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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automotive Antifreeze Market Growth
Automotive antifreeze is a coloured liquid that is mixed with water to help regulate the temperature of the vehicle within a specified range. It is used to regulate the engine during extreme weather conditions and prevent corrosion.
The key drivers aiding the automotive antifreeze market expansion are the increasing vehicle production, especially in the passenger and commercial cars segments, as well as the growing demand for trucks and buses in countries like India. As per industry reports, commercial vehicle sales in India experienced a marginal growth in FY24, reaching 97 lakh units. Additionally, the rising awareness of the importance of engine maintenance and temperature control in vehicles is also driving demand. Environmental concerns and regulations are also prompting manufacturers to develop eco-friendly and long-lasting antifreeze solutions, which is expected to contribute to the market's steady growth.
Automotive Antifreeze Market Report Snapshots
Automotive Antifreeze Market Size
Automotive Antifreeze Market Growth
Automotive Antifreeze Market Trends
Automotive Antifreeze Market Share
Automotive Antifreeze Manufacturers
Automotive 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 2024, the automotive antifreeze market reached an approximate value of USD 4.26 billion.
The market is expected to grow at a CAGR of 7.8% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to USD 8.40 billion by 2034.
The major drivers of the market include the easy availability of automotive antifreeze, growing automotive industries, and the rising demand for high performance vehicles.
Key trends aiding market expansion include the rise in demand for personal vehicles in colder climates, development of bio-based coolants, and the flourishing chemical industry.
Regions considered in the automotive antifreeze market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading fluid types in the market are ethylene glycol, propylene glycol, and glycerine.
The major technologies in the market are inorganic additive technology (IAT), organic acid technology (OAT), and hybrid organic acid technology (HOAT).
The significant applications include passenger vehicle, commercial vehicle, and construction vehicle.
Key players in the market are Castrol Limited, Halfords Group PLC, Chevron Corporation, Exxon Mobil Corporation, Motul, and Prestone Products Corporation, among others.
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