Tag: Sustainability

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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Altair World wide Study Exhibits Electronic Twin Technological innovation Important to Driving Automotive Sector Sustainability

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92% say electronic twins enable create much more sustainable products and procedures

TROY, Mich., Could 17, 2023 /PRNewswire/ — Altair (Nasdaq: ALTR), a world wide chief in computational science and synthetic intelligence (AI), produced outcomes from an unbiased study that reveals a high adoption of digital twin technological know-how in the automotive market and its expected progress as a suggests of reaching sustainability aims. The international survey of more than 2,000 specialists throughout numerous industries and throughout 10 nations gauged electronic twin technological innovation adoption and assessed how companies are making use of it, its company advantages, and impression on sustainability initiatives.

According to a global survey conducted by Altair, 92% of automotive organizations say digital twins help create more sustainable products and processes

In accordance to a global study performed by Altair, 92% of automotive organizations say electronic twins assistance produce far more sustainable solutions and procedures

“In between shopper desire, governing administration anticipations, and global emissions targets, the race is on for automakers to continue to keep EV creation on keep track of,” claimed Dr. Royston Jones, senior vice president of automotive, Altair. “This report’s findings demonstrate the great importance of digital twin technologies in achieving people targets. Although quite a few have presently adopted this technological know-how into their processes, there is nevertheless tremendous area for instruction on the advantages that will lead to a rapid enlargement of its use across the business and beyond.”

The survey’s data suggests that between all 11 industries surveyed, the automotive business is the 2nd top adopter of digital twin technology powering only the large equipment sector. Nonetheless, though 76% of automotive respondents stated their corporations have already adopted digital twin technologies, automotive customers look to be at the early phases of adoption and are curious about its advantages and use situations. Just 35% of respondents look at on their own to be “remarkably well-informed about digital twin solutions,” the next lowest percentage out of all industries surveyed.

Crucially, nearly all (92%) automotive respondents who report using electronic twin know-how explained it has assisted them create a lot more sustainable products and processes – and automotive was the most most likely sector (63%) to be employing electronic twin systems to get to sustainability goals. Digital twin answers reduce materials squander by enabling engineers to operate simulations all through the structure procedure and examination capabilities prior to likely to prototype, which decreases the selection of physical prototypes necessary.

The change to electric autos (EVs), which will be a major facet of the combat to mitigate local climate alter and decrease carbon emissions, is driving the automotive industry’s swift transformation. Customer interest and demand for EVs is increasing, although the U.S. federal government is enacting stricter laws to incentivize automakers to transfer absent from classic internal combustion engine automobiles. Digital twin know-how can assistance the automotive industry convey extra EVs to market speedier at cost-effective rate details.

More vital findings from the study contain:

  • Motivation for more education and learning and adoption: Although the information demonstrates that electronic twin technological innovation is widely adopted in just the automotive market,

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Aluminum Delivers Sustainability to the Automotive Industry

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Alumobility, a world wide ecosystem of foremost aluminum and downstream technologies partners, will proceed its mission of educating the automotive business about the gains of applying aluminum in cars by collaborating in Automotive Circle’s “Sustainability in Automotive Output” meeting on November 29-30 in Undesirable Nauheim, Germany. 

Alumobility’s Taking care of Director, Dr. Thomas Rudlaff will share recent insights and study results though discussing “Techniques and roadmaps for the sustainable use of aluminum in the automotive business,” on Nov. 30 at 10:45 a.m. CET.

“I search forward to talking about with my colleagues how aluminum can minimize car bodyweight to know increased performance and cut down CO2 emissions though addressing highly developed technologies needs and extra sustainable manufacturing,” reported Rudlaff. “We can do this with out sacrificing basic safety, durability or efficiency, which is why aluminum is immediately turning out to be the material of preference for automotive brands.”

Battery Electrical Automobiles (BEVs) driving adoption of aluminum as suitable automotive substance

A single of the best elements driving automakers’ switch to aluminum is the swiftly rising market for battery electric automobiles (BEVs). They are the cars of the long term, a critical element of the effort to mitigate weather alter and arrive at sustainability targets.

Batteries are hefty and the most pricey ingredient of a BEV. Aluminum is light-weight with one particular-third the density of steel but the exact in-company energy, which implies automotive producers only will need to use 600 grams or much less of aluminum for each individual kilogram of steel.

Additionally, lightweight aluminum BEVs are a lot quicker to cost and have improved performance and most likely scaled-down battery packs, which indicates they push farther concerning charging stations with the similar total of vitality. Scaled-down batteries signify lessen prices for both equally automakers and shoppers.

Aluminum is infinitely recyclable

Aluminum is the most sustainable choice for automotive body sheet since it is infinitely recyclable with no a decline in its attributes, such as lightness, sturdiness, and formability. Recycling aluminum takes advantage of only about 5 per cent of the electricity to deliver primary steel and cuts down carbon emissions by as a great deal as 95 percent. Recycling aluminum scrap in a closed-loop procedure is an instant option for car companies to lessen their carbon emissions, whilst close-of-life recycling gives an chance for the long run.

Effectiveness, basic safety, and toughness are increased with aluminum.

Lightweighting with aluminum gives much better managing in the sort of more quickly acceleration, more responsive steering, faster braking, much less load on brakes and suspension, and the capability to tow and have additional.

Further more, aluminum has great corrosion resistance and is self-therapeutic, forming a protecting oxide barrier when cracked, dented, or deformed. In the occasion of a crash, aluminum absorbs additional strength than steel for every kilogram supplying it exceptional crush attributes.

“I search ahead to sharing extra of Alumobility’s case research and insights on the gains of working with aluminum in vehicle production at the upcoming Automotive Circle conference,” reported

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Vedanta Aluminium, Keen to Companion with the Automotive Business for Automobile Light Weighting & Sustainability

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Vedanta Aluminium, offering one of the largest ranges of aluminium products for auto industry

Vedanta Aluminium 1 of the greatest ranges of aluminium goods for auto industry

Vedanta Aluminium is keen to husband or wife with the Automotive Business for auto light-weight weighting & sustainability with ‘Restora’, its minimal carbon aluminium model.

Vedanta Restricted – Aluminium Enterprise (VEDL:VEDL)

NEW DELHI, DELHI, INDIA, July 18, 2022 /EINPresswire.com/ — Vedanta Aluminium, India’s greatest producer of aluminium, highlighted the importance of ‘green’ aluminium (i.e. aluminium with small carbon footprint) at the recently held national webinar by Automotive Element Companies Affiliation of India on ‘Light-weighting with Aluminium and Sustainability’. With its environment course-aluminium smelters, steel expertise, international technologies partnerships and deep R&D capabilities, Vedanta Aluminium has been a extensive-time partner to the vehicle market. The enterprise is keen to spouse with the automotive sector across the worth chain, from substantial gamers to OEMs and MSMEs, for reducing the industry’s import dependence.

Mr. Nikhil Bhagchandani, Dy. Director – Advertising and marketing, Vedanta Aluminium, who was the keynote speaker at the celebration, highlighted the relevance of ‘green’ aluminium in bolstering the endeavours of automakers to decarbonize their products, besides motor vehicle mild weighting. The business is India’s to start with to launch reduced carbon aluminium, branded ‘Restora’, for consumers on the lookout to source raw components responsibly for developing a environmentally friendly price chain. Restora has a carbon footprint that is approximately fifty percent the world-wide threshold for aluminium to be regarded as as reduced carbon. It’s second eco-friendly product, Restora Extremely, has an even decrease carbon footprint, that is in the vicinity of-zero and is among the most affordable in the globe.

Aluminium is currently the 2nd most used metallic in autos. Owing to evolving shopper consciousness in the direction of sustainability and tightening of emission norms, there has been a important boost in aluminium use in cars, be it battery electric motor vehicles (BEVs), hybrids or inside combustion motor (ICE) vehicles. The explanation remaining aluminium’s exclusive qualities which lend them selves quite properly to auto mild weighting and other positive aspects to the car business:
• Owing to its superior toughness-to-weight ratio, extra aluminium in vehicles would make them noticeably lighter, speedier, a lot easier to manoeuvre and superior on overall performance.
• Light weighting of vehicles also lessens their gasoline consumption, therefore helping with charge personal savings and cutting down carbon footprint.
• In electric powered automobiles, boost in aluminium utilization in the motor vehicle extends its driving range by offsetting battery excess weight, thereby lowering expense of ownership, even with addition of much more protection characteristics.
• Aluminium proceeds to travel car or truck protection as very well, since pound for pound, aluminium can absorb 2 times the crash energy of mild metal.
• Very malleable & ductile, aluminium also offers automakers outstanding style and design flexibility, across a huge assortment of purposes – from car or truck frames to engines, battery casings, doors & home windows, wheels, and numerous other smaller parts in concerning.
• More, aluminium’s all-natural resistance to corrosion

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