Global Automotive Coolant Market Growth 2023-2029

Global Automotive Coolant Market Growth 2023-2029

Automotive coolant, also known as antifreeze, is a liquid substance that circulates through an internal combustion engine and draws off excessive heat. The two most common chemicals used for this are ethylene and propylene glycol, both of which have lower freezing points than water (32° Fahrenheit or 0° Celsius). This allows the chemicals to flow freely even under cold winter conditions. Automotive Coolant also has a higher boiling point than pure water, which makes it ideal for summer use as well.

LPI (LP Information)' newest research report, the “Automotive Coolant Industry Forecast” looks at past sales and reviews total world Automotive Coolant sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Coolant sales for 2023 through 2029. With Automotive Coolant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Coolant industry.

This Insight Report provides a comprehensive analysis of the global Automotive Coolant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Coolant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Coolant market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Coolant and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Coolant.

The global Automotive Coolant market size is projected to grow from US$ 5391.1 million in 2022 to US$ 6313.7 million in 2029; it is expected to grow at a CAGR of 6313.7 from 2023 to 2029.

Global Automotive Coolantkey players include Prestone, Shell, Exxon Mobil, Castrol, Total, etc. Global top five players hold a share about 50%.

Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 40 percent.

In terms of product, Ethylene Glycol Coolant is the largest segment, with a share about 90%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Coolant market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Ethylene Glycol Coolant

Propylene Glycol Coolant

Other

Segmentation by application

Passenger Vehicle

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Prestone

Shell

Exxon Mobil

Castrol

Total

CCI

BASF

Old World Industries

Valvoline

Sinopec

CNPC

Lanzhou BlueStar

Zhongkun Petrochemical

KMCO

Chevron

China-TEEC

Guangdong Delian

SONAX

Getz Nordic

Kost USA

Amsoil

Recochem

MITAN

Gulf Oil International

Paras Lubricants

Solar Applied Materials

Pentosin

Millers Oils

Evans

ABRO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Coolant market?

What factors are driving Automotive Coolant market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Coolant market opportunities vary by end market size?

How does Automotive Coolant break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.