Registering a CAGR of 7.9% over the forecast period of 2022-2027, the global Liquid Antifreeze market is anticipated to reach the market value of $6.01 billion in the year 2027 from $4.92 billion in the year 2021.
Liquid Antifreeze Market Overview
Antifreeze is an additive that supports to manage the temperature of a vehicle’s engine by dropping freezing point and growing the boiling point of the cooling system. It can be recognized from either organic acid, inorganic salts, and azoles or a combination of all three. It avoids rigid inclusions from bursting due to expansion from freezing. Earlier, methanol was the major ingredient for engine coolant as antifreeze and was broadly used in windshield fluids, but later its use progressively declined due to necessity of regular replacement and corrosion of the metals, particularly aluminum, used in the engine and cooling systems. Methanol-based antifreeze is substituted by an antifreeze with ethylene glycol as the main component, which holds less volatility and involves less replacements.The growing demand for antifreeze material in the automotive industry has propelled the market progress. Antifreeze maintains the optimum temperature inside the vehicle’s engine by reducing excess heat and avoiding severe damage to its internal component. It also suggestions excellent properties such as thermal capacity, low viscosity, chemical inertness, non-toxic, and anti-corrosion. The development in the engine and technology innovation has fueled the demand for antifreeze from the the automotive industry.However, the increasing environmental concerns has led to the increase in demand for electric vehicles. The electric vehicles operate on batteries and other control units, which further removes the application of an internal combustion engine. This results into low acceptance of antifreeze & coolants and is anticipated to restrict the market progress.
Industry News and Updates
September 20, 2019: BASF enters engine coolant market in North America with premium Glysantin brand--
BASF will introduce its Glysantin® branded engine coolant products to the North American automotive industry in January 2020. Since 1929, Glysantin premium engine coolants and antifreeze products have been serving the industry worldwide.
August 16, 2021: VALVOLINE announces launch of latest patented technology ht-12 green and pink antifreeze coolants--
Valvoline Inc. (NYSE: VVV), a leading provider of automotive services and premium branded lubricants and Haertol today launched new coolants technology specifically designed for modern engines: Valvoline Antifreeze Coolant HT-12™ Green and Valvoline Antifreeze Coolant HT-12 Pink.
What are the major Applications, Types and Regions for Liquid Antifreeze Market?
By Type, it is segmented into
- Alcohols
- Alcohol Ether
- Chlorinated Hydrocarbons
By Applications it is segmented into
- Building
- Road
- Bridge
- Other
Liquid Antifreeze Market Regional Analysis
Asia-Pacific supposed a leading share of the global automotive coolant market due to the higher capacity of vehicles produced in noticeable countries, including India, China, and Japan, and lower manufacturing and labor cost across the region. India is to witness projecting growth due to the increasing demand for vehicles during the forecast period. Furthermore, the obtainability of inexpensive labor and raw material in the region, joined with the increasing number of local manufacturers, is likely to drive the market in Asia Pacific during the forecast period.
India is currently the sixth-biggest passenger vehicle manufacturer and the second-leading commercial vehicle developer, universally. Fast industrialization gives way to developments in the infrastructure, which is likely to advantage the regional market's progress. The swelling number of small and medium enterprises has raised the demand for light passenger vehicles and heavy-duty trucks.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Liquid Antifreeze Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Liquid Antifreeze Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Liquid Antifreeze Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.9% over the forecast period (2022-2027)
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By Type
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- Alcohols
- Alcohol Ether
- Chlorinated Hydrocarbons
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By Application
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- Building
- Road
- Bridge
- Other
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By Companies
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BASF, Recochem, Valvoline, Old World Industries, KMCO, Clariant, Getz Nordic, Chevron, Kost USA, SONAX, Amsoil, Castrol, Exxon Mobil, Shell
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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93
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Liquid Antifreeze Report
- Evaluate Liquid Antifreeze market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Liquid Antifreeze market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Liquid Antifreeze Market?
The Liquid Antifreeze Market is growing at a CAGR of 7.9% over the next 5 years.
Who are the key players in Liquid Antifreeze Market?
BASF, Recochem, Valvoline, Old World Industries, KMCO, Clariant, Getz Nordic, Chevron, Kost USA, SONAX, Amsoil, Castrol, Exxon Mobil, Shell
What are the significant types of Liquid Antifreeze Market?
Alcohols, Alcohol Ether, Chlorinated Hydrocarbons
What are the major end-use applications of Liquid Antifreeze Market?
Building, Road, Bridge, Other
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
