Automotive Coolant Market – Industry Analysis and Forecast (2016-2024) By Product Type, Application, Technology and By Region.

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Automotive Coolant Market was valued at 8.4 billion in 2016, exhibiting a CAGR of 6.35% during 2016-2024Automotive Coolant MarketAutomotive Coolant Market1Organic chemicals, such as Ethylene Glycol, Di-Ethylene Glycol, or Propylene Glycol can be used as coolants for automotive applications. Ethylene Glycol is chosen mostly as the Automotive Coolant Market. The ethylene glycol, on the other hand, is highly toxic and requires careful disposal. Therefore, the coolant industries gradually began developing coolants that were less toxic.

Various metal parts of engine present within vehicle tend to overheat due to contamination by impurities and extreme usage, which may cause the failure of engine leading to the usage of automotive coolants. Engine coolant provides several advantages such as improving the life of the vehicle and dropping the number of maintenances or repairs. These benefits are expected to increase the Automotive Coolant Market during the forecast period.

Asia-Pacific (APAC) region held a very large share of the Automotive Coolant Market globally. Europe stands second, followed by North America. In recent years, demand for passenger cars and commercial vehicles have rapidly increased in the APAC region, leading to growth in demand for coolants in this region, which will, in turn, drive the Automotive Coolant Market.Automotive Coolant Market2
Key Players Analysed in the Automotive Coolant Market:

• Castrol Limited
• Exxon Mobil Corp
• Royal Dutch Shell plc
• Sinopec Lubricant Company
• Ashland
• Sinclair Oil Corporation
• Havoline
• Chevron Corporation
• British Petroleum
• Valvoline
• Chevron Philips Corporation
• Sinopec
• Total S.A.
• Kost USA
• Motul
• Ashland Corporation
• Lukoil
• Petronas
• Sinclair Oil Corporation
• Rudson
• Amsoil
• Bluestar Lubrication Technology
The scope of the Automotive Coolant Market:

Automotive Coolant Market, By Product Type:
• Ethylene Glycol
• Propylene Glycol
• Glycerin

Automotive Coolant Market, By Application:
• Passenger Car
• Commercial Vehicle
• Motorcycle

Automotive Coolant Market, By Technology:
• Inorganic Acid Technology
• Organic Acid Technology
• Hybrid Organic Acid Technology

Automotive Coolant Market, By Region:
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific.

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This Report is published by Maximize Market Research