Automotive Coolants Lubricants Market is projected to rise at a moderate CAGR during the forecast period from 2021 to 2027. The increasing sales of vehicles in developing countries along with the growing development of infrastructure is driving the demand for automotive coolants lubricants market. Additionally, the rising demand for light passenger vehicles & heavy-duty vehicles, increasing prices of fossil fuels, and the growing average lifespan of vehicles are further driving the growth of the market during the forecast period. The strict emission norms imposed by several governments across the globe is expected to the drive the growth of the automotive coolants and lubricants market. Moreover, the growing adoption of bio-fuels is expected to provide lucrative opportunities for the market during the forecast period.
Asia-Pacific region is expected to grow at a significant CAGR during the forecast period owing to rising demand of vehicles in the developing countries of the region. The global automotive coolant and lubricant market is dominated by a few key players, along with several other small and medium players. Some of the key players are Sinopec Corporation (China), Royal Dutch Shell Plc (Netherland), Total S.A. (France), Exxon Mobil Corporation (U.S.), PETRONAS (Malaysia), BP Plc (U.K.), and Chevron Corporation (U.S.) among others. The major strategies adopted by these key market players are geographic expansion and new product development.
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A full report of Global Automotive Coolants Lubricants Market is available at: https://www.orionmarketreports.com/automotive-coolants-lubricants-market/41015/
The following Segmentation are covered in this report:
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Application
- Engine coolant
- HVAC coolant
- Engine Lubricant
- Brake Lubricant
- Transmission lubricant
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Coolants Lubricants Market.
- The market share of the global Automotive Coolants Lubricants Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Coolants Lubricants Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Coolants Lubricants Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
