The Global Automotive Antifreeze Market industry generated $4.92 billion in 2019 and is expected to generate $6.01 billion by 2027, witnessing a CAGR of 7% from 2021 to 2027.
Antifreeze is an additive that helps manage the temperature of a vehicle engine by lowering the freezing point of the cooling system and increasing the boiling point. It can be developed from organic acids, inorganic salts, and azoles, or a combination of all three. Prevents rupture of rigid enclosures due to expansion. Initially, methanol was the main component of engine coolant as antifreeze and was widely used in windshield fluid, but later its use was gradually reduced due to the frequent replacement and corrosion of metals used in engines and cooling systems, especially aluminum, which required frequent replacement and corrosion. Methanol-based antifreeze is replaced by antifreeze based on ethylene glycol, which is less volatile and requires less replacement.
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A full report of the Global Automotive Antifreeze Market is available at: https://www.orionmarketreports.com/automotive-antifreeze-market/59254/
Market Segments
By Fluid Type
- Ethylene Glycol
- Propylene Glycol
- Glycerin
By Technology
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
By Application
- Passenger vehicle
- Commercial vehicle
- Construction vehicle
Key Players
- Castrol
- Chevron Corporation
- Exxon Mobil Corporation
- Halfords Group PLC.
- Motul
- Prestone Products Corporation
- Rock Oil Company LLC.
- Royal Dutch Shell PLC
- TOTAL SA
Scope of the Report
The research study analyzes the global Automotive Antifreeze industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Antifreeze Market Report
1. What was the Automotive Antifreeze Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automotive Antifreeze Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Antifreeze Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Antifreeze market.
- The market share of the global Automotive Antifreeze market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Antifreeze market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Antifreeze market.
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