Get In Touch

Automotive Turbo Coolant: Introduction

  • Car coolant, also known as antifreeze, protects engines from overheating. Coolant also lubricates the moving parts it comes into contact with, which protects damage to the water pump, head gasket, the cylinder and piston timing. Coolant is utilized in almost all major automobiles, ranging from engine motor bikes to heavy duty commercial vehicles.
  • Coolant is a superior quality ethylene glycol-based engine coolant with a low silicate corrosion inhibitor package. This product protects metals of the coolant system, including heat-rejecting aluminum, against pitting caused by cavitation and corrosion.
  • Several turbochargers are designed to be sufficiently cooled by air. A turbocharger needs a coolant running through its system in order to meet durability targets. The major advantage of liquid cooling is that the coolant can be circulated after hot engine shut down.

Key Drivers of Global Automotive Turbo Coolant Market

  • Turbo coolant provides exceptional cooling in summer and excellent protection against freezing in the winter. It is recommended for use in older model domestic and foreign cars and light duty trucks. It is expected to provide up to 50,000 miles or 2 years of service life when installed as initial fill, or after a complete flush and cleaning of a cooling system in reasonable condition. It is compatible with supplemental coolant additives (SCA) and coolant filters and hence, it can be used in heavy duty diesel coolant systems when pre-charged with SCA. All these factors are anticipated to boost the automotive turbo coolant market across the globe.
  • Easy and abundant availability of various materials, including ethylene glycol, propylene glycol, and glycerin in developed countries that helps new entrants develop such products in the industry, also drives the automotive turbo coolant market across the globe
  • Rise in demand for vehicles and continuous investments in research and development by automakers for the development of cost-effective, environment-friendly and low toxic products with a high life within the industry is likely to drive the global automotive turbo coolant market
  • The trend of urbanization is growing at an exponential rate, which is propelling the average income of urban population and enabling them to enhance their lifestyles. Furthermore, a rise in the demand for passenger cars is prompting manufacturers for increase production of commercial vehicles, which in turn is boosting the automotive turbo coolant market across the globe.

Passenger Vehicle Segment to Offer Attractive Opportunities

  • The passenger vehicle segment is likely to hold a significant share of the market by the end of the forecast period. This is attributed to a rise in the demand for utility vehicles in highly populated countries such as China, India, and Brazil.
  • High demand for e-class, crossovers, SUVs, and hatchbacks is driving the passenger vehicle segment, which in turn is likely to boost the automotive turbo coolant market. Rise in preference for private transport and buying power of consumers is driving the passenger vehicle segment of the market.
  • Coolants are also known as antifreeze agent; this product is being increasingly utilized to substitute water and other cooling agents, owing to their superior heat absorption and corrosion inhibiting properties. The recently trend of substituting toxic, ethylene glycol with safer, organic-based coolants is anticipated to provide lucrative growth opportunities for the market during the forecast period.

COVID–19 Pandemic to Hamper Market

  • The COVID-19 crisis is affecting economies and industries in various countries due to lockdowns, travel bans, and business lockdowns. The global chemicals and materials industry is suffering serious disruptions such as supply chain breaks, office shutdowns, and others. For instance, China is a global manufacturing hub and raw material supplier of various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting global supply chains and disrupting manufacturing, delivery schedules and sales of various chemicals and materials. Various companies announced possible delays in product deliveries and slump in future sales of their products. All the factors are anticipated to hamper the global automotive turbo coolant market across the globe.

Asia Pacific to Hold Significant Share of Global Automotive Turbo Coolant Market

  • Asia Pacific comprises rapidly expanding economies, including India and those in ASEAN, which is likely to witness higher demand for vehicles and consequently, boost the automotive turbo coolant market during the forecast period
  • Asia Pacific held a leading share of the global automotive turbo coolant market due to higher volume of vehicles produced in prominent countries, including China and Japan, and lower manufacturing and labor cost across the region. Moreover, availability of inexpensive labor and raw material in the region coupled with increasing number of local manufacturers is likely to propel the market in Asia Pacific during the forecast period.

Key Players Operating in Global Market:

The global automotive turbo coolant market is highly fragmented with top manufacturers across the global market. A few of the key players operating in the global automotive turbo coolant market are:

  • Castrol Limited.
  • Arteco
  • Cummins Filtration
  • Motul S.A.
  • China National BlueStar (Group) Co. Ltd.
  • Valvoline International Inc.
  • Exxon Mobil Corporation
  • Sinopec Corporation
  • Shandong Yuean Chemical Industry Co. Ltd.
  • Total S.A.
  • Chevron Corporation
  • Royal Dutch Shell Plc
  • PETRONAS
  • BP Plc
  • BASF SE
  • OLD WORLD INDUSTRIES LLC
  • Prestone Products Corporation

Global Automotive Turbo Coolant Market: Research Scope

Global Automotive Turbo Coolant Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Buses and Coaches

Global Automotive Turbo Coolant Market, by Organic Chemical Type

  • Ethylene Glycol
  • Propylene Glycol
  • Others

Global Automotive Turbo Coolant Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Turbo Coolant Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Automotive Turbo Coolant Market

Pre Book