Report Overview

The Latin America antifreeze market size was around USD 805.3 million in 2023. The market is estimated to grow at a CAGR of 5.1% during 2024-2032 to reach a value of USD 1,247.7 million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Antifreeze Market Trends

Rising environmental consciousness is increasing the demand for eco-friendly products. Manufacturers can capitalise on this opportunity by substituting petroleum feedstocks with sustainably harvested renewable and biological feedstocks. Additionally, they can manufacture products free of persistent synthetic compounds, such as additives.

 

With the number of vehicles in operation rising, there is a greater demand for tires, spare parts, and car chemicals, including antifreeze. In Mexico, there are around 34 million units in operation and the average age of vehicles is 16.1 years. The average vehicle age has continued to grow in Latin America and some vehicles are the oldest globally, which adds to the demand for car chemicals like antifreeze.

 

According to the Federal Aviation Administration (FAA), the Latin American aviation sector is expected to grow by 4.5% per year by 2034. Antifreeze finds use in the de-icing of aircraft during the flight. It also finds use for lavatory anti-freezing applications in aircraft lavatory fluids.

 

Latin America Antifreeze Market Report Snapshots

Latin America Antifreeze Market Size

Latin America Antifreeze Market Trends

Latin America Antifreeze Companies

Latin America 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

The Latin America antifreeze market attained a value of USD 805.3 million in 2023.

The market is estimated to grow at a CAGR of 5.1% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,247.7 million by 2032.

The expansion of the automotive sector, rising sustainability concerns, and the growing aviation sector are fuelling the growth of the market.

The major regional markets are Brazil, Mexico, Argentina, and Chile, among others.

The technologies of antifreeze are organic acid technology antifreeze (OAT), hybrid organic acid technology (HOAT), and inorganic acid technology antifreeze (IAT).

Antifreeze finds application in automobile, heat transfer and cooling system, aerospace, and others.

The key players in the market include TotalEnergies SE, Roux Industrial Group, Chevron Corporation, Raloy Lubricantes, S.A. de C.V., Shell PLC, Dow Inc., PJSC Lukoil, and Motul S.A., among others.

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