Automotive Coolant Market

Global Automotive Coolant Market:

The global automotive coolant market size reached USD 5.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.31% during 2025-2033. The escalating need for passenger vehicles is stimulating the market.

Automotive Coolant Market Analysis:

• Major Market Drivers: Stringent regulatory standards for the proper disposal and recycling of antifreeze material pose as automotive coolant market growth drivers.
• Key Market Trends: The popularity of eco-friendly coolant formulations due to stricter guidelines and increased environmental concerns is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent players in the market include Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A., and China Petrochemical Corporation (Sinopec Group).
• Geographical Trends: In North America, the growing demand for electric vehicles is driving the need for proficient coolant solutions. In Asia Pacific, rapid automotive production growth contributes to the demand for low-cost coolants. Due to stronger environmental restrictions, eco-friendly and biodegradable coolants are becoming more popular throughout Europe. The burgeoning automotive aftermarket in Latin America is increasing the adoption of aftermarket coolant products. Moreover, difficult climate conditions in the Middle East and Africa are driving demand for high-performance coolants that can endure extreme temperatures.
• Challenges and Opportunities: Addressing the growing need for eco-friendly and long-lasting coolants that adhere to environmental necessities hinders the market. However, developing innovative formulations with biodegradable and sustainable materials is one of the automotive coolant market business opportunities.

Automotive Coolant Market Trends:

Regional Focus on Extreme Climate Adaptation

In regions such as parts of Asia Pacific, extreme temperature variations necessitate the use of specific coolant formulas. To operate a car in these conditions, high-performance coolants that can withstand extreme heat or cold are necessary. In February 2024, ZF Aftermarket enhanced its manufacturing footprint by introducing a 'Made in India' product range. It provides a high-quality coolant that regulates temperature well. This coolant meets IS 5759:2006 specifications for good thermal stability, low viscosity, and corrosion resistance.

Rising Demand for Rising Demand for Electric Vehicle (EV) Coolants

As the requirement for electric vehicles (EVs) expands, so does the automotive coolant market demand. EV batteries and components generate a lot of heat, necessitating coolants with special thermal management capabilities. In July 2024, FORVIA HELLA unveiled the Coolant Control Hub max (CCH max), an advanced system centralizing thermal management in electric vehicles. It uses a water-glycol cooling circuit to manage the temperature of the drivetrain, battery, and interior, significantly reducing the number of necessary components. This leads to an 80% reduction in refrigerant use, thereby is one of the automotive coolant industry trends.

Emergence of Low-Carbon Hydrogen-Based Coolants

The automotive coolant market overview is exploring low-carbon hydrogen formulations, which can help reduce greenhouse gas emissions from typical coolant production by employing cleaner energy sources. In September 2024, Mitsubishi and ExxonMobil signed a Project Framework Agreement for Mitsubishi Corporation's participation in ExxonMobil's facility in Baytown, Texas, which is expected to produce virtually carbon-free hydrogen with approximately 98% of carbon dioxide (CO2) removed and low-carbon ammonia.

Global Automotive Coolant Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the automotive coolant market forecasts at the global and regional levels for 2025-2033. Our report has categorized the market based on product, type, application, and end-user.

Breakup by Product:

• Ethylene Glycol 
• Propylene Glycol
• Glycerin
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes ethylene glycol, propylene glycol, and glycerin.

Ethylene glycol is the most commonly used coolant because of its excellent heat transmission properties and reasonable price. However, since they are harmful, there is a growing need for safer substitutes. A less harmful alternative that is becoming more and more popular is propylene glycol, particularly in environmentally delicate areas, such as North America and Europe. Glycerin, a biodegradable and renewable coolant, is becoming more and more of a sustainable alternative, although its adoption is still lesser due to greater production costs. This accounts for a significant automotive coolant market share.

Breakup by Type:

• Inorganic Acid
• Organic Acid
• Hybrid Organic Acid
• Others
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes inorganic acid, organic acid, hybrid organic acid, and others.

As per the automotive coolant market outlook, inorganic acid technology (IAT) coolants, usually comprising silicate or phosphate, have frequently been used in older vehicles because of their potent corrosion protection. They are no longer as common in newer cars, though, because of their limited lifespan. Organic acid technology (OAT) coolants are growing in popularity because they offer more environmentally friendly and long-lasting protection, which makes them appropriate for modern cars. Manufacturers prefer hybrid organic acid technology (HOAT) because it extends protection and works with many kinds of engines. HOAT combines the advantages of both IAT and OAT. Due to their ability to last and satisfy the needs of high-performance cars, HOAT coolants are becoming more and more popular.

Breakup by Application:

• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes passenger cars, commercial vehicles, two wheelers, and others.

Passenger cars require long-lasting, high-performance coolants that support modern engine technologies to maintain optimal performance. Commercial vehicles, such as trucks and buses, demand strong coolants with enhanced heat management capabilities due to their heavy usage and extended operating hours. Two wheelers need affordable coolants with robust thermal stability. These segments are contributing to shaping automotive coolant market dynamics.

Breakup by End-User:

• OEM
• Aftermarket
   

The report has provided a detailed breakup and analysis of the market based on the end-user. This includes OEM and aftermarket.

According to the automotive coolant market statistics, OEM coolants are provided straight from the manufacturers and are specially designed to satisfy the needs of brand-new automobiles. To guarantee optimum performance and compatibility with their engines, Toyota and BMW, for instance, supply coolants under their brands. On the other side, the aftermarket segment provides car owners who want to enhance or replace their original equipment. In the aftermarket, companies, such as Prestone and Zerex, are industry leaders with a variety of universal coolants that fit different car models and are reasonably priced, giving customers options they can afford.

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
   

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America.

As per the automotive coolant market price analysis, North America is experiencing a surge in demand for sophisticated coolants due to stringent emissions rules and the growing number of electric vehicles on the road. In Asia Pacific, the rapidly growing car production industry is driving demand for affordable coolant solutions, which shows a preference for cost-effective options to meet the region's increasing vehicle production needs. Europe is focusing on environmentally friendly coolants in response to strict environmental regulations. Latin America's rising automotive aftermarket supports the region's high demand for coolant replacements in older vehicles. The Middle East and Africa have a significant need for high-performance coolants that can withstand extreme temperatures, as the harsh climate places additional strain on vehicle cooling systems.

Competitive Landscape:

The research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major automotive coolant companies have also been provided. Some of the key players in the market include:

• Total S.A. (Total)
• ExxonMobil
• Castrol Limited
• The British Petroleum Plc
• Cummins Inc.
• Royal Dutch Shell Plc
• BASF SE
• Chevron Corporation
• The PJSC LUKOIL
• Motul S.A.
• China Petrochemical Corporation (Sinopec Group)
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Automotive Coolant Market Recent Developments:

• September 2024: Mitsubishi and ExxonMobil signed a Project Framework Agreement for Mitsubishi Corporation's participation in ExxonMobil's facility in Baytown, Texas, which produces virtually carbon-free hydrogen with approximately 98% of carbon dioxide (CO2) removed and low-carbon ammonia.
• July 2024: FORVIA HELLA unveiled the Coolant Control Hub max (CCH max), an advanced system centralizing thermal management in electric vehicles. It uses a water-glycol cooling circuit to manage the temperature of the drivetrain, battery, and interior, significantly reducing the number of necessary components.
• February 2024: ZF Aftermarket enhanced its manufacturing footprint by introducing a 'Made in India' product range. It provides a high-quality coolant that regulates temperature well.

Automotive Coolant Market Report Scope:

Key Questions Answered in This Report:

• How has the global automotive coolant market performed so far, and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global automotive coolant industry?
• What are the key regional markets in the global automotive coolant industry?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the global automotive coolant industry?
• What are the key driving factors and challenges in the global automotive coolant industry?
• What is the structure of the global automotive coolant industry, and who are the key players?
• What is the degree of competition in the global automotive coolant industry?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive coolant market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global automotive coolant market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive coolant industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.