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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; Industry Events and Developments; 2024-2032

Latin America Antifreeze Market Outlook

The Latin America antifreeze market size reached a value of USD 805.3 million in 2023. 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 1,247.7 million by 2032.

 

latin america antifreeze market

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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

 

latin america antifreeze market by segments

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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
  • Chevron Corporation
  • Raloy Lubricantes, S.A. de C.V.
  • Dow Inc.
  • PJSC Lukoil
  • Motul S.A.
  • 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.

 

latin america antifreeze market by region

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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.

 

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
  • Porter's Five Forces
  • 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
  • Shell plc
  • TotalEnergies
  • Roux Industrial Grupo
  • Chevron Corporation
  • Raloy Lubricantes, S.A. de C.V.
  • Dow Inc.
  • PJSC Lukoil
  • Motul S.A.
  • Others

 

*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    Shell plc
            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    TotalEnergies 
            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    Roux Industrial Grupo
            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    Chevron Corporation
            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    Raloy Lubricantes, S.A. de C.V.
            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

In 2023, the market attained a value of nearly USD 805.3 million.

The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.

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

The major drivers of the market include the rising consumer spending power, rising living standards, increased industrialisation, and expansion of mining operations.

The expansion of the automotive industry and an increase in construction activity are the key industry trends aiding the growth of the market.

The major regions in the antifreeze market are Brazil, Argentina, Mexico, and Chile, among others.

The various products in the market are ethylene glycol based, propylene glycol based, and glycerine based, among others.

Based on technology, the market is divided into organic acid technology antifreeze (OAT), inorganic acid technology antifreeze (IAT), and hybrid organic acid technology (HOAT).

The major applications of the market are automobile, heat transfer and cooling system, and aerospace, among others.

A coloured liquid called antifreeze, often known as engine coolant, is combined with water to assist regulate your engine during extremely hot conditions. Coolant is injected throughout the engine block to maintain a consistent operating temperature when the weather outside fluctuates from hot to cold.

The key players in the industry are Shell plc, TotalEnergies, Roux Industrial Grupo, Chevron Corporation, Raloy Lubricantes, S.A. de C.V., Dow Inc., PJSC Lukoil, and Motul S.A., among others.

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