The number of automobiles continues to grow, and coolant has a broad consumer market

The full name of coolant is antifreeze coolant. It is the cooling medium of the internal combustion engine circulation cooling system. It can prevent the cooling system components from rusting, corrosion, freezing and cracking, inhibiting the formation of scale, etc., thereby improving the engine working efficiency, extending the service life of the vehicle, and ensuring the normal operation of the vehicle. run.

There are various types of coolant. According to the type of antifreeze, it can be divided into ethylene glycol type coolant and propylene glycol type coolant; according to the different composition of corrosion inhibitor, it can be divided into inorganic type coolant and organic type coolant; according to different applicable objects It can be divided into light load engine coolant and heavy load engine coolant.

As my country’s economy continues to develop, national living standards continue to improve, disposable income continues to increase, and domestic car ownership continues to grow, providing a broad consumer market for coolant. According to data released by the Ministry of Public Security, my country’s car ownership will reach 319 million vehicles in 2022, an increase of 17.52 million vehicles or 5.81% over 2021.

According to the “China Coolant Product Market Analysis Feasibility Research Report 2023-2027” released by the Industrial Research Center, compared with Thermal management systems of traditional fuel vehicles and new energy electric vehicles are more complex, and the demand for coolant is also greater. In the context of the increasingly severe environmental situation, the increasing social awareness of environmental protection and the increasing policy support, the production and sales of new energy vehicles in my country have shown explosive growth in recent years, driving the sales of coolant to continue to grow. In 2022, my country’s coolant sales will exceed 1.6 million tons, a year-on-year increase of approximately 7.98%.

The coolant industry in developed countries such as Europe and the United States started early and has a long development time. It has strong competitive advantages in production technology, product quality, brand awareness, etc., and is in a dominant position in the global market. Representative companies include Prestone and Exxon Mobil in the United States. , Total in France, Shell in the Netherlands, Castrol in the UK, etc.

After a period of development in the domestic coolant industry, the number of production companies has continued to increase, production technology has continued to advance, and the industry’s competitiveness has continued to improve. However, due to the lack of certain technology and experience accumulation, the research and development capabilities, product quality, etc. are compared with the international advanced level. There is still a certain gap, and local companies still have a lot of room for development. At present, domestic coolant manufacturers include Sinopec Lubricant Co., Ltd., China Bluestar (Group) Co., Ltd., Jiangsu Longpan Technology Co., Ltd., Qingdao Compton Technology Co., Ltd., etc.

Industry analysts said that as national disposable income continues to increase, the state’s support for the new energy vehicle industry continues to increase, and domestic The coolant market demand will still maintain a growth trend, and the industry development prospects are good. In the context of continuous advancement of production technology and increasing market requirements for product quality, domestic coolant manufacturers need to continuously develop new technologies and new products to meet the market’s ever-increasing diversified needs and enhance their core competitiveness.