Global Automotive Coolant Aftermarket Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 827.31 Million |
 Market Size (Forecast Year) |
USD 1,158.62 Million |
 CAGR |
% |
| Major Markets Players |
Global Automotive Coolant Aftermarket Market, By Technology {Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT)}, Product (Ethylene Glycol, Propylene Glycol, Glycerin), Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles) - Industry Trends and Forecast to 2029
Market Analysis and Size
Automotive coolants are being highly used in autos going from motor engine bicycles and rock solid business vehicles. Coolants are widely utilized for cooling the motor parts and forestall over warming during use.
Global Automotive Coolant Aftermarket Market was valued at USD 827.31 million in 2021 and is expected to reach USD 1158.62 million by 2029, registering a CAGR of 4.30% during the forecast period of 2022-2029. Passenger Cars” accounts for the largest vehicle type segment in the respective market owing to the high consumer preference for economic vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Automotive coolant is a type of bright yellow or green liquid that is mixed with water in a particular proportion and used in automobile engines to improve or enhance heat transfer and control the operating temperature. It contains ingredients that inhibit corrosion, rust, and scale, which are known as inhibitors.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Forecast Period |
2022 - 2029 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Technology {Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT)}, Product (Ethylene Glycol, Propylene Glycol, Glycerin), Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Valvoline Inc (US), Exxon Mobil Corporation (US), BASF SE (Germany), Total (France), Chevron Corporation. (US), Royal Dutch Shell plc (UK), OLD WORLD INDUSTRIES, LLC (US), Prestone Products Corporation (US), Arteco (Belgium), AMSOIL INC. (US), Recochem Corporation. (Canada), and Motul (France), among others |
|
Market Opportunities |
|
Automotive Coolant Aftermarket Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Increased Vehicle Production
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.
- Requirement for Periodic Annual Vehicle Servicing
The increase in the requirement for periodic annual vehicle servicing for optimum performance accelerate the market growth. The need for maintaining of appropriate thermal management of engines have a positive impact of automotive coolant aftermarket market.
- Increase in Popularity of Automotive Coolant
The increase in use of automotive coolant due to the efficient mixture of ethylene, propylene glycol, and ethylene further influence the market. Also, the ability to remove impurities from the engine cooling systems is assisting in the expansion of the market.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive coolant aftermarket market.
Opportunities
Furthermore, environment friendly and bio based coolants and antifreeze extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments escalate the growth of automotive coolant aftermarket market.
Restraints/Challenges faced by the Automotive Coolant Aftermarket Market
On the other hand, increase in demand of battery operated electric vehicles and fluctuating raw material price are expected to obstruct market growth. Also, issues with recycling of engine coolant and antifreeze are projected to challenge the automotive coolant aftermarket market in the forecast period of 2022-2029.
This automotive coolant aftermarket market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive coolant aftermarket market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive Coolant Aftermarket Market
The COVID-19 had a negative impact on the automotive coolant aftermarket market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive coolant aftermarket market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive coolant aftermarket market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- Gulf Oil introduced a new series of e-fluids for Electric passenger cars and Hybrid passenger cars in October’2021.
- Redline Detection confirmed engineering of a new diagnostic leak detection technology in November’2021 that works primarily in battery electric vehicles.
Global Automotive Coolant Aftermarket Market Scope
The automotive coolant aftermarket market is segmented on the basis of technology, product and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Inorganic Additive Technology (IAT)
- Organic Additive Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
Product
- Ethylene Glycol
- Propylene Glycol
- Glycerin
Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
Automotive Coolant Aftermarket Market Regional Analysis/Insights
The automotive coolant aftermarket market is analyzed and market size insights and trends are provided by country, technology, product and vehicle type.
The countries covered in the automotive coolant aftermarket market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific (APAC) dominates the automotive coolant aftermarket market because of the increase in the number of vehicle sales within the region.
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in number of local manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Coolant Aftermarket Market Share Analysis
The automotive coolant aftermarket market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive coolant aftermarket market.
Some of the major players operating in the automotive coolant aftermarket market are
- Valvoline Inc (US)
- Exxon Mobil Corporation (US)
- BASF SE (Germany)
- Total (France)
- Chevron Corporation. (US)
- Royal Dutch Shell plc (UK)
- OLD WORLD INDUSTRIES, LLC (US)
- Prestone Products Corporation (US)
- Arteco (Belgium), AMSOIL INC. (US)
- Recochem Corporation. (Canada)
- Motul (France)
SKU-
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
