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 South America, 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 of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Antifreeze/Coolant Market
The antifreeze/coolant market size is expected to grow at a compound annual growth rate of 5.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on antifreeze/coolant 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.
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 or ethylene glycol. Antifreeze/coolant is usually utilized in automotive, aerospace and industrial heating/cooling systems.
The rise in number of vehicles in operation driving the demand for antifreeze/coolant is expected to influence the growth of the antifreeze/coolant market. In line with this, the rise in sales of construction equipment fueling consumption of antifreeze/coolants and high growth in demand for HVAC systems are also anticipated to act as key determinants favoring the growth of the antifreeze/coolant market over the forecast period of 2021 to 2028. Also the, rise in population, emerging economies, enhanced infrastructure and increase in vehicle fleet are also expected to positively impact the growth of the antifreeze/coolant market. The major factor accountable for the growth of the market is the rise in industrial developments across the globe.
However, the introduction of coolants with long service life and rise in trend of engine downsizing are likely to act as key restraints towards antifreeze/coolant market growth rate in the forecast period of 2021 to 2028, whereas the volatile price of raw material and recycling of antifreeze/coolant can challenge the growth of the antifreeze/coolant market in the above mentioned forecast period.
Furthermore, the battery thermal management using liquid cooling systems in electric and hybrid vehicles and the high demand for antifreeze and engine coolant products from original equipment manufacturers are expected to offer a variety of growth opportunities for the antifreeze/coolant market in the above mentioned forecast period.
This antifreeze/coolant 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, geographical expansions, technological innovations in the market. To gain more info on the antifreeze/coolant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Antifreeze/Coolant Market Scope and Market Size
The antifreeze/coolant market is segmented on the basis of base fluid, type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of base fluid, the antifreeze/coolant market is segmented into glycerine, propylene glycol, ethylene glycol, methanol and others.
- On the basis of type, the antifreeze/coolant market is segmented into green anti-freeze, OAT anti-freeze, HOAT anti-freeze and NOAT anti-freeze.
- Based on technology, the antifreeze/coolant market is segmented into inorganic acid technology (IAT), organic acid technology (OAT) and hybrid organic acid technology (HOAT).
The application for antifreeze/coolant market is segmented into automobile, aerospace, industrial, construction, electronics and others.
Antifreeze/Coolant Market Country Level Analysis
The antifreeze/coolant market is analyzed and market size, volume information is provided by country, base fluid, type, technology and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of 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 Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the antifreeze/coolant market because of the rise in automotive and aerospace industries along with the rapid industrialization and urbanization. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rise in consumption of ethylene glycol and propylene glycol in de-icing materials in the aerospace sector.
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 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 some of the major pointers used to forecast the market scenario for individual countries. Also, 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/Coolant Market Share Analysis
The antifreeze/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 market initiatives, global presence, production sites and facilities, production capacities, 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/coolant market.
The major players covered in the antifreeze/coolant market report are Royal Dutch Shell, Exxon Mobil Corporation, Kost USA Inc., Motul, BP plc, Ashland, Castrol Limited, Lukoil, PETRONAS Lubricants International, BASF SE, Chevron Philips Chemical 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 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.
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