Market Size of India Automotive Coolant Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 113.94 Billion |
| Market Size (2029) | USD 173.87 Billion |
| CAGR (2024 - 2029) | 8.82 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive Coolant Market Analysis
The India Automotive Coolant Market size is estimated at USD 113.94 billion in 2024, and is expected to reach USD 173.87 billion by 2029, growing at a CAGR of 8.82% during the forecast period (2024-2029).
- The COVID-19 outbreak impacted the market negatively, as the demand for automobiles during the lockdown period declined to almost zero for the first time. The production of vehicles was also halted in order to maintain the social distancing norms and prevent the spread of the virus. However, with the rising consumer demand for automobiles, combined with the restart of manufacturing activity, has resulted in a resurgence in the automotive coolant industry.
- With the growing demand for vehicles and government incentives to original equipment manufacturers (OEMs) to promote the Make in India initiative, several OEMs from across the world are investing heavily in the country to set up their production units to meet the local and global demand. The other factor acting as a market driver is the increasing average age of vehicles on the road.
- Ethylene glycol is the most preferred automotive coolant. However, it is highly toxic and requires careful disposal. Therefore, the coolant industry began manufacturing less toxic coolants. The passenger cars segment is expected to grow at a high rate due to the high demand for cars in the country.
