India Automotive Coolant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Coolant Manufacturers in India and It is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles) and Chemical Type (Ethylene Glycol and Propylene Glycol). The Market Size and Forecasts are Provided in Terms of Value (USD) for the Above-Mentioned Segments.

India Automotive Coolant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Automotive Coolant Market Size

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India Automotive Coolant Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 123.99 Billion
Market Size (2030) USD 189.20 Billion
CAGR (2025 - 2030) 8.82 %
Market Concentration High

Major Players

India Automotive Coolant Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Automotive Coolant Market Analysis

The India Automotive Coolant Market size is estimated at USD 123.99 billion in 2025, and is expected to reach USD 189.20 billion by 2030, at a CAGR of 8.82% during the forecast period (2025-2030).

  • The COVID-19 outbreak impacted the market negatively, as the demand for automobiles during the lockdown period declined to almost zero for the first time. The production of vehicles was also halted in order to maintain the social distancing norms and prevent the spread of the virus. However, with the rising consumer demand for automobiles, combined with the restart of manufacturing activity, has resulted in a resurgence in the automotive coolant industry.
  • With the growing demand for vehicles and government incentives to original equipment manufacturers (OEMs) to promote the Make in India initiative, several OEMs from across the world are investing heavily in the country to set up their production units to meet the local and global demand. The other factor acting as a market driver is the increasing average age of vehicles on the road.
  • Ethylene glycol is the most preferred automotive coolant. However, it is highly toxic and requires careful disposal. Therefore, the coolant industry began manufacturing less toxic coolants. The passenger cars segment is expected to grow at a high rate due to the high demand for cars in the country.

India Automotive Coolant Industry Overview

The intensity of competitive rivalry is high due to the presence of domestic and international players in the market. Some of the major players in the automotive coolant market include India Oil Corp., Castrol, Exxon Mobil, and Valvoline. Additionally, some OEMs, like Audi, BMW, VW, and Suzuki, supply coolants under their own brands, further impacting the competitive landscape. For instance, India's largest passenger carmaker, Maruti Suzuki India (MSIL), launched Ecstar, Suzuki's global brand of lubricants, coolants, and car care products in the country.

India Automotive Coolant Market Leaders

  1. Indian Oil Corp. Ltd

  2. Castrol Limited

  3. ExxonMobil Corp.

  4. Valvoline LLC

  5. Motul

  6. *Disclaimer: Major Players sorted in no particular order
India Automotive Coolant Market Concentration
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India Automotive Coolant Market News

  • March 2023: ExxonMobil decided to build its first lubricant blending plant in India to meet the augmenting demand.
  • August 2022: Shell Inc.'s subsidiary Shell Lubricants announced the launch of e-thermal fluids for electric vehicles in India.

India Automotive Coolant Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Vehicle Production
  • 4.2 Market Restraints
    • 4.2.1 Increasing Environmental Concerns and Regulations
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Passenger Cars
    • 5.1.2 Commercial Vehicles
  • 5.2 Chemical Type
    • 5.2.1 Ethylene Glycol
    • 5.2.2 Propylene Glycol

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Castrol Ltd.
    • 6.2.2 Valvoline LLC
    • 6.2.3 Indian Oil Corp Ltd.
    • 6.2.4 Motul
    • 6.2.5 Euroils
    • 6.2.6 Voltronic GmbH
    • 6.2.7 IFTEX Oil & Chemicals Ltd.
    • 6.2.8 Total SA
    • 6.2.9 ExxonMobil Corp.
    • 6.2.10 Schaeffler India Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Demand for EV Coolants
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India Automotive Coolant Industry Segmentation

Coolant plays three crucial functions in a vehicle. Firstly, it efficiently transfers combustion heat from the engine to the radiator, where it is released into the atmosphere. Secondly, it offers sufficient protection against freezing and boiling. Lastly, it safeguards the engine and cooling system metals from rust and corrosion, ensuring optimal performance and longevity.

The Indian automotive coolant market is segmented by vehicle type (passenger cars and commercial vehicles) and chemical type (ethylene glycol and propylene glycol). 

The report offers market size and forecasts in value (USD) for the above-mentioned segments.

Vehicle Type Passenger Cars
Commercial Vehicles
Chemical Type Ethylene Glycol
Propylene Glycol
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India Automotive Coolant Market Research FAQs

How big is the India Automotive Coolant Market?

The India Automotive Coolant Market size is expected to reach USD 123.99 billion in 2025 and grow at a CAGR of 8.82% to reach USD 189.20 billion by 2030.

What is the current India Automotive Coolant Market size?

In 2025, the India Automotive Coolant Market size is expected to reach USD 123.99 billion.

Who are the key players in India Automotive Coolant Market?

Indian Oil Corp. Ltd, Castrol Limited, ExxonMobil Corp., Valvoline LLC and Motul are the major companies operating in the India Automotive Coolant Market.

What years does this India Automotive Coolant Market cover, and what was the market size in 2024?

In 2024, the India Automotive Coolant Market size was estimated at USD 113.05 billion. The report covers the India Automotive Coolant Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Automotive Coolant Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Automotive Coolant Industry Report

Statistics for the 2025 India Automotive Coolant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Automotive Coolant analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.