Automotive Engine Oil Coolant Market by Type (Synthetic, Organic, Hybrid), Cooling Mechanism (Air Cooled, Liquid Cooled), Function (Engine Cooling, Corrosion Prevention), End Market (OEM, Aftermarket), Vehicle Type (Passenger, LCV, HCV), Region.

Global Automotive Smart Key Market Highlights:

Automotive engine oil coolant primarily is used to keep the engine temperatures in control and thus avoid overheating of the engine, and eventual engine seize. The automotive engine oil coolant absorbs heat from the engine eventually dissipating it to the engine radiator. The oil coolant also helps in protecting the inner surfaces of the different metal components that are continuously exposed to friction and heat, from rusting or corrosion. Thus the engine oil coolant serves the dual purpose of cooling the engine and rust protection.

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The choice of the coolant to be used depend on various factors. The engine capacity, the average speed of the vehicle plying on the roads, the average environmental conditions and temperature, the type of metal used in the components, the duration for which the vehicle plies daily, and the average distance for which the automobile is used for the required activities, are some of them. The global automotive engine oil coolant market is expected to grow at 11% CAGR during the forecast period 2017 to 2023.

The key players in global automotive engine oil coolant market are MAHLE GmbH (Germany), Dana Incorporated (U.S.), Castrol (U.K.), Fluidyne Control Systems (P) Ltd (India), Titanx Engine Cooling, Inc. (U.S.), and PWR Holdings (Australia). Setrab (U.S.), Amsoil Inc. (U.S.), Blue Star Lubrication Technology LLC (U.S.), Valvoline (U.S.), Royal Dutch Shell (U.K.), and Chevron Corporation (U.S.) are among others. 

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In North America (particularly in the U.S. and Canada), the general trend of consumers is to own an automobile, per individual. The trend of owning large SUVs and sedans is also on the rise, owing to which a high demand for these systems is created. The Asia Pacific market has seen a rise of bigger and powerful vehicles as well. Also, these countries fall in the tropical region / the hot climatic conditions. Thus the engine oil coolant in these markets is very high. The Europe market is home to a few of the trendiest and the most powerful automakers in the world. The high torque produced by these cars, makes it imperative for kicking in a system like an engine oil coolant for optimum vehicle performance.

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