Antifreeze/Coolant Market 2020-2025: BP Plc, Royal Dutch Shell Plc, Chevron Corporation, ExxonMobil Corporation, Total S.A, LUKOIL, Petronas, BASF, Valvoline Inc, Cummins Inc and Others.

According to Market Study Report, Antifreeze/Coolant Market provides a comprehensive analysis of the Antifreeze/Coolant Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry.This report also provides market landscape and market share information in the Antifreeze/Coolant Market.

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The Global Antifreeze/Coolant Market size was valued at USD 5.4 Billion in 2020 and is projected to reach USD 5.9 Billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8%. This report spread across 173 pages, profiling 11 companies and supported with 150 tables and 46 figures are now available in this research.

Top Key Players Profiled in the Antifreeze/Coolant Market:
• BP Plc (UK)
• Royal Dutch Shell Plc. (Netherlands)
• Chevron Corporation (US)
• ExxonMobil Corporation (US)
• Total S.A. (France)
• LUKOIL (Russia)
• Petronas (Malaysia)
• BASF (Germany)
• Valvoline Inc. (US)
• Cummins Inc. (US)

“Automotive segment to lead the antifreeze/coolants market.”
The automotive segment dominates the antifreeze/coolant market. The increase in the number of vehicles in operation at the global level is one of the factors driving the antifreeze/coolant market. This growth in the automotive sector can be attributed to growing population, improved socio-economic conditions, emerging economies, expanding e-commerce industry, improved infrastructure, increasing vehicle fleet, and other factors.

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“Ethylene glycol is projected to be the fastest-growing segment from 2020 to 2025.”
Growth of ethylene glycol as a base fluid in the antifreeze/coolant industry is primarily attributed to its cost-effectiveness and its ability to be used in all climatic conditions, making it the most preferred base fluid across the globe. It is used as antifreeze in automotive engine cooling and is also used in many industrial cooling applications.

“OAT technology is projected to be the fastest-growing segment in the antifreeze/coolant market from 2020 to 2025.”
The OAT technology is projected to witness significant growth by 2025. Organic acid technology (OAT) is based primarily on carbon-based molecules, typically organic acids, to protect cooling system components. This technology has a life of about 5 years or 250,000 km in automotive applications.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1: 54%, Tier 2: 23%, and Tier 3: 23%
• By Designation: C-level: 61%, D-level: 23%, and Others: 16%
• By Region: Asia Pacific: 33%, Europe: 27%, North America: 25%, Middle East & Africa: 10%, and South America: 5%

Competitive Landscape of Antifreeze/Coolant Market:
1 Overview
2 Competitive Scenario
2.1 Acquisition
2.2 Expansion
2.3 Partnership
2.4 New Product Launch
3 Market Ranking
4 Competitive Leadership Mapping
4.1 Star
4.2 Emerging Leaders
4.3 Pervasive
4.4 Emerging Companies
5 Strength Of Product Portfolio
6 Business Strategy Excellence

Reason to access this report:
The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall antifreeze/coolant market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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