United States Automotive Coolant Market Growth, Size, Trends, Demand, Share and Future Outlook
United States Automotive Coolant Market Size- By Vehicle Type, Chemical Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: AMIN24143 | Pages: 1 - 105 | Formats*: |
| Category : Automotive & Transportation | |||
United States Automotive Coolant Market Introduction and Overview
According to SPER Market Research, the United States Automotive Coolant Market is estimated to reach USD 2,489.98 million by 2033 with a CAGR of 8.11%.
The report includes an in-depth analysis of the United States Automotive Coolant Market, including market size and trends, product mix, applications, and supplier analysis. Automotive coolant, also known as antifreeze, is a mixture of ethylene glycol or propylene glycol and water used to keep a vehicle's temperature within a certain range. It is also used to keep automotive radiators from overheating in the summer or freezing in the winter, minimising future problems. Coolants, in addition to the base fluid, contain tiny amounts of corrosion inhibitors and antifoam chemicals, which improve engine performance overall.
- UPM Biochemicals and HAERTOL established a strategic cooperation in February 2023 to develop a new line of carbon-neutral engine and battery coolants to help automakers minimise their CO2 footprint.
- In August 2022, Valvoline Cummins released Valvoline Advanced Coolant, a glycol-based full-antifreeze coolant for autos and commercial vehicles. The coolant contains OAT technology, which provides a service life of 5 years or up to 5,00,000 kilometres each drain interval.
- Castrol introduced the new Castrol ON e-thermal fluid in July 2021, an advanced new 'direct' battery e-thermal fluid that would allow future generations of EVs to charge faster while also providing improved performance, protection, and sustainability.
Market Opportunities and Challenges
Opportunities: The growing need for ethylene glycol in the automobile industry is expected to drive the automotive coolant market. Ethylene glycol has a far lower melting point than water, which keeps ethylene engines from freezing in the winter and acts as a coolant to prevent overheating in the summer. Furthermore, ethylene glycol is utilised in automobiles to absorb combustion heat, which is projected to create profitable prospects in the worldwide automotive coolant market. Furthermore, rising vehicle sales and production in developing countries, as well as a thriving automotive sector worldwide, will create a number of new opportunities that will drive the automotive coolant market's expansion during the projection period.
Challenges: The demand for coolant solutions may fall as more people switch to electric and hybrid automobiles, which do not require the same engine cooling systems as combustion engines. This could have a long-term effect on the market for coolant products and services. Furthermore, automotive coolants are composed of ethylene glycol, propylene glycol, or glycerine. These compounds are a byproduct of crude oil processing. Crude oil prices change dramatically, which has a significant impact on the pricing of these essential liquids. The average price of crude oil fluctuates dramatically. Automotive coolant prices are affected by crude oil variations because ethylene, propylene, and glycerine are all byproducts of crude oil. This has a huge impact on the US automobile coolant market and related services.
Market Competitive Landscape
The automotive coolant market competitive landscape gives information by competitor. Details include the company's overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The aforementioned data points are only relevant to the companies' emphasis on the automotive coolant industry. Royal Dutch Shell, ExxonMobil Corporation, Chevron Philips Corporation, Sinopec, Total S.A., Kost USA, Motul, Ashland Corporation, British Petroleum PLC, Lukoil, Petronas, and Sinclair Oil Corporation are among the leading participants in the automotive coolant market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Chemical Type |
| Regions covered | Northeast, South, Midwest, West |
| Companies Covered | Royal Dutch Shell, ExxonMobil Corporation, Chevron Philips Corporation, Sinopec, Total S.A., Kost USA, Motul, Ashland Corporation, British Petroleum PLC., Lukoil, Petronas, Sinclair Oil Corporation. |
COVID-19 Impact on United States Automotive Coolant Market
The COVID-19 pandemic had a significant influence on the worldwide economy. Concerns about prospective firm closures and a recession impacted the automobile coolant market. Furthermore, new car registrations have been declining as lockdown orders limit the number of vehicles on the road. However, the automotive sector is already recovering from its losses and preparing to introduce high-quality products to meet expanding customer demand around the world. The automotive industry experienced significant increase in terms of production in 2022, and it is expected to continue to rise during the projected period. With more automobiles on the road, the demand for coolant is expected to rise significantly during the forecast period.
Key Target Audience
- Automotive coolant manufacturers
- Automotive distributors
- Automotive industry associations
- Automotive maintenance and repair service providers
- Automotive OEMs (Original Equipment Manufacturers)
- Automotive parts retailers
- Commercial vehicle fleet operators
- Government regulatory bodies (related to automotive safety and environmental standards)
- Research institutions and laboratories focusing on automotive fluids
- Vehicle owners and enthusiasts
Our in-depth analysis of the United States Automotive Coolant Market includes the following segments:
| By Vehicle Type: |
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| By Chemical Type: |
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Key Topics Covered in the Report:
- United States Automotive Coolant Market Size (FY’2024-FY’2033)
- Overview of United States Automotive Coolant Market
- Segmentation of United States Automotive Coolant Market By Vehicle Type (Passenger Car, Commercial Vehicle)
- Segmentation of United States Automotive Coolant Market By Chemical Type (Ethylene Glycol, Propylene Glycol)
- Statistical Snap of United States Automotive Coolant Market
- Expansion Analysis of United States Automotive Coolant Market
- Problems and Obstacles in United States Automotive Coolant Market
- Competitive Landscape in the United States Automotive Coolant Market
- Impact of COVID-19 and Demonetization on United States Automotive Coolant Market
- Details on Current Investment in United States Automotive Coolant Market
- Competitive Analysis of United States Automotive Coolant Market
- Prominent Players in the United States Automotive Coolant Market
- SWOT Analysis of United States Automotive Coolant Market
- United States Automotive Coolant Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Automotive Coolant Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Automotive Coolant Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Automotive Coolant Market
7. United States Automotive Coolant Market, By Vehicle Type (USD Million) 2020-2033
7.1. United States Automotive Coolant Market Size, Share and Forecast, By Vehicle Type, 2020-20267.2. United States Automotive Coolant Market Size, Share and Forecast, By Vehicle Type, 2027-20337.3. Passenger Car7.4. Commercial Vehicle
8. United States Automotive Coolant Market, By Chemical Type (USD Million) 2020-2033
8.1. United States Automotive Coolant Market Size, Share and Forecast, By Chemical Type, 2020-20268.2. United States Automotive Coolant Market Size, Share and Forecast, By Chemical Type, 2027-20338.3. Ethylene Glycol8.4. Propylene Glycol
9. United States Automotive Coolant Market Forecast, 2020-2033 (USD Million)
9.1. United States Automotive Coolant Market Size and Market Share
10. United States Automotive Coolant Market, By Region, 2020-2033 (USD Million)
10.1. United States Automotive Coolant Market Size and Market Share By Region (2020-2026)10.2. United States Automotive Coolant Market Size and Market Share By Region (2027-2033)10.3. Northeast10.4. South10.5. Midwest10.6. West
11. Company Profile
11.1. Royal Dutch Shell
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. ExxonMobil Corporation
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Chevron Philips Corporation
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Sinopec
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Total S.A
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Kost USA
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Motul
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Ashland Corporation
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. British Petroleum PLC
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Lukoil
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Petronas
11.11.1. Company details11.11.2. Financial outlook11.11.3. Product summary11.11.4. Recent developments
11.12. Sinclair Oil Corporation
11.12.1. Company details11.12.2. Financial outlook11.12.3. Product summary11.12.4. Recent developments
11.13. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Automotive Coolant Market is projected to reach USD 2,489.98 million by 2033, growing at a CAGR of 8.11% during the forecast period.
United States Automotive Coolant Market grew in Market size from 2022. The Market is expected to reach USD 2,489.98 million by 2033, at a CAGR of 8.11% during the forecast period.
United States Automotive Coolant Market CAGR of 8.11% during the forecast period.
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United States Automotive Coolant Market size is USD 2,489.98 million from 2024 to 2033.
United States Automotive Coolant Market Segment is covered By Vehicle Type, By Chemical Type.
The North America is anticipated to have the highest Market share in the United States Automotive Coolant Market.
The key players in the Market include Companies Covered Royal Dutch Shell, ExxonMobil Corporation, Chevron Philips Corporation, Sinopec, Total S.A., Kost USA, Motul, Ashland Corporation, British Petroleum PLC., Lukoil, Petronas, Sinclair Oil Corporation.
Automotive coolant, also known as antifreeze, is a mixture of ethylene glycol or propylene glycol and water used to keep a vehicle's temperature within a certain range.
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