Sale

Latin America Antifreeze Market

Latin America Antifreeze Market Size, Share, Research: By Product: Ethylene Glycol Based, Propylene Glycol Based, Glycerine Based, Others; By Technology: Organic Acid Technology Antifreeze (OAT), Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Latin America Antifreeze Market Outlook

The Latin America antifreeze market size was around USD 805.3 million in 2023. The market is estimated to grow at a CAGR of 5.1% during 2024-2032 to reach a value of USD 1,247.7 million by 2032.

 

Key Takeaways

  • Rising eco-consciousness is enhancing the demand for eco-friendly antifreeze produced from sustainable feedstocks that are recyclable.
  • In 2022, the air conditioner demand in Latin America reached about 7.02 million units, driving the demand for antifreeze for heat transfer and cooling applications.
  • In 2022, Latin America attracted nearly USD 100 billion in FDI project announcements, with the automotive sector representing 13%, led by the hydrocarbons sector (24%), thereby widening antifreeze applications.

 

In the automotive sector, a mixture of antifreeze and water serves as a coolant to prevent overheating of engines by raising the boiling point of the water-based liquid in the engine. The demand for antifreeze is rising along with the sales and manufacture of passenger cars. Antifreeze is a component of the engine coolant and is crucial to maintain the ideal temperature inside the engine of a vehicle. It reduces the excess heat produced while the automobile is running and prevents serious damage to its internal components.

 

The number of air passengers flying to, from, and within Latin America and the Caribbean (LAC) is rising from a critical COVID-19-induced drop in 2020. The rise in air travel aids the demand for antifreeze for aircraft de-icing and lavatory fluids. From January to November 2023, the total number of passengers travelling to and from the region reached 410.5 million, a rise of 13.9% y-o-y, highlighting a positive trend of recovery and expansion in the sector.

 

Figure: Latin America and Caribbean Air Transport of Passengers (2018-2021); Million

Latin America Antifreeze Market

 

Table: Latin America Vehicle in Operation

Country VIO
Brazil 44 Million
Mexico 32 Million
Argentina 14 Million
Colombia 6 Million
Chile 6 Million
Venezuela 4 Million
Peru 3 Million
Jamaica 3 Million
Ecuador 2 Million
Guatemala 2 Million
Dominican Republic 2 Million
Bolivia 1 Million
Paraguay 1 Million
Uruguay 1 Million
Nicaragua 0.5 Million

 

Key Trends and Developments

Rising use as a heat conductor in heating and cooling systems; increasing automobile manufacturing; demand for eco-friendly antifreeze; and the expanding aviation sector are positively impacting the Latin America antifreeze market growth

 

Date Company Event
Oct 2023 Shell Lubricants Shell Lubricants has introduced a range of single-phase immersion cooling fluids to keep computer components cool efficiently while helping to cut energy consumption and lower carbon dioxide emissions, especially in energy-intensive facilities such as data centres.
Sep 2023 Dow Dow has launched a new line of propylene glycol (PG) solutions in Europe, utilising alternative, lower-carbon, bio-based, and circular feedstocks. This allows customers in industries like pharmaceutical, agricultural, and food to provide end-products with validated sustainability benefits.
Aug 2023 TotalEnergies In Chile, TotalEnergies launched its new Cooltech Supra Perf Organic Refrigerant in its 4-liter format diluted at 50% and ready-to-use format. Supra Perf Organic Refrigerant is a long-lasting antifreeze based on monoethylene glycol and organic corrosion inhibitors.
Apr 2022 ExxonMobil ExxonMobil launched two new antifreeze products namely Mobil Delvac Modern Extended Life and Mobil Delvac Legend Heavy Duty for commercial vehicles in Mexico.

 

 

Trends Impact
Rising number of commercial vehicles and growing automobile sector support antifreeze demand In Latin America, the commercial vehicle market is expected to witness significant growth in the coming years, propelled by key factors such as substantial infrastructure investment, ongoing mining development, increased export activities, and the implementation of multimodal transportation projects. Increasing number of commercial vehicles on road favours the Latin America antifreeze market.
Demand for antifreeze for aerospace applications The enhancement of air travel infrastructure in Latin America is fostering increased connectivity between regional destinations, facilitating domestic tourism and promoting multi-destination travel. This contributes to the demand for antifreeze for aerospace applications.
Preference for eco-friendly antifreeze The introduction of ECO2 represents a non-toxic, fully inhibited heat transfer fluid with antifreeze capabilities derived from refined vegetable extracts.
Favourable temperatures in Latin America Several nations, including Bolivia, Peru, Ecuador, and Colombia, feature extensive high-altitude regions in the Andes mountains. In these areas, colder temperatures and even snowfall are common, necessitating the use of antifreeze for proper vehicle functioning.

 

Latin America Antifreeze Market Trends

Rising environmental consciousness is increasing the demand for eco-friendly products. Manufacturers can capitalise on this opportunity by substituting petroleum feedstocks with sustainably harvested renewable and biological feedstocks. Additionally, they can manufacture products free of persistent synthetic compounds, such as additives.

 

With the number of vehicles in operation rising, there is a greater demand for tires, spare parts, and car chemicals, including antifreeze. In Mexico, there are around 34 million units in operation and the average age of vehicles is 16.1 years. The average vehicle age has continued to grow in Latin America and some vehicles are the oldest globally, which adds to the demand for car chemicals like antifreeze.

 

According to the Federal Aviation Administration (FAA), the Latin American aviation sector is expected to grow by 4.5% per year by 2034. Antifreeze finds use in the de-icing of aircraft during the flight. It also finds use for lavatory anti-freezing applications in aircraft lavatory fluids.

 

latin america antifreeze market by segments

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

 

Market Segmentation

“Latin America Antifreeze Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Product Ethylene Glycol Based, Propylene Glycol Based, Glycerine Based, Others
Technology Organic Acid Technology Antifreeze (OAT), Hybrid Organic Acid Technology (HOAT), Inorganic Acid Technology Antifreeze (IAT)
Application Automobile, Heat Transfer and Cooling System, Aerospace, Others
Region Brazil, Mexico, Argentina, Chile, Others

 

Based on application, automobiles dominate the Latin America antifreeze market share, as the chemical is crucial for maintaining the ideal temperature inside a vehicle’s engine

In 2020, Latin American countries constituted 7% of the global new vehicle sales, showcasing one of the highest motorization growth rates globally. As of the year-end 2022, Latin America boasted 128 million cars and light trucks, with Brazil leading the Vehicles in Operation (VIO) count at 44 million. Mexico follows with 32 million, and Argentina has 14 million units.

 

Latin America witnessed the second-fastest global recovery in passenger air traffic, rebounding strongly from the COVID-19 pandemic with June 2022 figures just 14% below pre-crisis levels. The region's robust recovery is attributed to large domestic markets and fewer travel restrictions, outpacing the overall market growth.

 

With rising power densities in electronic systems, liquid cooling solutions gain traction for enhanced thermal management. The solutions, employing optimal cooling fluids, improve accuracy, performance, and safety while reducing downtime and maintenance costs, meeting environmental compliance standards in diverse applications such as R&D labs and diagnostic facilities.

 

Based on products, ethylene glycol holds a significant share of the Latin America antifreeze market

Ethylene glycol is considered a key ingredient for low-temperature hydronic systems where chillers and air handling units (AHUs) operate outdoors, or when equipment plays a vital role in low-temperature processes. The inclusion of ethylene glycol helps in reducing water’s freezing temperature, further enabling the lowering of operation temperature. Propylene glycol is being widely adopted to remove ice and other contaminants from aeroplanes in addition to its use as an ingredient in antifreeze products sold in supermarkets and garages.

 

Competitive Landscape

The market players are innovating in terms of offering premium quality and environmentally safe antifreeze products to meet the demand of eco-conscious customers

 

Company Founded Headquarters Services
TotalEnergies SE 1974 France Provides antifreeze solutions such as Coolelf Supra, and Glacelf Supra. The company also offers products for businesses such as aviation, batteries, bitumen, fuels etc.
Roux Industrial Group 1949 Mexico Offers antifreeze products under the brand name Straton. The other products offered include oil gasoline engines, oil diesel engines, differentials and manual transmission oils, automatic transmission oils, etc.
Chevron Corporation 1879 United States Provides Havoline Conventional Antifreeze/Coolant, Havoline Xtended Life Antifreeze/Coolant, Havoline Universal Antifreeze/Coolant, Chevron Delo ELC, Advanced Antifreeze/Coolant 50/50, etc.
Raloy Lubricantes, S.A. de C.V. 1980 Mexico Offers ANTI-FREEZE MX – Ready to Use Antifreeze RL, Antifreeze HD, automotive gasoline, automotive diesel.

 

Other notable players operating in the Latin America antifreeze market include Shell PLC, Dow Inc., PJSC Lukoil, and Motul S.A., among others.

 

latin america antifreeze market by region

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

 

Latin America Antifreeze Market Analysis by Country

Brazil holds a significant share in the Latin America antifreeze market due to the growing product demand for automobile and aerospace applications. This demand is supported by the growth of these industries in Brazil. In 2022, the Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA) reported that new vehicle sales in Brazil, including trucks and buses, accounted to 2.10 million vehicles. While in 2022, Brazil recorded 831,000 flights, marking a substantial increase from 2021, as reported by ANAC. Among these, domestic flights accounted for 731,000, while international flights reached 100,000, as per the Anuario do Transporte Aereo 2022.

 

Mexico is another important market for antifreeze in LATAM. In 2022, the Mexican light vehicle sales witnessed a 7.0% increase accounting for a volume of 1.08 million units. Mexico has 77 airports, with 45 serving as international commercial hubs. Grupo Aeroportuario del Centro Norte (OMA), a major airport operator, manages 13 airports in northern and central Mexico. In 2022, these airports accommodated 23.2 million passengers while in 2021 they managed 15.7 million passengers.

 

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
  • Glycerine Based
  • Others
Breakup by Technology
  • Organic Acid Technology Antifreeze (OAT)
  • Hybrid Organic Acid Technology (HOAT)
  • Inorganic Acid Technology Antifreeze (IAT)
Breakup by Application
  • Automobile
  • Heat Transfer and Cooling System
  • Aerospace
  • Others
Breakup by Region
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • 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
  • TotalEnergies SE
  • Roux Industrial Group
  • Chevron Corporation
  • Raloy Lubricantes, S.A. de C.V.
  • Shell PLC
  • Dow Inc.
  • PJSC Lukoil
  • Motul S.A.
  • Others

 

Our Top Selling Reports

HVAC Market

Toys Market

Lime Market

Urea Market

Bus Market

Tuna Market

Construction Market

Helium Market

Asphalt Market

Footwear Market

 

Latin America Antifreeze Market Report Snapshots

Latin America Antifreeze Market Size

Latin America Antifreeze Market Trends

Latin America Antifreeze Companies

Latin America Antifreeze Market Regional Analysis

 

*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    Market Snapshot
7    Opportunities and Challenges in the Market
8    Latin America Antifreeze Market Analysis

    8.1    Key Industry Highlights
    8.2    Latin America Antifreeze Historical Market (2018-2023) 
    8.3    Latin America Antifreeze Market Forecast (2024-2032)
    8.4    Latin America 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    Glycerine Based
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Latin America 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    Hybrid Organic Acid Technology (HOAT)
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Inorganic Acid Technology Antifreeze (IAT)
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Latin America 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    Heat Transfer and Cooling System
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Aerospace
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Latin America Antifreeze Market by Country
        8.7.1    Brazil
        8.7.2    Argentina
        8.7.3    Mexico
        8.7.4    Chile
        8.7.5    Others
9    Regional Analysis
    9.1    Brazil
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Argentina
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Mexico
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Chile
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
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    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    TotalEnergies SE
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Roux Industrial Group 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Chevron Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Raloy Lubricantes, S.A. de C.V.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Shell PLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6   Dow Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    PJSC Lukoil
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Motul S.A.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
13    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Latin America Antifreeze Market: Key Industry Highlights, 2018 and 2032
2.    Latin America Antifreeze Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Latin America Antifreeze Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Latin America Antifreeze Historical Market: Breakup by Technology (USD Million), 2018-2023
5.    Latin America Antifreeze Market Forecast: Breakup by Technology (USD Million), 2024-2032
6.    Latin America Antifreeze Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Latin America Antifreeze Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Latin America Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Latin America Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Latin America Antifreeze Market Structure

Key Questions Answered in the Report

The Latin America antifreeze market attained a value of USD 805.3 million in 2023.

The market is estimated to grow at a CAGR of 5.1% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,247.7 million by 2032.

The expansion of the automotive sector, rising sustainability concerns, and the growing aviation sector are fuelling the growth of the market.

The major regional markets are Brazil, Mexico, Argentina, and Chile, among others.

The technologies of antifreeze are organic acid technology antifreeze (OAT), hybrid organic acid technology (HOAT), and inorganic acid technology antifreeze (IAT).

Antifreeze finds application in automobile, heat transfer and cooling system, aerospace, and others.

The key players in the market include TotalEnergies SE, Roux Industrial Group, Chevron Corporation, Raloy Lubricantes, S.A. de C.V., Shell PLC, Dow Inc., PJSC Lukoil, and Motul S.A., among others.

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