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
Research Methodology: Automotive Engine Coolant Market - Global Market Assessment, 2021 - 2028
The global Automotive Engine Coolantmarket research study involves reliable research methodology to arrive at the market estimations and forecasts. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Automotive Engine Coolant supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive Engine Coolant market size at regional and country level
- Market size and forecast by , , and
- Key industry players and their market share and Automotive Engine Coolant market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Automotive Engine Coolant supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive Engine Coolant market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Automotive Engine Coolant market.
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.
