Antifreeze Introduction:
Antifreeze is an additive that controls the engine temperature of a vehicle by reducing the freezing point and increasing the boiling point of the cooling system. It can be developed from organic acids, inorganic salts, and azoles, or a combination of all three. Prevents rigid enclosures from exploding by freezing the expansion. In the past, methanol was the main component of the engine coolant as antifreeze and has been widely used in windshield fluids. Later, however, the use gradually decreased, since frequently the metals used in the engine and cooling systems, in particular, aluminum, had to be replaced and corroded. The methanol-based antifreeze is being replaced by an antifreeze with ethylene glycol as its main ingredient, which is less volatile and requires less replacement. The automotive industry is driving the automotive antifreeze market.
Antifreeze Market Size, Growth Rate Value:
Antifreeze Market value was estimated at USD 687.5 million in 2019 and is projected to reach USD 885.1 million by 2024, and the antifreeze market is expected to grow to a CAGR of 5.16% during the forecast period 2019-2024. The increase in vehicle sales and vehicle production should boost the demand for the antifreeze market. In addition, the growing number of vehicles and the number of kilometers per country and country are the main drivers of demand for antifreeze in the secondary market.
Antifreeze Industry Recent Developments:
ExxonMobil captured a major share in the global automotive Antifreeze market in 2018, as its products were majorly consumed by commercial vehicles, such as Mercedes-Benz trucks, Sinotruck, Foton Trucks, etc. Among cars, all Ford vehicles are factory filled with Mobil lubricants and coolants. It also caters to the coolant aftermarket demand across the globe.
Antifreeze Industry Drivers and Restraints:
It is expected that the increase in production volumes of passenger cars and commercial vehicles in recent years will boost the market of antifreeze for cars during the planned period. The global increase in demand for high-performance vehicles, especially sports vehicles, especially in North America and Europe, is expected to further fuel the automotive antifreeze market in the near future. Increasingly stringent regulations and regulations to improve fuel efficiency established by the governments of various nations of the world are increasing the demand for more efficient and pollution-free vehicle engines. This is expected to boost the forecast period for the automotive antifreeze market.
Choosing the right antifreeze is extremely important in determining the overall efficiency and performance of the vehicle. Vehicle manufacturers are currently designing engines to improve engine performance and efficiency. Therefore, the automotive antifreeze that is suitable for the engine of a vehicle is not necessarily suitable for the engine of another vehicle. Not being careful when choosing antifreeze for a vehicle can have a negative impact on the engine and the overall performance of the vehicle. This is expected to affect the forecast period for the automotive antifreeze market.
North America Region estimated to lead the global Antifreeze Market:
North America is expected to dominate the global antifreeze market for automobiles in the global forecast period due to extremely cold weather, the presence of higher horsepower vehicles and the growing demand for light commercial vehicles (VMCs) in the region.
Detailed Segmentation of the Market:
Market Analysis – By Product:
Market Analysis – By Vehicle:
Market Analysis – By Distribution:
Geographical Segmentation of the Market:
Leading Players Mentioned in this Market Report:
The ecosystem of the antifreeze market for automotive industry consists of antifreeze manufacturers such as
Highlights of the Research Report:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Antifreeze Market, By Product
6.1.1 Ethylene Glycol
6.1.2 Propylene Glycol
6.1.3 Glycerine
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Antifreeze Market, By Vehicle
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Antifreeze Market, By Distribution
6.3.1 OEM
6.3.2 Automotive Aftermarket
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product
7.2.3 By Vehicle
7.2.4 By Distribution
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product
7.3.3 By Vehicle
7.3.4 By Distribution
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Vehicle
7.4.4 By Distribution
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product
7.5.3 By Vehicle
7.5.4 By Distribution
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product
7.6.3 By Vehicle
7.6.4 By Distribution
8. Key Player Analysis
8.1 BP PLC
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Royal Dutch Shell PLC
8.3 Total
8.4 Chevron Corporation
8.5 Nissan
8.6 Ford Motor Company
8.7 Honda
8.8 Suzuki
8.9 Michell
8.10 Mobil
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
