Automotive Coolant Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report
As per the recent study, the global automotive coolant market size in 2021 is registered at USD 4642.3 million and is estimated to exhibit a significant CAGR of 5% with a market size of USD 6404.28 million during the forecast period 2023–2027. Automotive coolants are used to cool the motor parts in the vehicles and forestall over warming during usage, mainly in chilly environments, and also to forestall the erosion of the vehicle’s metal hardware. This coolant is used in almost all significant automobiles from small motor engine bicycles to heavy-duty commercial vehicles. It protects the motor from overheating and greases up the moving parts that come into contact with that forestalls harm to the water pump, the cylinder, head gasket, and piston timings. The heat transfer rate is highly dependent upon the temperature difference between coolants, outside air, and the flow rate of the coolant. The freezing point of a coolant in an ideal condition remains -200 F while th...