Antifreeze Market 2017-2027: Trends, Opportunities, and Forecasts | Techsci Research

Posted by Kumar on April 27th, 2023

Antifreeze, also known as coolant, is a brightly colored liquid that comes in either yellow or green. It is made using either propylene glycol or ethylene glycol, and is commonly used in aerospace, automotive, and industrial heating/cooling systems. In the automotive market, Antifreeze/Coolant is essential for maintaining the optimal temperature inside a vehicle's engine by reducing excess heat. It has excellent chemical inertness, thermal capacity, low viscosity, non-toxic, and anti-corrosive properties, making it a desirable choice for various industries.

The global Antifreeze market is projected to grow at a CAGR of over 5% during the forecast period due to increased vehicle production, particularly in North America, as well as advancements in technology and increased travel miles per year. Ethylene Glycol dominates the market in 2021 due to its efficient thermal properties and is expected to maintain its dominance in the forecast period. The North America region is the fastest-growing region, driven by rising demand for light trucks and SUVs, as well as domestic OEMs such as General Motors Co., Fiat-Chrysler, and Ford Motors Co.

Key players in the Antifreeze industry include Royal Dutch Shell PLC, Chevron Corporation, China Petrochemical Corporation, Cummins Inc., BP P.L.C., Total, Exxon Mobil Corporation, Motul, and Prestone Products Corporation.

In recent developments, Valvoline, one of the world's top lubricant producers, introduced a new advanced coolant on August 5th, 2022. This glycol-based full-antifreeze coolant supports all cars and commercial vehicles and offers a 5-year or up to 500,000km drain interval. Arteco also introduced a new coolant called Freecor EV Milli 10 on May 26th, 2022, which is intended to be used indirectly to cool Battery-Operated Vehicles (BEVs) with reduced electrical conductivity. This reduced electrical conductivity coolant (

Browse full report stats, tables and figures- https://www.techsciresearch.com/report/global-antifreeze-market/1633.html

Objective of the Study:

• To assess the demand-supply scenario of Antifreeze which covers production, demand and supply of Antifreeze market globally.
• To analyse and forecast the market size of Antifreeze in terms of volume and Value.
• To classify and forecast global Antifreeze based on vehicle type, product, additive technology, OEM Vs Aftermarket and regional distribution.
• To identify drivers and challenges for global Antifreeze market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Antifreeze.
• To identify and analyse the profile of leading players involved in the manufacturing of global Antifreeze.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Antifreeze manufacturers operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and regional presence of all major Antifreeze supplier across the globe.

TechSci Research calculated the market size for Global Antifreeze using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturer to arrive at the overall market size. Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Antifreeze Producers
• Aftermarket Suppliers of Automotive Engine Coolant
• Automotive OEMs
• Antifreeze kit distributors
• Raw Material Suppliers for Automotive Antifreeze
• Research Institutes
• Associations, organizations, forums and alliances related to Antifreeze.
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Antifreeze manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Antifreeze market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vehicle Type:
• Passenger Cars
• Commercial Vehicle
• Market, by Product Type:
• Propylene Glycol
• Ethylene Glycol
• Glycerine
• Market, By Additive Technology:
• Inorganic Acid Technology (IAT)
•  Organic Acid Technology (OAT)
•  Hybrid Organic Acid Technology (HOAT)
• OEM Vs Aftermarket
• Market, by Region

Download Free Sample Report-     https://www.techsciresearch.com/sample-report.aspx?cid=1633