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Automotive Coolant Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

Automotive

The “Automotive Coolant Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Automotive Coolant market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Automotive Coolant market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The global automotive coolant market is expected to register a CAGR of 4.32%, during the forecast period, 2019-2024.
  • – The global automotive coolant market’s growth depends on various factors, such as overall economic growth of major countries, trends in the automotive industry, chemical industry, etc. Among these, the demand for IC engines continuous to grow during the forecast period despite the demand for green vehicles.
  • – Due to the growth in research activities in the chemical industry, engine coolants have undergone changes in the material composition. Companies have successfully designed coolants following technologies, like, Inorganic Acid Technology (IAT), Organic Acid Technology (OAT), and Hybrid Organic Acid Technology (HOAT).
  • – Ethylene glycol is the most preferred automotive coolant. But, ethylene glycol is highly toxic and requires careful disposal. Therefore, the coolant industry began manufacturing coolants that were less toxic. The American Society for Testing and Material (ASTM), an international standard organization, published a standard D5216 in 2000, stating that propylene glycol is suitable for use as an engine coolant in cars and light commercial vehicles. However, ethylene glycol coolants still hold major share in the market, as they have better properties, other than toxicity, compared to propylene glycol coolants.

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    In Automotive Coolant Market Report, Following Companies Are Covered:

  • BP PLC ( Castrol)
  • Chevron Corp.
  • ExxonMobil Corp.
  • Valvoline Inc.
  • Total SA
  • Royal Dutch Shell PLC
  • Indian Oil Corp. Ltd
  • JXTG Holdings Inc.
  • Prestone Products Corp.
  • Amsoil Inc.
  • Voltronic GmbH
  • American Mfg Co. (Rudson)

    Automotive Coolant Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Coolant is a liquid substance with a mixture of antifreeze and diluted water, used in automobiles, to reduce or regulate the temperature of an engine system.
  • The automotive coolants market study includes vehicle type, such as passenger car and commercial vehicle, as well as organic chemical type (ethylene glycol and propylene glycol).

    Reasons for Buying Automotive Coolant Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Ethylene Glycol dominated the Global Market

    – Ethylene glycol coolant occupied the major share more than 60% of the total automotive coolant market in 2018, as most customers, like automakers and vehicle owners, prefer ethylene glycol coolants over propylene glycol coolants, due to the following:
    – Production cost of ethylene glycol coolants is lower compared to propylene glycol coolants, as the former coolant requires less energy at several stages of conversions, along with low cost of raw materials. Thus, ethylene glycol coolants are available at cheaper price, which has been identified as the primary factor driving a large number of customers to opt ethylene glycol coolants.
    – Earlier, ethylene glycol coolants were opposed by vehicle owners, due to its toxic and sweet taste characteristics. The sweet taste of ethylene glycol attracted animals to consume it and resulted in several deaths of pet animals, across the world. Thus, coolant manufacturers started adding a bitterant agent in ethylene glycol, and thereafter regained its demand in the market.
    – Additionally, low freezing point and low viscosity properties of ethylene glycol makes it suitable for winter and summer conditions, and it is thus, largely adopted in regions like North America and Europe.
    – Low production cost has also driven manufacturers to produce more ethylene glycol type coolants compared to propylene glycol coolants for the automotive industry. Some of the major producers of ethylene glycol include Ineos, Total Petrochemicals, LyondellBasell, ExxonMobil, and Naphthachimie.

    India Expected to Witness the Fastest Growth Rate in Asia-Pacific Region

    – India automotive coolant market is expected to witness the fastest growth rate of approximately 6%, during the forecast period 2019-2024.
    – The automotive industry has grown rapidly in India, as the demand for both passenger and commercial vehicles has increased to 7.32% and 9.08% respectively over the last two years (2017-2018). This increase in the sales of vehicle has significantly increased the demand for coolants in the country.
    – The Indian automobile sector is the sixth-largest passenger vehicle manufacturer and the second-largest commercial vehicle manufacturer, globally. Growing industrialization and infrastructure, and the robustly increasing micro, small and medium enterprises (MSMEs) sector, are fueling the demand for light passenger vehicles and heavy-duty trucks in the country. Government measures, like NATRiP, Auto Mission 2006-2016, etc., are also significantly contributing to growth of the country’s automotive sector, thereby, augmenting the demand for coolants in both the OEM and aftermarket segments.
    – Indian PSU oil players, like IOCL, HPCL, BPCL etc., along with private players like RIL, are continuously increasing their crude oil production capacity. As ethylene glycol is a crude oil by-product, the increasing production and refining capacity of crude oil could increase the availability of ethylene glycol in India, simultaneously boosting the domestic production of coolant in the country. Maximum demand for coolant in India is from the replacement market. Though with the increasing developments in coolant formulation, the life time of coolant is recording a sharp increase, and is therefore, slowing the growth of the coolant market.
    – It is anticipated that due to increasing automobile demand in the country, the demand for coolant by OEMs could increase more sharply compared to the demand for coolant in the aftermarket.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Automotive Coolant create from those of established entities?

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    Detailed TOC of Automotive Coolant Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.4 Market Restraints
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Vehicle Type
    5.1.1 Passenger Car
    5.1.2 Commercial Vehicle
    5.2 Organic Chemical Type
    5.2.1 Ethylene Glycol
    5.2.2 Propylene Glycol
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Rest of the World
    5.3.4.1 Brazil
    5.3.4.2 South Africa
    5.3.4.3 Other Countries

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Company Profiles
    6.2.1 BP PLC ( Castrol)
    6.2.2 Chevron Corp.
    6.2.3 ExxonMobil Corp.
    6.2.4 Valvoline Inc.
    6.2.5 Total SA
    6.2.6 Royal Dutch Shell PLC
    6.2.7 Indian Oil Corp. Ltd
    6.2.8 JXTG Holdings Inc.
    6.2.9 Prestone Products Corp.
    6.2.10 Amsoil Inc.
    6.2.11 Voltronic GmbH
    6.2.12 American Mfg Co. (Rudson)

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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