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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automotive Antifreeze Market Share
Ethylene glycol segment dominates due to its various properties and low cost
The ethylene glycol segment is expected to hold the largest market share during the forecast period because ethylene glycol is the most common antifreeze used in vehicles. It is a mixture of 50% ethylene glycol and 50% water, which provides excellent temperature stability, high boiling point, low freezing point, and good thermal conductivity and specific heat. This makes it the most economical antifreeze available today, which contributes to its dominant market share.
As per automotive antifreeze market analysis, the propylene glycol segment is growing at a slower rate than ethylene glycol due to its higher cost. However, propylene glycol is less toxic than ethylene glycol and is used in antifreeze solutions that are safer for the environment. It is also used in some diesel applications that require nitrate-free HD OAT coolant.
The glycerin segment is also witnessing growth as glycerin is a byproduct of biodiesel production and is used as a base fluid in some antifreeze coolants. However, its use is limited due to its higher cost and lower thermal conductivity but is gaining popularity as an eco-friendly alternative to traditional antifreeze fluids.
Inorganic additive technology is widely used in development of coolants as it aids in longer shelf life of engines by preventing corrosion
The inorganic additive technology (IAT) segment dominates the market due to its widespread use in traditional antifreeze coolants. IAT coolants use mineral or inorganic inhibitors such as phosphate, borate, silicate, nitrite, and nitrate to prevent corrosion and provide freeze and boil protection. These coolants are widely used in automotive and industrial applications due to their excellent heat transfer properties and low cost.
However, the organic acid technology (OAT) segment is expected to hold the largest automotive antifreeze market share due to its growing popularity and increasing adoption in the automotive industry. OAT coolants use organic corrosion inhibitors such as carboxylates to prevent corrosion and provide freeze and boil protection. These coolants are gaining popularity due to their non-toxic nature, biodegradable properties, and ability to meet stringent environmental regulations. The use of OAT coolants is becoming more widespread as manufacturers seek to reduce their environmental impact and comply with regulations.
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 2023, 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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 8.40 billion by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124