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Global Antifreeze Market: By Product: Ethylene Glycol Based, Propylene Glycol Based, Glycerin Based; By Technology: Organic Acid Technology Antifreeze (OAT), Others; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Antifreeze Market Outlook

The global antifreeze market stood at a value of around USD 6.3 billion in 2020. The market is further expected to grow at a CAGR of 6.8% in the forecast period of 2021-2026 to attain a value of around USD 9.3 billion by 2026.

 

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.

 

Global Antifreeze Market

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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: Industry Definition and 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.

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.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Antifreeze Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Antifreeze Historical Market (2016-2020) 
    8.3    Global Antifreeze Market Forecast (2021-2026)
    8.4    Global Antifreeze Market by Product
        8.4.1    Ethylene Glycol Based 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Propylene Glycol Based 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Glycerin Based 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Antifreeze Market by Technology
        8.5.1    Organic Acid Technology Antifreeze (OAT)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Inorganic Acid Technology Antifreeze (IAT)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Hybrid Organic Acid Technology (HOAT)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Antifreeze Market by Application
        8.6.1    Automobile
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aerospace 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Industrial Heat Transfer and Cooling System
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Antifreeze Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 382000)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume 
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Royal Dutch Shell PLC
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    CCI Corporation
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    BASF SE
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Old World Industries Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    KMCO LLC
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Sonax GmbH
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments

 

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 Figures and Tables

1.    Global Antifreeze Market: Key Industry Highlights, 2016 and 2026
2.    Global Antifreeze Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Antifreeze Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Antifreeze Historical Market: Breakup by Technology (USD Billion), 2016-2020
5.    Global Antifreeze Market Forecast: Breakup by Technology (USD Billion), 2021-2026
6.    Global Antifreeze Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Antifreeze Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Antifreeze Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Antifreeze Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Antifreeze Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Antifreeze Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Antifreeze Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Antifreeze Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Antifreeze Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Antifreeze Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Antifreeze Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Antifreeze Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Antifreeze Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Antifreeze Market Forecast: Breakup by Country (USD Billion), 2021-2026
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

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