Studying the COVID-19 Impact: Concerns Over Recession and Supply Chain Issues Moderately Impacts Automotive Coolant Aftermarket – future market Insights

Prominent automotive coolant manufacturers are pushing for long term contracts with service centers and OEMs to sustain demand for their product offerings through the end of the pandemic

DUBAI, UAE / ACCESSWIRE / June 18, 2020 / The automotive coolant aftermarket is anticipated to grow at a steady 4% CAGR throughout the assessment period (2020-2030). The global outbreak of the coronavirus has had a significant impact on the global automotive coolant aftermarket. In terms of the overall automotive industry, the automotive coolant aftermarket has remained largely resilient to the threat of recession.

High passenger and commercial parc and the associated requirement for maintenance activity sustains a steady demand for automotive coolant products. On the other hand, drop in sales of new vehicles, and disruptions to supply chains have impacted the production and demand for automotive coolants. Market performance is expected to remain slow through the pandemic, with recovery likely once government restrictions are relaxed.

“The growth of the overall automotive aftermarket and higher consumer awareness associated with engine efficiency and automotive maintenance are influencing factors for industry growth. Higher demand for low-emission vehicles will also aid adoption. Modern coolant products are characterized by low viscosity, superior thermal capacity, anti-corrosive, chemically inert, and non-hazardous materials that increase scope of HVAC applications. These trends will enable a strong recovery post the end of the pandemic,” says the FMI analyst.

Request a sample of the report to gain detailed aftermarket insights at

Automotive Coolant Aftermarket – Primary Takeaways

  • Automotive coolants for passenger cars hold major market share owing to high parc. Demand for commercial vehicle applications are gaining ground.
  • Ethylene glycol-based coolants are highly sought after owing to superior performance parameters. Propylene glycol gains traction as a low-toxicity alternative.
  • Authorized dealers are the dominant sales channel for automotive coolants in the aftermarket. However, online sales are gaining traction with greater emphasis on DIY trends.
  • Asia Pacific is a dominant, fast growing market for automotive coolants, with major impetus coming out of China and India.

Automotive Coolant Aftermarket – Growth Factors

  • Rising consumer awareness about engine efficiency and automotive maintenance, along with the expansion of the automotive aftermarket is set to drive growth.
  • The transition from toxic ethylene glycol to safer organic coolant alternatives generate lucrative growth opportunities.
  • Strict regulations associated with recycling and disposal of coolant materials contributes to development of products.
  • Rapid advancements in automotive technologies generate requirements for new coolant formulations in the market.

Automotive Coolant Aftermarket – Major Constraints

  • Physical limitations of automotive coolants in varied environmental situations reduce adoption.
  • The transition from internal combustion engines to electric engines, reduce the requirement for automotive coolants.

The Projected Impact of COVID-19

The coronavirus outbreak has had a substantial impact on the global economic landscape. Concerns about potential business closures and recession are hitting the automotive coolant market. Registrations of new vehicles are on the decline. In addition, lockdown orders have restricted the number of vehicles running on roads. These factors will restrict the growth of the automotive coolant aftermarket through the end of the pandemic.

On the other hand, analysts are positive about the rate of recovery for the aftermarket once the pandemic is brought under control. Also, automotive coolant manufacturers are pushing governments to designate their business as essential, which will help in partially mitigating losses during the crisis period.

Explore the automotive coolant aftermarket report comprising 129 figures, 28 tables and the table of contents. You can also find a comprehensive aftermarket segmentation on

Competition Landscape

The automotive coolant aftermarket comprises players including but not limited to BP plc, ExxonMobil Corp., Valvoline Inc., and Royal Dutch Shell plc. Aftermarket players are seeking better product differentiation with improvements in performance parameters in new formulations. In addition manufacturers are also focusing on optimizing promotional and marketing strategies.

For instance, Castrol has unveiled a new program to provide free coolant to consumers in the industrial sector, as a COVID-19 strategy. On a similar note, Valvoline entered into a partnership with Sevilla FC as a part of its brand promotional campaign.

More About the Study

The FMI study provides detailed insights on automotive coolant aftermarket. The market is broken down in terms of product type (organic, inorganic, and hybrid), vehicle type (on-road vehicles and off-road vehicles ), and sales channel (vehicle service stations, independent garages, authorized dealers, multi-brand dealers, and online sales), across six key regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

Explore Future Aftermarket Insights Coverage of the Automotive and Transportation Industry

Automotive Lighting Market: Find insights on the global automotive lighting market with segment analysis, statistics, influencing factors, players and key strategies adopted by market players for a 10-year forecast period.

Automotive Exhaust Systems Market: FMI’s report on the global automotive exhaust systems market offers details on the aftermarket between 2017-2027. The study covers influencers, revenue sources, market leaders, and market strategies.

Motorcycle Chain Sprocket Market: Get an in-depth analysis on the motorcycle chain sprocket market with insights on growth levers, opportunities, regulatory policies, restraints, forecast of regional markets and primary strengths of market leaders.

About Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the experienced research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of more than thousand reports and 1 million+ data points, the team has studied the automotive and transportation sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.


Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates


For Sales Enquiries:

For Media Enquiries:

Market Report:

Press Release Source:

SOURCE: Future Market Insights

View source version on–future-market-Insights

error: Content is protected !!