Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- The "Antifreeze/Coolant Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This reportprovides strategists, marketers and senior management with the critical information they need to assess the market.
The global antifreeze/coolant market is expected to grow from $5.39 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 4.68%. The market is expected to reach $6.60 billion in 2027 at a CAGR of 3.99%.
Major players in the antifreeze/coolant market are BP PLC, BASF SE, Cummins Inc., Exxon Mobil Corporation, PJSC Lukoil Oil Company, Motul SA, Royal Dutch Shell PLC, Total SA, Chevron Corporation, Old World Industries LLC, Prestone Products Corporation, Recochem Corporation, Amsoil Inc., Arteco NV, and Carl Bechem Lubricants India Private Limited.
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Antifreeze or coolant is a fluid mixture of chemicals such as ethylene glycol or propylene glycol. These are used in internal combustion engines to regulate the engine temperature and prevent it from overheating or freezing.
The main product types of antifreeze/coolant include propylene glycol, ethylene glycol and other products. Propylene glycol refers to a synthetic liquid that is derived from propylene oxide. They are applied using various technologies such as inorganic additive technology (IAT), organic acid technology (OAT), nitrite organic acid technology (NOAT), hybrid organic acid technology (HOAT) and other technologies for applications in industrial, automobiles and other applications.
Technological innovations are the key trends gaining popularity in the antifreeze/coolant market. Major market players are concentrating their efforts on creating innovative technologies such as state-of-the-art silicate organic acid technology (Si-OAT), NAP-free hybrid organic acid technology, and phosphate-free organic acid technology (P-OAT).
Asia-Pacific was the largest region in the antifreeze/coolant market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the antifreeze/coolant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the antifreeze/coolant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Increasing vehicle production is expected to propel the antifreeze/coolant market going forward. Vehicle production refers to the production of passenger cars, light trucks, and utility vehicles, such as minivans, pickup trucks, and sport utility vehicles. Antifreeze or coolant helps to regulate engine temperature, prevent freezing or overheating, and protect against rust or corrosion.
For instance, in May 2022, according to an article published by CEIC Data, a US-based provider of macro and micro economic data insights, in the USA, 9.2 million units of motor vehicles were produced in December 2021, a rise from 8.8 million units in December 2020. Therefore, increasing vehicle production is driving the antifreeze/coolant market.
The antifreeze/coolant market consists of sales of sorbitol, calcium chloride, and sodium chloride. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $5.64 billion |
| Forecasted Market Value (USD) by 2027 | $6.6 billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Antifreeze/Coolant Market Characteristics
3. Antifreeze/Coolant Market Trends And Strategies
4. Antifreeze/Coolant Market - Macro Economic Scenario
4.1. COVID-19 Impact On Antifreeze/Coolant Market
4.2. Ukraine-Russia War Impact On Antifreeze/Coolant Market
4.3. Impact Of High Inflation On Antifreeze/Coolant Market
5. Antifreeze/Coolant Market Size And Growth
5.1. Global Antifreeze/Coolant Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Antifreeze/Coolant Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Antifreeze/Coolant Market Segmentation
6.1. Global Antifreeze/Coolant Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Propylene Glycol
- Ethylene Glycol
- Other Products
6.2. Global Antifreeze/Coolant Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Nitrite Organic Acid Technology (NOAT)
- Hybrid Organic Acid Technology (HOAT)
- Other Technologies
6.3. Global Antifreeze/Coolant Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Industrial
- Automobiles
- Other Applications
7. Antifreeze/Coolant Market Regional And Country Analysis
7.1. Global Antifreeze/Coolant Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Antifreeze/Coolant Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/fa5cwg
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