Press Release

Saudi Arabia Automotive Coolant Market to Reach Around $ 200 Million by 2023

Rising vehicle sales coupled with expanding automobile fleet size to boost automotive coolant market in Saudi Arabia through 2023

According to TechSci Research report, “Saudi Arabia Automotive Coolant Market By Vehicle Type, By Product Type, By Technology, Competition Forecast and Opportunities, 2013-2023”, automotive coolant market in Saudi Arabia is projected to reach around  USD200 million by 2023, on account of strong domestic automobile demand and continuously expanding automobile fleet. Central and Western regions of the country account for majority of the automotive coolant demand in the country. Fuchs Alhamrani, Petromin, TOTAL S.A. (Saudi Arabia), Castrol, and Chevron Albakri Lubricants are few of the leading players in Saudi Arabia automotive coolant market.

Browse 49 market data Figures and Tables spread through 92 Pages and an in-depth TOC on "Saudi Arabia Automotive Coolant Market"

In 2017, Saudi Arabia automotive coolant market was dominated by the passenger car segment, followed by commercial vehicle and OTR vehicle segments. The passenger car segment is expected to continue its dominance with the segment’s market share expected to further increase during the forecast period. In terms of product type, Ethylene Glycol holds around two-thirds of the market share, with Propylene Glycol being a distant second and Glycerol grabbing the smallest pie of the market. This trend is expected to continue in the coming years and the market shares of Ethylene Glycol and Propylene Glycol are anticipated to further increase through 2023.

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“More than 95% of the coolant demand in Saudi Arabia emanates from the replacement market. With increasing R&D efforts on new coolant formulations, the lifetime of coolants is witnessing a continuing increase, which is affecting the demand for coolants. Consequently, it is anticipated that due to increasing automobile sales in the country, the demand for coolants from the OEM segment, which accounts for a very small market share, would increase during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Automotive Coolant Market By Vehicle Type, By Product Type, By Technology, Competition Forecast and Opportunities, 2013-2023” has analyzed the future growth potential of Saudi Arabia automotive coolant market and provides statistics and information on market size, consumer behavior and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Saudi Arabia automotive coolant market. 


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