Global Automotive Antifreeze Market Overview:
Automotive antifreeze is an additive that can modify the freezing and boiling points of the coolant in internal combustion engines that use water cooling. It protects the system from the ill effects of ice formation. Antifreeze such as ethylene glycol or propylene glycol commonly added to water in automobile cooling systems prevents damage to radiators. The primary function of these additives is to prevent the liquid coolant from freezing, which can cause extensive damage to the engine. It performs two primary functions including lowering of the freezing point of coolant and raising the boiling point of the coolant.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Production of the Vehicles Leads into Demand for Automotive Antifreeze
Market Growth Drivers:
High Demand for Construction Equipment
Challenges:
Recycling Of Engine Coolant and Antifreeze
Restraints:
Antifreeze Toxicity Is a Concern Due To the Widespread Use of Ethylene Glycol and Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand for Bio-Based Antifreeze and Growing Automobile Industry
Competitive Landscape:
The global market for automotive antifreeze is highly fragmented owing to the presence of a several global players and local manufacturers in different parts of the world. Various local manufacturers are present mostly in the Asia Pacific and North America. Continuous efforts of the manufacturers to differentiate themselves in the market have resulted in the expansion of their product portfolio, thereby fueling the market growth.
Some of the key players profiled in the report are Castrol (United Kingdom), Royal Dutch Shell PLC (Netherlands), Total (France), Chevron Corporation (United States), BP PLC (United Kingdom), Nissan (Japan), Exxon Mobil Corporation (United States), Ford Motor Company (United States), Honda (Japan) and Halfords Group PLC. (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Rock Oil Company LLC (United States), Valvoline Inc. (United States) and Sinopec (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Automotive Antifreeze market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. OEM will boost the Automotive Antifreeze market.
Latest Market Insights:
In June 2018, ExxonMobil Corporation has acquired PT Federal Karyatama (FKT). It is leading manufacturer of motorcycle lubricants. Company has acquired the manufacturing plant of PT Federal Karyatama (FKT) which is located at Cilegon, Indonesia. This strategic initiative has strengthen the company’s present lubricant portfolio and enhance its presence in the agumenting Indonesian market.
In July 2021, Castrol launched an advanced 'direct' battery e-thermal fluid that can charge future generations of EVs faster and deliver improved performance, protection, and sustainability.
What Can be Explored with the Automotive Antifreeze Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Antifreeze Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Antifreeze
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Antifreeze market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Antifreeze market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Antifreeze Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.