Market Overview:
The global light vehicle coolant market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global light vehicle coolant market is segmented on the basis of type, application and region. On the basis of type, the global light vehicle coolant market is segmented into ethylene glycol coolant and propylene glycol coolant. Ethylene glycol dominates the global light vehicle coolant market with a share of more than 60%. It finds wide applications in passenger cars as well as commercial vehicles owing to its high boiling point and low freezing point properties. Propylene glycol has been gaining popularity in recent years due to its environmental friendly nature when compared with ethylene glycol.
Product Definition:
Light Vehicle Coolant is a fluid used in automotive cooling systems to remove heat from the engine. It is also known as antifreeze and engine coolant.
Ethylene Glycol Coolant:
Ethylene glycol is a colorless and toxic sweet-tasting liquid. It has a strong odor similar to that of ethyl alcohol. Ethylene Glycol is used as antifreeze for vehicles, coolants for heat transfer fluids, in hydraulic brake fluid and as an ingredient in fire extinguishers among other uses.
Propylene Glycol Coolant:
Propylene glycol is a colorless, odorless liquid that is miscible in water. It has a mild pleasant taste and it is commercially available at a very low price as compared to its counterpart, ethylene glycol. Propylene glycol can be used as an antifreeze for cooling applications in both non-polar and polar solvents.
Application Insights:
The light passenger vehicle segment led the global market and accounted for more than 70.0% share of the overall revenue in 2017. The growth is attributed to increasing demand for passenger cars from developing countries, such as China, India and Brazil. In addition, technological advancements coupled with growing sales of electric vehicles are expected to drive the demand over the forecast period.
Light commercial vehicles (LCVs) are expected to witness significant growth over the forecast period owing to rising applications in regions including Central & South America and Asia Pacific where road infrastructure is inadequate due to rapid urbanization along with increasing awareness regarding environmental protection among businesses operating LCVs/Trucks on a local level across various regions globally. This factor is anticipated to further boost product consumption during 2018-2030 period thereby benefiting industry participants involved in R&D activities relatedto automotive fluids & lubricants throughout this study timeframe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing sales of light commercial vehicles and passenger cars in China, India, and other Southeast Asian countries. Furthermore, rising disposable income levels in emerging economies such as China and India are expected to fuel demand for luxury vehicles including sports cars,MPV's/minivans etc., which will further propel industry growth over the forecast period.
North America was estimated as the second-largest regional market in 2017 on account of high penetration rates of light vehicles including passenger cars and LCVs/ HCVs driven by stringent government regulations regarding VOC emissions coupled with rising consumer awareness regarding vehicle maintenance schedules. The U.S.
Growth Factors:
- Increasing demand for light vehicles: The global production of light vehicles is expected to grow at a CAGR of more than 3% during the forecast period. This will lead to an increase in the demand for coolants, as they are essential components in these vehicles.
- Technological advancements: Coolant manufacturers are focusing on developing new and innovative products that can meet the changing needs of consumers. This is likely to result in an increase in the adoption of coolants by automotive OEMs worldwide.
- Stringent emission norms: Stringent emission norms are being implemented across various countries, which is leading to the increased use of coolants with low Global Warming Potential (GWP). This will help reduce environmental impact and promote sustainable growth within the market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Coolant Market Research Report
By Type
Ethylene Glycol Coolant, Propylene Glycol Coolant
By Application
Light Passenger Vehicle, Light Commercial Vehicle
By Companies
Prestone, Shell, Exxon Mobil, Castrol, Total, CCI, BASF, Old World Industries, Valvoline, Sinopec, CNPC, Lanzhou BlueStar, Zhongkun Petrochemical, KMCO, Chevron, China-TEEC, Guangdong Delian, SONAX, Getz Nordic, Kost USA, Amsoil, Recochem, MITAN, Gulf Oil International, Paras Lubricants, Solar Applied Materials, Pentosin, Millers Oils, Evans, ABRO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Coolant Market Report Segments:
The global Light Vehicle Coolant market is segmented on the basis of:
Types
Ethylene Glycol Coolant, Propylene Glycol Coolant
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Passenger Vehicle, Light Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Prestone
- Shell
- Exxon Mobil
- Castrol
- Total
- CCI
- BASF
- Old World Industries
- Valvoline
- Sinopec
- CNPC
- Lanzhou BlueStar
- Zhongkun Petrochemical
- KMCO
- Chevron
- China-TEEC
- Guangdong Delian
- SONAX
- Getz Nordic
- Kost USA
- Amsoil
- Recochem
- MITAN
- Gulf Oil International
- Paras Lubricants
- Solar Applied Materials
- Pentosin
- Millers Oils
- Evans
- ABRO
Highlights of The Light Vehicle Coolant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethylene Glycol Coolant
- Propylene Glycol Coolant
- By Application:
- Light Passenger Vehicle
- Light Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle Coolant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light vehicle coolant is a type of antifreeze that is used in small, lightweight vehicles. It is less viscous than regular antifreeze and doesn't require a pressure cap.
Some of the key players operating in the light vehicle coolant market are Prestone, Shell, Exxon Mobil, Castrol, Total, CCI, BASF, Old World Industries, Valvoline, Sinopec, CNPC, Lanzhou BlueStar, Zhongkun Petrochemical, KMCO, Chevron, China-TEEC, Guangdong Delian, SONAX, Getz Nordic, Kost USA, Amsoil, Recochem, MITAN, Gulf Oil International, Paras Lubricants, Solar Applied Materials, Pentosin, Millers Oils, Evans, ABRO.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Coolant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Coolant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Coolant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Coolant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Coolant Market Size & Forecast, 2018-2028
4.5.1 Light Vehicle Coolant Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Coolant Market Absolute $ Opportunity
Chapter 5 Global Light Vehicle Coolant Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Vehicle Coolant Market Size Forecast by Type
5.2.1 Ethylene Glycol Coolant
5.2.2 Propylene Glycol Coolant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Vehicle Coolant Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Vehicle Coolant Market Size Forecast by Applications
6.2.1 Light Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Coolant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Coolant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Vehicle Coolant Analysis and Forecast
9.1 Introduction
9.2 North America Light Vehicle Coolant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Vehicle Coolant Market Size Forecast by Type
9.6.1 Ethylene Glycol Coolant
9.6.2 Propylene Glycol Coolant
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Vehicle Coolant Market Size Forecast by Applications
9.10.1 Light Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Vehicle Coolant Analysis and Forecast
10.1 Introduction
10.2 Europe Light Vehicle Coolant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Vehicle Coolant Market Size Forecast by Type
10.6.1 Ethylene Glycol Coolant
10.6.2 Propylene Glycol Coolant
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Vehicle Coolant Market Size Forecast by Applications
10.10.1 Light Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Vehicle Coolant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Vehicle Coolant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Vehicle Coolant Market Size Forecast by Type
11.6.1 Ethylene Glycol Coolant
11.6.2 Propylene Glycol Coolant
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Vehicle Coolant Market Size Forecast by Applications
11.10.1 Light Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Vehicle Coolant Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Vehicle Coolant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Vehicle Coolant Market Size Forecast by Type
12.6.1 Ethylene Glycol Coolant
12.6.2 Propylene Glycol Coolant
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Vehicle Coolant Market Size Forecast by Applications
12.10.1 Light Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Vehicle Coolant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Vehicle Coolant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Vehicle Coolant Market Size Forecast by Type
13.6.1 Ethylene Glycol Coolant
13.6.2 Propylene Glycol Coolant
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Vehicle Coolant Market Size Forecast by Applications
13.10.1 Light Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Coolant Market: Competitive Dashboard
14.2 Global Light Vehicle Coolant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prestone
14.3.2 Shell
14.3.3 Exxon Mobil
14.3.4 Castrol
14.3.5 Total
14.3.6 CCI
14.3.7 BASF
14.3.8 Old World Industries
14.3.9 Valvoline
14.3.10 Sinopec
14.3.11 CNPC
14.3.12 Lanzhou BlueStar
14.3.13 Zhongkun Petrochemical
14.3.14 KMCO
14.3.15 Chevron
14.3.16 China-TEEC
14.3.17 Guangdong Delian
14.3.18 SONAX
14.3.19 Getz Nordic
14.3.20 Kost USA
14.3.21 Amsoil
14.3.22 Recochem
14.3.23 MITAN
14.3.24 Gulf Oil International
14.3.25 Paras Lubricants
14.3.26 Solar Applied Materials
14.3.27 Pentosin
14.3.28 Millers Oils
14.3.29 Evans
14.3.30 ABRO
