According to ChemAnalyst report, “Australia Automotive Coolant Market Analysis: Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand 2015-2030” The Australia Automotive Coolant market is anticipated to grow at a CAGR of 4.26% and reach 32 million liters during the forecast period. The demand for automotive coolant from major end-use industries like passenger car, commercial vehicle, two-wheeler and OTR is anticipated to further expand the Australia Automotive Coolant Market in the forecasted period.
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.

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The Australia Automotive Coolant market is segmented based on type, end-use, sales channel, and region. Based on type, the Australia Automotive Coolant market is divided into Ethylene glycol, Propylene glycol, and Glycerol. Ethylene glycol is anticipated to hold the major share during the forecast period, owing to the low price, ease of availability and high demand in the market. The majority of lubricant manufacturer prefer to use ethylene glycol for manufacturing of automotive lubricants. Additionally, the transportation industry employs propylene glycol as an engine coolant in hydraulic fluids and fire-resistant brakes. Propylene glycol is also frequently employed as a primary component in the de-icing of aircraft and as a heat-transfer fluid in high-temperature applications.

Based on the end-user industry, the Australia Automotive Coolant market is segmented into passenger car, commercial vehicle, two-wheeler and OTR. The passenger car is expected to hold the largest share during the forecast period, due to growing registration of passenger car and increasing in ownership of vehicles in the nation.

Regionally, Australia automotive coolant market is segmented into New South Wales, Victoria & Tasmania, Queensland, Western Australia, Northern Territory & Southern Australia. New South Wales is likely to hold major share in the market owing to major provinces and attracting a huge sum of people to migrate to this region.

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According to ChemAnalyst report, “Australia Automotive Coolant Market Analysis: Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand 2015-2030”, Major players in the 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, and Fuchs Lubricants (Australasia) Pty Ltd, among others.

“With growing economy and rising transport requirements, the automotive sector will most likely boom in Australia in the forthcoming years. Furthermore, the automotive industry is focusing on setting up on new manufacturing and assembly lines in Australia to suppress 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 TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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