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Global Automotive Antifreeze Market Size, Share: By Fluid Type: Ethylene Glycol, Propylene Glycol, Glycerin; By Technology: Inorganic Additive Technology (IAT), Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT); By Application; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Automotive Antifreeze Market Outlook
The global automotive antifreeze market attained a value of about USD 4.26 billion in 2023. The market is further expected to grow at a CAGR of 7.8% during the forecast period of 2024-2032 to reach approximately USD 8.40 billion by 2032.
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The Surge in Demand for High Performance Vehicles to Drive the Market Growth
The growth in the market for automotive antifreeze can be attributed to the rising demand for high performance vehicles. High-performance automotive manufacturing has increased over the past years owing to rapid technological advancements and a rise in living standards owing to increased disposable incomes. In addition, a number of auto racing competitions, like the Formula 1, is positively influencing the market demand for high-performance, heavy vehicles. Car coolants are a primary component to regulate the excessive heat produced by the powerful engine over fast speeds and is necessary for maintaining the long life of the vehicle.
Furthermore, with the rising number of research activities, owing to investments in the chemical industry, automotive coolants are subject to robust technological advancements such as Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), and Inorganic Acid Technology (IAT), which assist in creating silica and phosphate-free products. In addition, with the ease in availability of materials like ethylene glycol and glycerine, new companies are emerging as potential sellers of automobile antifreeze solutions, thereby further bolstering the industry.
Automotive Antifreeze: Industry Definition and Segmentation:
Automotive antifreeze is a coloured liquid that is mixed with water to help regulate the temperature of the vehicle within a specified range. It is used to regulate the engine during extreme weather conditions and also prevent corrosion.
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On the basis of fluid type, the market can be divided into:
- Ethylene Glycol
- Propylene Glycol
- Glycerine
Based on technology, the market can be segmented into:
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
Based on application, the industry classifications are:
- Passenger Vehicle
- Commercial Vehicle
- Construction Vehicle
On the basis of distribution channel, the market can be segmented into:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
The EMR report looks into the regional markets of automotive antifreeze like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Rising demand for Personal Vehicles to Augment Market Growth Over the Forecast Period
The flourishing automobile industry in the Asia Pacific region, owing to low labour cost, ease in availability of raw materials, a number of automobile manufacturers situated in the region are generating robust demand for antifreeze fluids in order to provide high-quality services to potential customers. In addition to this, the growth in the demand for personal vehicles owing to the rising levels of health consciousness with the outburst of coronavirus pandemic has further fuelled the demand for automobiles, and the resultant demand for automobile antifreeze.
Moreover, with rising awareness regarding climate degradation, the emergence of electronic vehicles in the coming years is expected to drive the market growth for automotive antifreeze solutions. With the potential benefits of batteries of electronic vehicles, the ethylene glycol segment is projected to witness positive growth. However, the harmful effects of the chemical on the environment may impede the growth of the market over the forecast period.
Key Industry Players in the Global Automotive Antifreeze Market
The report presents a detailed analysis of the following key players in the global automotive antifreeze market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Castrol Limited
- Halfords Group PLC
- Chevron Corporation
- Exxon Mobil Corporation
- Motul
- Prestone Products Corporation
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
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 Fluid Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| 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 Automotive Antifreeze Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Antifreeze Historical Market (2018-2023)
8.3 Global Automotive Antifreeze Market Forecast (2024-2032)
8.4 Global Automotive Antifreeze Market by Fluid Type
8.4.1 Ethylene Glycol
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Propylene Glycol
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Glycerin
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Automotive Antifreeze Market by Technology
8.5.1 Inorganic Additive Technology (IAT)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Organic Acid Technology (OAT)
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 Automotive Antifreeze Market by Application
8.6.1 Passenger Vehicle
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicle
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Construction Vehicle
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Antifreeze Market by Distribution Channel
8.7.1 Original Equipment Manufacturers (OEMs)
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Antifreeze Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive 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 Automotive 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 Automotive 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 Automotive 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 Automotive 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 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Castrol Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Halfords Group PLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Chevron Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Exxon Mobil Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Motul
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Prestone Products Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Antifreeze Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Antifreeze Historical Market: Breakup by Fluid Type (USD Million), 2018-2023
3. Global Automotive Antifreeze Market Forecast: Breakup by Fluid Type (USD Million), 2024-2032
4. Global Automotive Antifreeze Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Global Automotive Antifreeze Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Global Automotive Antifreeze Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Automotive Antifreeze Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Automotive Antifreeze Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Automotive Antifreeze Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Automotive Antifreeze Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Antifreeze Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automotive Antifreeze Market Structure
Key Questions Answered in the Report
The global automotive antifreeze market attained a value of nearly USD 4.26 billion in 2023.
The market is projected to grow at a CAGR of 7.8% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 8.40 billion by 2032.
The market is being driven by the easy availability of automotive antifreeze, and the rising demand for high performance vehicles.
The rise in demand for personal vehicles in colder climates and the flourishing chemical industry are the key trends of the market.
The major regional markets for automotive antifreeze are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading fluid types in the market are ethylene glycol, propylene glycol, and glycerin.
The major technologies in the market are inorganic additive technology (IAT), organic acid technology (OAT), and hybrid organic acid technology (HOAT).
The significant applications include passenger vehicle, commercial vehicle, and construction vehicle.
The important distribution channels of automotive antifreeze include original equipment manufacturers (OEM), and aftermarket.
The key players in the global automotive antifreeze market are Castrol Limited, Halfords Group PLC, Chevron Corporation, Exxon Mobil Corporation, Motul, and Prestone Products Corporation, among others.
Analyst Review
The global automotive antifreeze market attained a value of about USD 4.26 billion in 2023, driven by emerging companies in the production of automotive antifreeze. Aided by the flourishing automobile sector, the market is expected to grow at a CAGR of 7.8% in the forecast period of 2024-2032 to reach nearly USD 8.40 billion by 2032.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The market, on the basis of fluid type, can be divided into ethylene glycol, propylene glycol, and glycerine. Based on technology, the industry segmentations are inorganic additive technology (IAT), organic acid technology (OAT), and hybrid organic acid technology (HOAT). On the basis of application, the market can be divided into passenger vehicles, commercial vehicles, and construction vehicles. On the basis of distribution channels, the market can be categorised into original equipment manufacturers (OEM), and aftermarket. The major regional markets for automotive antifreeze are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Castrol Limited, Halfords Group PLC, Chevron Corporation, Exxon Mobil Corporation, Motul, and Prestone Products Corporation, 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.
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