Press release
Antifreeze Market Overview, Research Methodology and Opportunities to 2017-2024
Global Market Insights
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Volatility in raw material prices is will be a major restraining factor for antifreeze market size by 2024. Propylene glycol and ethylene glycol, are petroleum derivates and are the key raw materials used for manufacturing antifreeze. Henceforth, wavering petroleum prices may hinder the global coolants market size by 2024. Furthermore, toxic nature of product is probable to obstruct the overall antifreeze market size by 2024. Nevertheless, rising product use to improve engine performance in vehicle will generate plentiful opportunities for coolants market size by 2024.
Propylene glycol-based antifreeze market size is projected to witness gains of over 6.5% during the forecast time period. This is owing to its less-toxic nature compared to ethylene glycol-based antifreeze and henceforth makes it preferable across several end-user industries including automotive, industrial and aerospace. Stringent laws imposed by regional regulatory bodies against use of toxic material across the aforementioned industries to help save human life and environment has triggered use of non-toxic material. These trends will drive demand for propylene-based coolant which will subsequently propel antifreeze market size in the coming years.
Coolant market size for Hybrid Organic Acid Technology (HOAT) is likely to rise close to CAGR of 6% in the coming years. It is a hybrid of Inorganic Acid Technology (IAT) and OAT and use carboxylate salts which are mainly organic acid salts. Additionally, it contains sodium silicate which is an excellent aluminum protection additive
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North America antifreeze market size was close to USD 750 million in 2016. This was mainly due to strong automotive and aerospace industry mainly in the U.S. For instance, total vehicle sales in the U.S. were 15.53 million units which reached 17.85 million units by the end of 2017.
Additionally, Maintenance, Repair and Overhaul providers (MRO’s) for aircraft industry in the region spent USD 20 billion. This move was intended to maintain the overall performance and safety standards. Coolants play a significant role in maintaining engine’s performance by reducing the excess heat generated which otherwise, may cause severe damage to engine components. The above-mentioned trends will help make significant contribution to the antifreeze market size by 2024.
In 2016, the overall antifreeze market was consolidated with major players constituting close to 50% of the market share. Major antifreeze market players are Chevron, Kost USA, Shell, Total, Exxon Mobil, Ashland Inc, PETRONAS, Castrol BASF, Sinopec, Dow and DuPont. Prominent players are investing significantly into their R&D facilities to broaden its customer base. For instance, Kost U.S.A., began manufacturing the all-new STP, which is automotive and heavy-duty lines of antifreeze at their manufacturing plant in Cincinnati, Ohio. It was intended in order to improve its existing product portfolio, to upscale its customer base globally.
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Chapter 2. Executive Summary
2.1. Antifreeze industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by application trends
2.1.3. Technology trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Antifreeze Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distributor channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers
3.3.4.2. List of key/potential customers
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Strong growth in Asia Pacific automotive industry
3.4.1.2. Product applications in Aerospace
3.4.2. Industry pitfalls & challenges
3.4.2.1. High toxicity of the ethylene glycol
3.4.2.2. Unstable raw material price trends
3.5. Regulatory trends
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Cost structure analysis
3.6.1.1. R & D cost
3.6.1.2. Manufacturing & equipment cost
3.6.1.3. Raw material cost
3.6.1.4. Distribution cost
3.6.1.5. Operating cost
3.6.1.6. Miscellaneous cost
3.6.2. Pricing by product
3.6.3. Pricing by region
3.7. Innovation & sustainability
3.7.1. Patent analysis
3.8. Product comparison
3.8.1. Ethylene glycol vs propylene glycol
3.9. Growth potential analysis
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Competitive landscape, 2016
3.11.1. Strategy dashboard
3.12. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
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