Automotive Engine Coolant Market
Automotive Engine Coolant Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0767
Segments Covered
By
Organic Chemical Types Ethylene Glycol, Propylene Glycol, Glycerin
-
By
Application Passenger Car, Commercial Vehicle, Two wheelers
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
5.24 Billion |
 Revenue 2028:
|
7.28 Billion |
 Revenue CAGR
(2021 - 2028): |
4.80% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Organic Chemical Types, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Organic Chemical Types, the market is divided into Ethylene Glycol, Propylene Glycol, Glycerin. Ethylene glycol is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Passenger Car, Commercial Vehicle, Two wheelers. Passenger Car attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Automotive Engine Coolant Market: Organic Chemical Types Segment Analysis
-
- Ethylene Glycol
- Propylene Glycol
- Glycerin
Global Automotive Engine Coolant Market: Application Segment Analysis
-
- Passenger Car
- Commercial Vehicle
- Two wheelers
FAQ
Frequently Asked Question
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.
