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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 size reached approximately USD 7.68 billion in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032, reaching a value of around USD 13.80 billion by 2032.
Key Takeaways
- Manufacturers are increasingly developing biodegradable and less toxic antifreeze formulations, such as those based on propylene glycol and glycerin.
- Innovation in antifreeze formulations, such as extended-life and eco-friendly products, is a significant trend.
- The Asia Pacific is witnessing rapid growth in due to the expanding automotive sector and industrial activities.
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 sector, 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.
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 which can support the antifreeze market growth. In addition, with growing investments in the development of the 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 market growth in the forecast period.
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Key Trends and Developments
Eco-friendly formulations; the development of extended-life antifreeze; hybrid and electric vehicles; and technological advancements are the major trends impacting the antifreeze market expansion
August, 2023
CCI Holdings Inc. has announced the acquisition of all shares of Japan Chemical Industries Co., Ltd., making it a subsidiary within the group.
January, 2024
BASF SE, a key provider of antifreeze products, announced that it has expanded its distribution network by adding Bamberger Amco Polymers to its list of key distribution partners.
February, 2024
Morris Lubricants has upgraded its Ultralife antifreeze coolants range, increasing its coverage to meet 169 manufacturers' specifications and international standards.
February, 2024
DuPont announced the launch of a glycol-purification solution which is designed to prolong the lifespan of coolants used in electric vehicles (EVs).
Eco-friendly formulations
There is a growing demand for environmentally friendly antifreeze products, such as those made from bio-based or recycled materials.
Development of extended-life antifreeze
Manufacturers are developing antifreeze products with longer service life which reduces the need for frequent replacement.
Hybrid and electric vehicles
The rise of hybrid and electric vehicles (EVs) is influencing the automotive antifreeze market, as these vehicles have different cooling system requirements compared to ICE vehicles.
Technological advancements
Advances in chemical technology are leading to the development of antifreeze products with improved properties, such as better heat transfer and corrosion resistance.
Antifreeze Market Trends
Manufacturers in the antifreeze market are focusing on developing products with extended service life to meet the evolving needs of consumers and industrial sectors. With longer service life, antifreeze products require less frequent replacement, which translates to lower maintenance costs for vehicle owners and industrial operators. Longer-lasting antifreeze also reduces the frequency of disposal, which helps in minimising the environmental impact associated with the disposal of used antifreeze.
Morris Lubricants, a player in the antifreeze coolant market announced the upgradation of its Ultralife antifreeze coolants range in February 2024, increasing its coverage to meet 169 manufacturers' specifications and international standards. The new range is designed to cater to a broad range of vehicles used in various sectors and incorporates various additive chemistries to enhance the performance and longevity of cooling system components.
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Market Segmentation
“Antifreeze Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Ethylene Glycol Based
- Propylene Glycol Based
- Glycerin Based
Market Breakup by Technology
- Organic Acid Technology Antifreeze (OAT)
- Inorganic Acid Technology Antifreeze (IAT)
- Hybrid Organic Acid Technology (HOAT)
Market Breakup by Application
- Automobile
- Aerospace
- Industrial Heat Transfer and Cooling System
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ethylene glycol-based antifreeze accounts for a major antifreeze market share owing to its effective heat transfer properties
Ethylene glycol based antifreeze is predicted to account for a significant market share. 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 sector 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 market growth.
Propylene glycol-based antifreeze is anticipated to gain sizeable growth in the coming years. It is considered safer for humans and the environment compared to ethylene glycol which makes it a preferred choice for applications where food contact or environmental safety is a concern.
The automotive sector maintains its dominance in the market as antifreeze forms a crucial component of a vehicle’s cooling system
The automotive sector holds the highest share of the antifreeze market. Antifreeze is a critical component of a vehicle's cooling system, preventing the engine coolant from freezing in cold temperatures and boiling in hot temperatures. It also provides corrosion protection for the engine and cooling system components. With the vast number of vehicles on the road and the continuous production of new vehicles, the demand for antifreeze in the automotive sector is substantial.
The industrial sector, particularly in heat transfer and cooling systems is expected to gain significant growth in the antifreeze market in the forecast period as antifreeze is used in various industrial applications, including HVAC systems, refrigeration, and cooling processes in manufacturing and power plants.
Competitive Landscape
Market players are focusing on developing advanced antifreeze formulations with improved properties to tap into new customer bases and increase the market share.
Royal Dutch Shell PLC is a global group of energy and petrochemical companies which operates in various segments, including upstream, downstream and integrated gas.
CCI Corporation is a Japanese chemical company specialising in the production of automotive and industrial chemicals, including antifreeze, brake fluids, and coolants.
BASF SE is one of the largest chemical companies in the world which offers a wide range of products, including chemicals, plastics, performance products, and agricultural solutions.
Old World Industries Inc., founded in 1973, is known for its automotive and industrial chemical products, including antifreeze, coolant, and other functional fluids.
Other key players in the antifreeze market are KMCO LLC and Sonax GmbH, among others.
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Antifreeze Market Analysis by Region
The Asia Pacific region is estimated to hold a substantial share of the market in the forecast period. This growth can be attributed to the growing investments in the automotive and manufacturing sectors in the region. In addition, the rising disposable income levels, improved standards of living, and the developing automobile infrastructure are also propelling market 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 antifreeze market development.
The Asia Pacific region is home to some of the largest automotive markets in the world, including China, India, and Japan. The increasing production and sales of vehicles in these countries are driving the demand for antifreeze, which is essential for vehicle cooling systems.
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:
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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.
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