Automotive Coolant Market is set to see healthy CAGR during 2018 to 2024

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Automotive Coolant Market is set to see healthy
CAGR during 2018 to 2024 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Automotive Coolant Market

• Asia Pacific will account for a significant share
  in the automotive coolant market. This can be
  credited to the increasing vehicles sales across
  the region. Moreover, automobile manufacturers
  offer attractive annual maintenance packages and
  extended warranties, that cover the vehicle
  maintenance and servicing for a certain period,
  thereby expanding the regional share over the
  projected timeframe.
• Automobile manufacturers are engaged in
  introducing newer brands and products for
  offering customized coolant and lubricant
  solutions for its customers, thereby expanding
  the automotive coolant market share. For
  instance, in 2018, Maruti Suzuki launched its
  Ecstar brand of coolants, lubricants and car care
  products in India. This strategy enabled the
  company to offer a diversified range of products
  for its customers to drive sales and increase its
  market share.

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• Application Analysis of Automotive Coolant Market
  
• Based on chemical composition, the automotive
  coolant market share can be classified into
  ethylene glycol and propylene glycol. The
  ethylene glycol will account for a significant
  share in the market. This can be attributed to
  the superior heat dispersion capabilities offered
  by the chemical. However, the requirement for
  appropriate disposal capabilities owing to highly
  toxic nature may limit the segment growth over
  the study timeframe.
• Based on distribution channel, the market share
  can be classified into OEM and aftermarket.
  Aftermarket will showcase significant growth rate
  on account of increasing requirements for
  periodic vehicle services. Additionally, the
  availability of a wide grades of coolants from
  multiple manufacturers give customers a wide
  range of alternatives, thereby expanding the
  segment share over the forecast timeframe.

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Competitive Market Share of Automotive Coolant
Market

• Automobile manufacturers are engaged in
  introducing newer brands and products for
  offering customized coolant and lubricant
  solutions for its customers, thereby expanding
  the automotive coolant market share. For
  instance, in 2018, Maruti Suzuki launched its
  Ecstar brand of coolants, lubricants and car care
  products in India. This strategy enabled the
  company to offer a diversified range of products
  for its customers to drive sales and increase its
  market share.
• Few of the prominent players in the automotive
  coolant market share include Chevron, Shell,
  Exxon Mobil, Lukoil Petrons, Ashland Corporation,
  Sinclair Oil Corporation and Blue Star
  Lubrication Technology. Industry players are
  focusing on geographic expansion for increasing
  its customer base and enhance revenue generation.
  For instance, in February 2013, BASF launched its
  Glysantin brand of engine coolants for the Indian
  aftermarket.

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Browse Full Market Research Report On Automotive
Coolant Market _at_ http//bit.ly/31XRhUj Request
for an in-depth table of contents for this report
_at_ http//bit.ly/31Y8q0c ss
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