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Automotive Lubricant & Coolant Market worth 408.48 Million Gallon & 346.62 Million Gallon by 2019 Respectively
The report “Automotive Coolant & Lubricant Market by Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission), Region & by Aftermarket - Global Trends & Forecast to 2019 defines and segments the lubricant and coolantmarkets with analysis and forecast of the global volume and value.
Browse 81 tables and 50 figures spread through 168 Slides and in-depth TOC on " Automotive Coolant & Lubricant Market by Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission), Region & by Aftermarket - Global Trends & Forecast to 2019 "
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The sizes of the lubricant and coolant markets, in terms of volume, are projected to grow at a CAGR of 8.10% and 6.73% respectively from 2014 to 2019 and reach 408.48 Million gallon and 346.62 Million gallon by 2019.
Asia-Pacific: Growing Market
The Asia-Pacific region comprises countries such as China, Japan, South Korea, and India. The region is dominated by developing countries such as India and China, wherein the automotive industry is growing at a significant rate. The growing demand for light passenger vehicles, the rise in the average lifespan of vehicles in operation, and the increasing number of vehicle manufacturing facilities owing to the low cost of production in these countries has led to an increased production capacity. The rising demand for light and heavy commercial vehicles is also driving the markets for lubricant and coolantin these countries. The sizes of the lubricant and coolantmarkets by volume in the Asia-Pacific region are projected to grow at a CAGR of 7.66% and 6.55%respectively from 2014 to 2019.
Europe: Prospective Eastern European Market
The coolant and lubricant industries in Europe are dominated by U.K., Germany, France and Italy, owing to the automobile production volume in these countries. However, the automotive industry has reached its maturity stage in Western Europe. As a result of this, OEMs are now shifting their focus towards Eastern European countries. Thus, many coolant and lubricant manufacturers are setting up blending plants and R&D centers in Eastern European countries such as the Netherlands and Russia. The sizes of the European lubricant and coolant markets by volume are projected to grow at a CAGR of 6.51% and 5.68% respectively from 2014 to 2019.
North America: Growth opportunity in Mexico & Canada
The North America region comprises countries such as the U.S., Canada, and Mexico and is also a matured market for the automotive industry. It is however, also an automotive hub for many OEMs such as General Motors, Chrysler, and Ford Motors. OEMs are entering into partnerships with major lubricant and coolant manufacturers. Countries where the automotive industry is currently growing, like Mexico and Canada, would drive the demand for coolant and lubricant. The sizes of the North American lubricant and coolant markets in terms of volume are projected to grow at a CAGR of 10.61% and 8.11% respectively from 2014 to 2019.
The report covers the global lubricant and coolant markets in terms of volume (million gallon) and value ($million) across the regions of Asia-Pacific, Europe, North America and the rest of the world (RoW). It explains the qualitative and quantitative aspects of automotive coolant and lubricant. The report briefly illustrates the lubricant and coolant markets on the basis of geography, product, vehicle type, and aftermarket from 2014 to 2019.
The report also includes analysis of the value chain, Porter’s Five Forces analysis, PEST analysis, the competitive landscape, and company profiles. In addition to this, 10 key players in the lubricant and coolant industries have been profiled.
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