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Latin America Antifreeze Market Size, Share, Research: By Product: Ethylene Glycol Based, Propylene Glycol Based, Glycerine Based, Others; By Technology: Organic Acid Technology Antifreeze (OAT), Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Antifreeze Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Antifreeze Historical Market (2018-2023)
8.3 Latin America Antifreeze Market Forecast (2024-2032)
8.4 Latin America Antifreeze Market by Product
8.4.1 Ethylene Glycol Based
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Propylene Glycol Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Glycerine Based
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Latin America Antifreeze Market by Technology
8.5.1 Organic Acid Technology Antifreeze (OAT)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hybrid Organic Acid Technology (HOAT)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Inorganic Acid Technology Antifreeze (IAT)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Latin America Antifreeze Market by Application
8.6.1 Automobile
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Heat Transfer and Cooling System
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Aerospace
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Latin America Antifreeze Market by Country
8.7.1 Brazil
8.7.2 Argentina
8.7.3 Mexico
8.7.4 Chile
8.7.5 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Argentina
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Chile
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 TotalEnergies SE
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Roux Industrial Group
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Chevron Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Raloy Lubricantes, S.A. de C.V.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Shell PLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Dow Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 PJSC Lukoil
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Motul S.A.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Key Trends and Developments in the Market
List of Figures and Tables
1. Latin America Antifreeze Market: Key Industry Highlights, 2018 and 2032
2. Latin America Antifreeze Historical Market: Breakup by Product (USD Million), 2018-2023
3. Latin America Antifreeze Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Latin America Antifreeze Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Latin America Antifreeze Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Latin America Antifreeze Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America Antifreeze Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America Antifreeze Historical Market: Breakup by Country (USD Million), 2018-2023
9. Latin America Antifreeze Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Latin America Antifreeze Market Structure
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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