As per the TechSci Research report titled “United Kingdom Automotive Coolant Market – By Country, Competition, Forecast, and Opportunities, 2028,” the market is poised for rapid growth with a significant CAGR in the coming years.
Antifreeze, commonly referred to as engine coolant, is a colored liquid blended with water, utilized to regulate the engine during periods of extreme heat. This coolant circulates throughout the engine block to maintain a consistent operating temperature amidst changing external temperatures. However, antifreeze serves purposes beyond temperature control. Proper fluid levels aid in preventing corrosion. The rising demand for vehicles and manufacturers, coupled with ongoing R&D investments aimed at developing cost-effective, environmentally friendly, and safer products with extended lifespans, are projected to propel the automotive coolant market forward.
The consumption of antifreeze/coolants is on the rise as construction equipment sales increase. Engine coolant, a vital element for all Heavy-Duty Vehicle (HDV) engines, absorbs excessive heat from the internal combustion engine and dissipates it into the environment via the radiator.
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As a result, factors such as increased vehicle manufacturing, a focus on automobile maintenance, vehicle sales, and more are driving the growth trajectory of the automotive antifreeze market. Participants in this market are prioritizing product innovation and development to maintain their competitive edge. The need for proper engine maintenance is expected to surge alongside the demand for high-performance vehicles and cars. The requirement for an efficient cooling system is bolstering the demand for organic acid technology to achieve optimal engine performance. Automobile manufacturers are introducing innovative brands and products to offer tailored automotive coolant and lubricant solutions, thus augmenting the automotive coolant market share. In December 2021, ExxonMobil announced plans to allocate USD 15 billion over the next six years to enhance greenhouse gas emission-reduction initiatives, underscoring their commitment to sustainability.
The United Kingdom Automotive Coolant Market can be segmented by vehicle type, product, technology, end user, and country. In terms of vehicle type, the market is divided into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Throughout the forecast period, passenger vehicles are expected to dominate due to heightened demand for utility cars. Moreover, the increasing desire for private mobility and expanding consumer purchasing power are anticipated to drive market expansion.
Product-wise, the United Kingdom Automotive Coolant market is categorized into Ethylene Glycol, Propylene Glycol, and Glycerin. The Ethylene Glycol (EG) segment holds the largest share in terms of base fluid. Ethylene glycol antifreeze is in high demand due to its numerous advantages, including a lower freezing point than water. It finds common use in automotive radiators for cooling, aiding heat absorption from engines and preventing overheating.
The market’s technology types encompass inorganic additive technology (IAT), organic additive technology (OAT), and hybrid organic additive technology (HOAT). The OAT sector commands the highest share. OAT’s exclusive use of carboxylate chemicals for corrosion prevention further extends the coolant’s lifespan. Instead of forming an external layer on the metal, these chemicals work directly within the realm of metal corrosion.
Some of the major players operating in the United Kingdom Automotive Coolant Market include:
- Rock Oil refining, Inc.
- BP plc
- Shell plc
- Chevron Corporation
- Exxon Mobil Corporation
- Total S.A.
- Valvoline Inc.
- Castrol Corporation.
- Petroliam Nasional Berhad(Petronas)
- Amsoil, inc.
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“With the rising technological advancement many coolants manufacturing companies are focusing on organic and green sustainable coolant materials. Further the demand of the coolant is rising due to the growing vehicle production coupled with the demand of high-performance vehicle led to the increase in the automotive coolant in the United Kingdom. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“United Kingdom Automotive Coolant Market, Segmented By Vehicle Type, By Product Market Share Analysis, By Technology Type Market Share Analysis, By End-Use Market Share Analysis, By Region Competition Forecast & Opportunities, 2018- 2028F, has evaluated the future growth potential of United Kingdom Automotive Coolant Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United Kingdom Automotive Coolant Market.
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