DUBLIN, Jan. 23, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/g4bpdw/automotive) has announced the addition of the "Automotive Coolant & Lubricant Market by Vehicle Type, Application, Region & Aftermarket - Global Trends & Forecast to 2019" report to their offering.
The sizes of the automotive coolant and lubricant markets, in terms of volume, are projected to grow at a CAGR of 6.73% and 8.10% respectively from 2014 to 2019 and reach 346.62 million gallon and 408.48 million gallon by 2019.
Coolant and lubricant form an integral part of any vehicle. The increasing demand for light passenger vehicles and heavy-duty vehicles and the rising average lifespan of vehicles in operation are factors driving the demand for coolant and lubricant. In addition to this, growing vehicle sales and production in developing countries have created an opportunity for coolant and lubricant manufacturers.
The global market volume for automotive coolant and lubricant is projected to reach 346.62 million gallon and 408.48 million gallon respectively by 2019. The markets for automotive coolant and lubricant are estimated to be the largest in the Asia-Oceania region, which has a market share of about 50.0% and 52.1% for coolant and lubricant respectively in 2014. China is the major contributor to the growth of the coolant and lubricant markets in the Asia-Oceania region.
The global demand for the coolant and lubricant markets are propelled by the increasing number of vehicles across the globe, the upcoming government regulations, and the increasing average lifespan of vehicles. North America is estimated to hold the second position in the markets for automotive coolant and lubricant in 2014. A major contributor to these markets in the North American region is the U.S., which has the largest production of vehicles in this region.
On the basis of vehicle types, the passenger cars segment of the automotive coolant and lubricant markets accounted for the maximum share, followed by light commercial vehicles and heavy commercial vehicles in 2014.
The global automotive coolant and lubricant markets are dominated by major players such as Royal Dutch Shell (Netherlands), Chevron Corporation (U.S.), Total S.A. (France), and Exxon Mobil Corp. (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Coolant & Lubricant Market, By Geogarphy
8 Automotive Coolant & Lubricant Market, By Application Type
9 Automotive Coolant & Lubricant Market, By Vehicle Type
10 Automotive Coolant & Lubricant Market, By Aftermarket
11 Competitive Landscape
12 Company Profiles
- BP PLC
- Chevron Corporation
- Conocophilips Lubricants
- Exxon Mobil Corporation
- Idemitsu Kosan Co. Ltd.
- JX Nippon Oil & Energy Corporation
- Lukoil Company
- Royal Dutch Shell PLC
- Sinopec Corporation
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/g4bpdw/automotive
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets