Antifreeze Market size was valued at around USD 4.81 billion in 2020 and will exhibit a growth rate of over 7% CAGR from 2021 to 2027.
Antifreeze, commonly known as coolant, is primarily used in automobiles to change the freezing point of coolant (cold zone) and boiling point (hot zone) of coolant in the internal combustion of water-cooled engines. The purpose of coolant is to control the temperature of fluids and engine parts in all weather conditions. Antifreeze is a liquid chemical that lowers the freezing point of water. During cold weather, the temperature of the car’s cooling system, freezing of water causes serious damage to the radiator. Antifreeze substances are added to the water in the cooling system to prevent freezing in cold weather conditions.
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Market Segments
Antifreeze Market, By Product Type
• Ethylene Glycol
• Propylene Glycol
• Glycerin
Antifreeze Market, By Technology
• HOAT (Hybrid Organic Acid Technology)
• IAT (Inorganic Acid Technology)
• OAT (Organic Acid Technology)
Key Players
Some of the key manufacturers include in the antifreeze industry are Chevron Philips Chemical Co., Royal Dutch Shell, Kost USA, Total S.A., Exxon Mobil Corporation, Ashland Inc., PETRONAS, Castrol, BASF SE, Dow Chemicals, Sinopec Corporation, and DuPont.
Scope of the Report
The research study analyzes the global Antifreeze industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Antifreeze Market is available at: https://www.orionmarketreports.com/antifreeze-market/62420/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Antifreeze Market Report
1. What was the Antifreeze Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Antifreeze Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Antifreeze Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Antifreeze market.
- The market share of the global 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 Antifreeze market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Antifreeze market.
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