Report Description

The United States Automotive Coolant Market is likely to grow at a steady pace during the forecast period. The automotive coolant market directly depends on the automotive industry, and the automotive industry of the United States has been witnessing substantial growth over the past few years, resulting in an increase in the demand for coolants.

United States Automotive Coolant Market Scope

Automotive coolant is an essential part of automobiles, helping to dissipate heat from different components of the vehicles. The automotive coolant market in the United States is segmented based on vehicle type, product type, technology type, end-user, region and competitive landscape. Based on vehicle type, the market is divided into passenger car, commercial vehicle, two-wheeler, and off-the-road vehicles (OTR). Furthermore, based on the product type, the automotive coolant market has traditionally been dominated by three types: ethylene glycol, propylene glycol, and glycerol. Over time, advancements in coolant composition have been made, resulting in the division into inorganic acid technology, organic acid technology, and hybrid organic acid technology. Based on end-user the market is divided into original equipment manufacturers (OEMs) and the replacement market.

United States Automotive Coolant Market Overview

The United States Automotive Coolant Market is projected to experience steady growth during the forecasted period. Coolant plays a vital role in the automotive industry, making it susceptible to any fluctuations in the automobile market. Antifreeze, also known as automotive coolants, are liquid substances utilized in vehicle cooling systems to regulate and maintain engine temperature. They are crucial in dissipating excess heat generated by the engine and preventing overheating. Coolants typically consist of a base fluid, additives, and corrosion inhibitors, which are combined to enhance performance and protect the cooling system from rust, corrosion, and cavitation. The automotive market in the United States is undergoing significant changes that are impacting the coolant market. For example, the post-COVID-19 surge in automotive sales has led to an increase in the country's vehicle fleet size. The rise in automotive vehicle sales directly influences the demand for automotive coolants. The automotive coolant market has witnessed several notable changes in recent years, including the demand for longer coolant life cycles, environmentally friendly coolants, and coolants with improved heat transfer capabilities. These changes are driven by growing environmental concerns and technological advancements in automotive vehicles.

United States Automotive Coolant Market Drivers

The automotive market in the United States has been experiencing notable growth in recent years. This can be attributed to the rapid technological advancements, electrification, and increasing government regulations within the automotive industry. Consequently, the sales and production of automotive vehicles have a direct impact on the automotive coolant market. Furthermore, the expanding fleet size in the country, parallel to the rising number of automotive vehicles, has led to a replacement market for automotive coolant.

The rise in usage of environmentally friendly coolants in automotive vehicles is also noteworthy. Traditionally, coolant has contained ethylene glycol, a highly toxic substance that poses significant environmental hazards. However, there is now a shift towards safer, organic-based coolants, presenting substantial growth opportunities in the coming years. Stringent regulations governing the disposal and recycling of antifreeze have compelled manufacturers in the automotive sector to adopt eco-friendly and sustainable materials and products.

Over the years, the average age of vehicles in the United States has been increasing, primarily due to their enhanced durability and higher costs. This trend is accompanied by a corresponding growth in America's fleet size. Technological innovations, such as improved performance, higher fuel efficiency, electric vehicles, and enhanced safety features, are driving consumers to visit dealerships more frequently. Additionally, global microchip shortages, along with supply chain and inventory challenges, are significant factors contributing to the higher average vehicle age in the U.S. The limited supply of new vehicles and light trucks, coupled with strong demand for personal transportation, may have influenced consumers' decision to keep operating their existing vehicles for longer periods as industry-wide inventory levels have been depleted. As vehicle lifespans increase, the need for vehicle maintenance and repairs also rises, resulting in increased demand for automotive coolants in the United States.

United States Automotive Coolant Market Trends

Propylene glycol-based coolants are currently preferred over ethylene-based coolants across the United States. Propylene glycol coolants are safer and less harmful than ethylene-based coolants, which is why they are preferred by consumers and car manufacturers alike. The switch to propylene-glycol-based coolants is in line with the industry’s priorities for safety and environmental responsibility.

Technological advancements in the coolant industry have been taking place in the past few years. Since the advent of high-performance cars and trucks, engine maintenance demands have increased exponentially. As modern systems operate at much higher speeds and temperatures, today’s modern engines require highly efficient cooling systems that keep them running at peak performance year-round. Modern engine designs have led to the development of new, innovative materials in the engine cooling system. As a result, modern engine coolants aren’t just designed to remove heat directly from the engine, they’re also designed to act as a heat carrier fluid in support of additional systems. In recent years, thermal management features have been incorporated into the overall engine management structure, allowing for an optimal balance between engine warming up, cabin conditions, catalytic converter light-off and emissions performance.

United States Automotive Coolant Market Challenges

The demand for coolant solutions may decrease as more consumers transition to electric and hybrid vehicles because these vehicles do not necessitate the same engine cooling systems as combustion engines. This may have a long-term impact on the demand for coolant products and services.

Automotive coolant is made up of ethylene glycol, propylene glycol, or glycerin. These chemicals are by-products of the refining of crude oil. The prices of crude oil fluctuate a lot, which has a big effect on the price of these basic liquids. The average price of crude oil can fluctuate significantly. The prices of automotive coolants are affected by the fluctuations of crude oil because ethylene, propylene, and glycerin are all by-products of crude oil. This has a significant impact on the automotive coolant market in the US.

The automotive industry's technological progress has necessitated more stringent requirements for cooling systems. These advanced systems require coolants that can manage higher temperatures and provide optimal heat transfer. As a result, higher heat input to a cooling system will lead to a greater number of chemical reactions in the system, which, in turn, will increase corrosion, oxidation, and other adverse effects on coolant performance. Consequently, meeting these intricate cooling requirements is a challenge for automotive coolant manufacturers.

Market Opportunities

The automotive coolant market in the United States presents several opportunities for growth and innovation to its stakeholders. The average age of vehicles in the United States is increasing, which, in turn, is increasing the fleet size of vehicles in the country. This trend is providing several opportunities in the market, such as more demand for vehicle repair and maintenance, which means a greater requirement for coolants in vehicles. This trend is also providing opportunities for alternate coolants in vehicles to test new products in the market before launching them into bulk production of automotive vehicles.

Moreover, there is a rising need for more eco-friendly coolants with better properties, such as high heat transfer capacity and lower viscosity. So, all these requirements are providing huge opportunities in the research and development area of coolants. Furthermore, the automotive industry is going through the electrification phase, which is creating demand for newer kinds of coolants in automotive vehicles, thus enhancing the scope of the market in the United States.


Company Profiles

Chevron Corp, ExxonMobil Corp, Royal Dutch Shell PLC, Indian Oil Corp. Ltd, Prestone Products Corp, BP PLC (Castrol), Valvoline LLC, Old World Industries LLC, Amsoil Inc., and Ashland Global Holdings Inc. are some of the major players in the United States Automotive Coolant market.