The global antifreeze
market is expected to reach USD 8.76 billion by 2025, according to
a new report by Grand View Research, Inc. Growing automotive sector in emerging
economies including China, India, Indonesia, South Korea and Mexico is expected
to drive market demand.
Rising concerns in protecting automotive engines and
radiators against overheating, freezing and corrosion is expected to drive the demand
for antifreeze. Increasing demand for passenger cars & light weight
commercial vehicles in China & India coupled with favorable government
policies on automotive development and manufacturing is expected to create
immense market potential.
Organic acid technology (OAT) accounted for over 51%
of the global volume share in 2016. High demand for coolants based on minimally
depleting carboxylate technology as substitutes for conventional antifreeze
based on silicates, nitrates, phosphates and amines is expected to translate
into rapid industry growth over the forecast period.
Aerospace accounted for the second largest application
sector. Growing commercial aerospace subsector coupled with increasing defense
budgets by countries including UK, Middle Eastern Countries, Japan, France,
India and China will promote industry growth.
Browse full research report on Antifreeze Market: https://www.grandviewresearch.com/industry-analysis/antifreeze-market
Further
key findings from the report suggest:
- Ethylene Glycol based antifreeze were the dominant product segment
and accounted for 54.7% of the total market share in 2016 owing to
increasing usage in deicing, prevention of radiator overheating and
protection against radiator freezing.
- Asia Pacific accounted for the largest share in 2016 and is
anticipated to show substantial growth considering increasing demand for
passenger cars and light commercial vehicles mainly in China and India.
- The European aerospace market is expected to witness the maximum
growth owing to the immense investments made in aerospace R&D and
presence of abundant players in countries including Germany, France, UK,
Sweden and Poland.
- In March 2015, Rechochem launched HD diesel coolants for high heat
engines. The company plans on expanding its existent diesel coolant
product line by introducing new products using the RECO Blue technology so
as to meet the demand and product specifications.
- The industrial heat transfer and cooling system on HVAC equipment
market is expected to grow significantly over the forecast period owing to
the increasing demand in end use industries including residential,
industrial, commercial and automotive. This will drive the demand for
antifreeze in HVAC equipment.
- Stringent regulatory framework regarding antifreeze disposal &
recycling has compelled manufacturers to adopt environment-friendly,
sustainable materials & products in the automotive industry.
- The presence of major players in the market including Royal Dutch
Shell, ExxonMobil Corporation, Chevron Philips Corporation, Sinopec, Total
S.A., Kost USA, Motul, Ashland Corporation, British Petroleum PLC.,
Lukoil, Petronas, BASF, Duetsche Pentosin and SONAX is expected to augment
industry size.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/advanced-materials
Grand
View Research has segmented the global antifreeze market on the basis of
product, technology, application, and region:
Product
Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 - 2025)
- Ethylene
Glycol Based
- Propylene
Glycol Based
- Glycerin
Based
Technological
Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 - 2025)
- OAT (Organic
Acid Technology)
- IAT
(Inorganic Acid Technology)
- HOAT (Hybrid
Organic Acid Technology)
Application
Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 - 2025)
- Automotive
- Aerospace
- Industrial
heat transfer and cooling systems
Regional
Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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