Australia Automotive Coolant Market to be dominated by the New South Wales Region
by Chem Analyst Chemical Database PriceGrowing sales of passenger
vehicles, increasing demand from mining sector and growth in construction
activities in the country to drive Australia automotive coolant market through
2025
According
to ChemAnalyst report, “Australia
Automotive Coolant Market By Vehicle Type (Passenger Car, Commercial Vehicle,
Two-Wheeler and OTR), By Product Type (Ethylene glycol, Propylene glycol and
glycerol), By Technology (Inorganic acid technology, Organic acid technology
and Hybrid organic acid technology), By Demand Category (OEM Vs. Replacement) and
By Region, Forecast & Opportunities, 2025”, Australia automotive coolant market was valued USD 267.06
Million in 2019 and is forecast to grow at CAGR of over 9% in the next five
years to reach USD 340.61 Million by 2025. Over the years, mining and
construction industry has been a vital driver of Australia’s economy. These two
industries have been the leading contributors to the country’s GDP.
Construction industry generates demand from both the public and private
sectors, across residential, commercial and institutional markets, creating
opportunities for commercial and OTR vehicles market. Australia’s export sector
is largely dependent on the country’s natural resources. Growing mining
activities across the country and expansion of the construction industry has
been significantly aiding the growth of Australia automotive coolant market.
Browse 34 market Figures
and 4 Table spread through 89 Pages and an in-depth TOC on "Australia
Automotive Coolant Market"
https://www.chemanalyst.com/industry-report/australia-automotive-coolant-market-291
Australia automotive coolant market is
segmented based on vehicle type, product type, technology, demand category and
region. Based on vehicle type, the market can be segmented into passenger car,
commercial vehicle, two-wheeler and OTR. Based on vehicle type, passenger car led the market with share of
47.63% in 2019 and the trend is likely to continue through 2025 due to growing
sales of passenger car and increasing disposable income. In terms of product
type, market can be segmented into ethylene glycol, propylene glycol and
glycerol. Ethylene glycol is expected to hold major share during the forecast
period, on account of low price, availability and demand in the market, so the
majority of lubricant manufacturer prefer to use ethylene glycol for
manufacturing of automotive lubricants.
Regionally, Australia automotive coolant market has
been segmented into regions including New South Wales, Victoria & Tasmania,
Queensland, Western Australia and Northern Territory & Southern Australia.
New South Wales is expected to hold major share in the market owing to major
provinces and attracting an increasing number of people to migrate to this
region.
Some of the major players operating in Australia Automotive
Coolant market are Royal Dutch Shell Plc, Castrol Australia Pty Ltd, Chevron Australia Downstream
Pty. Ltd., Penrite Oil Co Pty Ltd., Valvoline Australia Pty Ltd, Caltex Australia Ltd., Total Oil Australia Pty Ltd, Nulon Products Australia Pty Ltd, Exxon Mobil Corporation Ltd, Fuchs Lubricants (Australasia) Pty Ltd, etc.
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“North
South Wales is expected to dominate
the automotive coolant market during the forecast
period, owing to increase in shift of people in the region for better
opportunity and livelihood. Moreover, with growing economy and rising transport
requirements, the automotive sector will boom in the region in the coming years.
Furthermore, the automotive industry is focusing on setting up on new
manufacturing and assembly lines in Australia to supress the dependency on
import of passenger vehicles from other Asian countries. The decision to reduce the import of passenger vehicles in
Australia and setting up their manufacturing base in the country creating lucrative opportunities for
the growth of market over the next few years.” said Mr. Karan
Chechi, Research Director with ChemAnalyst, a research based global management
consulting firm.
“Australia Automotive Coolant Market By Vehicle Type
(Passenger Car, Commercial Vehicle, Two-Wheeler and OTR), By Product Type (Ethylene
glycol, Propylene glycol and glycerol), By Technology (Inorganic acid technology,
Organic acid technology and Hybrid organic acid technology), By Demand Category
(OEM Vs. Replacement) and By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of automotive
coolant and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Australia Automotive Coolant Market.
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Created on Jan 4th 2021 06:55. Viewed 231 times.