Antifreeze/Coolant Market Report, By Technology (Inorganic Acid, Organic Acid, Hybrid Organic Acid), By Base Fluid (Ethylene Glycol, Propylene Glycol, Glycerine), By Application (Automotive, Industrial, Others) and Geography - Global Market Share, Trend Analysis & Forecast

Antifreeze which is also known as engine coolant is a coloured liquid which is combined with water to regulate engine during extreme temperature. It helps in maintaining operative temperature with change in environmental temperature from hot to cold. It regulates temperature along with maintaining proper fluid levels which also helps in preventing corrosion. Growing demand for coolants in aerospace industry for anti-icing and de-icing materials is likely to favour product demand. 

Antifreeze/ Coolant Market Trends 

• Growth in demand for bio based coolants such as glycerine as a greener alternative supported by high R&D investments in product innovation to produce coolant with 1,3 propanediol and glycerine will increase product demand 
• Rising application potential in construction and aerospace sectors will further accelerate product demand. It has wide application in HVAC systems for heat transfer application to prevent rigid enclosure bursting due to expansion when water freeze
• Increase in automobile sales has led to growth in vehicle productions which will escalate industry growth 

Antifreeze/Coolant Market COVID-19 Impact

COVID 19 has severe impact on automotive industry which is a major application for antifreeze coolant market. The industry suffers three dimensionally with demand shocks, supply chain disruptions and factory closures, thus reducing automotive production, thus negatively affecting antifreeze/coolant demand. The exclusive COVID 19 impact analysis report  provides a 3600 analysis of micro and macro-economic factors on medical aesthetic device market. In addition, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.

Antifreeze/Coolant Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa. 

Asia Pacific driven by India, Japan and China dominated antifreeze coolant market in 2019. Asia Pacific currently accounts for largest share in the market, and it is expected to continue its dominance for a few more years. Improving consumer spending power has triggered air traffic which will boost aircraft manufacturing and led to expansion of aerospace industry, thus driving antifreeze coolants demand in this region. Moreover, rising automobile production mainly in India and China supported by growth in on road vehicles positively favour industry growth. 

Antifreeze/Coolant Market Segmental Overview

• The report analyses the global antifreeze/coolant market based on technology Inorganic Acid, Organic Acid, Hybrid Organic Acid. Organic acid technology is extensively used in light and heavy duty vehicles where the corrosion inhibitors are completely neutralized by organic acids and azoles. It helps in increasing vehicle life span by over 5 years in light vehicles and over 6 years in heavy vehicles. These factors are likely to boost market size. 
• Various base fluid studied include ethylene glycol, propylene glycol, glycerine. 
• Furthermore, the major application considered in the study are automotive, industrial, others. 

Antifreeze/Coolant Market Competitor Analysis

The key players in the antifreeze/coolant market share are Royal Dutch Shell Plc, Bp Plc, Chevron Corporation, Exxonmobil Corporation, Total S.A., Lukoil, Petronas, BASF SE, Valvoline Inc., Cummins Inc., Motul S.A., Dow Inc., Huntsman Corporation, Sinopec Corporation, Evans Cooling Systems Inc. Kost USA, Inc. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.