Press release
Cool Efficiency : Navigating the Automotive Antifreeze Market Trends
Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America and LAMEA. China dominated the global automotive antifreeze market share in 2019, whereas Japan is expected to grow at a significant rate during the forecast period, due to increase in demand for vehicles with antifreeze liquids.
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Antifreeze is a form of liquid that lowers the freezing point of the water based liquid in a vehicle. Automotive antifreeze are used to achieve the freezing point depression for cold environments by increasing the boiling point of liquids thereby allowing higher coolant temperature. Since water has properties of coolant, therefore water mixed with antifreeze are used in internal combustion (IC) engines. This is done to prevent the vehicle engine from bursting due to extreme temperature drop.
Antifreeze for a vehicle are selected carefully to enable a wide temperature range in which the mixture remains in the liquid phase, which is critical to efficient heat transfer and the proper functioning of heat exchangers. By selecting a proper antifreeze for a vehicle, proper functioning of internal combustion engines is ensured when the temperature changes from hot to cold, thereby preventing the engine to block.
Based on the fluid type, the automotive antifreeze market is categorized into ethylene glycol, propylene glycol and glycerin. Among the above liquids, ethylene glycol is widely used liquid used in a vehicle and hence holds a major market share as compared to other liquids. By technology, the market is segmented into Inorganic Acid Technology (IAT), Organic Acid Technology (OAT) and Hybrid Organic Acid Technology (HOAT), among which Organic Acid Technology (OAT) holds a majority of the market share and is expected to lead the market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-antifreeze-market/purchase-options
By application, the market is categorized into passenger vehicle, commercial vehicle and construction vehicle. The commercial vehicle segment accounted for the highest revenue in 2019, owing to their increased application in heavy duty applications. Based on the distribution channel, the market is segmented into OEMs and aftermarket where the aftermarket distribution channel leads the market due to continuous replacement of antifreeze in vehicles on a regular time interval.
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By fluid type, the ethylene glycol segment accounts for a significant growth during the forecast period.
Depending on technology, the organic acid technology (OAT) segment is anticipated to exhibit significant growth in the near future.
On the basis of application, the commercial vehicle segment is projected to lead the global automotive antifreeze market owing to higher CAGR as compared to other applications.
Based on distribution channel, the aftermarket channel segment leads the market owing to a higher growth rate.
Europe is anticipated to register the highest CAGR.
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The key players analyzed in this automotive antifreeze market report are Castrol, Chevron Corporation, Exxon Mobil Corporation, Halfords Group PLC., Motul, Prestone Products Corporation, Rock Oil Company LLC., Royal Dutch Shell PLC, TOTAL SA and Valvoline Inc.
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