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Automotive coolant additives use three technologies i.e. Conventional or IAT (Inorganic Additive Technology), Hybrid and OAT (Organic Acid Technology). Automotive coolant additives based on IAT use chemicals, such as phosphates, silicates, nitrites, etc. Automotive coolant additives based on OAT use organic acid & azole and automotive coolant additives based on hybrid technology use both organic acid & commercial chemicals but use the organic acid as the primary functional material.
Automotive Coolant Additives Market: Market Dynamics
Demand for automotive coolants additives is estimated to increase over the forecast period due to growing usage of vehicles. Automotive coolant consumption is highly dependent on the distance travelled by the vehicle. Thus, high inclination & dependency of the society on vehicles for commutation is expected to give a boost to the automotive coolant additives market. Attributes, such as high boiling point & high absorption of heat, are expected to increase the consumption of automotive coolant additives in the long-term scenario. Likewise, increase in vehicle production is also expected to create demand space for automotive coolant additives. Also, individual preference towards the adoption of high-end coolants for better vehicle performance is also expected to fuel the growth of the automotive coolant additives market. However, growing electric vehicle industry is proving as a stumbling block in automotive coolant additives market limiting the scope of coolant additives to conventional vehicles with an average growth rate.
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Automotive Coolant Additives Market: Region Wise Trends
North America is one of the largest consumers of automotive coolant additives due to the presence of a huge number of vehicles. It is closely followed by Europe as the region is showing immense potential for high-end coolants with high amounts of automotive coolant additives. The growth of automotive coolant additives is expected to be highest in APAC, led by China as well as some other emerging countries, such as India and ASEAN countries. Developing surface transport structure in MEA is expected to create market opportunities for automotive coolant additives manufacturers. Increasing mobility in LA & EE is expected to create demand space for automotive coolant additives. Despite an extensive automotive vehicle infrastructure, Japan is expected to be the least growing country in the automotive coolant additives market.
Examples of some of the market participants identified across the value chain of the global Automotive Coolant Additives market include:
- Cummins Filtration
- Royal Purple Synthetic Oil
- Keller strass Oil Company
- Ashburn Chemical Technologies
- Dober
- Cortec Corporation
- Chemtex Speciality Limited
- WEBA Technology Corp
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Coolant Additives Market: Segmentation
On the basis of form, the Automotive Coolant Additives Market can be segmented into:
- Powder
- Liquid
On the basis of technology, the Automotive Coolant Additives Market can be segmented into:
- Organic Acid Technology
- Inorganic Additive Technology
- Silicates
- Borates
- Phosphates
- Others
- Hybrid
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint