Global Antifreeze Market, By Product Type (Glycerine, Propylene Glycol, Ethylene Glycol), Technology (Inorganic Acid Technology (IAT), Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT)), Vehicle Type (Passenger Cars, Low Commercial Vehicles, Heavy Commercial Vehicles), Application (Automotive, Aerospace, Industrial heat transfer and Cooling Systems), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Antifreeze market is expected to grow at a compound annual growth rate of 5.10% over the forecast period of 2020 to 2027. Data Bridge Market Research report on antifreeze market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The escalating vehicle manufacturing along with growing demand for automobiles from individuals is boosting the demand for antifreeze over the forecast period of 2020 to 2027. The rising need for protection against corrosion and freezing as well as the requirement for effective heat dissipation among automotive and aircraft manufacturers across the globe are helping to advance the growth of the target market. The rise in number of vehicles in operation driving the demand for antifreeze is also projected to heighten the antifreeze market growth rate. The rising sales of construction equipment fueling consumption of antifreeze, growth in demand for HVAC systems, growing concerns in protecting automotive engines and radiators against freezing, overheating and corrosion, rising product applications in aerospace industry and rising demand for passenger cars and light weight commercial vehicles are also flourishing the growth of the antifreeze market in the above mentioned forecast period. Moreover, the increasing demand for engine coolant and antifreeze products, in the red to rising sales of construction equipment that are used for heavy duty workloads by different players manufacturing constructions equipment’s has enhanced the demand for antifreeze has hastily risen.
Also the increase the demand for antifreeze and engine coolant products from original equipment manufacturers and aftermarket in the automotive industry is consecutively boosting the demand of antifreeze market. Furthermore, the battery thermal management using liquid cooling systems in electric and hybrid vehicles is likely to offer lucrative opportunities for the growth of the antifreeze market in the above mentioned forecast period.
However, the introduction of coolants with long service life and rising trend of engine downsizing is acting as market restraint for antifreeze in the above mentioned forecasted period, whereas the volatile price of raw material along with recycling of antifreeze will challenge the growth of the market over the forecast period of 2020 to 2027.
This antifreeze market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on antifreeze market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Antifreeze Market Scope and Market Size
Antifreeze market is segmented on the basis of product type, technology, vehicle type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the antifreeze market is segmented into glycerine, propylene glycol and ethylene glycol.
- Based on technology, the antifreeze market is segmented into inorganic acid technology (IAT), organic acid technology (OAT) and hybrid organic acid technology (HOAT).
- On the basis of vehicle type, the antifreeze market is segmented into passenger cars, low commercial vehicles and heavy commercial vehicles.
- The antifreeze market has also been segmented on the basis of application into automotive, aerospace and industrial heat transfer and cooling systems.
Global Antifreeze Market Country Level Analysis
Antifreeze market is analyzed and market size, volume information is provided by country, product type, technology, vehicle type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific leads the antifreeze market owing to the rising demand for passenger cars and light commercial vehicles mainly in India and China in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 owing to the rising investments made in aerospace R&D and strong presence of abundant market players in emerging countries of the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Antifreeze Market Share Analysis
Antifreeze market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to antifreeze market.
The major players covered in the antifreeze market report are Royal Dutch Shell, Exxon Mobil Corporation, Kost USA Inc., Motul, Ashland, Castrol Limited, Lukoil, Petroliam Nasional Berhad (PETRONAS), BASF SE, Chevron Philips Chemical Corporation, Total S.A., Sinopec Corp., Prestone Products Corporation, SONAX, DOW, Evans Cooling Systems Inc., DuPont Tate & Lyle, Cummins Inc., Havoline, Solventis and Huntsman Corporation LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Antifreeze Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.