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 Analysis by Region

Brazil holds a significant share in the Latin America antifreeze market due to the growing product demand for automobile and aerospace applications. This demand is supported by the growth of these industries in Brazil. In 2022, the Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA) reported that new vehicle sales in Brazil, including trucks and buses, accounted to 2.10 million vehicles. While in 2022, Brazil recorded 831,000 flights, marking a substantial increase from 2021, as reported by ANAC. Among these, domestic flights accounted for 731,000, while international flights reached 100,000, as per the Anuario do Transporte Aereo 2022.

 

Mexico is another important market for antifreeze in LATAM. In 2022, the Mexican light vehicle sales witnessed a 7.0% increase accounting for a volume of 1.08 million units. Mexico has 77 airports, with 45 serving as international commercial hubs. Grupo Aeroportuario del Centro Norte (OMA), a major airport operator, manages 13 airports in northern and central Mexico. In 2022, these airports accommodated 23.2 million passengers while in 2021 they managed 15.7 million passengers.

 

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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