Data Bridge Market Research analyses that the antifreeze market was valued at USD 5.08 billion in 2021 and is expected to reach the value of USD 7.85 billion by 2029, at a CAGR of 5.60% during the forecast period of 2022-2029. The key factors discussed in the Antifreeze Market report will surely aid the buyer in studying the market on competitive landscape analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global Antifreeze Market considering the past, present and future state of the industry. Competitive analysis conducted in This report makes aware about the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The supreme Antifreeze business report also includes the detailed profiles for the market’s major manufacturers and importers who are influencing the market.
The consistent Antifreeze Market report not only provides knowledge and information about all the recent developments, product launches, joint ventures, mergers, and acquisitions by the several key players and brands but also acts as a synopsis of market definition, classifications, and market trends. Estimations about the rise or fall of the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are evaluated in the report. The premium Antifreeze report gives details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies.
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Key Players Mentioned in the Antifreeze Market Research Report:
Royal Dutch Shell plc (U.K.), OLD WORLD INDUSTRIES, LLC (U.S.), Prestone Products Corporation (U.S.), Arteco (Belgium), AMSOIL INC. (U.S.), Recochem Corporation. (Canada), and Valvoline Inc. (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), TotalEnergies (France), Chevron Corporation. (U.S.), Motul (France)
The report provides an excellent overview of the main macroeconomic factors having a significant impact on the growth of the Antifreeze market. It also provides the absolute dollar opportunity analysis which can be crucial in identifying revenue generation and sales increasing opportunities in the Antifreeze market. Market players can use the qualitative and quantitative analysis provided in the report to get a good understanding of the Antifreeze market and make strong strides in the industry in terms of growth. The overall Antifreeze market size and that of each segment studied in the report are accurately calculated based on various factors.
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Global Antifreeze Market Dynamics
Drivers
Incorporation of high performance lubricants
The introduction of high-performance lubrication as a result of changing environmental regulations to reduce carbon footprints has resulted in high-performance and enhanced fuel efficiency of vehicles. Automotive antifreeze is added to high-performance lubricants to keep them from freezing, which increases engine durability. This is expected to provide a significant growth to the automotive antifreeze market in the coming years. To ensure market sustainability, key market players are focusing on new product launch strategies and geographic expansion.
Development of bio-based antifreeze to eliminate toxicity in the nature
Prolonged exposure to automotive antifreeze can cause poisoning in humans as well as toxic effects in small animals. Governments in several countries are taking disciplinary actions to offset harmful effects that could harm the environment by contaminating water resources.
As a result, manufacturers in the automotive antifreeze market are incorporating bio-based antifreeze into various lubricant formulations in order to meet the standards set forth by various government bodies. As it is environmentally friendly and biodegradable, consumers are increasingly preferring bio-based automotive antifreeze.
Opportunity
Increased demand for antifreeze and engine coolant products from original equipment manufacturers and aftermarket in the automotive industry is driving the antifreeze market forward. Furthermore, in the forecast period, battery thermal management using liquid cooling systems in electric and hybrid vehicles is expected to offer lucrative opportunities for the growth of the antifreeze market.
Based on Antifreeze Market Segmentations
Technology
Inorganic Acid Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Product type
Glycerine
Propylene Glycol
Ethylene Glycol
Vehicle type
Passenger Vehicle
Low Commercial Vehicle
Heavy Commercial Vehicle
Application
Automotive
Aerospace
Industrial heat transfer
Cooling Systems
Global Antifreeze Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2022-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs 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 sales channels are considered while providing forecast analysis of the country data.
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Recent Development
In August 2021, Valvoline Inc. and Haertol introduced new coolants technology designed specifically for modern engines, Valvoline Antifreeze Coolant HT-12 Green and Valvoline Antifreeze Coolant HT-12 Pink.
In July 2021, Castrol launched Castrol ON e-thermal fluid, an advanced new direct battery e-thermal fluid that will allow future generations of E.V.s to be charged more quickly while also providing increased performance, protection, and sustainability.
The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
Key Reasons to Purchase
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the market.
- Besides the standard structure reports, we also provide custom research according to specific requirements.
Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Antifreeze market circumstances on a regional and country-by-country basis.
- The Antifreeze market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Antifreeze market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Table of Contents
- Part 01: Executive Summary
- Part 02: Scope of the Antifreeze Market Report
- Part 03: Antifreeze Market Landscape
- Part 04: Antifreeze Market Sizing
- Part 05: Antifreeze Market Segmentation By Product
- Part 06: Five Forces Analysis
- Part 07: Customer Landscape
- Part 08: Geographic Landscape
- Part 09: Decision Framework
- Part 10: Drivers and Challenges
- Part 11: Market Trends
- Part 12: Vendor Landscape
- Part 13: Vendor Analysis
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