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Showing posts with the label Automotive Coolant Market Trend

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 glyco...