Automotive Engine Coolant Market

Automotive Engine Coolant Market by Organic Chemical Types (Ethylene Glycol, Propylene Glycol, Glycerin) by Application (Passenger Car, Commercial Vehicle, Two wheelers) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Engine Coolant in terms of revenue?

    The global Automotive Engine Coolant valued at 5.24 Billion in 2020 and is expected to reach 7.28 Billion in 2028 growing at a CAGR of 4.80%%

  • Which are the prominent players in the market?

    The prominent players in the market are Indian Oil, Sinopec, China National Bluestar (Group), Exxon Mobil, KOST USA, Total, Royal Dutch Shell, Castrol, Motul, Chevron..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.80%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Engine Coolant include

    • The easy and ample availability of various organic chemicals is anticipated to augment the growth of the automotive engine coolant market during the forecast period. The chemicals including ethylene glycol, propylene glycol, and glycerin are easily available in developed country that help new entrants to develop such products, also drives the automotive coolant market across the globe. Furthermore, the increasing research and development activities within the chemical industry, automotive engine coolants are constantly subjected to technical innovations, in terms of material composition. This also fuels the growth of automotive engine coolant market across the globe.
    • The increasing demand for vehicles and automakers is expected to fuel the growth of the automotive engine coolant market in the years to come. This is owing to the rising urbanization and rising disposable income of the consumers. Furthermore, the constant investments in research & development for the development of cost-effective and eco-friendly products are also likely to support the global automotive engine coolant market during the forecast period.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive Engine Coolant in 2020.

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