Bottom Article Ad

Thursday, February 10, 2022

Global Antifreeze Market To Be Driven By The Increasing Demand For Passenger And Commercial Vehicles In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Antifreeze Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global antifreeze market, assessing the market based on its segments like product, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents –

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 6.8%

The increasing population and the rising disposable income of consumers are expanding the passenger vehicles’ market, leading to more demand for antifreeze products. Furthermore, the Asia Pacific region not only holds a major share in the global antifreeze market but is also expected to grow at the fastest pace in the forecast period of 2022-2027. The growth of the Asia Pacific’s antifreeze market can be attributed to the increasing investments in the automotive and manufacturing sectors of the region. Furthermore, the growing demand for commercial vehicles like trucks further contributes to the antifreeze market’s growth.

Industry Definition and Major Segments

Antifreeze, also known as engine coolant, is a liquid that helps in regulating the engine of cars during extreme temperature. It a substance that lowers the freezing point of water and protects the system from the ill effects of ice formation. Antifreeze like ethylene glycol or propylene glycol are added to water in automobile cooling systems to prevent damage to radiators.

Read Full Report with Table of Contents –

The global antifreeze market has been segmented based on the product type:

• Ethylene Glycol Based
• Propylene Glycol Based
• Glycerin Based

The market has also been bifurcated based on the technology:

• Organic Acid Technology Antifreeze (OAT)
• Inorganic Acid Technology Antifreeze (IAT)
• Hybrid Organic Acid Technology (HOAT)

Antifreeze products finds its usage in several applications, namely:

• Automobile
• Aerospace
• Industrial Heat Transfer and Cooling System
• Others

The EMR report also provides an in-depth market analysis by dividing the market into regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

Market players are investing in R&D activities to launch new products and provide better solutions for the users of antifreeze products. For instance, Prestone Products Corporation launched a new line of antifreeze products that are specially produced for European and Asia cars. Old World Industries, LLC launched its PEAK high-performance antifreeze + coolant solution that can be used in all the models of the North American, Asia, and European passenger cars, motorcycles, light and medium duty trucks and SUVs. Such developments are supporting the growth of antifreeze market.

Key Market Players

The major players in the market are Royal Dutch Shell PLC, CCI Corporation, BASF SE, Old World Industries Inc., KMCO LLC, and Sonax GmbH. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

Related Reports:

Global Procurement as a Service Market:

Global Process Automation and Instrumentation Market:

Global Mobile Robotics Market:

Global Mobile Cardiac Telemetry System Market:

Global Mining Remanufacturing Components Market:

Also, Check Procurement Intelligence which provides you Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


Post a Comment