Antifreeze Market Revenue Analysis, Company Revenue Share, Global Forecast Till 2030

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Revenue growth for antifreeze is being driven by an increase in demand for HVAC systems. Closed-loop technology is used in several HVAC solutions.

According to the most recent analysis by Emergen Research, the size of the worldwide antifreeze market reached USD 5.56 billion in 2021 and is projected to grow at a revenue CAGR of 1.8% during the forecast period. Heating, Ventilation, and Air Conditioning (HVAC) system demand growth is a significant driver influencing market revenue growth.

The Antifreeze market drivers and restraints Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Antifreeze market drivers and restraints industry.

 

Drivers' rising car production and sales support the OE and aftermarket for engine coolant and antifreeze.

Because coolant is necessary for cooling the engine, the expansion of the automotive engine coolant market is closely related to increased vehicle production. As a result, increasing vehicle production is viewed as one of the key factors driving the OE market for engine coolant.

Demand for engine coolant and antifreeze is rising due to an increase in sales of construction equipment. Housing demand, construction projects, commercialization, and rising construction budgets in developing nations are all contributing to the construction industry's development. The demand for construction equipment in this developing industry raises the price of engine coolant.

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Restraints: increasing demand for electric vehicles powered by batteries

The automotive sector now needs to explore alternative technologies due to growing environmental concerns. The creation of battery electric automobiles is one such phase (BEVs). These cars run on batteries and a variety of management systems that not only boost performance but also completely eliminate pollution. Coolants are also not used in battery-powered electric vehicles because there is no need for an internal combustion engine.

Opportunities: Coolants and antifreeze made from biomaterials and the environment

Ethylene glycol is a frequently utilised base fluid in coolants. Given its affordable production and refining expenses, it is a by-product of crude oil and is frequently used. Animals are drawn to ethanol because it has a sweet taste and is poisonous in nature.

Some major companies in the global market report include Rock Oil Refining, Inc., BP plc, Shell plc, Chevron Corporation, Exxon Mobil Corporation, TotalEnergies, LUKOIL, Petroliam Nasional Berhad (PETRONAS), Valvoline Inc., and Cummins Inc.

Some Key Highlights From the Report

  • In terms of sales share, the automobile industry led in 2021. By protecting and lubricating various metal parts of the engine's cooling system when combined with water and fed to the radiator, antifreeze aids in regulating engine temperature. Along with gas and oil, antifreeze is crucial to an engine's effective running. Without it, the heat from combustion would quickly cause the engine to overheat and might possibly cause it to stop functioning. Antifreeze also protects metal components from corrosion by lubricating cooling system components that come into contact with water. However, antifreeze needs to be replenished around every 48,000 km (30,000 miles), which is also fueling the segment's revenue growth. Like all the other deteriorating materials, antifreeze eventually becomes more acidic.
  • In 2021, the ETHYLENE GLYCOL (EG) segment's revenue share was the highest. Ethylene glycol is a crucial component of automotive antifreeze and coolant, which protects an automobile's engine from overheating and freezing in the winter. Ethylene glycol makes up a sizeable component of deicing solutions, including those used for cars, boats, and planes as well as airport runways in the chilly winter. Also found in products for hydraulic brake fluid is ethylene glycol. Ethylene glycol also increases the viscosity of ink and reduces its tendency to evaporate.
  • In 2021, the Organic Additive Technology (OAT) segment's revenue share was the highest. The OAT's sole use of carboxylate chemicals to prevent corrosion extends the coolant's lifespan even further. They work just where the metal is corroding, rather than adding a surface to the metal. They are the type that is driving the segment's sales growth since most nations accept them, they don't utilise inorganic chemicals, they require the least amount of maintenance, and they last the longest of all the other varieties. The majority of light-duty vehicles have them.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/antifreeze-market

 

Emergen Research has segmented the global antifreeze market on the basis of application, base fluid, technology, and region:  

  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Automotive
    • Industrial
    • Others (Aerospace and Electronics)
  • Base Fluid Outlook (Revenue, USD Billion; 2019–2030)
    • Ethylene Glycol (EG)
    • Propylene Glycol (PG)
    • Glycerin
  • Technology Outlook (Revenue, USD Billion; 2019–2030)
    • Organic Additive Technology (OAT)
    • Hybrid Organic Acid Technology (HOAT)
    • Inorganic Acid Technology (IAT)
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. UAE
      2. South Africa
      3. Saudi Arabia
      4. Rest of MEA

 

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