[Online Quarterly Update]Australia automotive coolant market was valued USD 267.06 Million in 2019 and is forecast to grow at CAGR of over 9% in the next five years to reach USD 340.61 Million by 2025. Anticipated growth in the market can be attributed to rising demand of passenger cars, coupled with increase in construction and mining activities in the country.
Moreover, improving economic conditions after COVID-19 outbreak, increase in disposable income and rise in financial status of the consumers are predicted to positively influence the growth of the market in the coming years. Majority of the high-performance vehicle manufacturing companies are in Australia and the automotive industry is expanding its business in Australia to decrease the import of passenger vehicles from other APAC countries which will offer a lucrative market for automotive coolant manufacturer through 2025.
Australia automotive coolant market is segmented based on vehicle type, product type, technology, demand category and region. Based on vehicle type, the market can be segmented into passenger car, commercial vehicle, two-wheeler and OTR. Based on vehicle type passenger car is expected to hold the largest share during the forecast period, due to growing registration of passenger car and increasing in ownership of vehicle post COVID.
In terms of product type, market can be segmented into ethylene glycol, propylene glycol and glycerol. Ethylene glycol is expected to hold major share during the forecast period, on account of low price, availability and demand in the market, so the majority of lubricant manufacturer prefer to use ethylene glycol for manufacturing of automotive lubricants.
Some of the major players operating in Australia automotive coolant market are Royal Dutch Shell Plc, Castrol Australia Pty Ltd, Chevron Australia Downstream Pty. Ltd., Penrite Oil Co Pty Ltd., Valvoline Australia Pty Ltd, Caltex Australia Ltd., Total Oil Australia Pty Ltd , Nulon Products Australia Pty Ltd, Exxon Mobil Corporation Ltd, and Fuchs Lubricants (Australasia) Pty Ltd, among others. Companies operating in the market are using growth strategies such as mergers & acquisitions in order to ensure sound returns.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
•To analyze and estimate the market size of Australia Automotive Coolant Market from 2015 to 2018.
•To estimate and forecast the market size of Australia Automotive Coolant Market from 2019 to 2025 and growth rate until 2025.
•To analyze and forecast the market size of Automotive Coolant, in terms of value as well as volume.
•To classify and forecast Australia Automotive Coolant market based on vehicle type, product type, technology, demand category and regional distribution.
•To identify drivers and challenges for Australia Automotive Coolant market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia Automotive Coolant market.
•To conduct the pricing analysis for Automotive Coolant market.
•To identify and analyze the profile of leading players involved in the manufacturing of Australia Automotive Coolant market.
To perform the study, ChemAnalyst conducted primary as well as exhaustive secondary research. Initially, ChemAnalyst prepared an exhaustive list of Automotive Coolant manufacturers and suppliers operating in Australia Subsequently, ChemAnalyst conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, ChemAnalyst could include manufacturers which could not be identified due to the limitations of secondary research. ChemAnalyst analysed product offerings, distribution channels, and regional presence of all major Automotive Coolant supplier across Australia
ChemAnalyst calculated the market size for Australia Automotive Coolant market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. ChemAnalyst sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as NORA, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by ChemAnalyst.
Key Target Audience:
•Dealers/ Distributors of Automotive Coolant.
•Raw material suppliers of the materials.
•End users of Automotive Coolant.
•Research organizations and consulting companies.
•Associations, organizations, forums and alliances related to automotive coolant.
•Original Equipment Manufacturers (OEM’s)
•Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive coolant manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Australia automobile coolant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Vehicle Type
Passenger Car, Commercial Vehicle, Two-Wheeler, OTR
Market, by Product Type
Ethylene glycol, Propylene glycol, Glycerol
Market, by Technology
Inorganic acid technology, Organic acid technology, Hybrid organic acid technology
Market, by Demand Category
Market, by Region
New South Wales, Victoria & Tasmania, Queensland, Western Australia, Northern Territory & Southern Australia
Company Profiles: Detailed analysis of the major companies present in Automotive Coolant.
With the given market data, ChemAnalyst offers customizations according the company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).