Pune, India, March 16, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Automotive Engine Oil Coolant Market. The Automotive Engine Oil Coolant Market is expected to grow over the CAGR of around 11 % during the period 2017 to 2023.
The global automotive sales have seen a steady increase in the last couple of decades consistently. The variety and types of auto motives produced around the world are large. Still, the working principle that governs the functioning of any automotive remains the same. 90% automobiles produced globally run either on gasoline (petrol), which is finer or a more pure form of fuel, or diesel – which is considered the lesser pure or cruder variety of the two. The automotive engine, i.e., the internal combustion (I.C.) engine mainly functions on the combustion of fuel and the resultant energy produced from it. Fuel is injected from one of the nozzles in the engine and it is ignited causing combustion of the same. The by-products are heat and smoke. Out of the total heat produced, two third i.e. 67% is wasted away and only 33% is utilized for quality work (moving the crankshaft and thus the vehicle). The heat that is wasted away causes the engine and related parts to heat up. This if not looked into in time, will cause overheating of the internal components. This drastically reduces the efficiency of the automotive. Also, the overheating causes malfunctioning of the components and would alter their dimensions. This may lead to total engine failure causing the vehicle to stop dead in the middle of the road. This may result in fatalities, wastage of time and money, loss of man hours, wastage of material needed to be transported and most importantly causing escalating delay for allied activities. Another aspect of this is the corrosion and rusting caused due to constant exposure to heat and fuel causing deterioration of the parts again hampering efficiency and overall engine life. For avoiding all these things, proper care of the engine in the form of periodic maintenance and using the right quality of coolant is of utmost importance, thus highlighting the need for automotive engine oil coolant usage.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The U.S. population is particularly known for its preference of large road plying trucks that travel from coast to coast transporting goods and materials of all kinds. Additionally, people here, are known for their choice of large personalized vehicles such as mini trucks and SUVs, thus making this market an attractive proposition. Asia Pacific market (India, China and the South East Asian countries in particular) fall in the tropical region where engine heating is a big problem. Thus the market for engine oil coolant will consistently grow in this region. As for the Europe market, the consistent sale of automobiles and variety of high-end automobiles produced here make this region a strong contender for the growth of the engine oil coolant market.
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Global Automotive Engine Oil Coolant Market Size, 2017-2023(CAGR):
Scope of the Report
This study provides an overview of the Global Automotive Engine Oil Coolant Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Engine Oil Coolant Market by its Type, Cooling Mechanism, Function, End Market, Vehicle Type and Region.
The key players in Automotive Engine Oil Coolant Market are MAHLE GmbH (Germany), Dana Incorporated (U.S.), Castrol (U.K.), Fluidyne Control Systems (P) Ltd (India), Titanx Engine Cooling, Inc. (U.S.), and PWR Holdings (Australia). Setrab (U.S.), Amsoil Inc. (U.S.), Blue Star Lubrication Technology LLC (U.S.), Valvoline (U.S.), Royal Dutch Shell (U.K.), and Chevron Corporation (U.S.) are among others.