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More than US$ 100 Million Opportunity Emerging in Automotive Antifreeze Market by the end of 2022, Says FactMR | Key Players - Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, etc.
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The inception of high-performance lubrication can be tracked to the changing environmental regulations with regard to reducing carbon footprints of vehicles that demanded high-performance lubricants to enhance the fuel efficiency of the vehicle. Automotive antifreeze is added in the high-performance lubricants to protect the lubricants from freezing. Moreover, vehicle owners actively seek engine maintenance to increase the durability of engine operations and, in turn, that of the overall vehicle. This has further propelled the demand for high-quality automotive antifreeze products. To meet the growing demand for efficient automotive antifreeze in high-performance vehicles, key stakeholders in the Automotive Antifreeze Market have been observed to adopt expansion and new product launch strategies to maintain the market sustainability.
Antifreeze poisoning is one of the well-known adverse health effects of automotive antifreeze. Apart from its toxic influence on small animals, prolonged exposure of automotive antifreeze has been suggested to cause poisoning in humans. On the other hand, automotive antifreeze causes potential harm to the environment in terms of polluting different water resources. In light of this, governments in various countries have taken disciplinary actions to offset the harmful effects of the automotive antifreeze on the environment. In a bid to meet the standards put forth by various government bodies have pushed manufacturers to incorporate bio-based antifreeze in different lubricant formulations. Owing to the environment-friendly and biodegradable nature of bio-based automotive antifreeze, consumer demand for these sustainable antifreeze solutions is likely to rise in the coming years.
Owing to its higher compatibility, low-cost and non-toxicity, propylene glycol is highly sought after by automotive antifreeze manufacturers. In the traditionally used green, yellow and blue antifreeze, propylene glycol is the major component used in the cooling system based on inorganic acid technology. Adoption of inorganic acid technology remains at the helm of the demand, in turn, driving the demand for propylene glycol-based antifreeze. While ethylene glycol is also another chemical highly sought after by automakers, associated stringent regulatory framework, the high cost of handling and storage, corrosive properties and toxicity of ethylene glycol has significantly shifted manufacturers’ preference towards propylene glycol-based antifreeze products. In addition, developments in the processing technologies and favorable regulatory framework in terms of substitution of toxic compounds are further propelling the demand for propylene glycol-based automotive antifreeze.
Browse Report on Automotive Antifreeze Market with TOC - https://www.factmr.com/report/19/automotive-antifreeze-market
A report published by FactMR on “Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” delivers the most viable market performance during the forecast period 2017 – 2022. Considering the various facets of the market, the comprehensive insights covered in the report provide the readers with an all-inclusive market scenario. The automotive antifreeze market report includes information with respect to product type including ethylene glycol, propylene glycol and glycerin. In addition, the market is also evaluated by considering different vehicle types including PC, LCV and HCV as well as by sales channel including aftermarket and OEM. A thorough analysis of the historical data, current market scenario and future market projections in the automotive antifreeze market are also included in the report.
An automotive antifreeze is a chemical compound added as a liquid additive in the coolant to maintain temperature variations by altering the freezing and boiling points of the coolant, thereby maintaining the optimum operations of the engine. As opposed to traditional antifreeze, modern commercial automotive antifreeze formulations deliver additional properties such as corrosion prevention, efficient heat transfer and prevention of scale formation.
Competitive Landscape
The automotive antifreeze market report delivers a comprehensive assessment of the key manufacturers on the automotive antifreeze products. Leading players identified in the automotive antifreeze market report are BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, KOST USA, Inc., Prestone Products Corporation, Recochem Inc., Rock Oil Company, LLC, Total S.A., and Valvoline International, Inc. among others.
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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