Global automotive coolant hose market to grow at a CAGR of 3.77% during the period 2017-2021.
Global Automotive Coolant Hose Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is manufacturing coolant hose adaptive to all types of coolants. Currently, ethylene glycol-based coolant is used by most of the vehicles. However, there is an increasing adoption of propylene glycol-based coolants. These coolants are less toxic but are more expensive compared with ethylene glycol-based coolants. Propylene glycol-based coolants can be mixed with any other coolants without any side effect. Propylene glycol has better heat transfer and thermal conductivity properties. In addition, the viscosity of propylene glycol is higher than that of ethylene glycol.
According to the report, one of the major drivers for this market is increasing sales of passenger cars. The sale of passenger cars is highly correlated with the growth of the global automotive coolant hose market. The market for automotive coolant hose in the passenger cars segment accounted for 73.53% of the global automotive coolant hose market in 2016. Further, the global car sales increased in all regions in 2016 where SUVs and crossovers registered the highest sales growth in the Chinese and European passenger cars markets.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuation in natural rubber prices. Rubber is an essential material used for the manufacturing of automotive coolant hose. Fluctuating prices of rubber is a major challenge for the automotive coolant hose manufacturers.
- Sumitomo Riko
- Toyoda Gosei
Other Prominent Vendors
- Plastic Omnium
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Application
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Vendor Analysis
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