Skip to main content

U.S. Automotive Coolant Market - Latest Development and Trends 2024

Increasing passenger car sales as a result of increased consumer confidence and high disposable income in recent years has impacted industry growth to a large extent. The U.S. Automotive Coolant Market is expected to reach USD 1.23 billion by 2024, according to a new report by Grand View Research, Inc.


The U.S. Department of Environmental Quality (DEQ) has decreed antifreeze recycling standards under the ‘Best Management Practices’ in the industry, leading to greater consumption of recycled coolants with low toxin content. Growing consumer awareness regarding recyclable & sustainable materials is further likely to impact industry growth positively over the forecast period.

Propylene glycol emerged as the leading product segment and accounted for over 55% of total demand in 2015 on account of its growing demand as a substitute for conventional ethylene glycol coolants. It is also expected to witness the highest growth over the forecast period. High growth of propylene glycol can be attributed to the product’s non-toxicity & greater freeze point depression properties.

To Know More About U.S. Automotive Coolant Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/us-automotive-coolant-market

The U.S. Automotive Coolant Market demand was 61.7 million gallons in 2015 and is expected to reach 118.0 million gallons by 2024, growing at a CAGR of 7.9% from 2016 to 2024. High consumer awareness regarding the ethylene glycol based coolants advantageous characteristics such as convective heat transfer properties is expected to foster its application as an antifreeze & corrosion inhibitor in automobiles.

Top Players of U.S. Automotive Coolant Market:

Major industry participants include Lukoil, Total S.A., KOST USA, Motul, Ashland Incorporation, British Petroleum PLC, Royal Dutch Shell, Exxon Mobil Corporation, Chevron Phillips Corporation, and Sinopec among several others.

Market Segmentation of U.S. Automotive Coolant Market:

U.S. Automotive Coolant Market segmented on the basis of Product, Technology, Distribution and End-Use.

By Product:

    Ethylene Glycol
    Propylene Glycol
    Glycerin

By Technology:

    Inorganic Acid Technology (IAT)
    Organic Acid Technology (OAT)
    Hybrid Organic Acid Technology (HOAT)

By Distribution:

    Original Equipment Manufacturers (OEM)
    Automotive Aftermarket

By End-Use:

    Passenger Cars
    Commercial Vehicles
    Two-Wheelers

Inquire about U.S. Automotive Coolant Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3114
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more