Automotive Coolant & Lubricant Market - Global Industry Analysis

Automotive Coolant & Lubricant Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Automotive Report Format : PDF Report Code: ZMR-955 Status : Upcoming

Description

Global Automotive Coolant & Lubricant Market: Overview

People have become more selective while purchasing a vehicle, as there are many options available in the market. Many companies are focusing on bringing advanced features in the passenger cars; hence, owing to this, a capability of the consumers has increased. These cars need to be kept cool and lubricated for maximum output. A fluid that flows through the device in order to prevent the device from overheating or transferring heat from one device part to other which may either use or dissipate it is known as an automotive coolant. However, a substance that reduces friction between two mutual contact surfaces is known as a lubricant. It ultimately minimizes heat generated when the surfaces move.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Automotive Coolant & Lubricant Market: Growth Factors

Escalating demand for light passenger cars and heavy-duty vehicles along with HVAC systems is the major driving factor of the global automotive coolant and lubricant market. In addition, rising average lifespan of the vehicle and vehicle parc in operation are propelling the global demand for automotive coolant and lubricant in future. Increasing production and sale of the passenger cars have created ample opportunities for coolant and lubricant manufacturers. Rising consumer awareness about engine efficiency and automobile maintenance is an influential factor for industry growth.

Global Automotive Coolant & Lubricant Market: Segmentation

The global automotive coolant & lubricant market is fragmented based on the application as transmission lubricant, engine coolant, brake lubricant, HVAC coolant, and engine lubricant. Based on types, the global market is categorized as a light commercial vehicle, passenger car, and heavy commercial vehicle. Of these, the passenger car is the dominating type segment across the world, which accounted for the maximum share. Further, the global market is bifurcated based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Automotive Coolant & Lubricant Market: Regional Analysis

Asia Pacific is anticipated to be the largest market for automotive coolant & lubricant and it is anticipated to grow at a higher rate in future. Additionally, emerging economies such as India, China, and Japan are major contributors to the growth of the automotive coolant & lubricant in Asia Pacific. North America contributed for the largest market chunk in the coming years due to increased production of vehicles. However, to cater to the huge demand for automotive coolant & lubricant in this region, many original equipment manufacturers are expanding their market boosting the global automotive coolant & lubricant market in a positive way.

Global Automotive Coolant & Lubricant Market: Competitive Players

Major companies are operating in the global automotive coolant & lubricant markets are JX Nippon Oil & Energy Corporation, Sinopec Corporation, Conocophilips Lubricants, Royal Dutch Shell PLC, and Idemitsu Kosan Co. Ltd. Other players include Total S.A., Exxon Mobil Corporation, BP PLC, Petronas, Chevron Corporation, and Lukoil Company.

Global Automotive Coolant & Lubricant Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Testimonials to companies in order to fortify their foothold in the market.

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