Market Share of Automotive Coolant Industry
The automotive coolant market is dominated by several key players such as ExxonMobil Corp., TotalEnergies Inc., Valvoline Inc., and others. The companies are focusing on geographic expansion for increasing their customer base and enhancing revenue generation. For instance,
- In March 2023, Aramco, The Saudi Arabian Oil Company acquired Valvoline Inc. for USD 2.65 billion, through one of its wholly-owned subsidiaries. Through this acquisition, Aramco will expand its coolant products across the globe.
- In May 2022, Hella received the first large-volume series order for its new Coolant Control Hub (CCH). Series production is expected to start in 2024 at Hella's electronics plant in San José Iturbide, Mexico.
- In August 2021, Valvoline Inc. launched new coolant technology specifically designed for modern engines, called Valvoline Antifreeze Coolant HT-12™ Green and Valvoline Antifreeze Coolant HT-12 Pink.
- In April 2021, Valvoline expanded its company-owned Quick-Lube Network with the acquisition of 16 service centers in Texas.
Automotive Coolant Market Leaders
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ExxonMobil Corp.
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Royal Dutch Shell PLC
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Chevron Corporation
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TotalEnergies SE
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Saudi Aramco Group
*Disclaimer: Major Players sorted in no particular order
