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.
U.S. antifreeze market, by application, 2014 - 2025 (Million Gallons) |
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: 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-antifreeze-market
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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