Global Automotive Coolant & Lubricant Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger Car, LCV and HCV.

By Application;

Engine coolant, HVAC coolant, Engine Lubricant, Brake Lubricant and Transmission lubricant.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn029604248 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Coolant & Lubricant Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Coolant & Lubricant Market was valued at USD 459.91 million. The size of this market is expected to increase to USD 851.60 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.2%.

The global automotive coolant and lubricant market plays a pivotal role in ensuring the efficient operation and longevity of vehicles worldwide. Coolants and lubricants are essential fluids that help regulate engine temperature, reduce friction, and prevent wear and tear on critical components. As the automotive industry continues to evolve, driven by technological advancements and environmental concerns, the demand for high-quality coolants and lubricants has surged.

One of the key drivers of this market is the increasing adoption of advanced engine technologies, such as turbocharged engines and electric powertrains, which require specialized cooling and lubrication solutions. Additionally, stringent emissions regulations have compelled automakers to develop more efficient engines, thereby necessitating the use of advanced coolant and lubricant formulations that can withstand higher temperatures and pressures.

The growing awareness among consumers regarding the importance of vehicle maintenance and the role of coolants and lubricants in enhancing performance and prolonging engine life has fueled market growth. This has led to a rise in demand for premium products offering superior protection against corrosion, oxidation, and engine deposits.

The expansion of the automotive aftermarket sector, coupled with the increasing vehicle parc globally, has provided lucrative opportunities for coolant and lubricant manufacturers. With a growing number of vehicles requiring regular maintenance and servicing, the aftermarket segment serves as a significant revenue generator for companies operating in this market.

The global automotive coolant and lubricant market is witnessing robust growth driven by technological advancements, regulatory requirements, consumer awareness, and the expanding aftermarket sector. To capitalize on these opportunities, market players are increasingly focusing on product innovation, strategic partnerships, and geographical expansion to strengthen their foothold in the competitive landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Coolant & Lubricant Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Vehicle Production
        2. Stringent Emission Regulations
        3. Technological Advancements
        4. Growing Vehicle Fleet Age
        5. Rising Consumer Awareness
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Environmental Concerns
        3. Increasing Adoption of Electric Vehicles
        4. Complex Regulatory Landscape
        5. Limited Awareness in Developing Regions
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Product Innovation and Differentiation
        3. Focus on Sustainability
        4. Strategic Partnerships and Collaborations
        5. Rising Demand for Electric Vehicle Lubricants
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Coolant & Lubricant Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. LCV
      3. HCV
    2. Global Automotive Coolant & Lubricant Market, By Application, 2020 - 2030 (USD Million)
      1. Engine coolant
      2. HVAC coolant
      3. Engine Lubricant
      4. Brake Lubricant
      5. Transmission lubricant
    3. Global Automotive Coolant & Lubricant Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Royal Dutch Shell PLC
      2. British Petroleum PLC
      3. Exxon Mobil Corporation
      4. Chevron Corporation
      5. Total S.A
      6. Lukoil OAO
      7. JX Holdings, Inc
      8. Petronas
      9. Sinopec Corporation
      10. Idemitsu Kosan Company Ltd
  7. Analyst Views
  8. Future Outlook of the Market