Automotive Coolant Aftermarket Research Report Information By Technology (Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT)), By Product (Ethylene Glycol, Propylene Glycol, Glycerin), By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

Automotive Coolant Aftermarket Market Overview

Automotive Coolant Aftermarket Size was valued at USD 1.1 Billion in 2022. The Automotive Coolant Aftermarket is projected to grow from USD 1.16 Billion in 2023 to USD 1.69 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.19% during the forecast period (2023 - 2032). Increasing vehicle sales, aging vehicle fleet, maintenance and repair activities, environmental regulations, technological advancements, increasing awareness of coolant importance, diy enthusiasts, competitive pricing, and globalization and market expansion, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Coolant Aftermarket Trends

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  Increasing vehicle sales is driving the market growth

  
  

Vehicle sales growth has a big impact on the dynamics and expansion of the car ac coolant. The number of vehicles on the road rises in tandem with rising auto sales. Every vehicle needs routine maintenance and occasional coolant replacements, which expands the market for aftermarket coolant suppliers. The growing number of vehicles on the road increases the need for coolant products, which propels market expansion. Additionally, as there are more automobiles on the road, the requirement for maintenance and repair work grows. Regular maintenance includes changing the coolant, which is normally advised every 2 to 5 years or as directed by the vehicle's manufacturer. The need for aftermarket coolant supplies to fulfill maintenance and repair requirements grows along with the vehicle population. Additionally, rising vehicle sales frequently result in the fleet's initial average age being lower. However, as time goes on, these vehicles deteriorate, which increases the amount of older vehicles needing upkeep and repairs. For older vehicles, replacing the coolant becomes essential to maintain the best engine efficiency and avoid overheating. Consequently, the demand for aftermarket coolant products is influenced by the rising number of older automobiles.

Additionally, the automobile sector has expanded significantly in emerging economies, where the recent boom in vehicle sales has occurred. These areas, including China, India, and Southeast Asian nations, have seen rapid urbanization and an increase in the middle class. The demand for aftermarket coolant products also develops in these developing regions as vehicle ownership becomes more widely available, thus boosting market growth.

Additionally, the term "vehicle parc" describes the total number of automobiles that are in use at any particular time. The car parc grows along with rising vehicle sales. This implies that the overall number of vehicles on the road will continue to increase even if the growth rate of vehicle sales begins to normalize. Because older vehicles need constant maintenance and coolant replacement, the growing vehicle fleet keeps up demand for aftermarket coolant supplies. Additionally, the increase in vehicle sales is not just related to passenger cars. Other vehicle categories, like light commercial vehicles, heavy-duty trucks, and motorbikes, are also experiencing growth. Each of these vehicle types requires coolant products, expanding the aftermarket coolant market's prospects. By customizing their product offers to match the distinct needs of each vehicle class, suppliers who cater to that sector can encourage market growth. Thus, driving the vehicle cooling system revenue.

Automotive Coolant Aftermarket Segment Insights

Automotive Coolant Aftermarket technology Insights

The Automotive Coolant Aftermarket segmentation, based on technology includes Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT). The inorganic additive technology (IAT) segment dominated the market, accounting for 45.65% of market revenue (78.48 Billion). In developing economies, category growth is driven by their corrosion protection properties, extended service intervals, compatibility with older vehicles, cost-effectiveness, wide availability, OEM recommendations, regulatory compliance, and established performance track record.

Automotive Coolant Aftermarket Product Insights

The Automotive Coolant Aftermarket segmentation, based on Product, includes Ethylene Glycol, Propylene Glycol, and Glycerin. The ethylene glycol category generated the most income (55.4%). Ethylene Glycol-based coolants have been used in the automotive industry for decades and have established a strong market presence.

Automotive Coolant Aftermarket Vehicle Type Insights

The Automotive Coolant Aftermarket segmentation, based on Vehicle Type, includes Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles. The passenger cars category generated the most income (60.35%). Passenger cars have a significantly larger market volume compared to heavy commercial vehicles and light commercial vehicles. This high volume translates into a larger customer base and higher coolant demand.

Figure 1: Automotive Coolant Aftermarket, by Vehicle Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Coolant Aftermarket Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Automotive Coolant Aftermarket dominated this market in 2022 (45.80%). This is due to the increase in the number of vehicle sales within the region. Moreover, China’s Car radiator fluid held the largest market share, and the Indian Automotive Coolant Aftermarket was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Coolant Aftermarket Share By Region 2022 (Usd Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Automotive Coolant Aftermarket is anticipated grow at fastest CAGR. This is due to the rise in number of local manufacturers in the region. Further, the German Automotive Coolant held the largest market share, and the UK Automotive Coolant was the fastest growing market in the European region.

The North America Automotive Coolant is held the significant market share. The automotive coolant is closely tied to the number of vehicles on the road. As global vehicle sales continue to rise, particularly in emerging economies, the demand for coolant products also increases. Further, the U.S. Automotive Coolant held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.

Automotive Coolant Aftermarket Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the car ac coolant, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Coolant industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Coolant industry to benefit clients and increase the market sector. In recent years, the Automotive Coolant industry has offered some of the most significant advantages to medicine. Major players in the Automotive Coolant Industry , including Valvoline Inc (US), Exxon Mobil Corporation (US), BASF SE (Germany), Total (France), Chevron Corporation. (US), Royal Dutch Shell plc (UK), OLD WORLD INDUSTRIES, LLC (US), Prestone Products Corporation (US), Arteco (Belgium), AMSOIL INC. (US), Recochem Corporation. (Canada), and Motul (France), among others, are attempting to increase market demand by investing in research and development operations.

Valvoline Inc (Valvoline) is a manufacturer and distributor of finished lubricants and automotive chemicals. The company offers passenger car motor oils and other automotive lubricant products. It also provides automotive chemicals, fluids, and coatings. The company products are sold through retail auto part stores, mass merchandisers, independent auto part stores and distributors. The company has blending, and packaging facilities located in the US, the Netherlands, India, Ecuador, and Australia. Valvoline’s products find application in a range of vehicles and engines including light-duty, heavy-duty, and electric vehicles. The company markets its products worldwide with most sales in North America . Valvoline is headquartered in Lexington, Kentucky, the US.

BASF SE (BASF) is a chemical company. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. BASF carries out R&D in alliance with global customers, scientists and partners. The company operates through a network of manufacturing facilities across the world. It has a presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. BASF is headquartered in Ludwigshafen, Germany.

Key Companies in the Automotive Coolant Aftermarket include

• Valvoline Inc


• Exxon Mobil Corporation


• BASF SE


• Total


• Chevron Corporation.


• Royal Dutch Shell plc


• OLD WORLD INDUSTRIES, LLC


• Prestone Products Corporation


• Arteco


• AMSOIL INC.


• Recochem Corporation.


• Motul

Automotive Coolant Industry Developments

October 2021 New e-fluids for electric and hybrid passenger cars were introduced by Gulf Oil.

November 2021 Redline detecting officially announced the engineering of a new diagnostic leak detecting technology that is primarily used in battery electric vehicles.

Automotive Coolant Market Segmentation

Automotive Coolant Market By Technology

• Inorganic Additive Technology (IAT)


• Organic Additive Technology (OAT)


• Hybrid Organic Acid Technology (HOAT)

Automotive Coolant Market By Product

• Ethylene Glycol


• Propylene Glycol


• Glycerin

Automotive Coolant Market By Vehicle Type

• Passenger Cars


• Heavy Commercial Vehicles


• Light Commercial Vehicles

Automotive Coolant Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America