Dublin, 05 Dec. 2022 (GLOBE NEWSWIRE) — The report “Automotive Antifreeze Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global automotive antifreeze market size reached US$3.75 billion in 2021. Looking forward, the editor expects the market to reach US$5.2 billion by 2027 , posting a CAGR of 5.6% in 2021-2027.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.
Automotive antifreeze is a colored liquid that is used as an additive with water to maintain internal combustion engine (ICE) temperature. Ethylene glycol, propylene glycol, and glycerin are commonly used automotive antifreeze fluids. They are produced using Organic Acid Technology (OAT), Inorganic Additive Technology (IAT), and Hybrid Organic Acid Technology (HOAT).
Automotive antifreeze is widely used to regulate the engine during extreme weather conditions and protect it from corrosion. It works by lowering the freezing point of water and raising its boiling point, which in turn protects the engine from severe damage, explosions and overheating.
Automotive Antifreeze Market Trends:
The market is mainly driven by the significant growth of the automotive industry. Automotive antifreeze is widely used in passenger and utility vehicles to maintain optimum fuel economy, reduce maintenance costs, prevent breakdowns, rust and electrolysis, and extend the life of rubber components and in plastic.
Also, the widespread use of heavy-duty antifreeze in construction equipment, such as bulldozers, excavators, harvesters, trenchers, and forklifts, is driving the market growth significantly. Additionally, the introduction of eco-friendly and bio-based antifreezes, such as glycerin which can be produced from corn, stalks, and other petroleum-rich sources, is giving impetus to the growth of the market.
Additionally, the growing demand for high quality and technologically advanced antifreeze additive supplements to improve the health and longevity of diesel engines by inhibiting corrosion and cavitation is creating a positive outlook for the market.
Other factors, including the implementation of various government initiatives promoting the use of high-performance lubricants to reduce carbon footprint and extensive research and development (R&D) activities to design cost-effective and unprofitable product variants. toxins with extended shelf life, are expected to drive the market towards growth.
| Report attribute | Details |
| Number of pages | 145 |
| Forecast period | 2021 – 2027 |
| Estimated market value (USD) in 2021 | $3.75 billion |
| Expected market value (USD) by 2027 | $5.2 billion |
| Compound annual growth rate | 5.6% |
| Regions covered | Global |
Competitive Landscape:
The competitive landscape of the industry has also been reviewed along with the profiles of major players namely AMSOIL Inc., BP plc, Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul SA, Prestone Products Corporation. , Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH.
Answers to key questions in this report:
- How has the global automotive antifreeze market behaved so far and how will it behave in the coming years?
- What has been the impact of COVID-19 on the global automotive antifreeze market?
- What are the main regional markets?
- What is the breakdown of the market according to the type of fluid?
- What is the shattering of the technology-based market?
- What is the market breakdown by type of vehicle?
- What is the market breakdown by distribution channel?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global automotive antifreeze market and who are the key players?
- How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive Summary
4 Presentation
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Antifreeze Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Fluid Type
6.1 Ethylene glycol
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Propylene glycol
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Glycerin
6.3.1 Market trends
6.3.2 Market Forecast
7 Market Breakdown by Technology
7.1 Inorganic Additive Technology (IAT)
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Organic Acid Technology (OAT)
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Hybrid Organic Acid Technology (HOAT)
7.3.1 Market trends
7.3.2 Market Forecast
8 Market Breakdown by Vehicle Type
8.1 Passenger vehicle
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Commercial vehicle
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Construction vehicle
8.3.1 Market trends
8.3.2 Market Forecast
9 Market Breakdown by Distribution Channel
9.1 Original Equipment Manufacturers (OEMs)
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Secondary market
9.2.1 Market trends
9.2.2 Market Forecast
10 Market Breakdown by Region
11 SWOT Analysis
12 Value chain analysis
13 Analysis of the five forces of carriers
14 Price Analysis
15 Competitive landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AMSOIL Inc.
15.3.1.1 Company overview
15.3.1.2 Product portfolio
15.3.2 BP plc
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.2.4 SWOT Analysis
15.3.3 Chevron Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Finance
15.3.3.4 SWOT Analysis
15.3.4 Cummins Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Finance
15.3.4.4 SWOT Analysis
15.3.5 ExxonMobil Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Finance
15.3.5.4 SWOT Analysis
15.3.6 Fuchs Petrolub SE
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Finance
15.3.6.4 SWOT Analysis
15.3.7 Halfords PLC Group
15.3.7.1 Company Overview
15.3.7.2 Product portfolio
15.3.7.3 Finance
15.3.7.4 SWOT Analysis
15.3.8 SA Currency
15.3.8.1 Company Overview
15.3.8.2 Product portfolio
15.3.9 Prestone Products Company
15.3.9.1 Company Overview
15.3.9.2 Product portfolio
15.3.10 Recochem Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Shell plc
15.3.11.1 Company Overview
15.3.11.2 Product portfolio
15.3.11.3 Finance
15.3.12 TotalEnergies SE
15.3.12.1 Company Overview
15.3.12.2 Product portfolio
15.3.12.3 Finance
15.3.12.4 SWOT Analysis
15.3.13 Valvoline Inc.
15.3.13.1 Company Overview
15.3.13.2 Product portfolio
15.3.13.3 Finance
15.3.13.4 SWOT Analysis
15.3.14 VOLTRONIC GmbH
15.3.14.1 Company Overview
15.3.14.2 Product portfolio
For more information about this report visit https://www.researchandmarkets.com/r/4273ib
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Global automotive antifreeze market
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