The Chinese automotive coolant market has been forecast to increase at a compound annual growth rate (CAGR) of 7.79% over the next five years, reaching a market value of approximately $1.5 billion by the end of 2017.
Key drivers in this market include the increased demand for cars, growth in the middle class population in China, and a large automobile production sector.
China has one of the largest automobile industries in the world accounting for a large chunk of global automobile production. The country's manufacturing sector is well known for cost effective production and easy availability of cheap labour.
Foreign players prefer to manufacture in China itself as a result of easy & cheap availability of labour.
Over the last few years, the automobile market of the country has grown significantly which has directly benefited the automobile coolant sector. The country accounts for a massive market for automobile coolants alone and also has a huge demand for replacement automobile coolants.
In 2012, 62% of the automobile coolant market revenues have been generated by passenger cars. All the coolants used in China's automobile coolant market are produced in China itself.
The country accounts for a massive market for automobile coolants alone and also has a huge demand for replacement automobile coolants.
The market can be categorised on the basis of their chemicals which include ethylne glycole, organic acid etc. Ethylne glycol based coolant is the most commonly used automobile coolant in China
The coolant market in China is highly fragmented and most of it is dominated by large unorganised players having region specific presence. There are several organised players in the market as well but they are facing extreme competition from the unorganised sector.
For more information on the Chinese automotive coolant industry, see the latest research: Chinese Automotive Coolant Industry
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