India Automobile Coolant Market to Grow at 6% Till 2019 Finds TechSci Research Study
Summary
Growing industrialization and infrastructure coupled with robustly increasing micro, small and medium enterprises (MSMEs) sector is fueling the demand for light passenger vehicles and heavy duty trucks in the country.Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the automobile coolant industry in India.As ethylene glycol is a crude oil byproduct, the growing production and refining capacity of crude oil is increasing availability of ethylene glycol in India, which is consequently boosting the coolant production in the country.Indian automobile sector, the sixth largest passenger vehicle manufacturer and the second largest commercial vehicle manufacturer, globally, witnessed a strong growth during 2009-12.Growing industrialization and infrastructure coupled with robustly increasing micro, small and medium enterprises (MSMEs) sector is fueling the demand for light passenger vehicles and heavy duty trucks in the country.Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the automobile coolant industry in India.