The latest research study”Automotive Antifreeze Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global automotive antifreeze market size reached $4 billion by 2022. Looking ahead, IMARC Group expects the market to reach $5.5 billion by 2028, with a CAGR of 5.1% during 2023-2028.
Automotive antifreeze refers to specialized colored liquids that are used as an additive along with water to optimize the temperature of the internal combustion engine (ICE). They are available in numerous types such as ethylene glycol, glycerin, propylene glycol, etc. These automotive antifreeze variants are produced using Inorganic Additive Technology (IAT), Organic Acid Technology (OAT) and Hybrid Organic Acid Technology (HOAT). They are widely used to regulate engine temperature during extreme weather conditions and protect it from corrosion, explosion, severe damage and overheating. Consequently, automotive antifreeze fluids find widespread use in passenger, commercial and construction vehicles across countries.
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Automotive Antifreeze Market Trends and Drivers:
The expansion of the automotive industry worldwide and the increasing need to maintain optimal fuel economy, prevent sudden breakdown problems, reduce maintenance costs, extend the life of rubber and plastic components of ICE etc. mainly drive the automotive antifreeze market. In addition to this, the growing use of heavy-duty antifreezes in construction equipment, which includes excavators, harvesters, bulldozers, trenchers, and forklifts, is also positively influencing the global market. In addition, the launch of bio-friendly and environment-friendly products produced from corn, stove and other oil-rich sources is acting as another important growth inducing factor. Apart from this, the shift in preferences towards high quality and technologically advanced antifreeze additive supplements to improve the health and longevity of diesel engines by reducing corrosion and cavitation and the launch of favorable policies by agencies government initiatives aimed at promoting the use of Performance lubricants to minimize carbon footprints further stimulate market growth. In addition, growing research and development (R&D) activities to introduce cost-effective and non-toxic product categories with extended shelf life are expected to drive the automotive antifreeze market during the forecast period.
Automotive Antifreeze Market Analysis and Segmentation:
Competitive landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
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.
The report has segmented the market based on fluid type, technology, vehicle type, and distribution channel.
Breakdown by type of fluid:
- Ethylene glycol
- propylene glycol
- glycerin
Rupture by technology:
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
Breakdown by vehicle type:
- Passenger vehicle
- Commercial Vehicle
- Construction vehicle
Division by distribution channel:
- Original Equipment Manufacturers (OEM)
- Aftermarket
Division by region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key aspects of the report:
- Market performance
- Market perspectives
- Analysis of Porter’s five forces
- Market drivers and success factors• SWOT analysis
- value chain
- Comprehensive cartography of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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IMARC Group is a leading market research firm providing management strategy and market research worldwide. We partner with clients across industries and regions to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.
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