Global Antifreeze Market Size, Trends, By Product Type (Glycerine, Propylene Glycol, Ethylene Glycol), By Vehicle Type (Passenger Cars, Low Commercial Vehicles, Heavy Commercial Vehicles), By Application (Automotive, Aerospace, Industrial heat transfer and Cooling Systems) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Antifreeze Market
With a CAGR of 4.06 % from 2023 to 2030, the Global Antifreeze Market is expected to grow from its estimated value of US$ 5.72 Bn in 2022 to US$ 8.32 Bn by 2030.
When it gets hot outside, your engine needs a liquid called antifreeze, commonly referred to as coolant, to help keep it running smoothly. Coolant is injected into the engine block to maintain a consistent operating temperature when the weather outside fluctuates from hot to cold. More than merely maintaining a steady temperature is what antifreeze accomplishes. Vehicles use antifreeze as an essential engine coolant to help control temperature. Antifreeze helps keep the engine and radiator's water from overheating in hot weather. At temperatures as high as 275 degrees Fahrenheit, it can operate with liquids.
Market Drivers
Vehicle performance and fuel efficiency have improved as a result of the introduction of high-performance lubrication as a result of increasing environmental laws to lower carbon footprints. High-performance lubricants are mixed with automotive antifreeze to prevent freezing, which prolongs engine life. The market for automotive antifreeze is anticipated to increase significantly as a result in the next years. Key market participants are concentrating on new product launch strategies and global growth to ensure market sustainability.
Long-term contact with automobile antifreeze can poison people and have hazardous effects on small animals. Governments in several nations are enforcing laws to counteract negative consequences that could endanger the environment by poisoning water supplies.
As a result, to meet the requirements set forth by various governmental authorities, producers in the automotive antifreeze market are adding bio-based antifreeze into a variety of lubricant compositions. Customers are gravitating towards bio-based automobile antifreeze since it is environmentally benign and biodegradable.
Market Restraints
nonetheless the development of coolants with long service lives and the rising trend of engine downsizing are limiting the market for antifreeze during the anticipated period, and the fluctuating price of raw materials combined with antifreeze recycling will pose a growth challenge.
Market Segmentation
The scope of the Global Antifreeze Market covers segmentation based on By Product Type, By Vehicle Type, By Application and By Region.
By Product Type, the market is segmented into Glycerine, Propylene Glycol, Ethylene Glycol. By Vehicle Type, the market is segmented into Passenger Cars, Low Commercial Vehicles, Heavy Commercial Vehicles. By Application, the market is segmented into Automotive, Aerospace, Industrial heat transfer and Cooling Systems
Regional Analysis
The Global Antifreeze Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due of the region's dominance in the antifreeze industry and the region's increasing demand for light trucks and cars, particularly in China and India.
Due to increased aerospace R&D spending and the existence of several market players in the region's developing nations, Europe is predicted to expand at a large rate.
Key Players
Valvoline Inc., Exxon Mobil Corporation, BASF SE, TotalEnergies, Chevron Corporation., Royal Dutch Shell plc, Prestone Products Corporation, Arteco, AMSOIL INC., Recochem Corporation.
Market Taxonomy
By Product Type
• Glycerine
• Propylene Glycol
• Ethylene Glycol
By Vehicle Type
• Passenger Cars
• Low Commercial Vehicles
• Heavy Commercial Vehicles
By Application
• Automotive
• Aerospace
• Industrial heat transfer
• Cooling Systems
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
lobal Antifreeze Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Antifreeze Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Antifreeze Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Antifreeze Market Share Analysis, By Product Type
5.3 Global Antifreeze Market Size and Forecast, By Product Type
5.3.1 Glycerine
5.3.2 Propylene Glycol
5.3.3 Ethylene Glycol
6 Global Antifreeze Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Antifreeze Market Share Analysis, By Vehicle Type
6.3 Global Antifreeze Market Size and Forecast, By Vehicle Type
6.3.1 Passenger Cars
6.3.2 Low Commercial Vehicles
6.3.3 Heavy Commercial Vehicles
7 Global Antifreeze Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Antifreeze Market Share Analysis, By Application
7.3 Global Antifreeze Market Size and Forecast, By Application
7.3.1 Automotive
7.2.2 Aerospace
7.2.3 Industrial heat transfer
7.2.4 Cooling Systems
8 Global Antifreeze Market, By Region
8.1 Global Antifreeze Market Share Analysis, By Region
8.2 Global Antifreeze Market Size and Forecast, By Region
8.3 Global Antifreeze Market Trends and Forecast, By Region
9 North America Antifreeze Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Antifreeze Market Share Analysis, By Product Type
9.3 North America Antifreeze Market Size and Forecast, By Vehicle Type
9.4 North America Antifreeze Market Size and Forecast, By Application
9.5 North America Antifreeze Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Product Type
9.5.1.2 Market Size and Forecast, By Vehicle Type
9.5.1.3. Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Product Type
9.5.2.2 Market Size and Forecast, By Vehicle Type
9.5.2.3. Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Product Type
9.5.3.2 Market Size and Forecast, By Vehicle Type
9.5.3.3. Market Size and Forecast, By Application
10 Europe Antifreeze Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Antifreeze Market Share Analysis, By Product Type
10.3 Europe Antifreeze Market Size and Forecast, By Vehicle Type
10.4 Europe Antifreeze Market Size and Forecast, By Application
10.5 Europe Antifreeze Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Product Type
10.5.1.2 Market Size and Forecast, By Vehicle Type
10.5.1.3. Market Size and Forecast, By Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Product Type
10.5.2.2 Market Size and Forecast, By Vehicle Type
10.5.2.3. Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Product Type
10.5.3.2 Market Size and Forecast, By Vehicle Type
10.5.3.3. Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Product Type
10.5.4.2 Market Size and Forecast, By Vehicle Type
10.5.4.3. Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Product Type
10.5.5.2 Market Size and Forecast, By Vehicle Type
10.5.5.3. Market Size and Forecast, By Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Product Type
10.5.6.2 Market Size and Forecast, By Vehicle Type
10.5.6.3. Market Size and Forecast, By Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Product Type
10.5.7.2 Market Size and Forecast, By Vehicle Type
10.5.7.3. Market Size and Forecast, By Application
11 Asia Pacific Antifreeze Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Antifreeze Market Share Analysis, By Product Type
11.3 Asia Pacific Antifreeze Market Size and Forecast, By Vehicle Type
11.4 Asia Pacific Antifreeze Market Size and Forecast, By Application
11.5 Asia Pacific Antifreeze Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Product Type
11.5.1.2 Market Size and Forecast, By Vehicle Type
11.5.1.3. Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Product Type
11.5.2.2 Market Size and Forecast, By Vehicle Type
11.5.2.3. Market Size and Forecast, By Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Product Type
11.5.3.2 Market Size and Forecast, By Vehicle Type
11.5.3.3. Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Product Type
11.5.4.2 Market Size and Forecast, By Vehicle Type
11.5.4.3. Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Product Type
11.5.5.2 Market Size and Forecast, By Vehicle Type
11.5.5.3. Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Product Type
11.5.6.2 Market Size and Forecast, By Vehicle Type
11.5.6.3. Market Size and Forecast, By Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Product Type
11.5.7.2 Market Size and Forecast, By Vehicle Type
11.5.7.3. Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Product Type
11.5.8.2 Market Size and Forecast, By Vehicle Type
11.5.8.3. Market Size and Forecast, By Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Product Type
11.5.9.2 Market Size and Forecast, By Vehicle Type
11.5.9.3. Market Size and Forecast, By Application
12 Latin America Antifreeze Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Antifreeze Market Share Analysis, By Product Type
12.3 Latin America Antifreeze Market Size and Forecast, By Vehicle Type
12.4 Latin America Antifreeze Market Size and Forecast, By Application
12.5 Latin America Antifreeze Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Product Type
12.5.1.2 Market Size and Forecast, By Vehicle Type
12.5.1.3. Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Product Type
12.5.2.2 Market Size and Forecast, By Vehicle Type
12.5.2.3. Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Product Type
12.5.3.2 Market Size and Forecast, By Vehicle Type
12.5.3.3. Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Product Type
12.5.4.2 Market Size and Forecast, By Vehicle Type
12.5.4.3. Market Size and Forecast, By Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Product Type
12.5.5.2 Market Size and Forecast, By Vehicle Type
12.5.5.3. Market Size and Forecast, By Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Product Type
12.5.6.2 Market Size and Forecast, By Vehicle Type
12.5.6.3. Market Size and Forecast, By Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Product Type
12.5.7.2 Market Size and Forecast, By Vehicle Type
12.5.7.3. Market Size and Forecast, By Application
13 Middle East Antifreeze Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Antifreeze Market Share Analysis, By Product Type
13.3 Middle East Antifreeze Market Size and Forecast, By Vehicle Type
13.4 Middle East Antifreeze Market Size and Forecast, By Application
13.5 Middle East Antifreeze Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Product Type
13.5.1.2 Market Size and Forecast, By Vehicle Type
13.5.1.3. Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Product Type
13.5.2.2 Market Size and Forecast, By Vehicle Type
13.5.2.3. Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Product Type
13.5.3.2 Market Size and Forecast, By Vehicle Type
13.5.3.3. Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Product Type
13.5.4.2 Market Size and Forecast, By Vehicle Type
13.5.4.3. Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Product Type
13.5.5.2 Market Size and Forecast, By Vehicle Type
13.5.5.3 Market Size and Forecast, By Application
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Product Type
13.5.6.2 Market Size and Forecast, By Vehicle Type
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Valvoline Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Exxon Mobil Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. BASF SE
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 TotalEnergies
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Chevron Corporation.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Royal Dutch Shell plc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Prestone Products Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Arteco
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 AMSOIL INC
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Recochem Corporation.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
