© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automotive Coolant Market is set to see healthy CAGR during 2018 to 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific will account for a significant share in the automotive coolant market. This can be credited to the increasing vehicles sales across the region. Moreover, automobile manufacturers offer attractive annual maintenance packages and extended warranties, that cover the vehicle maintenance and servicing for a certain period, thereby expanding the regional share over the projected timeframe.  Automobile manufacturers are engaged in introducing newer brands and products for offering customized coolant and lubricant solutions for its customers, thereby expanding the automotive coolant market share. For instance, in 2018, Maruti Suzuki launched its Ecstar brand of coolants, lubricants and car care products in India. This strategy enabled the company to offer a diversified range of products for its customers to drive sales and increase its market share. Regional Analysis of Automotive Coolant Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Automotive Coolant Market :  Based on chemical composition, the automotive coolant market share can be classified into ethylene glycol and propylene glycol. The ethylene glycol will account for a significant share in the market. This can be attributed to the superior heat dispersion capabilities offered by the chemical. However, the requirement for appropriate disposal capabilities owing to highly toxic nature may limit the segment growth over the study timeframe.  Based on distribution channel, the market share can be classified into OEM and aftermarket. Aftermarket will showcase significant growth rate on account of increasing requirements for periodic vehicle services. Additionally, the availability of a wide grades of coolants from multiple manufacturers give customers a wide range of alternatives, thereby expanding the segment share over the forecast timeframe.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Automobile manufacturers are engaged in introducing newer brands and products for offering customized coolant and lubricant solutions for its customers, thereby expanding the automotive coolant market share. For instance, in 2018, Maruti Suzuki launched its Ecstar brand of coolants, lubricants and car care products in India. This strategy enabled the company to offer a diversified range of products for its customers to drive sales and increase its market share.  Few of the prominent players in the automotive coolant market share include Chevron, Shell, Exxon Mobil, Lukoil Petrons, Ashland Corporation, Sinclair Oil Corporation and Blue Star Lubrication Technology. Industry players are focusing on geographic expansion for increasing its customer base and enhance revenue generation. For instance, in February 2013, BASF launched its Glysantin brand of engine coolants for the Indian aftermarket. Competitive Market Share of Automotive Coolant Market :

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