Tag: Rising

Rising Vehicle Lifespan and Sustainability Drive Growth in the Global Automotive Coolant Industry to 2028

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Global Automotive Coolant Market

Global Automotive Coolant Market

Global Automotive Coolant Market

Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) — The “Automotive Coolant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global automotive coolant market, valued at US$ 4.8 billion in 2022, is poised for significant growth in the coming years, with projections indicating a rise to US$ 6.6 billion by 2028.

This impressive growth is expected to be driven by several key factors and trends in the automotive industry.

Automotive coolant, commonly known as antifreeze, is a crucial component used to regulate a vehicle’s temperature within a specific range.

It is primarily composed of ethylene glycol or propylene glycol mixed with water and contains additives such as corrosion inhibitors and antifoam agents, enhancing engine performance. The primary function of coolants is to prevent automobile radiators from overheating during summer and freezing in winter, thus averting potential breakdowns.

Key Growth Drivers:

  1. Thriving Automotive Industry: The global automotive industry’s robust performance is a primary catalyst behind the market’s growth. There has been a notable increase in the demand for passenger vehicles in recent years, significantly contributing to the market’s expansion.

  2. Stringent Regulatory Policies: Regulatory policies governing the safe disposal and recycling of antifreeze materials have driven the adoption of reusable coolant variants. Awareness among consumers about proper disposal practices has also increased, as used coolants can contain toxic heavy metals harmful to the environment and soil.

  3. Technological Advancements: Manufacturers are formulating advanced coolants using technologies such as Inorganic Acid Technology (IAT), Hybrid Organic Acid Technology (HOAT), and Organic Acid Technology (OAT). These innovations result in the creation of silica- and phosphate-free products, further boosting market growth.

  4. Increased Vehicle Lifespan: Improvements in the average lifespan of vehicles have led to a higher demand for quality automotive coolants. Longer vehicle lifespans necessitate effective coolant solutions for prolonged performance.

  5. Environment-Friendly Coolants: The introduction of environment-friendly coolant options aligns with growing sustainability efforts and environmental awareness.

  6. Rising Disposable Incomes: The disposable incomes of consumers have been on the rise, contributing to increased spending on automotive maintenance and coolant products.

Market Segmentation:

The report offers a detailed analysis of key trends within various segments of the global automotive coolant market. The market is segmented based on product, type, application, and end-user.

Product Types:

  • Ethylene Glycol

  • Propylene Glycol

  • Glycerin

Coolant Types:

  • Inorganic Acid

  • Organic Acid

  • Hybrid Organic Acid

  • Others

Applications:

  • Passenger Cars

  • Commercial Vehicles

  • Two Wheelers

  • Others

End-User Segments:

Regional Insights:

  • North America

  • Asia Pacific

  • Europe

  • Middle East and Africa

  • Latin America

Competitive Landscape:

The report provides an in-depth analysis of the competitive landscape within the global automotive coolant market. Key players in the industry include Total S.A. (Total), ExxonMobil, Castrol Limited, The British Petroleum Plc, Cummins Inc., Royal Dutch Shell Plc, BASF SE, Chevron Corporation, The PJSC LUKOIL, Motul S.A., and China Petrochemical Corporation (Sinopec Group), among others.

Key Questions Addressed:

  1. How has the global automotive coolant market performed, and what is its growth outlook?

  2. What

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Advance Vehicle Areas Introduces Superfan ‘Ed Vance,’ Supplying Rising Auto Fanatics a New Voice In Escalating Class

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RALEIGH, N.C.–(Small business WIRE)–Progress Car Sections (NYSE: AAP), a leading automotive aftermarket components supplier, now launched its No. 1 supporter “Ed Vance,” revolutionizing the category by symbolizing the voice of an rising section of car enthusiasts – people learning to Do it yourself and craving a husband or wife on their journey.

In Ed Vance, Progress is giving an reliable, relatable, entertaining and classification-unique bilingual voice to embody, characterize and connect with these modern DIYers, dwelling together with them in their Do it yourself journey. And his name just takes place to be like the manufacturer … Ed Vance loves Progress.

Forty % of motorists who maintain their possess cars are in between 16 and 34 many years previous. Expanding need for extra seamless and approachable auto treatment options, coupled with heightened interest from these younger, a lot more socially connected auto fans, allows Progress to be the category’s initially-mover in merging customers’ desire to be represented and discover as they “do” with a new trusted confidante – Ed Vance.

“Ed’s identify recognition will draw quick link to the Advance brand name and serve as a automobile to communicate the fantastic rewards Progress features,” stated Jason McDonell, executive vice president of merchandising, promoting and eCommerce at Progress Automobile Parts. “Ed is capable to tell short stories that turn into authentic and true and link with a new era of car or truck fans who have emerged all through the pandemic. We leaned into this in producing Ed as ‘every person’s human being,’ inspiring these motorists to try one thing new in caring for their automobile though accelerating our commitment to construct own connections with them.”

In a retail group mostly seen as a “sea of sameness,” Ed Vance additional differentiates Progress as the have to have for motor vehicle upkeep raises parallel to the ordinary age of cars in the U.S. achieving 12 several years. Progress advancements a environment in movement via treatment and velocity – a deliberate verb that signifies the brand’s motivation to evolving to meet up with motorists’ desires.

Ed and Advance’s “Do It Together” motion is threaded through all areas of the new campaign, a relationship-to start with strategy guiding all marketing initiatives and putting the shopper journey front and heart. Ed Vance is bilingual, launched as “Eduardo Vance” to Hispanic audiences in all internet marketing. His persona 1st debuts on Instagram and Twitter (@EdVance4Advance), adopted by 30-, 15- and 6-next places in equally English and Spanish positioned in media and on platforms appropriate to the modern DIYer, including Roku, Spotify, Pandora, Twitch and a lot more.

Progress also not too long ago debuted a new custom topic and sonic logo in two languages. “This is How We Advance” and “Avanza Con Advance” travel brand name recognition and affinity for Progress whilst furnishing a memorable, hummable tune for DIYers.

The arrival of Ed Vance arrives as Progress celebrates its 90th “Advanceiversary” this summer months by curating consumers’ most memorable times on the street

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Blockchain Tech Is Rising On The Car Horizon

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Most of us are unaware of the working day-in-day-out soreness that we go through on behalf of antiquated monitoring of cars. We stand in quasi-zombie traces with hundreds of weary homeowners awaiting paperwork from a governing administration worker. We shell out for a lot more high-priced insurance coverage to cover the clandestine fraud transpiring in the course of our society. We unknowingly take increased product or service costs to cover the charges of software package recollects from cybersecurity hacks or skyrocketing products liability insurance plan. All of these appear as pocket transform to an unique, still quantity to billions in squander in the aggregate.

A new working day, however, has emerged in the daily life of the automotive sector: the beginnings of blockchain that, if cultivated, shall experience extra gains. That mentioned, looking at 75% of the inhabitants has no plan what blockchain is and how this customarily-financial-sector tech will completely transform firms, let us commence with a definition, then clarify its appealing introduction and eventually the probably, long term added benefits.

The What is and Why’s Of Blockchain

Lengthy back at … nicely … my start, culture only retained data via paper and filing cabinets. There ended up (and keep on to be) numerous issues with these types of devices: 1) the overall approach is manually intensive, 2) the info is not obtainable outdoors of that place, 3) back-up programs are even far more costly (e.g., copying, sending) and routinely forgotten thereby creating 4) restoring info from disasters nearly not possible.

Then alongside came the computer system, and all of those problems went away. Form of. If a area server was not adequately backed-up there could still be troubles, but the larger worry was now cybersecurity. Any on-line ledger invited hackers to wipe out or alter its information.

Blockchain solves these concerns by allowing for an on the net history process that is “secure by design” because several nodes or pcs are collectively communicating and validating the ledger’s data. Though no tech is 100% unhackable, these methods depict a hard obstacle for destructive actors since it requires untold simultaneous, coordinated attacks. The founder of blockchain was so positive and fascinated in its protection that [s]he stays anonymous, and it has been utilized for billions of monetary transactions courting again to 2009 and Bitcoin.

A New Day Registers In Automotive

As of summer season 2022, the

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Rising Battery Prices Add Uncertainty to Electric-Vehicle Costs

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Surging prices for the metals that make up electric-vehicle batteries have ended a decadelong decline that brought the cost of EVs to within spitting distance of gasoline-powered vehicles.

Since 2010, lithium-ion battery prices on average have tumbled 90% to about $130 per kilowatt-hour. The magic number that makes electric vehicles competitive with internal-combustion engine vehicles is roughly $100 a kilowatt-hour. Many expected the battery industry to reach that mark in 2024, a goal that is looking increasingly elusive.

Lower costs helped boost EV sales by 112% in 2021 to more than 6.3 million units world-wide from the previous year, according to Benchmark Mineral Intelligence, which tracks the global battery supply chain.

Now, prices are soaring for the key ingredients in batteries. Battery-grade cobalt prices are up 119% from Jan. 1, 2020, through mid-January 2022, nickel sulfate gained 55% and lithium carbonate rose 569%, according to Benchmark.

“What’s happening in the supply chain is casting doubt on that $100 kilowatt-hour price,” said Caspar Rawles, Benchmark’s chief data officer. “We’re hearing [about] quite significant price increases for auto makers from cell suppliers.” Some battery-cell makers that historically offered long-term fixed-price contracts have switched to variable-price deals, letting them pass on some of the costs of rising metals prices to customers, he said.

Volkswagen employees working on an electric-vehicle assembly line in Germany in 2019.



Photo:

Krisztian Bocsi/Bloomberg News

Most major U.S. and European auto makers shifted their focus to electric vehicles in the past few years, prompting a burst in demand that quickly outpaced supplies. China, which dominates the battery supply chain and has the world’s largest EV market, has also significantly increased EV production. Since it typically takes seven to 10 years to open a new mine, many battery materials could remain in short supply for years.

“You’ve got soaring demand for all these battery metals, and there’s this complete disconnect” between the mining sector and the automotive industry, said Daniel Clarke, thematic analyst at GlobalData, a data analytics group in London.

The lithium market is expected to see its biggest shortage on record in tons in 2022 amid soaring demand, labor problems and Covid-19 disruptions, according to Benchmark. EV auto makers in China have already started boosting prices, with

BYD Co.

raising the sticker price on some models by more than $1,000, Benchmark said.

Tesla CEO Elon Musk has said one of his biggest raw-material concerns is nickel.



Photo:

Susan Walsh/Associated Press

Tesla Inc.

Chief Executive

Elon Musk

last year said one of his biggest raw-material concerns was nickel. “So hopefully this message goes out to all mining companies,” he said on an earnings call. “Please get nickel.”  Tesla has a contract to get nickel from

BHP Group Ltd.

, the world’s largest miner by market value.

New projects also often face protests from nearby communities, raising questions about expanded supplies. In January, Serbia revoked

Rio Tinto

PLC’s lithium

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Passenger Car Accessories Consumption Market Analysis, Rising Trends and Outlook to 2031

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New Jersey, United States,- Market Research Intellect has released a new publication on the Passenger Car Accessories Consumption market, which has the title “Analysis and forecast of the Passenger Car Accessories Consumption market 2022.”The publication provides an in-depth assessment of the global automotive chassis dynamometers market based on competition, market dynamics, market segmentation and other vital aspects.

The market research report is a compilation of comprehensive intelligence studies that explore almost every aspect of the global Passenger Car Accessories Consumption market. Market participants can use the report to learn more about the competitive landscape and the level of competition in Passenger Car Accessories Consumption market. The report presents itself as a powerful tool that players can use to prepare to secure the lion’s share of the global Passenger Car Accessories Consumption market. In addition, it evaluates each segment of the Passenger Car Accessories Consumption market in detail so that readers can be informed about future opportunities and high-growth areas of the industry. In addition, it offers a comprehensive study of the crucial market dynamics, including growth drivers, constraints, challenges, trends and opportunities.

Get | Download Sample Copy with TOC, Graphs & List of Figures@ https://www.marketresearchintellect.com/download-sample/?rid=373419

The authors of the report provide an encyclopedic account of the main regional markets and their progress in recent years. Readers receive accurate facts and figures related to Passenger Car Accessories Consumption market and its important factors such as consumption, production, revenue growth and CAGR. The report also shares the gross margin, market share, attractiveness index and value and volume growth of all segments studied by analysts. It highlights key developments, the product portfolio, the markets served and other areas that describe the growth of the activities of the main companies described in the report.

The report was prepared using the latest primary and secondary research methodologies and tools. Our analysts rely on government documents, white papers, press releases, reliable investor information, financial and quarterly reports and public and private interviews to collect data and information related to the market in which they work.

The major players covered in Passenger Car Accessories Consumption Markets:

  • Toyota
  • Hyundai Motor
  • Honda
  • FORD
  • Renault
  • Nissan
  • General Motors
  • Volkswagen
  • BMW
  • AUDI

Passenger Car Accessories Consumption Market Breakdown by Type:

  • Doors
  • Windows
  • Wheels & Rims
  • Car Cover
  • Mirrors

Passenger Car Accessories Consumption Market breakdown by application:

  • Automobile Industry
  • Others

The Passenger Car Accessories Consumption market report has been separated according to separate categories, such as product type, application, end-user, and region. Each segment is evaluated on the basis of CAGR, share, and growth potential. In the regional analysis, the report highlights the prospective region, which is expected to generate opportunities in the global Passenger Car Accessories Consumptions market in the coming years. This segmental analysis will surely prove to be a useful tool for readers, stakeholders and market participants in order to get a complete picture of the global Passenger Car Accessories Consumptions market and its growth potential in the coming years.

Get | Discount On The Purchase Of This Report

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Automotive Technologies Market Size to grow by USD 134.06 bn | Rising Adoption of ADAS Features in Vehicles to Boost Growth

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NEW YORK, Nov. 26, 2021 /PRNewswire/ — The automotive technologies market will be driven by the rising adoption of ADAS features in vehicles. The market is expected to grow by USD 134.06 bn from 2020 to 2025. According to Technavio, the growth momentum of the market will decelerate at a CAGR of 11.04%. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.

Attractive Opportunities in Automotive Technologies Market by Component and Geography – Forecast and Analysis 2021-2025

Request a Free Sample Report to explore growth opportunities in the automotive technologies market

The automotive technologies market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The automotive technologies market report covers the following areas:

Automotive Technologies Market 2021-2025: Segmentation

Download a Free Sample to learn about the contribution of each segment of the market

Automotive Technologies Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising adoption of ADAS features in vehicles, the increasing adoption of electronics-based driving comfort and safety systems, and intervention of innovative technologies for advanced UI will offer immense growth opportunities. However, lack of standard protocols, lack of connected infrastructure, and delay in luxury of ongoing updates and amendments will challenge the growth of the market participants.

Automotive Technologies Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive technologies market, including Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Intel Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Xilinx Inc., and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research report on the automotive technologies market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Automotive Technologies Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period. The region will account for 53% of the market’s growth. China, Japan, and South Korea (Republic of Korea) are the key countries for the automotive technologies market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of electronics-based driving comfort and safety systems will drive the automotive technologies market growth in APAC.

Automotive Technologies Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive

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