China Automobile Coolant Market Forecast and Opportunities
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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The automotive coolant market size was valued at USD 7.59 Billion in 2023. The automotive coolant industry is projected to grow from USD 7.89 Billion in 2024 to USD 10.39 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.49% during the forecast period (2024 - 2032).
Automotive Coolant Market Trends
The growing usage of ethylene glycol in the automotive industry is driving market growth.
Market CAGR for automotive coolant is driven by the rising demand for ethylene glycol in the automotive industry. Ethylene glycol has a significantly lower melting point than water, which keeps engines of ethylene from freezing in the winter and works as a coolant to avoid overheating in the summer. Also, ethylene glycol is used in vehicles to absorb combustion heat which is expected to generate lucrative opportunities for the automotive coolant market revenue.
Automobile manufacturers are launching newer brands and products to offer customers customized automotive coolant and lubricant solutions, enhancing the automotive coolant market's share. Various OEMs are investing in the country through either joint ventures with introduced players or after FDI norms have been invested directly in setting up their production units or expanding their sales and dealership networks across the country. For instance, in December 2021, ExxonMobil announced that it had finalized corporate plans, which include increasing its spending to USD 15 billion on greenhouse gas emission-reduction assignments over the next six years while keeping disciplined capital acquisitions in its industry-leading portfolio.
In addition, the increasing number of HVAC equipment in manufacturing industries is expected to impact market growth positively. Thus, the factors above are expected to drive the market size over the projected period. There are certain restraints and challenges faced which will hinder market growth
Automotive Coolant Market Segment Insights
Automotive Coolant Product Insights
The automotive coolant market segmentation by product is ethylene glycol, propylene glycol, glycerin, and others. Ethylene glycol segment holds the largest market share in terms of market revenue. Ethylene glycol is most commonly used in car radiators for cooling due to its lower freezing point compared to water. It helps in absorbing heat from the engine and thereby prevents engine overheating and increasing application in automobile.
The segmentation of the automotive coolant market, in terms of vehicle type, constitutes passenger cars, heavy commercial vehicles, light commercial vehicles, and others. Passenger cars accounted for the highest revenues during the forecast period owing to the increasing need for utility vehicles in populous countries like China, India, and Brazil.
Automotive Coolant Technology Insights
The segmentation of the automotive coolant market, on the basis of technology, is inorganic additive technology (IAT), organic additive technology (OAT), and hybrid organic acid technology (HOAT). The organic additive technology (OAT) segment held the highest market share and generated significant revenue in the market during the forecast period. Leading manufacturers are producing automotive coolant with advanced technologies that help in the development of silica- and phosphate-free products to drive the market segment.
Automotive Coolant End User Insights
The segmentation of the automotive coolant market, on the basis of end-users, comprises Original Equipment Manufacturers (OEM) and Automotive Aftermarkets. The automotive aftermarket segment earned the highest revenue during the forecast period. This is due to the existence of a huge fleet of commercial vehicles and passenger cars in transit globally, and the majority of them require after-sales service for maintenance reasons.
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Automotive Coolant Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North America automotive coolant market will dominate this market, owing to increasing domestic production of automotive coolant that may help automotive coolant manufacturers cater to the rising demand for automotive coolants and boost the market growth in this region. Moreover, US automotive coolant market held the largest market share, and the Indian automotive coolant market was the fastest-growing market in the Asia-Pacific region.
Further, the prominent countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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key players
- Sinopec Corporation (China) A major player in China's petroleum and chemical industry, with a significant presence in the coolant market.
- Royal Dutch Shell (Netherlands) A global energy and petrochemical company with a strong presence in China's lubricant and coolant markets.
- ExxonMobil (U.S.) A global energy and chemical company, with a global presence in the automotive coolant market.
- BP (U.K.) A global energy company with a presence in the automotive coolant market through brands like Isocool.
- Total (France) A global energy company with a presence in the automotive coolant market.
- Chevron (U.S.) A global energy company with a presence in the automotive coolant market through brands like Delo.
- PETRONAS (Malaysia) A major player in the global lubricant and coolant market.
- Castrol A leading global lubricant and coolant brand, also operating in China.
- Cummins A global company focused on powertrain technology and aftermarket parts, including coolants.
- BASF A German chemical company that also produces automotive coolants.
- Lukoil A Russian oil and gas company with a presence in the global lubricant and coolant market.
- Motul A French lubricant company with a focus on automotive and motorcycle applications.
- China National Bluestar (Group) A major Chinese chemical manufacturer with a presence in the coolant market.
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