Press release
Manufacturers To Benefit From Lucrative Profitable Avenues In Global Automotive Antifreeze Market : Fact.MR
A prominent rise in the rates of vehicle production, sales of cars, demand for automobile maintenance, and expansion of automotive aftermarket are factors responsible to transform the growth trajectory of the automotive antifreeze market in the coming years. As per Fact.MR's study on the automotive antifreeze market, a steady CAGR surpassing 5% is projected during the forecast period of 2017 - 2022.The study observes that macroeconomic factors such as ameliorating economic scenario, increasing disposable income, and expanding middle class have a significant influence on consumer behavior in terms of purchasing an automobile, frequency of repair and maintenance, and awareness about engine efficiency. In light of this, the research study projects a stable end-user sentiment that prominently impacts the developments in the automotive antifreeze market.
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Global Automotive Antifreeze Market by Category
By Product Type, Global Automotive Antifreeze Market is segmented as:
Ethylene Glycol
Propylene Glycol
Glycerine
By Technology, Global Automotive Antifreeze Market is segmented as:
Organic Acid Technology
Inorganic Acid Technology
Hybrid Acid Technology
By Vehicle Type, Global Automotive Antifreeze Market is segmented as:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Construction Vehicles
By Sales Channel, Global Automotive Antifreeze Market is segmented as:
OEM
Aftermarket
By Region, Global Automotive Antifreeze Market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Key Companies Profiled
Valvoline International Inc.
BP Plc
Chevron Corporation
Exxon Mobil Corporation
Fuchs Petrolub SE
KOST USA Inc.
Prestone Products Corporation
Recochem Inc.
Rock Oil Company
Total S.A
Other Market Players
Competitive Landscape: Top Companies in Automotive Antifreeze Market
The global automotive antifreeze market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced automotive antifreeze.
Fact.MR has provided detailed information about price points of key manufacturers in automotive antifreeze market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
Castrol in 2021 launched an advanced new 'direct' battery e-thermal fluid, Castrol ON, enabling future generations of electric vehicles to charge faster and provide enhanced performance, sustainability and protection
Valvoline International Inc. in 2021 launched new coolants technology for modern engines and it also acquired 16 service centers in Texas as a part of expansion plan of Quick-Lube Network
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