Antifreeze Market 2020 with COVID-19 After Effects – Growth Drivers, Top Key Players, Industry Segments and Forecast to 2025.

The Global Antifreeze Market has been increasing at a good rate in the last few years and is expected to grow further in the coming few years. The increase in the production of vehicles particularly the Light truck and SUV segment and the growth recently in the trends of busses and truck segments in many developing countries is the major reason why this market has been showing a good amount of growth. The growth of the vehicles which are in operation and the increase in the number of miles which are travelled in one year are estimated to be driving the demand for the global antifreeze market.

Scope of The Report:

Antifreeze Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Antifreeze Market place for the forecast 2019– 2025.

As per global statistics, the production of the passenger cars all over the world has been growing in the last few years. The improving standards of living in a lot of countries has been driving the growth of the market. The increase of purchasing capital has been increasing the need for the antifreeze and engine coolant.

The segmentation of the global antifreeze market has been done on the basis of Product, Technology and application. In terms of product, the market share has been led by the ethylene glycol based antifreeze as it accounted for over 55% of the share in the world in the year 2016. This is particularly due to the excellent properties which include the water miscibility which is the ability for being mixed in any ration for forming a coolant. The market share in terms of Technology has been led by OAT or the Organic Acid Technology and is expected to show further growth. In terms of application, the global antifreeze market has been led by the automotive market which has lead this market because of excessive use in the automotive sector.

Key Players in the Antifreeze Market Report

The global antifreeze market has been consolidated with the presence of some large scale producers and manufacturers. The prominent contributors to the industry are companies like

Royal Dutch Shell,

Kost USA,

Chevron Philips Chemical,

Exxon Mobil Corporation,

PETRONAS, Castrol,

Dow Chemicals

Sinopec Corporation

others.

Antifreeze Market Key Market Segments:

By Product:

Ethylene Glycol

Propylene Glycol

Glycerin

By Technology:

IAT

HOAT

OAT

By Vehicle Type:

Passenger Car

Commercial Vehicle

By Application:

Articulated Dump Truck

Backhoe Loader

Crawler Dozer

Asphalt Paver

Motor Grader

Motor Scraper

Crawler Loader

Mini Excavator

Skid-Steer Loader

Wheeled Excavator

Wheeled Loader < 80HP

Wheeled Loader > 80HP

By Vehicle Type:

Passenger Car

Commercial Vehicle

Rising Consumer Spending Leading To The Growth In The Global Antifreeze Market

The rise in the spending power of the consumers and the improvement in lifestyles particularly in China, Japan, India and Indonesia has been triggering the air traffic which has been leading to an increase in the demand for the aircrafts and the consequent demand for the coolants.

The chemicals of crude oil like propylene and ethylene have been major raw materials in the market of antifreeze and therefore the oscillations in the dynamics of the crude oil price are resulting in the higher price and unstable supply levels and this is expected to restrain the growth of the sector in the coming years. This along with the environmental pressures may hamper the growth in the global antifreeze market.

Market by Regional Analysis

North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa

Market by Regional Analysis

North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa

Asia Pacific To Dominate The Global Antifreeze Market

The growth of the global antifreeze market has been led by Asia Pacific and it has been accounting for close to half of the volumes which are sold. The growth in the region has been due to the positive growth in the automotive, aerospace and the industrial sector. The rise in the aerospace industry in this region has been because of the improvement in the spending power of the consumers and the demand for the aircrafts. The region has been a major target for the two leading aircraft manufacturers in the world which are Boeing and Aircraft. In future this will lead to good amount of gains.

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