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自動車用冷却水の世界市場2023-2030Global Automotive Coolant Market 2023-2030 |
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自動車用冷却水の世界市場2023-2030 |
出版日: 2023年05月25日
発行: Orion Market Research
ページ情報: 英文 150 Pages
納期: 2~3営業日
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自動車用冷却水の世界市場は、予測期間中にCAGR 4.0%の大幅な成長が見込まれています。世界の自動車産業の成長により、自動車用冷却水の需要が高まり、それが世界の自動車用冷却水市場の成長をもたらしています。2022年9月、UPM Biochemicalsは、モノエチレングリコール(MEG)、水、少量の添加剤の3つの混合物から調合された水グリコールを発売しました。EV冷却水は、持続可能性戦略の拡大により自動車をより環境に優しいものにする可能性を秘めています。
費用対効果が高く、環境に優しく、毒性が低く、製品寿命が長い製品の開拓のための研究開発への投資が増加していることが、自動車用冷却水市場を後押ししています。さらに、新興経済諸国では、エチレングリコール、プロピレングリコール、グリセリンなど、さまざまな材料が容易かつ豊富に入手可能であるため、新規参入企業によるこうした製品の開発が促進され、自動車用冷却水市場の原動力にもなっています。
中国、インド、ブラジルなど人口の多い国々における実用車需要の大幅な増加が、乗用車の需要を牽引しています。冷却水は乗用車に使用される主要材料であるため、乗用車の生産台数の増加がこの市場セグメントの成長を促進すると予想されます。自動車メーカーは、顧客にカスタマイズされた冷却水・潤滑剤ソリューションを提供するため、新しいブランドや製品を導入しています。いくつかの世界OEMは、既存のプレーヤーとの合弁事業を通じて、あるいはFDI規制が導入された後に、生産ユニットの設立や世界中の販売網・ディーラー網の強化に直接投資しています。例えば、2021年5月、Chevron Corp.とNoble Midstream Partners LPは先に発表した買収を完了し、Noble MidstreamはChevronの間接的な完全子会社となっています。
さらに、Eクラス、クロスオーバー、SUV、ハッチバックへの高い需要が乗用車セグメントを牽引しており、これが自動車用冷却水市場を押し上げる可能性が高いです。自家用車への嗜好の高まりと消費者の購買力が、市場の乗用車セグメントを牽引しています。
地域別展望
アジア太平洋地域が自動車用冷却水の世界市場で著しい成長を示す
アジア太平洋地域は、インド、中国、日本を含む主要国の自動車生産台数が多く、製造コストと労働コストが低いことから、自動車用冷却水の世界市場で大きなシェアを占めています。インド・ブランド・エクイティ財団によると、22年度のインドの年間自動車生産台数は2,293万台だっています。インドは現在、世界第6位の乗用車メーカーであり、世界第2位の商用車開発国です。また、インドは著名な自動車輸出国であり、近い将来、輸出の大幅な増加が見込まれています。加えて、インド市場におけるAutomotive Mission Plan 2026、スクラップ政策、生産連動型インセンティブ制度など、インド政府によるいくつかの取り組みにより、2022年までにインドは二輪車・四輪車市場における世界的リーダーのひとつになると期待されています。
IOCL、HPCL、BPCLなどのインドのPSU石油会社や、RILなどの民間企業は、原油生産能力を継続的に増強しています。エチレングリコールは原油の製品別であるため、原油の生産・精製能力が増加すれば、インドにおけるエチレングリコールの利用可能量が増加し、同時に国内の冷却剤の生産が促進される可能性があります。地域需要の増加に対応するための冷却剤の国内生産の増加は、地域市場の成長を促進する重要な要因です。
Title:Global Automotive Coolant Market Size, Share & Trends Analysis Report by Product Type (Ethylene Glycol, Propylene Glycol, and Others), by Technology (Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT)), by Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles) Forecast Period (2023-2030).
The global automotive coolant market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. The growing automobile industry across the globe has created demand for automotive coolant which has resulted in the growth of the global automotive coolant market. In September 2022, UPM Biochemicals has launched water glycol which is formulated from a three-part mixture of mono-ethylene glycol (MEG), water and a small quantity of additives. EV coolant has the potential to make automotive greener by broadening of their sustainability strategies.
The growing investments in R&D for the development of cost-effective, environment-friendly, and less toxic products with extensive product life is boosting the automotive coolant market. Moreover, the easy and abundant availability of various materials, including ethylene glycol, propylene glycol, and glycerin, in developed economies promotes new entrants to develop such products and also drives the automotive coolant market.
The global automotive coolant market is segmented based on product type, technology, and vehicle type. Based on product type, the market is segmented into ethylene glycol, propylene glycol, and others. Based on technology, the market is divided into Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), and Hybrid Organic Acid Technology (HOAT). Based on vehicle Type, the market is segmented into passenger cars, heavy commercial vehicles, and light commercial vehicles.
The considerable rise in the demand for utility vehicles in highly populated countries such as China, India, and Brazil has driven the demand for passenger cars. Coolant is the key material for use in passenger cars; therefore, rising passenger car production is anticipated to drive the growth of this market segment. Automobile manufacturers are introducing newer brands and products to offer customized coolant and lubricant solutions for customers. Several global OEMs are investing in this market either through joint ventures with established players or after FDI norms have been invested directly in setting up their production unit or enhancing their sales and dealership networks across the globe. For instance, in May 2021, Chevron Corp. and Noble Midstream Partners LP had completed the previously announced acquisition, which resulted in Noble Midstream becoming an indirect, wholly-owned subsidiary of Chevron.
Moreover, high demand for e-class, crossovers, SUVs, and hatchbacks is driving the passenger vehicle segment, which, in turn, is likely to boost the automotive coolant market. The rise in preferences for private transport and purchasing power of consumers is driving the passenger vehicle segment of the market.
Regional Outlooks
The global automotive coolant market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).Among these, Europe automotive coolant market is anticipated to make considerable contribution to the global automotive coolant market.
Global Automotive Coolant Market Growth, by Region 2023-2030
Source: OMR Analysis
Asia-Pacific to Exhibit Significant Growth in the Global Automotive Coolant Market
Asia-Pacific held considerable share of the global automotive coolant market owing to the higher volume of vehicle production in major countries, including India, China, and Japan, and lower manufacturing and labor costs across the region. According to the India Brand Equity Foundation, India's annual production of automobiles in FY22 was 22.93 million vehicles. India is presently the sixth-biggest passenger vehicle manufacturer globally and the second-leading commercial vehicle developer. India is also a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India such as the Automotive Mission Plan 2026, scrappage policy, and production-linked incentive scheme in the Indian market are expected to make India one of the global leaders in the two-wheeler and four-wheeler market by 2022.
Indian PSU oil players, like IOCL, HPCL, BPCL, etc., and private players like RIL are continuously increasing their crude oil production capacity. As ethylene glycol is a crude oil by-product, the increasing production and refining capacity of crude oil may increase the availability of ethylene glycol in India, simultaneously boosting the domestic production of coolants in the country. The increasing domestic production of coolants to cater the rising regional demand is a key factor driving the regional market growth.
Market Players Outlook
The major companies serving the global automotive coolant market include Total S.A., Castrol Limited., Cummins Filtration, Valvoline International Inc., and Exxon Mobil Corp. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. The companies are focusing on geographic expansion to increase their customer base and to enhance revenue generation. For instance, In April 2021, Valvoline expanded its company-owned Quick-Lube Network with the acquisition of 16 service centers in Texas.
The Report Covers: