United States Automotive Coolant Market to be Led by Passenger Car Segment Through 2028
The rise in automotive
sales, increasing usage of automotive vehicles, and technological developments
in automobiles are leading the United States Automotive Coolant Market during
the forecast period
According to TechSci Research report, “United States Automotive Coolant Market – By
Region, Competition Forecast & Opportunities, 2028F,” the United
States automotive coolant market is projected to experience significant growth
during the forecast period, driven by the rapid increase in vehicle prices,
stringent regulations to reduce harmful chemicals, and advancements in
automotive technology. Automotive coolants play a crucial role in regulating
the temperature of heat-generating systems in vehicles, including internal
combustion engines, electric vehicle batteries, and heating, ventilation, and
air conditioning (HVAC) systems.
The automotive coolant market in the United States
is currently undergoing a transformative phase, fueled by changes in automotive
design technology and the demand for extended fluid service life and improved
performance. Modern vehicles are equipped with smaller yet more powerful
engines, enabling compactness and higher running speeds. These engines operate
at elevated temperatures, necessitating cooling fluids that offer excellent
heat removal and robust corrosion protection properties. Therefore, automotive
coolant technology is continuously evolving to meet the growing needs of the
automotive industry. Manufacturers are increasingly utilizing cooling fluids
modified with additives and inhibitors to enhance corrosion protection and
extend service life.
Among various vehicle types, passenger cars have
the largest fleet size in the United States, surpassing commercial vehicles and
two-wheelers. Consequently, automotive coolants find greater utilization in
passenger cars. These vehicles are equipped with advanced engines that operate
at higher speeds, resulting in increased heat generation. To cater to the
growing performance demands, new materials are being developed to dissipate
heat more efficiently, necessitating improved cooling systems. As a result, the
demand for automotive coolants remains high in these vehicles. In recent years, propylene glycol has emerged
as the preferred coolant product in the United States, displacing ethylene
glycol. The advantages of propylene glycol over ethylene glycol, including non-toxicity,
compatibility, and cost-effectiveness, have driven the growth in propylene
glycol sales. However, advancements in processing technologies and stringent
regulations promoting the replacement of hazardous compounds are expected to
significantly impact the demand for propylene glycol in the coming years.
Historically, ethylene glycol has been the primary
coolant used in the automotive sector due to its superior heat transfer
properties and cost advantages. However, due to federal regulations on hazardous
chemicals, the consumption of ethylene glycol has declined in recent years.
Ethylene glycol is also suitable for cold climates with high snowfall, as it
can be blended with water to lower the freezing point.
The industry is transitioning towards cooling
fluids that have been enhanced with additives and inhibitors to provide better
corrosion protection and extended service life. Traditional green coolants
based on Inorganic Additive Technology (IAT) are gradually being phased out,
while the demand for Organic Acid Technology (OAT) and Hybrid Organic Acid
Technology (HOAT) based fluids is increasing. Newer coolant fluids formulated
with OAT and HOAT are now widely available in developed country markets,
including the United States. These fluids are better suited for modern vehicles
with more aluminum components. In fact, major automotive OEMs in the US, such
as GM and Ford, currently recommend OAT-based refrigerating coolants for their
latest vehicle models.
Browse over xx market data Figures spread through xx
Pages and an in-depth TOC on "United States Automotive Coolant Market."
The United States Automotive Coolant Market is analyzed
based on vehicle type, product type, by technology, by end-user, by region and
competitive landscape. Based on vehicle type, the market is segmented into passenger
cars, commercial vehicles, two-wheelers, and Off the Road (OTR) vehicles. Based
on product type the market is divided into ethylene glycol, propylene glycol,
and glycerol. The market is further divided based on technology into Inorganic
acid technology, organic acid technology, and hybrid organic acid technology. Based
on the end-user, the market is segmented into OEM and replacement. The demand
for capital in SMEs and start-ups is likely to propel the business lending segment
during the forecast period. Based on region, the market is segmented into Northeast,
West, South, and Midwest.
Key market players in the United States Automotive
Coolant Market include:
- Chevron Corp
- ExxonMobil Corp
- Royal Dutch Shell PLC
- Indian Oil Corp. Ltd
- Prestone Products Corp
- BP PLC (Castrol)
- Valvoline LLC
- Old World Industries LLC
- Amsoil Inc.
- Ashland Global Holdings Inc.
Download Free Sample Report
Customers can also request 10% free customization
on this report.
“The increasing sales of automotive vehicles, and
the rising need for better automotive coolants due to higher performance of
vehicles are boosting the automotive coolant market in the United States. The
scenario is likely to remain so over the next few years. Apart from this,
strict regulations are also being implemented by the government to reduce the
release of harmful chemicals into the environment. This is leading to a rise in
research and development areas to make better alternatives for automotive
coolants that are biodegradable and less harmful to the environment. Therefore,
all these reasons are projected to positively impact the United States
Automotive Coolant Market during the forecast period," said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Contact
Mr. Ken
Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com