The primary function of coolant in automotive vehicles is to transfer the excess heat from internal combustion engines. In addition, coolant is also used to remove heat from the vehicle interior.
Dallas, TX -- (SBWIRE) -- 04/23/2015 -- The report Automotive Coolant & Lubricant Market by Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission), Region & Aftermarket - Global Trends & Forecast to 2019", defines and segments the automotive coolant and lubricant markets with analysis and forecast of the global volume and value. The global automotive coolant and lubricant markets are projected to grow at a CAGR of 6.73% and 8.10% respectively from 2014 to 2019 to reach a volume of 346.6 million gallon and 408.4 million gallon respectively by 2019.
Browse 95 market data tables and 59 figures spread through 170 pages and in-depth TOC on Automotive Coolant & Lubricant Market.
Early buyers will receive 10% customization on reports.
The Asia-Pacific region comprises countries such as China, Japan, South Korea, and India. The region is dominated by developing countries such as India and China, wherein the automotive industry is growing at a significant rate. The growing demand for light passenger vehicles, the rise in the average lifespan of vehicles in operation, and the increasing number of vehicle manufacturing facilities owing to the low cost of production in these countries has led to an increased production capacity. The rising demand for light and heavy commercial vehicles is also driving the markets for automotive coolant and lubricant in these countries. The sizes of the automotive coolant and lubricant markets by volume in the Asia-Pacific region are projected to grow at a CAGR of 6.55% and 7.66% respectively from 2014 to 2019.
Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=254296375
The coolant and lubricant industries in Europe are dominated by U.K., Germany, France and Italy, owing to the automobile production volume in these countries. However, the automotive industry has reached its maturity stage in Western Europe. As a result of this, OEMs are now shifting their focus towards Eastern European countries. Thus, many coolant and lubricant manufacturers are setting up blending plants and R&D centers in Eastern European countries such as the Netherlands and Russia. The sizes of the European automotive coolant and lubricant markets by volume are projected to grow at a CAGR of 5.68% and 6.51% respectively from 2014 to 2019.
The North America region comprises countries such as the U.S., Canada, and Mexico and is also a matured market for the automotive industry. It is however, also an automotive hub for many OEMs such as General Motors, Chrysler, and Ford Motors. OEMs are entering into partnerships with major lubricant and coolant manufacturers. Countries where the automotive industry is currently growing, like Mexico and Canada, would drive the demand for coolant and lubricant. The sizes of the North American automotive coolant and lubricant markets in terms of volume are projected to grow at a CAGR of 8.11% and 10.61% respectively from 2014 to 2019.
The report covers the global automotive coolant and lubricant markets in terms of volume (million gallon) and value ($million) across the regions of Asia-Pacific, Europe, North America and the rest of the world (RoW). It explains the qualitative and quantitative aspects of automotive coolant and lubricant. The report briefly illustrates the automotive coolant and lubricant markets on the basis of geography, product, vehicle type, and aftermarket from 2014 to 2019.
The report also includes analysis of the value chain, Porter's Five Forces analysis, PEST analysis, the competitive landscape, and company profiles. In addition to this, 10 key players in the automotive coolant and lubricant industries have been profiled.
Browse Related Reports
Automotive Powertrain Market by Position (FWD, RWD, & AWD), Vehicle Type (Passenger Car, LCV, & HCV), Engine Type (Gasoline & Diesel) & Geography (Asia-Oceania, Europe, North America, & ROW) - Industry Trends & Forecast to 2019
Automotive Transmission Market by Vehicle Type (Passenger Car, LCV, & HCV), Transmission Type (Manual, Automatic, AMT, & CVT), & Region (Asia-Oceania, Europe, North America, & ROW), Industry - Trends & Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252