United Kingdom Automotive Coolant Market Share, Size and Growth 2028

Summary

Report Description

United Kingdom Automotive Coolant Market is anticipated to rise with the robust CAGR in the forecasted period. Automotive coolant additives are essential component of the vehicle industry. The expansion of the automobile sector due to improving socioeconomic variables has offered profitable potential for automotive coolants. Automotive coolant additives are employed to ensure maximum efficacy.

Automotive coolants are generally used in vehicles to prevent components and parts from overheating. Coolants absorb excess heat from parts and components and disperse it into the surrounding atmosphere via various channels. Furthermore, these coolants are utilized to reduce the temperature of engine components to increase their lifespan and reduce exhaust emissions. Automotive coolant additives give coolants features like anti-freezing, corrosion resistance, and improved fluidity.

The increase in car sales has aided the resurgence of the automotive sector. Companies involved in the automotive industry are substantially investing in the vehicle manufacturing sector. Furthermore, the industry is being driven by an increase in demand for luxury automobiles. Using a high-tech engine with a high potential in a vehicle delivers higher performance in terms of overall weight, acceleration, and quality.

Increased Demand for Vehicles.

The increased demand for high performance automobiles is fueling growth in the automotive coolant industry. High-performance vehicle sales have expanded in recent years because of an increase in living standards due to greater disposable incomes, and comfort. Also , they are equipped with advanced technologies and safety features which further increase the sales of high performance vehicles. In addition, several motor racing activities, such as Formula 1, are favorably affecting market demand for high-performance, heavy automobiles. The increasing Heavy commercial vehicle demand in the Construction and manufacturing industries further increasing the demand of automotive coolant in the United Kingdom.

Technological Advancement

Furthermore, the growing importance of engine maintenance and engine performance upgradation has generated an opportunity for the coolant players to implement new technologies. The new technology improves coolant performance and lifespan. Some manufactures are using advanced technology to develop the coolant that can withstand high temperature. Also, with the penetration of advance technology in the coolant industry, the coolants now have an extended life span. Furthermore, as components such as ethylene glycol and glycerin become more readily available, new companies are emerging as prospective sellers of vehicle coolant solutions, further supporting the automotive coolant market.

Emergence of Digital Coolant Monitoring Systems:

Some manufacturers are working on digital coolant monitoring systems that may detect changes in coolant performance and warn vehicle owners when coolant replacement is required. These devices can assist in increasing vehicle performance while also lowering maintenance expenses.

Shift Towards Eco-Friendly Coolant.

There is a growing emphasis on producing coolant products that are devoid of toxic chemicals and are more ecologically friendly. Many coolant producers are creating solutions that are biodegradable and have a lesser environmental effect. ExxonMobil, for example, said in December 2021 that it has finalized corporate plans, which include boosting its investment on sustainable initiatives to USD 15 billion.

Automotive coolant environment impact and can’t be recycled

The toxicity of the basic fluid and antifreeze ethylene glycol poses a risk to both the environment and human health. Heavy metals such as lead, chromium, cadmium, and others can be found in high concentrations in waste antifreeze, which is also hazardous to the environment. Used antifreeze is hazardous to both the environment and human health due to the toxicity of the ethylene glycol used as the basic fluid. As a result, providers and OEMs confront numerous obstacles when recycling coolant. Furthermore, recycling outdated antifreeze solutions is viewed as a better alternative than disposal. Because of the toxicity of the ethylene glycol used as the basic fluid, antifreeze poses a risk to both the environment and human health. Heavy metals such as cadmium, lead, chromium, and others are found in high amounts in waste antifreeze, which is harmful to the environment. As a result, the suppliers and OEMs are faced with difficulty when it comes to recycling coolant and antifreeze.

Increased Adoption of Electric and Hybrid cars hamper growth of coolant.

As more consumers transition to electric and hybrid cars, demand for traditional coolant solutions may fall. Electric and hybrid cars do not require the same sort of engine cooling systems as traditional combustion engines, which may have an influence on the demand for coolant goods and services in the long term.

Stringent Environmental Regulations

The automobile sector is being subjected to increasingly rigorous environmental rules, which may have an influence on the formulation and marketing of coolant products. Manufacturers may need to engage in R&D to create coolant solutions that fulfil these rules, which may raise prices and have an impact on profitability.

Price Fluctuations in Raw material

Price changes in raw materials used in coolants are the key issues that coolant makers confront. Raw material costs, production costs, labor costs, energy costs, and other factors all have an impact on automobile coolant prices. The main raw ingredients used in the manufacture of coolants are ethylene and propylene. The market prices of natural gas and crude oil determine the prices of these inputs. The price of coolants has been impacted by the volatility of crude oil due to an uncertain supply-demand balance. Thus resulted in the price fluctuations of the raw material which restrain the market growth of the united kingdom automotive coolant market.

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Recent development

· Valvoline Inc. introduced new coolant technology specifically intended for current engines in August 2021, dubbed Valvoline Antifreeze Coolant HT-12TM Green and Valvoline Antifreeze Coolant HT-12 Pink.

· Castrol unveiled the new Castrol ON e-thermal fluid in July 2021, an advanced new 'direct' battery e-thermal fluid that would allow future generations of EVs to be charged more quickly while providing better performance, protection, and sustainability.

· Eurol Lubricants launched the new Coolant -36°C GLX-AV in July 2021, a coolant designed for current vehicles from Japanese and Korean automakers such as Honda, Hyundai, Kia, Mazda, and Mitsubishi. This coolant, which is based on P-OAT technology, is markedly different from other coolants and is essential in the workplace. The OAT Technology with phosphate compounds is present in the Eurol Coolant -36°C GLX-AV (Asian Vehicles). Phosphate Organic Additive Technology (P-OAT Technology) is another term for this. Because of its composition, this coolant provides excellent heat transfer while protecting against corrosion and deposit development.

· In February 2021, AMSOIL announced a new Powersports Antifreeze & Coolant designed to cool high-revving, hot-running Powersports engines. The coolant has a five-year service life and an ethylene-glycol formulation that matches OEM specifications. It has good boil-over protection up to 226 F (108°C) and freeze protection down to -34°F (-37°C).Gulf Oil released a new line of e-fluids for electric and hybrid passenger automobiles in October 2021. Redline Detection, a well-known developer of diagnostic leak detection technology in the worldwide sector, authorized the production of a new diagnostic leak detection technology that is used mostly in battery electric vehicles.

· Recochem, a well-known manufacturer and distributor of automotive aftermarket fluids, announced the acquisition of KOST USA Inc. in December 2020. This corporation is the third largest producer of automotive coolants. KOST is well-known in the automobile aftermarket for its light-duty coolants and other functional fluids.

Market Segmentation

The United Kingdom Automotive Coolant Market is segmented based on vehicle type, product, technology, end user, and country. Based on vehicle type, the market is segmented into passenger car, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Based on product, the market is divided into ethylene glycol, propylene glycol, and glycerin. Based on technology, the market is segmented into Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), and Hybrid Organic Acid Technology (HOAT). Based on end user, the market is segmented into OEM and Aftermarket. Based on country, the market is segmented into England, Scotland, Wales, and Northern Ireland.

Company Profiles

Rock Oil refining, Inc., BP plc, Shell plc, Chevron Corporation, Exxon Mobil Corporation, Total S.A., Valvoline Inc. , Castrol Corporation., Petroliam Nasional Berhad(Petronas) and Amsoil, Inc. are the key players developing advanced ride hailing service structure to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle type By Product By Technology By End User
Country Scope	England, Scotland, Wales and Northern Ireland
Key Companies Profiled	Rock Oil refining, Inc., BP plc, Shell plc, Chevron Corporation, Exxon Mobil Corporation, Total S.A., Valvoline Inc. , Castrol Corporation., Petroliam Nasional Berhad(Petronas) and Amsoil, Inc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, United Kingdom Automotive Coolant Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· United Kingdom Automotive Coolant Market, By Vehicle Type:

Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)

United Kingdom Automotive Coolant Market, By Product:

Ethylene Glycol
Propylene Glycol
Glycerin

United Kingdom Automotive Coolant Market, By Technology:

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

United Kingdom Automotive Coolant Market, By End User:

OEM
Aftermarket

United Kingdom Automotive Coolant Market, By Country:

England
Scotland
Wales
Northern Ireland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the United Kingdom Automotive Coolant Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

United Kingdom Automotive Coolant Marketis an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on United Kingdom Automotive Coolant Market

4.1. Key Segments Impacted

4.2. Key Regions Impacted

5. United Kingdom Automotive Coolant Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Passenger Cars, Light commercial vehicle (LCV), Heavy Commercial Vehicle (HCV)

5.2.2. By Product Market Share Analysis (Ethylene Glycol, Propylene Glycol, Glycerin)

5.2.3. By Technology Market Share Analysis (Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT))

5.2.4. By End User Market Share Analysis (OEM and Aftermarket)

5.2.5. By Regional Market Share Analysis

5.2.5.1. England Market Share Analysis

5.2.5.2. Scotland Market Share Analysis

5.2.5.3. Wales Market Share Analysis

5.2.5.4. Northern Ireland Market Share Analysis

5.2.5.5. Rest of United Kingdom Market Share Analysis

5.2.6. By Company Market Share Analysis (By Value, 2022)

5.3. United Kingdom Automotive Coolant Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Product Market Mapping & Opportunity Assessment

5.3.3. By Technology Market Mapping & Opportunity Assessment

5.3.4. By Country Market Mapping & Opportunity Assessment

6. England Automotive Coolant Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Product Market Share Analysis

6.2.3. By Technology Market Share Analysis

6.2.4. By End User Market Share Analysis

7. Scotland Automotive Coolant Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Product Market Share Analysis

7.2.3. By Technology Market Share Analysis

7.2.4. By End User Market Share Analysis

8. Wales Automotive Coolant Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Product Market Share Analysis

8.2.3. By Technology Market Share Analysis

8.2.4. By End User Market Share Analysis

9. Northern Ireland Automotive Coolant Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Product Market Share Analysis

9.2.3. By Technology Market Share Analysis

9.2.4. By End User Market Share Analysis

10. Porter’s Five Forces Analysis

10.1. Bargaining Powers of Suppliers

10.2. Bargaining Powers of Buyers

10.3. Threat of Substitutes

10.4. Threat of New Entrants

10.5. Competitive Rivalry

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Rock Oil refining, Inc.

14.1.1.1. Company Details

14.1.1.2. Key Products Offered

14.1.1.3. Recent Developments

14.1.1.4. Key Management Personnel

14.1.2. BP plc

14.1.2.1. Company Details

14.1.2.2. Key Products Offered

14.1.2.3. Recent Developments

14.1.2.4. Key Management Personnel

14.1.3. Shell plc

14.1.3.1. Company Details

14.1.3.2. Key Products Offered

14.1.3.3. Recent Developments

14.1.3.4. Key Management Personnel

14.1.4. Chevron Corporation

14.1.4.1. Company Details

14.1.4.2. Key Products Offered

14.1.4.3. Recent Developments

14.1.4.4. Key Management Personnel

14.1.5. Exxon Mobil Corporation

14.1.5.1. Company Details

14.1.5.2. Key Products Offered

14.1.5.3. Recent Developments

14.1.5.4. Key Management Personnel

14.1.6. Total S.A.

14.1.6.1. Company Details

14.1.6.2. Key Products Offered

14.1.6.3. Recent Developments

14.1.6.4. Key Management Personnel

14.1.7. Valvoline Inc.

14.1.7.1. Company Details

14.1.7.2. Key Products Offered

14.1.7.3. Recent Developments

14.1.7.4. Key Management Personnel

14.1.8. Castrol Corporation

14.1.8.1. Company Details

14.1.8.2. Key Products Offered

14.1.8.3. Recent Developments

14.1.8.4. Key Management Personnel

14.1.9. Petroliam Nasional Berhad(Petronas)

14.1.9.1. Company Details

14.1.9.2. Key Products Offered

14.1.9.3. Recent Developments

14.1.9.4. Key Management Personnel

14.1.10. Amsoil, Inc

14.1.10.1. Company Details

14.1.10.2. Key Products Offered

14.1.10.3. Recent Developments

14.1.10.4. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.2. Target Region

15.3. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the major factors for the growth of United Kingdom Automotive Coolant Market?

Increasing demand in the high performance and personal vehicle are driving the demand of the United Kingdom Automotive Coolant market.

What is the advantage of using Automotive Coolant in vehicles?

The advantage of using automotive coolant is maintaining fuel economy, reduce the maintenance costs, protect the engine, and prevent car breakdowns.

Who are the top players in the United Kingdom Automotive Coolant Market?

The major player contributing United Kingdom Automotive Coolant market are Rock Oil refining, Inc., BP plc, Shell plc, Chevron Corporation, Exxon Mobil Corporation, Total S.A., Valvoline Inc., Castrol Corporation., Petroliam Nasional Berhad(Petronas) and Amsoil, Inc.

What are the restraining factors in the United Kingdom Automotive Coolant market?

Rising electric vehicle demand and fluctuation in the price of raw material are limiting the growth of United Kingdom Automotive Coolant Market.

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Press Release

United Kingdom Automotive Coolant Market to Increase Due to Growing Vehicle Sales

Jun, 2023

The rapid increase in high performance vehicle, increasing focus on ecofriendly coolant, and development of new coolant technology is driving the growth of United Kingdom Automotive Coolant Market in

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