Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Middle East & Africa Antifreeze Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Coolant Type, Technology, Application, and Country" report has been added to ResearchAndMarkets.com's offering.
The Middle East & African antifreeze market size is projected to reach US$ 454.79 million by 2031 from US$ 292.48 million in 2023; the market is expected to register a CAGR of 5.7% during 2023-2031.
The antifreeze market in the Middle East and Africa is witnessing notable growth driven by increasing automotive production, rising temperatures, and a growing emphasis on vehicle maintenance. As countries in the region invest in infrastructure development and urbanization, the demand for efficient cooling solutions in vehicles and industrial machinery has surged. The major factors driving the Middle East and Africa antifreeze market are the strong presence of the automotive industry and growing demand from the industrial sector, along with the increasing passenger vehicle production and rising middle-class incomes.
Based on the coolant type, the Middle East and Africa antifreeze market is segmented into ethylene glycol, propylene glycol, glycerin, and others. The ethylene glycol segment accounted for the largest Middle East and Africa antifreeze market share in 2023. Ethylene glycol is an alcohol-based organic compound commonly used as an anti-freezing agent in HVAC equipment, vehicle systems, and other applications. It is an odorless, colorless, and viscous liquid. Ethylene glycol possesses high heat transfer capabilities and is commonly used in various commercial and industrial applications, including antifreeze and coolant.
Based on technology, the Middle East and Africa antifreeze market is segmented into inorganic additive technology, organic acid technology, hybrid organic acid technology, and others. The organic acid technology segment accounted for the largest Middle East and Africa antifreeze market share in 2023. Organic acid technology (OAT) coolants use carboxylic acids as the main inhibitors. During the heating process, carboxylic acids form carboxylates and these compounds deplete far more slowly as compared to the inorganic counterparts. They also help in preventing corrosion effectively. All these advantages of organic acid technology coolants have made them a popular choice for most vehicles across the globe.
Based on the application, the Middle East and Africa antifreeze market is segmented into automotive (passenger cars, light commercial vehicles, heavy duty vehicles, and two wheelers), industrial heating or cooling, energy, food processing, and others. The automotive segment accounted for the largest Middle East and Africa antifreeze market share in 2023. Automotive is one of the major application areas of antifreeze (coolant). Antifreeze is used as an engine coolant in cars, trucks, and buses. It is used in car engines to prevent the engine's cooling system from freezing and overheating.
A few of the key players in the Middle East & Africa antifreeze market include SA Polichem, Valvoline Inc, Shell Plc, Castrol Ltd, Chevron Corp, Exxon Mobil Corp, TotalEnergies SE, Solventis Ltd, BASF SE, and Armor Lubricants. Players operating in the market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, collaborations, and others in order to stay competitive in the market. For instance, in 2023, BASF introduced its GLYSANTIN engine coolants into the Nigerian market.
The coolants offer a unique combination of German premium quality and multiple protection features, making them suitable for a versatile range of applications in various sectors. In 2022, Valvoline, a leading global lubricant manufacturer, launched a glycol-based full-antifreeze coolant. The new Valvoline advanced coolant supports all cars and commercial vehicles and provides a 5-year or up to 500,000 km drain interval.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 211 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value (USD) in 2023 | $292.48 Million |
| Forecasted Market Value (USD) by 2031 | $454.79 Million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Africa, Global, Middle East |
Key Topics Covered:
1. Introduction
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
4. Middle East and Africa Antifreeze Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
5. Middle East and Africa Antifreeze Market - Key Market Dynamics
5.1 Middle East and Africa Antifreeze Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Strong Growth of Automotive Industry
5.2.2 Rising Demand from Industrial Sector
5.3 Market Restraints
5.3.1 Volatility in Raw Material Prices
5.4 Market Opportunities
5.4.1 Growth of Solar Energy Sector
5.5 Future Trends
5.5.1 Environment-Friendly and Bio-Based Antifreeze
5.6 Impact Analysis
6. Middle East and Africa Antifreeze Market Analysis
6.1 Middle East and Africa Antifreeze Market Volume (Thousand Gallons), 2018-2031
6.2 Middle East and Africa Antifreeze Market Volume Forecast and Analysis (Thousand Gallons)
6.3 Middle East and Africa Antifreeze Market Revenue (US$ Million), 2023-2031
6.4 Middle East and Africa Antifreeze Market Forecast and Analysis (US$ Million)
7. Middle East and Africa Antifreeze Market Volume and Revenue Analysis - by Coolant Type
7.1 Ethylene Glycol
7.2 Propylene Glycol
7.3 Glycerin
7.4 Others
8. Middle East and Africa Antifreeze Market Revenue Analysis - by Technology
8.1 Inorganic Additive Technology
8.2 Organic Acid Technology
8.3 Hybrid Organic Acid Technology
8.4 Others
9. Middle East and Africa Antifreeze Market Revenue Analysis - by Application
9.1 Automotive
9.1.3 Passenger Cars
9.1.4 Light Commercial Vehicles
9.1.5 Heavy Duty Vehicles
9.1.6 Two Wheelers
9.2 Industrial Heating or Cooling
9.3 Energy
9.4 Food Processing
9.5 Others
10. Middle East and Africa Antifreeze Market Revenue Analysis - by Distribution Channel
10.1 Original Equipment Manufacturers (OEMs)
10.2 Aftermarket
10.3 Retail and Others
11. Middle East and Africa Antifreeze Market - Country Analysis
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Mergers and Acquisitions
13.3 Product Launch
13.4 Expansions and Other Strategic Developments
14. Company Profiles
- SA Polichem
- Valvoline
- Shell
- Castrol
- Chevron Corp
- Exxon Mobil Corp
- TotalEnergies
- Solventis
- BASF
- Armor Lubricants
For more information about this report visit https://www.researchandmarkets.com/r/j8blb4
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