Tag Archives: Antifreeze Market

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Antifreeze Market worth 885.1 Million USD by 2021

The report  Antifreeze Market  by Vehicle Type, Product (Ethylene Glycol, Propylene Glycol & Glycerine), Engine Coolant Additive Technology OE & Aftermarket (IAT, OAT, & HOAT), & Coolant Market by Application – Forecast to 2021 „ , The antifreeze market for original equipment is projected to grow at a CAGR of 5.18% during the forecast period, to reach a market size of USD 885.1 million by the 2021st

Browse 93 market data tables and 64 figures spread through 177 pages and in-depth TOC on  „Antifreeze Market by Vehicle Type, Product (Ethylene Glycol, Propylene Glycol & Glycerin), Engine Coolant Additive Technology OE & Aftermarket (IAT, OAT, & HOAT ), & Region and Construction Equipment Engine Coolant Market by Application – Forecast to 2021 “ https://www.marketsandmarkets.com/Market-Reports/automotive-antifreeze-market-241952403.html Early buyers will receive 10% customization on reports.

The antifreeze market is driven by increasing vehicle sales and production across the globe. These include vehicles from different segments such as Pickup Trucks, Sports Utility Vehicles (SUV), andMulti PurposeVehicles (MPV), which have a large engine size as compared to sedans or hatchbacks. The aftermarket for antifreeze is fueled by the increase in vehicle as well as increased miles per year per country.

„Passenger cars to the largest vehicle type in the antifreeze market OE“

Passenger cars are expected to dominate the antifreeze market for OE. According to Organization Internationale des Constructeurs d’Automobiles (OICA), from 55.6 million units in 2010 to 66.3 million units in 2015. The average amount of engine coolant required in passenger cars, can range from 1 to 5 gallons. The amount of antifreeze present in the field of engineering varies according to temperature zones and OE recommendations. An increase in sales results in a corresponding increase in vehicle parc of passenger cars. The same publication from OICA states that the number of passenger cars and commercial vehicles on the road were 919.0 million units and 321.3 million units in 2015, respectively. As the number of passenger cars on the road is higher than commercial vehicles,

„OAT to be the fastest growing segment in the antifreeze market, by technology“

Organic Acid Technology (OAT) is estimated to witness the highest growth in the global antifreeze market. The growth of this technology is due to the presence of neutralized inorganic salts and acids, which can be decomposed without impacting the environment.OAT basedantifreeze has the maximum presence in North American and European regions, where the usage of IAT based technology has declined significantly owing to its toxic nature. The OAT based antifreeze is projected to grow the life of the OAT based antifreeze, as compared to IAT based antifreeze.

„Antifreeze market of North America to grow to the highest CAGR during the forecast period“

North America is estimated to dominate the antifreeze market for OE. The growth of this market can be attributed to the higher production and demand for large engine capacity vehicles in this region. The production of light commercial vehicles (LCV) in North America increased to 11.0 million units in 2016, with a year-over-year growth rate of 5.7%, according to OICA. This is the highest production of LCVs across all regions. So, LCVs in North America have a higher antifreeze requirement of around 7-8 liters, which is ~ 42% higherthanother regions. Search factors would contribute to the growth of the antifreeze market in the region.

The antifreeze market is dominated by a few global players and several regional players. Some of the key manufacturers operating in the market are BP PLC (UK), Royal Dutch Shell PLC (Netherlands), Total (France), Chevron Corporation (US), and Exxon Mobil Corporation (US). The key innovators gaining attention in the antifreeze market include DuPont Tate & Lyle Bio Products (US), Recochem, Inc. (Canada), and Evans Cooling Systems, Inc. (US).

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Automotive Antifreeze Market is Projected to Register 5.2% CAGR through 2022

Fact.MR, a fast-growing market research firm, announces the launch of its new report on the global automotive antifreeze market. Increasing sales of cars, especially in China and India will augur well for the growth of the global antifreeze market. Increasing vehicle production in North America and Europe will offer growth opportunities for the market. Manufacturers are focusing on introduction of more environment-friendly automotive antifreeze with propylene glycol, which is a less-toxic compound prepared from propene. FactMR’s report offers detailed analysis about the global automotive antifreeze market for the forecast period 2017 to 2022.

The global automotive antifreeze market is projected to register 5.2% CAGR through 2022. Growth of the market is influenced by a number of macroeconomic factors, which include stable recovery in global economy, increasing disposable income of middle class, and relatively stable end-user sentiment. Expanding automotive aftermarket, and rising awareness among consumers about engine efficiency and automobile maintenance are expected to drive demand for automotive antifreeze across the globe. Rising component costs and fluctuation will create challenges for manufacturers during the forecast period. Fluctuating input costs are expected to impact the profitability of suppliers. Soaring demand for fuel-efficient vehicles is estimated to be another imperative factor to fuel growth of the market. Global sales of automotive antifreeze will account for revenues worth US$ 359.1 Mn in 2017, and is further estimated to reach US$ 463.4 Mn by 2022-end.

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Key takeaways from FactMR’s Report on Global Automotive Antifreeze Market

  • Propylene glycol is expected to remain preferred among products in the global automotive antifreeze market, with sales expanding at a high single-digit CAGR through 2022. Sales of glycerin-based automotive antifreeze will remain sluggish during the forecast period.
  • By vehicle type, sales of automotive antifreeze will be highest in passenger cars (PC), witnessing an impressive expansion through 2022. LCVs will remain the second most lucrative vehicles for sales of automotive antifreeze globally. However, demand for automotive antifreeze in HCVs will remain sluggish throughout the forecast period.
  • Aftermarket will continue to be the largest sales channel for automotive antifreeze, with sales poised to reach nearly US$ 320 Mn by 2022-end. Revenue from sales of automotive antifreeze in OEM will remain comparatively lower, expanding at 4.3% CAGR through 2022.

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  • Organic acid is estimated to be most-lucrative technology in the global automotive antifreeze market, closely followed by inorganic acid technology by 2022-end. However, inorganic acid technology is expected to account for a comparatively higher revenue share of the market than organic technology in 2017.
  • Asia Pacific excluding Japan (APEJ) is estimated to be dominant in the market, with sales estimated to reach US$ 162.6 Mn by 2022-end.
  • Europe will remain the second-most lucrative region for automotive antifreeze market during the forecast period.
  • North America and APEJ are expected to register parallel expansion at 5.3% CAGR through 2024 in the global automotive antifreeze market.
  • Key market players identified in the report include BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, KOST USA, Inc., Prestone Products Corporation, Recochem Inc., Rock Oil Company, LLC, Total S.A., and Valvoline International, Inc.

Click to View Complete Report: https://www.factmr.com/report/19/automotive-antifreeze-market

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