Global Automotive Engine Oil Coolant Industry: Market Outlook 2018 To 2023

Posted by Abhijeet Bendre on January 8th, 2019

Automotive Engine Oil Coolant Market 2019 Global Industry Forecast To 2023 Report, published by Market Research Future, provides in-depth Global Automotive Engine Oil Coolant Market analysis by Type (Synthetic, Organic, Hybrid), Cooling Mechanism (Air Cooled, Liquid Cooled), Function (Engine Cooling, Corrosion Prevention), End Market (OEM, AfterMarket), Vehicle Type (Passenger, LCV, HCV), Region.

The key players in global automotive engine oil coolant market are MAHLE GmbH (Germany), Dana Incorporated (U.S.), Castrol (U.K.), Fluidyne Control Systems (P) Ltd (India), Titanx Engine Cooling, Inc. (U.S.), and PWR Holdings (Australia). Setrab (U.S.), Amsoil Inc. (U.S.), Blue Star Lubrication Technology LLC (U.S.), Valvoline (U.S.), Royal Dutch Shell (U.K.), and Chevron Corporation (U.S.) are among others.

The choice of the coolant to be used depend on various factors. The engine capacity, the average speed of the vehicle plying on the roads, the average environmental conditions and temperature, the type of metal used in the components, the duration for which the vehicle plies daily, and the average distance for which the automobile is used for the required activities, are some of them. The global automotive engine oil coolant market is expected to grow at 11% CAGR during the forecast period 2017 to 2023.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The U.S. population is particularly known for its preference of large road plying trucks that travel from coast to coast transporting goods and materials of all kinds. Additionally, people here, are known for their choice of large personalized vehicles such as mini trucks and SUVs, thus making this market an attractive proposition. Asia Pacific market (India, China and the South East Asian countries in particular) fall in the tropical region where engine heating is a big problem. Thus the market for engine oil coolant will consistently grow in this region. As for the Europe market, the consistent sale of automobiles and variety of high-end automobiles produced here make this region a strong contender for the growth of the engine oil coolant market.

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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