Automotive coolant is a dark liquid that flows in the engine motors of various vehicles. Vehicles that use automotive coolant include commercial and passenger vehicles. These coolants can be in the form of liquid or gas. Coolant helps to remove the excess heat from the engine motors and keep it cool. Automotive coolants are used across all types of automobiles, ranging from small to heavy engines. In addition, the coolant allows the engine to maintain low temperatures while maintaining and minimizing the fuel consumption rate and improving the per mile average of the vehicle. Therefore, this leads to the growth of the automotive coolant market in near future.
Market scope and structure analysis:
Market size available for years
Base year considered
Vehicle Type, Application
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa
Shell, Exxon Mobil, British Petroleum, BASF, Chevron, Indian Oil, KOST, LUKOIL, Motul, Prestone, Sinopec, and TOTAL
COVID-19 scenario analysis:
- In COVID-19 pandemic, some industries are struggling while others are thriving. Overall, almost every sector is anticipated to be impacted.
- COVID-19 pandemic has restricted travel and use of vehicles. These are expected to restart only when the situation becomes stable.
- Original equipment manufacturers (OEMs) have also halted production, which has further decreased the demand for automotive coolant.
- Transportation restrictions, maintenance issues, and high prices are expected to hamper the steady growth of the automotive coolant market.
- Support from governments and several companies can help in the fight against this contagious disease.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The significant factors that impact the growth of the automotive coolant market are rapid growth in the automotive industry and help in providing durability of the engines. However, stringent government regulations and high manufacturing cost coupled with fluctuating prices hamper the growth of the automotive coolant market. Furthermore, extensive growth of automobile and transportation industries is expected to fuel the automotive coolant market growth.
Rapid growth in the automotive industry
Increase in automobile production and sales drive the demand for automotive coolant. Coolant is a major component of vehicles, which increases fuel economy of vehicles. Therefore, increase in demand for automobiles leads to the growth of the automotive coolant market in near future.
Helps in providing durability of the engines
Automotive coolant helps to remove the excess heat from the engine motors and keeps them cool. Therefore, cool engines provide better fuel efficiency to vehicles. Moreover, use of coolant to reduce heat increases the life of the vehicle. This results in the growth of the automotive coolant market in near future.
Key segments covered:
Key benefits of the report:
- This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the automotive coolant market share.
- The current market is analyzed from 2020 to 2027 to highlight the automotive coolant market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed automotive coolant market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the automotive coolant market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Automotive Coolant Market Report Highlights
By Vehicle Type
Key Market Players
Sinopec, Indian Oil, Chevron, BASF, Exxon Mobil, Shell, British Petroleum, TOTAL, Prestone, KOST