Global demand for engine cooling fluids is rising significantly because of the increasing standards of performance needed in automobile industry. The current value of the engine cooling fluids industry is approximately is US $ 4.2 billion. Shell, Honeywell Exxon Mobil, BP, Ashland and Dow Chemical are some of the well-established industry participants of engine cooling fluids in the worldwide market. Engine cooling fluids play a vital role in functioning of various parts of an automobile. Brake fluid, coolant, lubricants, transmission fluid, hydraulic oil, additives, and friction reducers are some of the liquids used for keeping the light vehicles, aircraft, industrial machinery, off-way highway vehicles, buses and cars in proper working conditions.