Press release
Automotive Antifreeze Market Size & Share - Industry Trend and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Automotive Antifreeze ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Automotive Antifreeze Market: Overview
Antifreeze agent, is an additive that is used in a vehicle to prevent damage to the engine, which is caused due to the freezing of the liquid coolant in the engine. Ability to prevent corrosion, excellent heat transfer, prevention of deposits on the engine, stability at high temperature, good compatibility with hard water, plastics and elastomers, low foaming tendency, and freeze protection are the characteristics desired of an antifreeze agent.
Automotive Antifreeze Market: Drivers and Restraints
Increasing production volume of both passenger as well as commercial vehicles in recent years is expected to drive the automotive antifreeze market during the forecast period. Rising demand for high performance vehicles, particularly sports vehicles, across the world, especially in North America and Europe, is anticipated to further fuel the automotive antifreeze market in the near future. Increasingly stringent norms and regulations regarding improved fuel efficiency, which are being laid down by governments of various nations across the world, is boosting the demand for contaminant-free and more efficient vehicle engines. This is expected to boost the automotive antifreeze market during the forecast period.
Selection of the proper antifreeze agent is highly important in determining the overall efficiency and performance of the vehicle. Presently, vehicle manufacturers are designing vehicle engines in such a way that engine performance and efficiency of the vehicle is enhanced. Thus, the automotive antifreeze agent, which is well suited for the engine of one vehicle, may not necessarily suit the engine of another vehicle. If proper care is not taken while selecting the antifreeze agent for a vehicle, it can have adverse effects on the engine and overall performance of the vehicle. This is anticipated to hamper the automotive antifreeze market to some extent during the forecast period.
Automotive Antifreeze Market: Segmentation
The global Automotive Antifreeze Market can be segmented based on product, technology, vehicle, sales channel, and region. In terms of product, the automotive antifreeze market can be segregated into ethylene glycol, propylene glycol, and glycerol. Alcohols primarily possess the tendency to corrode the metals with which they come in contact inside the cooling system. This property of alcohols provides promising applications for ethylene and propylene glycol as antifreeze in vehicles. The ethylene glycol segment is currently holding a major share of the automotive antifreeze market. However, the ethylene glycol segment is anticipated to lose market share during the forecast period owing to the environmental concerns created by the usage of ethylene glycol as an automotive antifreeze agent and the increasingly stringent government regulations regarding the need to reduce fuel emissions. However, the propylene glycol segment is expected to expand at a rapid pace during the forecast period owing to its lower toxicity than ethylene glycol and glycerol.
Based on technology, the automotive antifreeze market can be divided into green antifreeze, OAT antifreeze, and HOAT antifreeze. Green antifreeze comprises silicates and phosphates and are utilized to protect aluminum and bare iron surfaces. Green antifreeze is primarily used in North America. OAT (organic acid technology) antifreeze contains 2-EHA, sebacate and various organic acids. OAT antifreeze does not contain silicates or phosphates. HOAT (hybrid OAT) consists of organic acids and silicates in order to protect aluminum surfaces. HOAT does not contain 2-EHA. HOAT antifreeze is primarily preferred by vehicle manufacturers from North America and Europe. Based on technology, the HOAT technology segment is expected to expand at a significant growth rate owing to its advantages such as better ability to protect metal surfaces and presence of organic compounds in its composition, over other types of antifreeze.
Based on vehicle type, the automotive antifreeze market can be segmented into passenger vehicles and commercial vehicles. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. Increasing production of passenger vehicles in recent years and the rising demand for luxury and premium segment passenger vehicles are expected to boost the passenger vehicles segment in the automotive antifreeze market during the forecast period.
Based on sales channel, the automotive antifreeze market can be classified into OEM (original equipment manufacturer) and aftermarket. The aftermarket segment is anticipated to expand at a significant growth rate during the forecast period owing to the requirement of servicing the vehicles periodically, which requires the usage of antifreeze agent.
Based on geographical region, the automotive antifreeze market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the global automotive antifreeze market during the forecast period owing to the extremely cold climatic conditions, the presence of vehicles with higher engine capacity and the rising demand for light commercial vehicles (LCVs) in the region.
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Automotive Antifreeze Market: Key Players
Key players operating in the global automotive antifreeze market include Royal Dutch Shell PLC, BP PLC, TOTAL, Chevron Corporation, Exxon Mobil Corporation, Valvoline LLC, and Castrol Limited.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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