Market Overview:
The global OAT coolant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for OAT coolants from various end-use industries, such as diesel engine, gasoline engine, and natural gas engine. In terms of type, the - 15°C type segment is projected to lead the global OAT coolant market during the forecast period. This can be attributed to its growing demand from end-use industries in North America and Europe.
Product Definition:
coolant is a liquid that is used to keep engines from overheating by conducting heat away from the engine and then dissipating it into the air.
- 15°C Type:
OAT Coolant is a special type of water used to cool the processing equipment. It's function is to remove heat from the system and prevent overheating which can damage the machinery and also cause injury or even death. OAT coolants are non-toxic, colorless, odorless & highly soluble in water; they do not affect aquatic life when disposed of properly.
The global OAT market size was estimated at USD 856 million in 2016.
- 20°C Type:
20°C type is a low-temperature liquid cooling system used in OAT (Outer Air Treatment) coolant systems. It helps to reduce the heat load on the air conditioning compressor and increases its life by reducing corrosion & scale formation. The 20°C type can be used with any water based or oil based coolants such as R-22, R-290, etc.
Application Insights:
Diesel engine is estimated to be the largest application segment over the forecast period. The demand for diesel engine OAT is expected to increase in developing countries due to rising demand for commercial vehicles and trucks. In addition, stringent regulations on reducing harmful exhaust emissions are likely to propel product demand in this segment over the coming years.
Gasoline engine application segment was valued at USD 544.3 million in 2017 owing to its higher thermal efficiency as compared with other types of engines and increasing fuel prices which have resulted in increased gasoline vehicle sales across various regions of the world including North America, Europe, Asia Pacific and Middle East & Africa over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automotive manufacturers such as Toyota, Honda, Suzuki and Isuzu has propelled the demand for OAT coolants in this region. In addition, rising disposable income among consumers is anticipated to fuel automobile sales in emerging economies such as China and India. This factor will have a positive impact on regional growth over the next eight years.
Europe accounted for a significant share of revenue owing to rapid technological advancements across major countries including Germany, France and Russia that are major consumers of natural gas engines used for heating purposes or refrigeration systems installed within commercial vehicles or heavy machinery applications respectively.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.8% during the forecast period, owing to the increasing disposable income and changing lifestyle of consumers. This is expected to result in an increase in demand for OAT coolants, as they are used in automotive cooling systems.
- Stringent emission norms: Stringent emission norms across different countries are driving the demand for OAT coolants, as they help reduce emissions from vehicles. For instance, Euro 6 emission norm was introduced in Europe in September 2014 and it mandates that all new passenger cars sold must meet specific emissions limits values for nitrogen oxides (NOx), hydrocarbons (HCs), and carbon monoxide (CO).
- Rising awareness about vehicle maintenance: There is an increasing awareness among consumers about the importance of vehicle maintenance and this is resulting in an increase in demand for OAT coolants worldwide. Consumers are now more inclined towards using products that can improve the performance and durability of their vehicles.
Scope Of The Report
Report Attributes
Report Details
Report Title
OAT Coolant Market Research Report
By Type
- 15°C Type, - 20°C Type, - 30°C Type, - 40°C Type, - 45°C Type, Other
By Application
Diesel Engine, Gasoline Engine, Natrual Gas Engine
By Companies
Recochem, ELF, Arteco, IACC, Prestone, PrixMax, PEAK Auto, EPPCO LUBRICANTS, Phillips 66, Chemtex Speciality Limited, BASF, Shell, Mobil, Totachi, Gold Modun
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global OAT Coolant Market Report Segments:
The global OAT Coolant market is segmented on the basis of:
Types
- 15°C Type, - 20°C Type, - 30°C Type, - 40°C Type, - 45°C Type, Other
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
Diesel Engine, Gasoline Engine, Natrual Gas Engine
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:
- Recochem
- ELF
- Arteco
- IACC
- Prestone
- PrixMax
- PEAK Auto
- EPPCO LUBRICANTS
- Phillips 66
- Chemtex Speciality Limited
- BASF
- Shell
- Mobil
- Totachi
- Gold Modun
Highlights of The OAT 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:
- - 15°C Type
- - 20°C Type
- - 30°C Type
- - 40°C Type
- - 45°C Type
- Other
- By Application:
- Diesel Engine
- Gasoline Engine
- Natrual Gas Engine
- 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 OAT 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
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- Product & Brand Management
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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?
OAT Coolant is a type of coolant that is used in engines. It is a mixture of water and ethylene glycol, and it helps to keep the engine cool.
Some of the major players in the oat coolant market are Recochem, ELF, Arteco, IACC, Prestone, PrixMax, PEAK Auto, EPPCO LUBRICANTS, Phillips 66, Chemtex Speciality Limited, BASF, Shell, Mobil, Totachi, Gold Modun.
The oat coolant market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. OAT Coolant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. OAT Coolant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. OAT Coolant Market - Supply Chain
4.5. Global OAT Coolant Market Forecast
4.5.1. OAT Coolant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. OAT Coolant Market Size (000 Units) and Y-o-Y Growth
4.5.3. OAT Coolant Market Absolute $ Opportunity
5. Global OAT Coolant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. OAT Coolant Market Size and Volume Forecast by Type
5.3.1. - 15°C Type
5.3.2. - 20°C Type
5.3.3. - 30°C Type
5.3.4. - 40°C Type
5.3.5. - 45°C Type
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global OAT Coolant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. OAT Coolant Market Size and Volume Forecast by Application
6.3.1. Diesel Engine
6.3.2. Gasoline Engine
6.3.3. Natrual Gas Engine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global OAT Coolant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. OAT Coolant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global OAT Coolant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. OAT Coolant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global OAT Coolant Demand Share Forecast, 2019-2026
9. North America OAT Coolant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America OAT Coolant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America OAT Coolant Market Size and Volume Forecast by Application
9.4.1. Diesel Engine
9.4.2. Gasoline Engine
9.4.3. Natrual Gas Engine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America OAT Coolant Market Size and Volume Forecast by Type
9.7.1. - 15°C Type
9.7.2. - 20°C Type
9.7.3. - 30°C Type
9.7.4. - 40°C Type
9.7.5. - 45°C Type
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America OAT Coolant Demand Share Forecast, 2019-2026
10. Latin America OAT Coolant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America OAT Coolant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America OAT Coolant Market Size and Volume Forecast by Application
10.4.1. Diesel Engine
10.4.2. Gasoline Engine
10.4.3. Natrual Gas Engine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America OAT Coolant Market Size and Volume Forecast by Type
10.7.1. - 15°C Type
10.7.2. - 20°C Type
10.7.3. - 30°C Type
10.7.4. - 40°C Type
10.7.5. - 45°C Type
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America OAT Coolant Demand Share Forecast, 2019-2026
11. Europe OAT Coolant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe OAT Coolant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe OAT Coolant Market Size and Volume Forecast by Application
11.4.1. Diesel Engine
11.4.2. Gasoline Engine
11.4.3. Natrual Gas Engine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe OAT Coolant Market Size and Volume Forecast by Type
11.7.1. - 15°C Type
11.7.2. - 20°C Type
11.7.3. - 30°C Type
11.7.4. - 40°C Type
11.7.5. - 45°C Type
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
119. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe OAT Coolant Demand Share, 2019-2026
12. Asia Pacific OAT Coolant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific OAT Coolant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific OAT Coolant Market Size and Volume Forecast by Application
12.4.1. Diesel Engine
12.4.2. Gasoline Engine
12.4.3. Natrual Gas Engine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific OAT Coolant Market Size and Volume Forecast by Type
12.7.1. - 15°C Type
12.7.2. - 20°C Type
12.7.3. - 30°C Type
12.7.4. - 40°C Type
12.7.5. - 45°C Type
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific OAT Coolant Demand Share, 2019-2026
13. Middle East & Africa OAT Coolant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa OAT Coolant Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa OAT Coolant Market Size and Volume Forecast by Application
13.4.1. Diesel Engine
13.4.2. Gasoline Engine
13.4.3. Natrual Gas Engine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa OAT Coolant Market Size and Volume Forecast by Type
13.7.1. - 15°C Type
13.7.2. - 20°C Type
13.7.3. - 30°C Type
13.7.4. - 40°C Type
13.7.5. - 45°C Type
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa OAT Coolant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global OAT Coolant Market: Market Share Analysis
14.2. OAT Coolant Distributors and Customers
14.3. OAT Coolant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Recochem
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ELF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arteco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IACC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Prestone
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PrixMax
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PEAK Auto
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EPPCO LUBRICANTS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Phillips 66
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chemtex Speciality Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BASF
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shell
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mobil
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Totachi
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Gold Modun
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
