Wheelers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End-User
9.1 OEM
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarket
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Total S.A. (Total)
15.3.2 ExxonMobil
15.3.3 Castrol Limited
15.3.4 The British Petroleum Plc
15.3.5 Cummins Inc.
15.3.6 Royal Dutch Shell Plc
15.3.7 BASF SE
15.3.8 Chevron Corporation
15.3.9 The PJSC LUKOIL
15.3.10 Motul S.A.
15.3.11 China Petrochemical Corporation (Sinopec Group)
List of Figures
Figure 1: Global: Automotive Coolant Market: Major Drivers and Challenges
Figure 2: Global: Automotive Coolant Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Coolant Market: Breakup by Product (in %), 2021
Figure 4: Global: Automotive Coolant Market: Breakup by Type (in %), 2021
Figure 5: Global: Automotive Coolant Market: Breakup by Application (in %), 2021
Figure 6: Global: Automotive Coolant Market: Breakup by End-User (in %), 2021
Figure 7: Global: Automotive Coolant Market: Breakup by Region (in %), 2021
Figure 8: Global: Automotive Coolant Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Automotive Coolant Industry: SWOT Analysis
Figure 10: Global: Automotive Coolant Industry: Value Chain Analysis
Figure 11: Global: Automotive Coolant Industry: Porter’s Five Forces Analysis
Figure 12: Global: Automotive Coolant (Ethylene Glycol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Automotive Coolant (Ethylene Glycol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Automotive Coolant (Propylene Glycol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Automotive Coolant (Propylene Glycol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Automotive Coolant (Glycerin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Automotive Coolant (Glycerin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Automotive Coolant (Inorganic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Automotive Coolant (Inorganic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Automotive Coolant (Organic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Automotive Coolant (Organic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Automotive Coolant (Hybrid Organic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Automotive Coolant (Hybrid Organic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Automotive Coolant (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Automotive Coolant (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Automotive Coolant (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Automotive Coolant (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Automotive Coolant (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Automotive Coolant (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Automotive Coolant (Two Wheelers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Automotive Coolant (Two Wheelers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Automotive Coolant (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Automotive Coolant (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Automotive Coolant (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Automotive Coolant (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Automotive Coolant (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Automotive Coolant (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Automotive Coolant Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Automotive Coolant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia Pacific: Automotive Coolant Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia Pacific: Automotive Coolant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Europe: Automotive Coolant Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Europe: Automotive Coolant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Middle East and Africa: Automotive Coolant Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Middle East and Africa: Automotive Coolant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Latin America: Automotive Coolant Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Latin America: Automotive Coolant Market Forecast: Sales Value (in Million US$), 2022-2027
List of Tables
Table 1: Global: Automotive Coolant Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Coolant Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Automotive Coolant Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Automotive Coolant Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Automotive Coolant Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 6: Global: Automotive Coolant Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive Coolant Market: Competitive Structure
Table 8: Global: Automotive Coolant Market: Key Players

Companies Mentioned

  • Total S.A. (Total)
  • ExxonMobil
  • Castrol Limited
  • The British Petroleum Plc
  • Cummins Inc.
  • Royal Dutch Shell Plc
  • BASF SE
  • Chevron Corporation
  • The PJSC LUKOIL
  • Motul S.A.
  • China Petrochemical Corporation (Sinopec Group)

Methodology

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