However, theintroduction of coolants with long service life and rise in trend of enginedownsizing are likely to act as key restraints towards antifreeze/coolantmarket growth rate in the forecast period of 2021 to 2028, whereas the volatileprice of raw material and recycling of antifreeze/coolant can challenge thegrowth of the antifreeze/coolant market in the above mentioned forecast period.
The antifreeze/coolant market size is expected to grow at a compound annual growthrate of 5.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report onantifreeze/coolant market provides analysis and insights regarding the variousfactors expected to be prevalent throughout the forecasted period whileproviding their impacts on the market’s growth.
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Antifreeze,also known as coolant, is a type of a bright yellow or green liquid.Antifreeze/coolant is generally formulated by using either propylene glycol orethylene glycol. Antifreeze/coolant is usually utilized in automotive,aerospace and industrial heating/cooling systems.
The rise innumber of vehicles in operation driving the demand for antifreeze/coolant isexpected to influence the growth of the antifreeze/coolant market. In line withthis, the rise in sales of construction equipment fueling consumption ofantifreeze/coolants and high growth in demand for HVAC systems are alsoanticipated to act as key determinants favoring the growth of theantifreeze/coolant market over the forecast period of 2021 to 2028. Also the,rise in population, emerging economies, enhanced infrastructure and increase invehicle fleet are also expected to positively impact the growth of theantifreeze/coolant market. The major factor accountable for the growth of themarket is the rise in industrial developments across the globe.
Furthermore,the battery thermal management using liquid cooling systems in electric andhybrid vehicles and the high demand for antifreeze and engine coolant productsfrom original equipment manufacturers are expected to offer a variety of growthopportunities for the antifreeze/coolant market in the above mentioned forecastperiod.
Thisantifreeze/coolant market report provides details of new recent developments,trade regulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localized market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographical expansions, technological innovations in the market. To gain moreinfo on the antifreeze/coolant market contact Data Bridge Market Research foran Analyst Brief, our team will help you take an informed market decision toachieve market growth.
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Theantifreeze/coolant market is segmented on the basis of base fluid, type,technology and application. The growth amongst the different segments helps youin attaining the knowledge related to the different growth factors expected tobe prevalent throughout the market and formulate different strategies to helpidentify core application areas and the difference in your target markets.
On the basisof base fluid, the antifreeze/coolant market is segmented into glycerine,propylene glycol, ethylene glycol, methanol and others.
On the basisof type, the antifreeze/coolant market is segmented into green anti-freeze, OATanti-freeze, HOAT anti-freeze and NOAT anti-freeze.
Based ontechnology, the antifreeze/coolant market is segmented into inorganic acidtechnology (IAT), organic acid technology (OAT) and hybrid organic acidtechnology (HOAT).
Global Antifreeze/Coolant Market, By Base Fluid (Glycerine, Propylene Glycol,Ethylene Glycol, Methanol, Others), Type (Green Anti-Freeze, OAT Anti-Freeze,HOAT Anti-Freeze, NOAT Anti-Freeze), Technology (Inorganic Acid Technology(IAT), Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT)),Application (Automobile, Aerospace, Industrial, Construction, Electronics,Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of SouthAmerica, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey,Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea,Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest ofAsia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of MiddleEast and Africa) Industry Trends and Forecast to 2028
Theantifreeze/coolant market is analyzed and market size, volume information isprovided by country, base fluid, type, technology and application as referencedabove.
Thecountries covered in the market report are U.S., Canada and Mexico in NorthAmerica, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia,Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, SouthKorea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Restof Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel,Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of MiddleEast and Africa (MEA), Brazil, Argentina and Rest of South America as part ofSouth America.
Asia-Pacificleads the antifreeze/coolant market because of the rise in automotive andaerospace industries along with the rapid industrialization and urbanization.North America is expected to expand at a significant growth of the over theforecast of 2021 to 2028 due to rise in consumption of ethylene glycol andpropylene glycol in de-icing materials in the aerospace sector.
The countrysection of the report also provides individual market impacting factors andchanges in regulation in the market domestically that impacts the current andfuture trends of the market. Data points such as consumption volumes,production sites and volumes, import export analysis, price trend analysis,cost of raw materials, down-stream and upstream value chain analysis are someof the major pointers used to forecast the market scenario for individualcountries. Also, presence and availability of global brands and theirchallenges faced due to large or scarce competition from local and domesticbrands, impact of domestic tariffs and trade routes are considered whileproviding forecast analysis of the country data.
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Theantifreeze/coolant market competitive landscape provides details by competitor.Details included are company overview, company financials, revenue generated,market potential, investment in research and development, new marketinitiatives, global presence, production sites and facilities, productioncapacities, company strengths and weaknesses, product launch, product width andbreadth, application dominance. The above data points provided are only relatedto the companies’ focus related to antifreeze/coolant market.
The majorplayers covered in the antifreeze/coolant market report are Royal Dutch Shell,Exxon Mobil Corporation, Kost USA Inc., Motul, BP plc, Ashland, CastrolLimited, Lukoil, PETRONAS Lubricants International, BASF SE, Chevron PhilipsChemical Corporation, Total, China Petroleum & Chemical Corporation,Prestone Products Corporation, SONAX, DOW, Evans Cooling Systems Inc., DuPont,Tate & Lyle, Havoline, and Huntsman Corporation LLC among other domesticand global players. Market share data is available for global, North America,Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South Americaseparately. DBMR analysts understand competitive strengths and providecompetitive analysis for each competitor separately.
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