Antifreeze Market is Thriving Worldwide with Leading Players Like Chevron, Kost USA, Shell, Total, Exxon Mobil, Ashland Inc, PETRONAS, Castrol BASF, Sinopec, Dow

The Antifreeze market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report LLC.

Antifreeze market for industrial heating/cooling is projected to rise at a CAGR close to 5% during the forecast timespan. Growing population along with rising economy in the Asia Pacific has led to industrialization which will drive product demand and in turn will boost coolants market by 2024. Product possess excellent properties which is designed to protect copper, brass, solder, cast iron, steel and various other metals commonly found in industrial cooling/heating system. The aforementioned trends will help attain promising gains to coolants market by 2024.

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Strong commercial air traffic flow in Asia Pacific and the Middle East will positively influence the overall antifreeze market by 2024. For instance, revenue passenger kilometers (RPK) in Asia Pacific and the Middle East was 6.3% and 6.2% respectively in 2016. This trend is majorly due to improving socio-economic factors of people in Asia Pacific countries including India, Japan, Indonesia and Malaysia. In addition, as per Boeing estimates, the global airplane fleet will double its as of now by 2033. Therefore, increasing airplane fleet in the near future will subsequently boost the global antifreeze market by 2024. Antifreeze Market is likely to surpass USD 7.5 billion by 2024; according to a new research report.

Volatility in raw material prices is will be a major restraining factor for antifreeze market 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 by 2024. Furthermore, toxic nature of product is probable to obstruct the overall antifreeze market by 2024. Nevertheless, rising product use to improve engine performance in vehicle will generate plentiful opportunities for coolants market by 2024.

Coolant market 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. However, silicates are abrasive to antifreeze pump seals and silicate containing coolants are not preferred by manufacturer. Henceforth, this technology includes silicates in a lesser concentration compared to conventional green IAT coolant and henceforth will help drive antifreeze market by 2024.

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North America antifreeze market 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 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.

Selected Chapters and their sections from the report are listed below:

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1.4.1. Definitions
1.1.4.2. Forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
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

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