{"product_id":"automotive-coolant-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eAutomotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global automotive coolant market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eAutomotive coolant or antifreeze is a mixture of ethylene glycol or propylene glycol and water that is used to maintain the temperature of the vehicle within a specific range. It is also used to prevent automobile radiators from overheating in summer or freezing in winters, thus avoiding subsequent breakdowns. In addition to the base fluid, coolants consist of small quantities of corrosion inhibitors and antifoam agents, which enhance the overall effectiveness of the engine.\u003c\/p\u003e \n\n\u003cp\u003eThe thriving automotive industry across the globe is the key factor driving the growth of the market. In recent years, there has been an increase in the demand for passenger vehicles which is contributing to the market growth. Moreover, stringent regulatory policies for the safe disposal of antifreeze material and its recycling has enhanced the adoption of reusable coolant variants by the end users. Consumers are becoming aware of the need for proper disposal as used coolants contain undissolved heavy metals which are toxic for animals and can contaminate the soil. Additionally, manufacturers are formulating coolants through advanced technologies such as Inorganic Acid Technology (IAT), Hybrid Organic Acid Technology (HOAT) and Organic Acid Technology (OAT), which assist in creating silica- and phosphate-free product. Some of the other factors such as improvements in the average lifespan of vehicles, the introduction of environment-friendly coolants and rising disposable incomes of the consumers are also augmenting the growth of the market.\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group’s latest report provides a deep insight into the global automotive coolant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the automotive coolant market in any manner.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global automotive coolant market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, type, application and end-user.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product:\u003c\/p\u003e\n\n\u003cp\u003eEthylene Glycol \u003cbr\u003e\nPropylene Glycol\u003cbr\u003e\nGlycerin\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Type:\u003c\/p\u003e\n\n\u003cp\u003eInorganic Acid\u003cbr\u003e\nOrganic Acid\u003cbr\u003e\nHybrid Organic Acid\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003ePassenger Cars\u003cbr\u003e\nCommercial Vehicles\u003cbr\u003e\nTwo Wheelers\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by End-User:\u003c\/p\u003e\n\n\u003cp\u003eOEM\u003cbr\u003e\nAftermarket\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\n\u003cp\u003eNorth America\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nEurope\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\nLatin America\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003e\nThe report has also analyzed the competitive landscape of the market with some of the key players being Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A. and China Petrochemical Corporation (Sinopec Group) etc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003cbr\u003e\nHow has the global automotive coolant market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global automotive coolant industry?\u003cbr\u003e\nWhat are the key regional markets in the global automotive coolant industry?\u003cbr\u003e\nWhat is the breakup of the market based on the product?\u003cbr\u003e\nWhat is the breakup of the market based on the type?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat is the breakup of the market based on the end-user?\u003cbr\u003e\nWhat are the various stages in the value chain of the global automotive coolant industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the global automotive coolant industry?\u003cbr\u003e\nWhat is the structure of the global automotive coolant industry and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the global automotive coolant industry?\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"July, 2023 \/ 141 Pages \/ MCW16220652","offer_id":47631601926450,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/automotive-coolant-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}