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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Antifreeze Market Trends
Manufacturers in the antifreeze market are focusing on developing products with extended service life to meet the evolving needs of consumers and industrial sectors. With longer service life, antifreeze products require less frequent replacement, which translates to lower maintenance costs for vehicle owners and industrial operators. Longer-lasting antifreeze also reduces the frequency of disposal, which helps in minimising the environmental impact associated with the disposal of used antifreeze.
Morris Lubricants, a player in the antifreeze coolant market announced the upgradation of its Ultralife antifreeze coolants range in February 2024, increasing its coverage to meet 169 manufacturers' specifications and international standards. The new range is designed to cater to a broad range of vehicles used in various sectors and incorporates various additive chemistries to enhance the performance and longevity of cooling system components.
Antifreeze Market Report Snapshots
Antifreeze Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global antifreeze market attained a value of nearly USD 7.68 billion.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The increasing demand for passenger and commercial vehicles, growing investments in the automotive and manufacturing sector, and heightened application of antifreeze in the aerospace sector are the major market drivers.
The key trends guiding the market growth are rapid investments in the research and development of antifreeze manufacturing, the growing demand for high-performance vehicles, and technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products include ethylene glycol based, propylene glycol based, and glycerin based.
The various antifreeze technologies considered in the market report are organic acid technology antifreeze (OAT), inorganic acid technology antifreeze (IAT), and hybrid organic acid technology (HOAT).
The major application segments include automobile, aerospace, and industrial heat transfer and cooling system, among others.
The major players in the market are Royal Dutch Shell PLC, CCI Corporation, BASF SE, Old World Industries Inc., KMCO LLC, and Sonax GmbH, among others.
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