Automotive Coolant and Lubricant Market Insights Video
According to Cognitive Market Research, the global Automotive Coolant and Lubricant market size is USD 4897.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 1.10% from 2024 to 2031.
Automotive coolant and lubricant is an oil-like substance used to transfer the heat away from the engine and to the radiator, which then transfers it into the air. Coolants work as a secondary heat sink for the engine and help keep the engine from a temperature breakdown.
Automobiles use ethylene glycol to absorb combustion heat, which is anticipated to create profitable prospects for the automotive coolant industry.
The North American automotive coolant market will dominate this market, due to a rise in domestic coolant manufacturing, which might assist coolant producers in meeting the growing demand for their products and spur market expansion in this region.
Asia-Pacific held a leading share of the global automotive coolant market due to the higher volume of vehicles produced in major countries, including India, China, and Japan, and lower manufacturing and labor costs across the region.
The advancement of engine technologies and environmental concerns is accelerating the use of synthetic coolants and lubricants
