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; Industry Events and Developments; 2023-2028

Latin America Antifreeze Market Outlook

The Latin America antifreeze market size reached a value of USD 737.44 million in 2021. During the forecast period of 2023 and 2028, the market is expected to grow at a CAGR of 5.1% to reach a value of around USD 995.39 million by 2027.

News and Developments in the Global Antifreeze Market

In 2021, Castrol introduced an advanced new ‘direct’ battery e-thermal fluid, Castrol ON , enabling future generations of electric vehicles to charge faster and provide enhanced performance, sustainability, and protection.

In September 2019, the high-performance, extended life antifreeze and coolant, PEAK antifreeze + coolant, was introduced, according to PEAK . The product offers lifetime corrosion protection because it is constructed of scale-fighting inhibitors and organic acid corrosion inhibitors. The availability of PEAK Original Equipment Technology Antifreeze + Coolant, which is now sold in more than 30 retailers and is available in AutoZone, Advance Auto, and Pep Boys, has recently increased in conjunction with the introduction of new PEAK Antifreeze + Coolant. This is expected to aid the Latin American antifreeze market.

Industrialisation, Expansion of Automotive Industry, and Construction Activities are Responsible for Driving the Market Growth

Antifreeze is a liquid additive that is mostly used in mechanical equipment and helps to change the boiling and freezing points of any water-based liquid. These are used to prevent any heat transfer liquid from freezing in below-freezing situations. For example, antifreeze serves as a coolant in the automotive sector to prevent overheating engines temperature by raising the boiling point of the water-based liquid in the engine.

• The region's demand for antifreeze is anticipated to rise because of a number of factors, including rising consumer spending power, rising living standards, and increased industrialisation.

• The expansion of the automotive industry as a result of the region's rising demand for automobiles is one of the key Latin American antifreeze market trends.

• An increase in construction activity is helping the antifreeze industry in the region flourish. In addition to these factors, the expansion of mining operations and research and development activities by manufacturers are accelerating the market development of antifreeze in Latin America.

Latin America Antifreeze Market Analysis

The various products in the market are ethylene glycol based, propylene glycol based, and glycerine based, among others. Based on technology, the market can be segmented into organic acid technology antifreeze (OAT), hybrid organic acid technology (HOAT), and inorganic acid technology antifreeze (IAT). The major applications of the market are automobile, heat transfer and cooling system, and aerospace, among others. The major countries for antifreeze market can be divided into Brazil, Argentina, Mexico, and Chile, among others.

The comprehensive EMR report provides an in-depth assessment of the market which is based on the Porter's five forces model and also gives a SWOT analysis. The report gives a detailed analysis of the following leading companies in the Latin America antifreeze market, covering their competitive landscape and latest developments like mergers, acquisitions, expansion, and investments plans.

• Shell plc

• TotalEnergies

• Roux Industrial Grupo

• Prestone Products Corporation

• Others

Ethylene Glycol to Account for a Substantial Share of the Latin America Antifreeze Market

During the projected period, ethylene glycol-based antifreeze is anticipated to hold a major share in the market. The market demand is likely to be aided by the growing use of ethylene glycol in hydraulic brakes, radiator freezing protection, radiator overheating prevention, and dicing. The market is also anticipated to increase as a result of rising utilisation as a heat conductor in heating and cooling systems.

Additionally, it is utilised as an industrial coolant in air conditioning, ventilation, and gas compressors. Its use in numerous industrial applications is further increased by other variables like its cost-effectiveness and adaptability to all climates, which is anticipated to positively support the Latin America antifreeze market growth.

Increasing Demand for Antifreeze in Automobile Industry to Boost the Market Growth

In the automobile sector, antifreeze is frequently used to maintain the ideal temperature inside the engine of a vehicle by minimising the excess heat that is produced while it is running and preventing serious damage to its internal components. According to Latin America antifreeze market forecast, the product is appropriate for automotive applications due to its chemical inertness, superior thermal capacity, low viscosity, non-toxic characteristics, and anti-corrosive properties.

Additionally, the rising per capita income and higher living standards across many nations are increasing the passenger car sales. As a result, the demand for engine coolant and antifreeze is rising along with the sales and manufacture of passenger cars.

Competitive Landscape

Shell plc is a global company specialising in chemical manufacturing and marketing, along with in refining, exploration, production, and selling of oil and natural gas.

TotalEnergies is a fully integrated, multi-energy corporation that produces energy from renewable sources, green gases, oil, and biofuels. Oil and gas production, processing, shipping, drilling, refining, petrochemical manufacture, storage and distribution of the petroleum products and speciality chemicals is carried out by this company. It works in the field of renewable energy and engages in gas trading and power generating.

Roux Industrial Grupo produces, markets, and distributes petroleum derivative products of the highest quality to fully satisfy its clients and benefit all of the company's stakeholders.

Prestone Products Corporation provide worry-free vehicle performance owing to its innovative and efficient solutions. Its patented technique offers immediate protection for both new and old engines, optimises engine temperature, prevents freezing, and shields components from corrosion and buildup. This is likely to aid the market development.

Key Highlights of the Report

*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.