Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Automotive Antifreeze Market Trends

The growth in the market for automotive antifreeze can be attributed to the rising demand for high performance vehicles. In addition, several auto racing competitions, like the Formula 1, is positively influencing the market demand for high-performance, heavy vehicles. Car coolants are a primary component to regulate the excessive heat produced by the powerful engine over fast speeds and is necessary for maintaining the long life of these vehicles.

 

Moreover, regulatory bodies like American Society for Testing and Materials (ASTM) have established standards, such as D1384 for corrosion protection in coolants and antifreeze, which has led to introduction of bio-based products in automotive antifreeze market. In addition, with the ease in availability of materials like ethylene glycol and glycerine, new companies are emerging as potential sellers of automobile antifreeze solutions, thereby further bolstering the market’s 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 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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