Antifreeze Market future growth opportunities by 2020-2024

Global Market Insights, Inc. has recently added a report on Antifreeze Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

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Endorsed by the rapidly growing automotive sector and the strong commercial air traffic flow across major geographies, antifreeze market has indeed accomplished appreciable gains in the recent years. Colloquially known as coolant, antifreeze is popularly used in automotive and aerospace engines for maintaining the overall engine temperature of the vehicle and its cooling system depending upon the atmospheric temperature.

Using antifreeze efficiently helps to majorly enhance the engine performance, on the grounds of which many automakers have been giving extensive preference for the product to prevent freezing in the cooling engine of the automobile at a sub-zero temperature. Anti-freeze not only prevents corrosion and scale formation in the engine but also helps to improve its capability to transfer heat. Consequently, major antifreeze industry giants have been continuously enhancing their product efficiency and applicability. In fact, increasing popularity of engine cooling agents among several automakers has been primarily forecast to boost antifreeze market share over the years ahead.

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Considering the customer’s requirement for internal coolants with a long shelf life, many players in antifreeze market are constantly looking forward to introducing the best products that boast of very high performance. In addition, with the rapid change in engine technology, most companies have been developing new products keeping in mind the future demand of engine maintenance.

The initiatives taken by Shell lubricants to expand its portfolio is one of the recent examples of a customer-centric product advancement carried out by giants in antifreeze market. The new launch – Shell Rotella Extended Life Coolant – Nitrite Free (ELC NF) joins Shell’s coolant portfolio that has been designed to meet the requirements of commercial vehicles deploying nitrite free engine antifreeze formulations to protect aluminum components in automobiles. Indeed, in 2016, the automotive sector accounted for 60% of antifreeze industry share.

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