Market Overview Of The Electric Vehicle Coolants Market
Global Electric Vehicle Coolants Market Size Was Valued at USD 2.01 Billion In 2022 And Is Projected to Reach USD 2.65 Billion By 2030, Growing at A CAGR of 4% From 2023 To 2030.
The battery system coolant was created to cool the heat generated in high voltage batteries; it is only intended for use in electric cars, including hybrids. Battery system coolant provides better electric insulation than engine coolant. (Electrical insulation test passed) Additionally, the battery cell fire risk test was passed. In low temperature zones, the cold start is available with a freezing point of less than -36°C. It offers the best anti-corrosion performance of any metallic object currently used in a battery system. In the contemporary metal parts, battery system coolant has good anti-corrosion performance.
The cooling conditions of electric vehicles are vastly different from those of internal combustion engines in passenger automobiles, particularly in terms of liquid flow rate and coolant temperature. At low coolant temperatures, the electric car has a flow rate of about 500 L/h, while at high coolant temperatures, the internal combustion engine can have a flow rate of up to 5 000 L/h. Without adjustment, the same size radiator for heat dissipation for a 30-kW internal combustion engine can only satisfy 3 kW for the electric car.
Market Dynamics And Factors Of The Electric Vehicle Coolants Market
Drivers:
- Rising Demand For Electric Vehicles
Restraints:
- High Maintenance Cost Of EV
Opportunities:
- High Growth Opportunity for Commercial Vehicle Sector
Key Industry Developments In The Electric Vehicle Coolants Market
May 2022, Arteco launch of a new coolant, Freecor® EV Milli 10 Freecor® EV Milli 10 is specifically designed as a reduced electrical conductivity coolant (<100 µS/cm) for indirect cooling of Battery Electric Vehicles (BEV).
COVID-19 Impact On The Electric Vehicle Coolants Market
COVID-19's effects have significantly altered the business environment for 2020 and had a detrimental effect on both production and sales across the board for the automobile industry. The COVID-19 epidemic caused a significant blow to the global economy. Global sales of electric vehicles were, on average, 15% lower in the first half of 2020 than in 2019. The growth of the Electric Vehicle Coolants business was adversely impacted by the drop in electric car sales. However, it is anticipated that future market acceptance would be favored by the economic recovery and governments gradually removing lockup restrictions.
Key Players For The Electric Vehicle Coolants Market
- BASF
- Dober
- Shell
- Total Energies
- Valeo
- Chevron
- Exxon Mobil
- Lukoil Petrons
- Ashland Corporation
- Sinclair Oil Corporation
- Blue Star Lubrication Technology and other key players.
Global Electric Vehicle Coolants Market |
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Base Year: |
2022 |
Forecast Period: |
2022-2028 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2.01 Bn. |
Forecast Period 2023-30 CAGR: |
4 % |
Market Size in 2030: |
USD 2.65 Bn. |
Segments Covered: |
By Coolant Type |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Coolant Type
3.2 By Vehicle Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Electric Vehicle Coolants Market by Coolant Type
5.1 Electric Vehicle Coolants Market Overview Snapshot and Growth Engine
5.2 Electric Vehicle Coolants Market Overview
5.3 Ethylene glycol
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Ethylene glycol: Geographic Segmentation
5.4 Polypropylene glycol
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Polypropylene glycol: Geographic Segmentation
5.5 Others
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Others: Geographic Segmentation
Chapter 6: Electric Vehicle Coolants Market by Vehicle Type
6.1 Electric Vehicle Coolants Market Overview Snapshot and Growth Engine
6.2 Electric Vehicle Coolants Market Overview
6.3 2 & 3 Wheeler
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 2 & 3 Wheeler: Geographic Segmentation
6.4 Passenger Car
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Passenger Car: Geographic Segmentation
6.5 Light Commercial Vehicle
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Light Commercial Vehicle: Geographic Segmentation
6.6 Heavy Commercial Vehicle
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Heavy Commercial Vehicle: Geographic Segmentation
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2016-2028F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Electric Vehicle Coolants Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Electric Vehicle Coolants Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Electric Vehicle Coolants Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 BASF
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 DOBER
7.4 SHELL
7.5 TOTAL ENERGIES
7.6 VALEO
7.7 CHEVRON
7.8 EXXON MOBIL
7.9 LUKOIL PETRONS
7.10 ASHLAND CORPORATION
7.11 SINCLAIR OIL CORPORATION
7.12 BLUE STAR LUBRICATION TECHNOLOGY
7.13 OTHER MAJOR PLAYERS
Chapter 8: Global Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Coolant Type
8.2.1 Ethylene glycol
8.2.2 Polypropylene glycol
8.2.3 Others
8.3 Historic and Forecasted Market Size By Vehicle Type
8.3.1 2 & 3 Wheeler
8.3.2 Passenger Car
8.3.3 Light Commercial Vehicle
8.3.4 Heavy Commercial Vehicle
8.3.5 Others
Chapter 9: North America Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Coolant Type
9.4.1 Ethylene glycol
9.4.2 Polypropylene glycol
9.4.3 Others
9.5 Historic and Forecasted Market Size By Vehicle Type
9.5.1 2 & 3 Wheeler
9.5.2 Passenger Car
9.5.3 Light Commercial Vehicle
9.5.4 Heavy Commercial Vehicle
9.5.5 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Coolant Type
10.4.1 Ethylene glycol
10.4.2 Polypropylene glycol
10.4.3 Others
10.5 Historic and Forecasted Market Size By Vehicle Type
10.5.1 2 & 3 Wheeler
10.5.2 Passenger Car
10.5.3 Light Commercial Vehicle
10.5.4 Heavy Commercial Vehicle
10.5.5 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Coolant Type
11.4.1 Ethylene glycol
11.4.2 Polypropylene glycol
11.4.3 Others
11.5 Historic and Forecasted Market Size By Vehicle Type
11.5.1 2 & 3 Wheeler
11.5.2 Passenger Car
11.5.3 Light Commercial Vehicle
11.5.4 Heavy Commercial Vehicle
11.5.5 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Coolant Type
12.4.1 Ethylene glycol
12.4.2 Polypropylene glycol
12.4.3 Others
12.5 Historic and Forecasted Market Size By Vehicle Type
12.5.1 2 & 3 Wheeler
12.5.2 Passenger Car
12.5.3 Light Commercial Vehicle
12.5.4 Heavy Commercial Vehicle
12.5.5 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Electric Vehicle Coolants Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Coolant Type
13.4.1 Ethylene glycol
13.4.2 Polypropylene glycol
13.4.3 Others
13.5 Historic and Forecasted Market Size By Vehicle Type
13.5.1 2 & 3 Wheeler
13.5.2 Passenger Car
13.5.3 Light Commercial Vehicle
13.5.4 Heavy Commercial Vehicle
13.5.5 Others
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Electric Vehicle Coolants Market |
|||
Base Year: |
2022 |
Forecast Period: |
2022-2028 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2.01 Bn. |
Forecast Period 2023-30 CAGR: |
4 % |
Market Size in 2030: |
USD 2.65 Bn. |
Segments Covered: |
By Coolant Type |
|
|
By Vehicle Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC VEHICLE COOLANTS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC VEHICLE COOLANTS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC VEHICLE COOLANTS MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC VEHICLE COOLANTS MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC VEHICLE COOLANTS MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC VEHICLE COOLANTS MARKET BY COOLANT TYPE
TABLE 008. ETHYLENE GLYCOL MARKET OVERVIEW (2016-2028)
TABLE 009. POLYPROPYLENE GLYCOL MARKET OVERVIEW (2016-2028)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. ELECTRIC VEHICLE COOLANTS MARKET BY VEHICLE TYPE
TABLE 012. 2 & 3 WHEELER MARKET OVERVIEW (2016-2028)
TABLE 013. PASSENGER CAR MARKET OVERVIEW (2016-2028)
TABLE 014. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 015. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET, BY COOLANT TYPE (2016-2028)
TABLE 018. NORTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 019. N ELECTRIC VEHICLE COOLANTS MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE ELECTRIC VEHICLE COOLANTS MARKET, BY COOLANT TYPE (2016-2028)
TABLE 021. EUROPE ELECTRIC VEHICLE COOLANTS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 022. ELECTRIC VEHICLE COOLANTS MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC ELECTRIC VEHICLE COOLANTS MARKET, BY COOLANT TYPE (2016-2028)
TABLE 024. ASIA PACIFIC ELECTRIC VEHICLE COOLANTS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 025. ELECTRIC VEHICLE COOLANTS MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA ELECTRIC VEHICLE COOLANTS MARKET, BY COOLANT TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA ELECTRIC VEHICLE COOLANTS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 028. ELECTRIC VEHICLE COOLANTS MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET, BY COOLANT TYPE (2016-2028)
TABLE 030. SOUTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 031. ELECTRIC VEHICLE COOLANTS MARKET, BY COUNTRY (2016-2028)
TABLE 032. BASF: SNAPSHOT
TABLE 033. BASF: BUSINESS PERFORMANCE
TABLE 034. BASF: PRODUCT PORTFOLIO
TABLE 035. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. DOBER: SNAPSHOT
TABLE 036. DOBER: BUSINESS PERFORMANCE
TABLE 037. DOBER: PRODUCT PORTFOLIO
TABLE 038. DOBER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. SHELL: SNAPSHOT
TABLE 039. SHELL: BUSINESS PERFORMANCE
TABLE 040. SHELL: PRODUCT PORTFOLIO
TABLE 041. SHELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. TOTAL ENERGIES: SNAPSHOT
TABLE 042. TOTAL ENERGIES: BUSINESS PERFORMANCE
TABLE 043. TOTAL ENERGIES: PRODUCT PORTFOLIO
TABLE 044. TOTAL ENERGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. VALEO: SNAPSHOT
TABLE 045. VALEO: BUSINESS PERFORMANCE
TABLE 046. VALEO: PRODUCT PORTFOLIO
TABLE 047. VALEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. CHEVRON: SNAPSHOT
TABLE 048. CHEVRON: BUSINESS PERFORMANCE
TABLE 049. CHEVRON: PRODUCT PORTFOLIO
TABLE 050. CHEVRON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. EXXON MOBIL: SNAPSHOT
TABLE 051. EXXON MOBIL: BUSINESS PERFORMANCE
TABLE 052. EXXON MOBIL: PRODUCT PORTFOLIO
TABLE 053. EXXON MOBIL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. LUKOIL PETRONS: SNAPSHOT
TABLE 054. LUKOIL PETRONS: BUSINESS PERFORMANCE
TABLE 055. LUKOIL PETRONS: PRODUCT PORTFOLIO
TABLE 056. LUKOIL PETRONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ASHLAND CORPORATION: SNAPSHOT
TABLE 057. ASHLAND CORPORATION: BUSINESS PERFORMANCE
TABLE 058. ASHLAND CORPORATION: PRODUCT PORTFOLIO
TABLE 059. ASHLAND CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. SINCLAIR OIL CORPORATION: SNAPSHOT
TABLE 060. SINCLAIR OIL CORPORATION: BUSINESS PERFORMANCE
TABLE 061. SINCLAIR OIL CORPORATION: PRODUCT PORTFOLIO
TABLE 062. SINCLAIR OIL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. BLUE STAR LUBRICATION TECHNOLOGY: SNAPSHOT
TABLE 063. BLUE STAR LUBRICATION TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 064. BLUE STAR LUBRICATION TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 065. BLUE STAR LUBRICATION TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 066. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 067. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 068. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COOLANT TYPE
FIGURE 012. ETHYLENE GLYCOL MARKET OVERVIEW (2016-2028)
FIGURE 013. POLYPROPYLENE GLYCOL MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 016. 2 & 3 WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 017. PASSENGER CAR MARKET OVERVIEW (2016-2028)
FIGURE 018. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 019. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA ELECTRIC VEHICLE COOLANTS MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Electric Vehicle Coolants Market research report is 2023-2030.
BASF, Dober, Shell, Total Energies, Valeo, Chevron, Exxon Mobil, Lukoil Petrons, Ashland Corporation, Sinclair Oil Corporation and Blue Star Lubrication Technology and other major players.
The Electric Vehicle Coolants Market is segmented into Coolant Type, Vehicle Type and region. By Coolant Type, the market is categorized into Ethylene glycol, Polypropylene glycol, Others. By Vehicle Type, the market is categorized into 2 & 3-Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.)
A coolant is a substance, usually liquid or gas, that is used to reduce or regulate a system's temperature. An ideal coolant has a high thermal capacity, low viscosity, is low in cost, non-toxic, chemically inert, and does not cause or promote cooling system corrosion.
Global Electric Vehicle Coolants Market Size Was Valued at USD 2.01 Billion In 2022 And Is Projected to Reach USD 2.65 Billion By 2030, Growing at A CAGR of 4% From 2023 To 2030.