Sale

Antifreeze Market

Global Antifreeze Market Size, Share, Analysis, Forecast: By Product: Ethylene Glycol Based, Propylene Glycol Based, Glycerin Based; By Technology: Organic Acid Technology Antifreeze (OAT), Inorganic Acid Technology Antifreeze (IAT), Hybrid Organic Acid Technology (HOAT); By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Antifreeze Market Outlook

The global antifreeze market stood at a value of around USD 7.68 billion in 2023. The market is further expected to grow at a CAGR of 6.7% in the forecast period of 2024-2032 to attain a value of around USD 13.80 billion by 2032.

 

Global Antifreeze Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Ethylene Glycol Based Antifreeze to Account for a Substantial Market Share of the Global Antifreeze Industry

Based on product, ethylene glycol based antifreeze is predicted to account for a significant market share in the antifreeze industry. The growth of this segment can be attributed to the superior heat transfer properties exhibited by the product owing to its low viscosity. In addition, the freezing point depression is more effective when ethylene glycol based antifreeze is used. Therefore, it is increasingly used in the automobile industry to prevent overheating in vehicle engines. Furthermore, it is used as an industrial coolant in gas compressors, ventilation, and air conditioning systems. Other factors such as its cost-effectiveness and ability to be used in all climates further increase its popularity in various industrial applications and is, thus, expected to positively stimulate the market growth.

 

The Asia Pacific Region to Hold a Substantial Market Share in the Global Antifreeze Industry

The Asia Pacific region is estimated to hold a substantial share of the antifreeze industry in the forecast period. This growth can be attributed to the growing investments in the automotive and manufacturing industries in the region. In addition, the rising disposable income levels, improved standards of living, and the developing automobile infrastructure are also propelling the industry growth. Moreover, the need for transportation and mobility, such as commercial trucks, is expected to increase antifreeze demand in the forecast period. Furthermore, increased investments in the research and development of antifreeze production to create more efficient antifreeze coolants are expected to provide lucrative opportunities for the industry growth.

 

Antifreeze: Market Segmentation

Antifreeze is an additive solution that helps fluctuate the boiling and freezing points of any water-based liquid and is mainly utilised in mechanical equipment. These are used in below-freezing point environments to avert freezing of any heat transfer liquid. For instance, in the automobile industry, antifreeze works as a coolant to prevent overheating engines by increasing the boiling point of the water-based liquid in the engine. Antifreeze is pumped into the engine to maintain an optimal operating temperature in accordance with the outside temperature.

 

Global Antifreeze Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

By product, the market is divided into:

  • Ethylene Glycol Based
  • Propylene Glycol Based
  • Glycerin Based

On the basis of technology, the industry can be segmented into:

  • Organic Acid Technology Antifreeze (OAT)
  • Inorganic Acid Technology Antifreeze (IAT)
  • Hybrid Organic Acid Technology (HOAT)

Based on application, the market can be categorised into:

  • Automobile 
  • Aerospace
  • Industrial Heat Transfer and Cooling System 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Antifreeze Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increased Demand for High Performance Vehicles to Bolster the Growth of the Global Antifreeze Industry

The rising population worldwide is leading to an increased demand for passenger vehicles in many countries owing to better living standards and growing expenditure due to better income levels. As a result, more individuals are investing in efficient passenger vehicles for ease of transportation. In addition, with growing investments in the development of commercial infrastructure of the country due to rapid urbanisation, the demand for high yields of commercial and industrial vehicles such as trucks and cranes has increased significantly. Consequently, antifreeze additives are in huge demand to save vehicle repair costs due to overheating damages and corrosion. Moreover, the continuous research by the leading manufacturers to formulate efficient, environment-friendly, and less toxic antifreeze additives is expected to drive the market growth in the forecast period.

 

Key Industry Players in the Global Antifreeze Market

The report gives a detailed analysis of the following key players in the global antifreeze market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Royal Dutch Shell PLC
  • CCI Corporation
  • BASF SE
  • Old World Industries Inc.
  • KMCO LLC
  • Sonax GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Technology
  • Application
  • Region
Breakup by Product
  • Ethylene Glycol Based 
  • Propylene Glycol Based 
  • Glycerin Based
Breakup by Technology
  • Organic Acid Technology Antifreeze (OAT)
  • Inorganic Acid Technology Antifreeze (IAT)
  • Hybrid Organic Acid Technology (HOAT)
Breakup by Application
  • Automobile
  • Aerospace 
  • Industrial Heat Transfer and Cooling System
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Royal Dutch Shell PLC
  • CCI Corporation
  • BASF SE
  • Old World Industries Inc.
  • KMCO LLC
  • Sonax GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Antifreeze Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Antifreeze Historical Market (2018-2023) 
    8.3    Global Antifreeze Market Forecast (2024-2032)
    8.4    Global Antifreeze Market by Product
        8.4.1    Ethylene Glycol Based 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Propylene Glycol Based 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Glycerin Based 
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Antifreeze Market by Technology
        8.5.1    Organic Acid Technology Antifreeze (OAT)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Inorganic Acid Technology Antifreeze (IAT)
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Hybrid Organic Acid Technology (HOAT)
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Antifreeze Market by Application
        8.6.1    Automobile
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aerospace 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Industrial Heat Transfer and Cooling System
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others    
    8.7    Global Antifreeze Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Antifreeze Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Antifreeze Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Antifreeze Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Antifreeze Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Antifreeze Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 382000)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price  Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Royal Dutch Shell PLC
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    CCI Corporation
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    BASF SE
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Old World Industries Inc.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    KMCO LLC
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Sonax GmbH
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Antifreeze Market: Key Industry Highlights, 2018 and 2032
2.    Global Antifreeze Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Antifreeze Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Antifreeze Historical Market: Breakup by Technology (USD Billion), 2018-2023
5.    Global Antifreeze Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6.    Global Antifreeze Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Antifreeze Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Antifreeze Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Antifreeze Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Antifreeze Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Antifreeze Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Antifreeze Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Antifreeze Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Antifreeze Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Antifreeze Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Antifreeze Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Antifreeze Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Antifreeze Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Antifreeze Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    Global Antifreeze Market Structure

Key Questions Answered in the Report

In 2023, the global antifreeze market attained a value of nearly USD 7.68 billion.

The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.

The increasing demand for passenger and commercial vehicles, growing investments in the automotive and manufacturing sector, and heightened application of antifreeze in the aerospace sector are the major market drivers.

The key trends guiding the market growth are rapid investments in the research and development of antifreeze manufacturing, the growing demand for high-performance vehicles, and technological advancements.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products include ethylene glycol based, propylene glycol based, and glycerin based.

The various antifreeze technologies considered in the market report are organic acid technology antifreeze (OAT), inorganic acid technology antifreeze (IAT), and hybrid organic acid technology (HOAT).

The major application segments include automobile, aerospace, and industrial heat transfer and cooling system, among others.

The major players in the market are Royal Dutch Shell PLC, CCI Corporation, BASF SE, Old World Industries Inc., KMCO LLC, and Sonax GmbH, among others.

Analyst Review

The global antifreeze market attained a value of USD 7.68 billion in 2023, driven by the increased demand for high performance vehicles. Aided by rapid technological advancements and growing investments in the automotive and manufacturing industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into ethylene glycol based, propylene glycol based, and glycerin based. On the basis of technology, the industry can be segmented into organic acid technology antifreeze (OAT), inorganic acid technology antifreeze (IAT), and hybrid organic acid technology (HOAT). The market can be categorised, based on application, into automobile, aerospace, and industrial heat transfer, and cooling system, among others. The major regional markets for antifreeze are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Royal Dutch Shell PLC, CCI Corporation, BASF SE, Old World Industries Inc., KMCO LLC, and Sonax GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER