Vehicle Coolant Market to Witness Enhanced Demand for Passenger Car, Commercial Vehicle and Motorcycle Applications Till 2021 | Million Insights

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May 21, 2018, 07:35 ET

FELTON, California, May 21, 2018 /PRNewswire/ --

Global Vehicle Coolant Market is segmented, by Product Type, into Ethylene Glycol, Propylene Glycol, and Glycerol. Coolant is used in nearly every automobile ranging from small engine motor bikes to heavy-duty commercial vehicles. Coolants perform three main functions; viz cooling down engine parts for avoiding overheating throughout use of the automobiles; maintaining minimum temperature level of engine and avoiding freezing when the vehicle is unused for long duration, particularly in cold climates and stopping corrosion of the metal machinery of the automobile.

The engine operating temperature needs to be preserved in an optimum range for engine's proper competence and operation. Elevated temperatures of engine tend to oxidize engine oil and break it down into hard carbon, thereby destroying it. Coolant does flow from the automobile engine; thereby picking up heat and gives to outdoor air. In ideal condition, the freezing point of a coolant remains -20 degree Fahrenheit where as boiling point normally does not surpass 234 degree Fahrenheit.

Vehicle coolants form an integral part of vehicles and are used in the engines and HVAC systems of the automobiles. They are used to stop freezing and heating, and prevent corrosion. Automotive coolants are generally made of ethylene glycol, but owing to its high toxicity l, automotive builders are shifting their preference to propylene glycol. The rising demand for automotive (passenger cars and commercial vehicles, especially LCV) in the emerging markets is driving the growth of the market. Vehicle Coolant Market is segmented, by Application, into Passenger Car, Commercial Vehicle, and Motorcycle. Vehicle Coolant Market is segmented by, Geographical Region into North America, Europe, Asia, and RoW.

Browse 107 page research report with TOC on "Global Vehicle Coolant Market" at: https://www.millioninsights.com/industry-reports/vehicle-coolant-market

North America is the largest automotive coolant market attributed to substantial number of vehicle and their vibrant country road/intercity connectivity. Europe and Asia Pacific follow suit. The automobile coolant is witnessing its highest growth in Asia Pacific, led by China and the other emerging countries such as India, Indonesia, Malaysia, Thailand, and Philippines. Rising middle class populace, increasing disposable income, emerging surface transportation infrastructure, craving possessing private vehicles, increasing mobility owing to development of satellite townships near megacities and increasing demand of goods transporters from micro, small and medium size enterprises are driving the automobile coolant market in Asia Pacific region.

Mounting automotive aftermarket and do it yourself (DIY) culture in North America and Europe is fueling the growth of automotive coolant market in these two regions. Vehicle Coolant Market Key Players include Castrol, Chevron, Exxon Mobil, Royal Dutch Shell, Sinopec, Total, China National Bluestar (Group), KOST USA, Indian Oil, Motul, Exxon Mobil Corp., Sinopec Corp. and Shandong Yuean Chemical Industry Co. Ltd.

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