Automotive Antifreeze Market is expected to rise at a considerable CAGR during the forecast period from 2021 to 2027. Increasing vehicle production, and recent growing trend in trucks & buses segment are the major factors fueling the demand for the Automotive Antifreeze market. Additionally, the increase in commercial vehicles and the growing miles travelled per year are other factors driving the growth of the market. Antifreeze is an additive that helps manage the temperature of a vehicle engine by lowering the freezing point of the cooling system and increasing the boiling point. It can be developed from organic acids, inorganic salts, and azoles, or a combination of all three. Prevents rupture of rigid enclosures due to expansion.
Initially, methanol was the main component of engine coolant as antifreeze and was widely used in windshield fluid, but later its use was gradually reduced due to the frequent replacement and corrosion of metals used in engines and cooling systems, especially aluminum, which required frequent replacement and corrosion. Methanol-based antifreeze is replaced by antifreeze based on ethylene glycol, which is less volatile and requires less replacement. The key players operating in the Automotive Antifreeze market includes Castrol, Chevron Corporation, Exxon Mobil Corporation, Halfords Group PLC., Motul, Prestone Products Corporation, Rock Oil Company LLC., Royal Dutch Shell PLC, and TOTAL SA among others.
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A full report of Global Automotive Antifreeze Market is available at: https://www.orionmarketreports.com/automotive-antifreeze-market/59254/
The following Segmentation are covered in this report:
By Fluid Type
- Ethylene Glycol
- Propylene Glycol
- Glycerin
By Technology
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
By Application
- Passenger vehicle
- Commercial vehicle
- Construction vehicle
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Antifreeze Market.
- The market share of the global Automotive Antifreeze Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Antifreeze Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Antifreeze Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
