Global Automotive Engine Oil Coolant Overview
The automotive engine oil coolant market accounted for US$ 124.20 million in 2020 and is estimated to be US$ 388.56 million by 2030 and is anticipated to register a CAGR of 11.2%.
Oil cooling is the additional amount of oil coolant added into an engine, typically to remove surplus heat from an internal combustion engine. The hot engine transfers heat to the oil followed by the heat exchanger and lastly, through a radiator known as an oil cooler. Engine oil function is lubricating the internal components of the car so they operate smoothly and coolant is designed to avoid overheating of an engine while working. Oil-based coolant is better lubricant than water-based. Friction from moving parts generates heat, so a reduction of friction will lead to a reduction of heat.
Global Automotive Engine Oil Coolant Drivers & Restraints
Rising sales of vehicles
The surge in the sales of vehicles in a developing nation has created a huge demand for these coolants and additional supplements. The other drivers of the market are the inclination in demand for light passenger vehicles and heavy-duty vehicles, increasing prices of conventional fuels, and the rise in the average lifespan of vehicles. Moreover, the stringent laws imposed by the regulatory bodies of using bio-based lubricant in an engine, reduce harmful effects to the environment which in turn uplifts the growth of the engine oil coolant market.
However, the high maintenance costs and replacement costs of such lubricants had a bad impact on the growth of the market.
Global Automotive Engine Oil Coolant Segmentations & Regional Insights
Automotive engine oil coolant market is segmented based on type, application, and region.
On the basis of type, the automotive engine oil coolant market is segmented into air-cooled and liquid-cooled. On the basis of application, the target market is segmented into OEM and After-Market.
Regional Insights:
In the region, the automotive engine oil coolant market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific will register a significant share of the oil coolant market. This is due to increasing sales of vehicles, and support from the government leading this engine oil coolant market in this region. Europe is witnessing a surge in the transportation sector which in turn generates significant revenue for the automotive engine oil coolant market.
Report Scope:
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Attribute |
Details |
|
Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Air Cooled and Liquid Cooled By Application– OEM and After-Market |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study segmented the automotive engine oil coolant market report based on type, application, and region.
Automotive Engine Oil Coolant Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Automotive Engine Oil Coolant Competitive Landscape & Key Players
The key players operating in the automotive engine oil coolant market includes MAHLE, Dana Incorporated, Castrol, Fluidyne Control Systems, Titanx Engine Cooling, PWR Holdings, Setrab, Amsoil, Blue Star Lubrication Technology, Valvoline.
Global Automotive Engine Oil Coolant Company Profile
- MAHLE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dana Incorporated
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Castrol
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fluidyne Control Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Titanx Engine Cooling
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PWR Holdings
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Setrab
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amsoil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Blue Star Lubrication Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Valvoline
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Automotive Engine Oil Coolant Highlights
FAQs
Automotive Engine Oil Coolant Market is segmented into type, application, and region.
Factors driving the automotive engine oil coolant industry include rising demand for light passenger and heavy-duty vehicles, rising conventional fuel prices, and an increase in the average vehicle lifespan.
By region, Asia-Pacific held a leading share of the global automotive coolant market due to the higher volume of vehicles produced in major countries, including India, China, and Japan.
The Key players operating in the Automotive Engine Oil Coolant Market include MAHLE, Dana Incorporated, Castrol, Fluidyne Control Systems, Titanx Engine Cooling, PWR Holdings, Setrab, Amsoil, Blue Star Lubrication Technology and Valvoline.