Liquid Antifreeze Market Share, Demand Analysis, Growth, Trends and Forecast - 2028

The global liquid antifreeze market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period (2022-2028).

Liquid antifreeze also called antifreeze coolant, is a liquid chemical used in heavy machines for reducing the freezing point of liquids in the systems. They are most often used in places with very low temperatures. They are used in various fields including automobile, industrial, construction, and many others applications. The major factor attributing to the growth of the global liquid antifreeze market is the increasing sales of cars and other road vehicles. According to the International Organization of Motor Vehicle Manufacturer, 97 million road vehicles including passenger and commercial cars are manufactured every year and the numbers are still increasing. These statics show that people purchasing power is increasing. Thus, increasing the demand for liquid antifreeze to keep their cars safe during colder temperatures.

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In addition, the application of liquid antifreezers in the aerospace industry is increasing due to the growing aviation industry. Liquid antifreeze products are used in the aerospace industry due to the colder temperature of high altitudes. The increasing operation of commercial aircraft across the globe will increase the demand for liquid antifreeze to maintain the temperature in aircraft in the higher altitudes. According to European Aerospace Co., Airbus developments and urbanization will be the reason for the emerging global middle class of air passengers to fly across the globe resulting in the rise of around 50% by 2038 representing around 6 billion people. Airbus also forecast date the number of commercial aircraft operations will be double in the next 20 years up to around 48,000 planes globally.

Furthermore, the application of liquid antifreeze in construction, electronics, and other industrial operation is increasing due to urbanization across the globe. Developing infrastructure in the regions with very low temperatures using big and heavy machinery such as cranes, bulldozers, excavators, and many others that require continuous working is increasing the demand for liquid antifreeze for their engines to stay safe from freezing. Electronic appliances such as air conditioning that uses coolant to work properly are also increasing the demand for liquid antifreeze in their systems for maintaining them for a longer duration during winters with very low temperatures.

The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, GIGABYTE Technology launched two new liquid-cooled HPC and AI training servers known as 'G262-ZL0' and 'G492-ZL2'. These can push the efficiency of graphic cards and processors to the next level by providing solutions for heating. Liquid antifreeze can also be used in these servers to maintain the efficiency even in low temperatures.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Base Fluid
o By Technology
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Shell plc, Exxon Mobil, Motul S.A., Petroliam Nasional Berhad (PETRONAS), and Chevron Phillips Chemical Co. LLC, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Liquid Antifreeze Market Report by Segment

By Base Fluid
• Glycerine
• Propylene Glycol
• Ethylene Glycol
• Methanol

By Technology
• Inorganic Acid Technology (IAT)
• Organic Acid Technology (OAT)
• Hybrid Organic Acid Technology (HOAT)

By Application
• Automobile
• Aerospace
• Industrial
• Construction
• Electronics

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This release was published on openPR.