Automotive Coolant and Lubricant Market size is anticipated to be very slow in growth. The Asia Pacific region is expected to be leading the global Automotive Coolant & Lubricant Market followed by North America and is expected to grow during the forecast period of 2021 – 2026.
Automotive Coolant and Lubricant Market Drivers and Restraints:
The quick increment in sales of vehicles in developing nations and the advancement of the framework has made a substantial demand for these coolants and lubricants, where the coolant contributes around 66% to the overall coolant and lubricant market as far as value. Different drivers of lubricants and coolant market are the expanding interest for light passengers’ vehicles and heavy-duty vehicles, expanding costs of traditional fuels, and the ascent in the average life expectancy of vehicles in the activity. Likewise, stringent emission standards forced by governments will similarly drive the lubricants and coolant markets for the automotive. The selection of bio-based oils that will diminish unsafe ecological impacts is the present pattern, and it will support the general development of the market. The interest in eco-friendliness of vehicles has prompted the supplanting of conventional lubricants with engineered lubricants.
Automotive Coolant and Lubricant Market Developments:
Automotive Coolant and Lubricant Market Size and Growth Rate:
The sizes of the global automotive coolant and lubricant markets in terms of volume are projected to grow at a CAGR of 10.73% and 12.10% respectively from 2021 to 2026 and reach 350.83 million gallons and 412.72 million gallons by 2026.
Market Taxonomy:
Automotive Coolant and Lubricant Market Geographical Presence:
By geography, the Automotive Coolant and Lubricant Market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. The business sectors for coolant and lubricant are assessed to be the biggest in the Asia Pacific region, which has a piece of the overall industry of about 53.63% and 51.68% for lubricant and coolant separately in 2017. China is a significant supporter of the development of the lubricant and coolant market in the Asia Pacific region. The worldwide interest for the lubricant and coolant markets are impelled by the expanding number of vehicles over the globe, the up and coming government guidelines, and the expanding lifespan expectancy of vehicles. North America is assessed to hold the second position in the business sectors for lubricant and coolant in 2017. A noteworthy supporter of these business sectors in the North America region is the U.S., which has the most significant manufacturing facilities of vehicles in this area.
Prominent key players of the Automotive Coolant and Lubricant Market:
The key market players are Sinopec Corporation (China), J.X. Nippon Oil & Energy Corporation, Royal Dutch Shell Plc (Netherland), ConocoPhillips Lubricants, Exxon Mobil Corporation (U.S.), Royal Dutch Shell PLC, B.P. Plc (U.K.), Idemitsu Kosan Co. Ltd., Total S.A. (France), Chevron Corporation (U.S.), Lukoil Company, and PETRONAS (Malaysia).
Syntix Lubricants renders high-quality lubricants, coolants, greases and fluids for the entire automotive industry, allowing dealerships and professional garages to keep quality in their services to consumers. On meeting with each automotive organization, the company provides a customized supply of high-quality products, monitoring and adjusting usage, salvation, and costs to enable the sufficient trading flow.
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Coolant & Lubricant Market, By Vehicle Type
6.1.1 Passenger Car
6.1.2 LCV
6.1.3 HCV
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Automotive Coolant & Lubricant Market, By Application
6.2.1 Coolant-Engine & HVAC
6.2.2 Lubricant-Engine
6.2.3 Brake
6.2.4 Transmission
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Automotive Coolant & Lubricant Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Vehicle Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Vehicle Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Vehicle Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Vehicle Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Vehicle Type
7.6.3 By Application
8. Key Player Analysis
8.1 Sinopec Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 JX Nippon Oil & Energy Corporation
8.3 Royal Dutch Shell Plc
8.4 Conocophilips Lubricants
8.5 Exxon Mobil Corporation
8.6 Royal Dutch Shell PLC
8.7 BP Plc
8.8 Idemitsu Kosan Co. Ltd.
8.9 Total S.A.
8.10 Chevron Corporation
8.11 Lukoil Company
8.12 PETRONAS
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
