Antifreeze Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Ethylene Glycol, Propylene Glycol, Glycerin), By Technology (Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT), Inorganic Acid Technology (IAT)), By Application (Automobile, Aerospace, Industrial heat transfer and cooling systems) By Region and Competition

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5465.23 million

CAGR (2023-2028)

5.84%

Fastest Growing Segment

Automobile

Largest Market

Asia Pacific


Market Overview

Global Antifreeze Market has valued at USD 5465.23 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.84% through 2028. An antifreeze is an additive which lowers the freezing point of a water-based liquid. An antifreeze mixture is used to achieve freezing-point depression for cold environments. Common antifreezes also increase the boiling point of the liquid, allowing higher coolant temperature. However, all common antifreeze additives also have lower heat capacities than water and do reduce water's ability to act as a coolant when added to it.

Antifreeze, also known as coolant, is a vital fluid used in various industries to regulate temperature and prevent freezing or overheating. This versatile solution plays a crucial role in maintaining the efficiency and integrity of engines, machinery, and systems by mitigating the adverse effects of extreme temperatures. Whether in automobiles, industrial processes, aerospace applications, or other sectors, antifreeze is a key component that ensures optimal performance, longevity, and environmental responsibility. Moreover, antifreeze/coolant offers excellent chemical inertness, thermal capacity, low viscosity, non-toxic, and anti-corrosive properties which makes it desirable for use in various industries.

In addition, the increasing need for vehicles and the ongoing efforts by automakers to invest in research and development for creating economical, environmentally friendly, and low-toxicity products with prolonged effectiveness are expected to drive growth in the automotive coolant market throughout the projected timeframe. Furthermore, the convenient and ample accessibility to diverse materials like ethylene glycol, propylene glycol, and glycerin in developed nations facilitates newcomers in crafting such solutions, thereby propelling advancements in the antifreeze market.

Key Market Drivers

Rise in the Demand from the Automobile Sector

In the vast landscape of the automobile sector, where innovation propels progress and technology paves the way for advancement, one often underappreciated yet critical component stands out is antifreeze. This unassuming fluid, also known as coolant, has evolved from being a seasonal necessity to a year-round essential in the realm of automobiles where it works as a fundamental ingredient in the recipe for optimal vehicle performance, longevity, and safety. Antifreeze, at its core, is a marvel of chemical engineering. Its primary purpose is to regulate the temperature within an automobile's engine, preventing both freezing and overheating. In regions where winter's icy grip can immobilize a vehicle, antifreeze plays a pivotal role in averting catastrophe. By lowering the freezing point of the engine coolant mixture, it safeguards vital components from the destructive force of expanding ice crystals.

Advancements in the automobile industry have fostered an intricate relationship between technology and antifreeze. The evolution of engines from simple internal combustion setups to complex powerhouses with intricate cooling systems has redefined the demand for antifreeze. The coolant is no longer a mere fluid coursing through pipes; it is a precision-engineered solution that must be compatible with a plethora of materials used in modern engines. Aluminum, cast iron, and various types of plastic interact within these advanced engines, demanding antifreeze formulas that can prevent corrosion and cavitation across these diverse surfaces. Furthermore, sophisticated climate control systems, intertwined with the engine's cooling mechanisms, ensure passengers' comfort regardless of the external weather conditions. This fusion of technologies accentuates the demand for antifreeze, as it indirectly influences the driving experience and passenger safety.

Moreover, environmental concerns have cast a spotlight on antifreeze formulations, sparking a quest for solutions that marry efficiency with eco-friendliness. The industry responded with a resounding commitment to sustainability. Propylene glycol-based antifreeze formulations emerged as eco-friendly alternatives, exhibiting lower toxicity and improved biodegradability. This shift underlines the sector's responsibility to minimize its ecological footprint while meeting the ever-growing demand for antifreeze. Therefore, the demand for antifreeze in the automobile sector is not just a matter of necessity; it's a testament to the intricate synergy between technology, innovation, and sustainability which lead to the demand of market in the forecast period.

Increasing Demand from Industrial Sector

Industrial heat transfer and cooling systems encompass a wide spectrum of applications, from maintaining stable temperatures in chemical reactors to dissipating excess heat from machinery in manufacturing plants. In such intricate setups, temperature control is not just a matter of comfort; it is the bedrock upon which processes are executed with precision. Antifreeze, with its exceptional properties, steps in to safeguard these processes from the adverse effects of temperature fluctuations. The primary function of antifreeze in industrial heat transfer and cooling systems is to prevent freezing and overheating. The industrial environments are considerably different from the open road, and they indeed are. Industrial heat transfer and cooling systems encounter a diverse array of materials, from metals to polymers, each with its unique thermal characteristics and susceptibilities. The adaptability of antifreeze formulations to this diversity is a testament to its versatility. Advanced antifreeze solutions are engineered to be compatible with a multitude of materials, ensuring that the intricate components of industrial systems remain corrosion-free and fully functional.

Moreover, in the digital age, data centers have emerged as the beating heart of industries across the spectrum. These hubs of computational power generate enormous amounts of heat, necessitating sophisticated cooling mechanisms to prevent hardware failures and ensure uninterrupted operations. Here, antifreeze plays a role that extends beyond temperature regulation. It serves as a protector of data integrity, ensuring that sensitive electronics remain within their optimal operating temperature range. Antifreeze's capability to prevent overheating and its compatibility with intricate cooling infrastructures make it an invaluable asset in the realm of data centers. In addition, due to rapid industrialization and the exponential growth of various sectors have elevated the demand for industrial heat transfer and cooling systems. Whether it's the controlled environment required for chemical reactions or the temperature-sensitive processes in pharmaceutical manufacturing, these systems are the backbone of modern industries. Consequently, the demand for antifreeze has grown hand in hand with the expansion of industrial operations.

Furthermore, the demand for antifreeze in industrial applications is further underscored by the heightened emphasis on sustainability and environmental responsibility. As industries strive to reduce their carbon footprint and minimize waste, antifreeze offers an opportunity for eco-conscious operations. Traditional antifreeze formulations, based on ethylene glycol, have faced criticism for their potential harm to the environment. However, the industry has responded with more environmentally friendly alternatives, such as propylene glycol-based solutions. These formulations not only maintain the efficiency and performance expected of antifreeze but also align with the ethos of sustainable industrial practices. Thus, from chemical reactors to data centers, antifreeze ensures that industrial processes unfold seamlessly within the bounds of controlled temperatures result in the growth of antifreeze market in the upcoming years.

Growing Demand from Aerospace Sector

The aerospace industry stands as a pinnacle of human achievement, with aircraft and spacecraft pushing the boundaries of what is possible. Yet, behind the scenes, lies a delicate balancing act between the frigid temperatures of high altitudes and the immense heat generated by engines and friction during flight. Antifreeze steps in as the unsung hero, maintaining equilibrium in the face of these extreme conditions. Beyond the Earth's atmosphere, in the realm of space exploration, the role of antifreeze takes on new dimensions. In the vacuum of space, temperature regulation is a complex challenge. Solar radiation can elevate surface temperatures to scorching levels, while the absence of an atmosphere causes rapid cooling in the shadowed regions. Spacecraft and satellites traverse between these extreme conditions, necessitating impeccable thermal control. Antifreeze, with its ability to prevent freezing and overheating, becomes an integral component in maintaining the delicate balance required for successful space missions. As the aerospace sector continues to expand, the demand for antifreeze follows suit. The increasing frequency of commercial flights, the growth of satellite networks, and the pursuit of interplanetary exploration. In the grand tapestry of aerospace, where technology, engineering, and exploration converge, antifreeze occupies a role far more profound than its unassuming nature suggests. It's the quiet guardian that ensures the safety of passengers, the efficiency of engines, and the reliability of complex systems. It's the unsung hero that enables satellites to beam signals across continents, spacecraft to explore the cosmos, and aircraft to traverse the skies. From preventing frozen fuel lines at cruising altitudes to maintaining optimal operating temperatures in the vacuum of space, antifreeze is the unseen enabler of aerospace's triumphs, all these factors contribute to the demand of antifreeze in the projected period.

 

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Key Market Challenges

Regulatory Frameworks and Supply Chain Complexity Poses a Significant Obstacle To Market Expansion

The antifreeze market is subject to various regulations and standards that vary from region to region. These regulations often pertain to the toxicity of antifreeze formulations and the disposal of used coolant. Manufacturers must navigate a complex web of compliance requirements to ensure that their products meet safety and environmental standards. This challenge is amplified in global markets, where manufacturers must adapt their formulations to meet the unique regulations of different countries while maintaining consistent product quality, ultimately impacting market growth in the forecast period.

Moreover, the production and distribution of antifreeze involve intricate supply chains that span from raw material sourcing to end-user consumption. Ensuring a steady supply of high-quality antifreeze requires meticulous coordination of suppliers, manufacturers, distributors, and retailers. Any disruptions, such as shortages of raw materials or transportation bottlenecks, can have ripple effects throughout the supply chain, leading to potential shortages and price fluctuations restrain the market growth.

Lack of Awareness

A challenge that spans across industries is the lack of awareness and education among consumers and end-users about the importance of using the right antifreeze and proper maintenance practices. Incorrect usage or mixing of incompatible antifreeze formulations can lead to engine damage, reduced performance, and increased maintenance costs. Educating consumers about the nuances of antifreeze and its role in their specific applications is essential to ensuring the proper and safe use of these fluids.

Key Market Trends

Increasing Demand for Eco- Friendly Formulations

Environmental consciousness has carved its niche in every corner of the industrial landscape, and the antifreeze market is no exception. One of the most prominent trends is the rise of eco-friendly antifreeze formulations. Traditionally, antifreeze formulations relied on ethylene glycol, a compound with known environmental hazards. However, a growing number of manufacturers are prioritizing greener alternatives, such as propylene glycol-based formulations. These alternatives not only exhibit lower toxicity but also demonstrate enhanced biodegradability, significantly reducing their impact on the environment in case of spills or leaks. The shift towards eco-friendly antifreeze aligns with the broader sustainability goals of industries and regulatory bodies alike. As governments tighten environmental regulations and consumers demand more responsible products, manufacturers are seizing the opportunity to lead by example. This trend is a testament to the antifreeze market's adaptability and its commitment to mitigating its environmental footprint, even as it continues to cater to diverse and demanding applications. These factors are anticipated to drive the growth of the global antifreeze market during the forecast period.

Adapting to Advancing Systems

The rapid pace of technological advancements across industries is transforming the very nature of systems and machinery. The antifreeze market is closely intertwined with this technological evolution. Modern engines are designed with intricate cooling systems that demand antifreeze formulations capable of preventing corrosion, cavitation, and other detrimental effects. Aerospace systems require temperature regulation solutions that function seamlessly in the vacuum of space. Even data centers, the digital hubs of the modern world, rely on antifreeze to ensure stable temperatures for their critical components. As technology propels industries forward, the antifreeze market follows suit. Manufacturers are engaging in ongoing research and development to engineer formulations that can adapt to these advancing systems. The collaboration between the antifreeze market and technology is symbiotic, with each driving the other to achieve new heights of efficiency, reliability, and innovation.

Empowering Informed Choices

In an era of information accessibility, consumers and end-users are becoming more discerning about the products they use. This trend has prompted manufacturers to focus on consumer awareness and education regarding antifreeze usage and benefits. From proper application methods to the advantages of using eco-friendly formulations, manufacturers are investing in initiatives that empower consumers to make informed choices. This trend is particularly crucial in industries where incorrect antifreeze usage can lead to significant consequences. Automotive owners need to understand the importance of using the right antifreeze for their specific vehicle, while industrial professionals must be aware of the compatibility requirements for complex systems. By fostering understanding and awareness, the antifreeze market is playing a role in enhancing the efficiency, safety, and sustainability of various applications.

Segmental Insights

Product Insights

Based on the category of product, the Ethylene Glycol segment emerged as the dominant player in the global market for antifreeze in 2022. This can be credited to the increasing utilization of ethylene glycol for deicing purposes, as well as its role in preventing radiator overheating, guarding against radiator freezing, and facilitating hydraulic brakes. These factors are anticipated to be key drivers of the market demand. Furthermore, the growing adoption of ethylene glycol as a heat conductor in heating and cooling systems is expected to provide additional impetus to the market's expansion.

Additionally, the Propylene Glycol segment is projected to experience moderate growth during the forecast period. This is attributed to its non-toxic nature, strong compatibility, and cost-effectiveness in comparison to traditional ethylene glycol. The progression of processing techniques and the implementation of stringent regulations advocating for the replacement of harmful substances are projected to significantly boost the demand for propylene glycol during the forecast period.

Technology Insights

The Hybrid Organic Acid Technology (HOAT) segment is projected to experience rapid growth during the forecast period due to its extended lifespan and effective corrosion prevention. Moreover, its exceptional compatibility with various coolants (serving as a viable top-up option for both IAT and OAT antifreeze) and the increasing adoption of HOAT as factory fill by prominent automotive OEMs such as Audi, Mercedes, Volvo, etc., in addition to its growing use in the broader aftermarket coolant sector, are expected to contribute to the enhancement of market growth.

 

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Regional Insights

Asia Pacific emerged as the dominant player in the global antifreeze market in 2022, this is due to the burgeoning automotive industry in multiple nations, encompassing India, China, Indonesia, and Thailand, in conjunction with elevated living standards, heightened consumer awareness, and increasing disposable income, is poised to foster expansion throughout the projected timeline. Moreover, the escalating adoption of electric vehicles and the surge in research and development investments for hybrid vehicles are anticipated to unlock novel avenues for growth.

Recent Developments

  • In May 2023, BASF SE successfully introduced its new product range of biomass balanced coolants GLYSANTIN to the European aftersales market.
  • In January 2022, Gulf Oil International Ltd announced that Gulf Formula Elite is now the first fill lubricant in all McLaren Automotive supercars and hypercars that leave the McLaren Production Centre in Woking, Surrey, England.   
  • In March 2022, Chevron Corporation introduced Delo ELC Antifreeze/Coolant that is suitable for a wide range of on- and off-road applications.
  • In November 2020, KOST USA, a manufacturer, supplier, and marketer of antifreeze and functional fluids, announced that it has been acquired by Recochem Corporation out of Montreal, Canada.

Key Market Players

  • BASF SE
  • Royal Dutch Shell Plc
  • Total S.A.
  • Chevron Corporation
  • BP Plc
  • ExxonMobil Corporation (US)
  • Gulf Oil International Ltd
  • Clariant AG
  • Recochem Corporation
  • Valvoline Global Operations

 By Product

By Technology

By Application

By Region
  • Ethylene Glycol
  • Propylene Glycol
  • Glycerin
  • Organic Additive Technology (OAT)
  • Hybrid Organic Acid Technology (HOAT)
  • Inorganic Acid Technology (IAT)
  • Automobile
  • Aerospace
  • Industrial heat transfer and cooling systems
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Antifreeze Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Antifreeze Market, By Product:

o   Ethylene Glycol

o   Propylene Glycol

o   Glycerin

  • Antifreeze Market, By Technology:

o   Organic Additive Technology (OAT)

o   Hybrid Organic Acid Technology (HOAT)

o   Inorganic Acid Technology (IAT)

  • Antifreeze Market, By Application:

o   Automobile

o   Aerospace

o   Industrial heat transfer and cooling systems

  • Antifreeze Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  United Kingdom

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  India

§  South Korea

§  Japan

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Antifreeze Market.

Available Customizations:

Global Antifreeze Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Antifreeze Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product (Ethylene Glycol, Propylene Glycol, Glycerine)

5.2.2.    By Technology (Organic Additive Technology (OAT), Hybrid Organic Acid Technology (HOAT), Inorganic Acid Technology (IAT))

5.2.3.    By Application (Automobile, Aerospace, Industrial heat transfer and cooling systems)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East &     Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Product

5.3.2.    By Technology

5.3.3.    By Application

5.3.4.    By Region

6.    North America Antifreeze Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Technology

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Antifreeze Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Technology

6.3.1.2.3.           By Application

6.3.2.    Mexico Antifreeze Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Technology

6.3.2.2.3.           By Application

6.3.3.    Canada Antifreeze Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Technology

6.3.3.2.3.           By Application

7.    Europe Antifreeze Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Technology

7.2.3.    By Application

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Antifreeze Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Technology

7.3.1.2.3.           By Application

7.3.2.    Germany Antifreeze Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Technology

7.3.2.2.3.           By Application

7.3.3.    United Kingdom Antifreeze Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Technology

7.3.3.2.3.           By Application

7.3.4.    Italy Antifreeze Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product

7.3.4.2.2.           By Technology

7.3.4.2.3.           By Application

7.3.5.    Spain Antifreeze Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product

7.3.5.2.2.           By Technology

7.3.5.2.3.           By Application

8.    Asia-Pacific Antifreeze Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Technology

8.2.3.    By Application

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Antifreeze Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Technology

8.3.1.2.3.           By Application

8.3.2.    India Antifreeze Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Technology

8.3.2.2.3.           By Application

8.3.3.    South Korea Antifreeze Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Technology

8.3.3.2.3.           By Application

8.3.4.    Japan Antifreeze Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product

8.3.4.2.2.           By Technology

8.3.4.2.3.           By Application

8.3.5.    Malaysia Antifreeze Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product

8.3.5.2.2.           By Technology

8.3.5.2.3.           By Application

9.    South America Antifreeze Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Technology

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Antifreeze Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Technology

9.3.1.2.3.           By Application

9.3.2.    Argentina Antifreeze Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Technology

9.3.2.2.3.           By Application

9.3.3.    Colombia Antifreeze Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Technology

9.3.3.2.3.           By Application

10. Middle East and Africa Antifreeze Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product

10.2.2. By Technology

10.2.3. By Application

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Antifreeze Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Technology

10.3.1.2.3.         By Application

10.3.2. Saudi Arabia Antifreeze Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Technology

10.3.2.2.3.         By Application

10.3.3. UAE Antifreeze Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Technology

10.3.3.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

13. Global Antifreeze Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.5.1. BASF SE

15.5.2. Royal Dutch Shell Plc

15.5.3. Total S.A.

15.5.4. Chevron Corporation

15.5.5. BP Plc

15.5.6. ExxonMobil Corporation (US)

15.5.7. Gulf Oil International Ltd

15.5.8. Clariant AG

15.5.9. Recochem Corporation

15.5.10.              Valvoline Global Operations

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The market size of the Global Antifreeze Market was estimated to be USD 5465.23 million in 2022.

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The ethylene glycol segment demonstrated significant dominance in 2022. This is due to the increasing utilization of its derivatives in the automobile radiator as it prevents the overheating of radiator overheating.

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Asia Pacific dominated the market with a revenue share in 2022. This is due to rising demand of automobile mainly passenger cars in the developing countries.

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Increasing in the automobile sector in the developing countries and rising application in the industrial heat transfer operation are the major drivers for the Global Antifreeze Market.

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Srishti Verma

Business Consultant
Press Release

Antifreeze Market to Grow with a CAGR of 5.84% through 2028

Sep, 2023

Rise in the demand from the automobile sector & industrial heat transfer & cooling system are factors driving the Global Antifreeze Market in the forecast period 2024-2028.

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