The Antifreeze/Coolant Global Market Report 2023, provides comprehensive information on the antifreeze/coolant market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Antifreeze/Coolant Global Market Report 2023, the global antifreeze/coolant market size is expected to grow from $5.39 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 4.68%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global antifreeze/coolant market size is expected to reach $6.60 billion in 2027 at a CAGR of 3.99%.
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Technological innovations are the key trends gaining popularity in the antifreeze/coolant market. Major market players are concentrating their efforts on creating innovative technologies such as state-of-the-art silicate organic acid technology (Si-OAT), NAP-free hybrid organic acid technology, and phosphate-free organic acid technology (P-OAT). For instance, in August 2021, Valvoline Inc., a US-based lubricants and automotive chemicals manufacturing company, launched new coolant technologies, Valvoline Antifreeze Coolant HT-12TM Green and Valvoline Antifreeze Coolant HT-12 Pink. This high-performance coolant, which contains mono-ethylene glycol Si-OAT technology and advanced performance additives, offers enhanced heat dissipation properties. It is designed to meet the specific requirements of modern, high-powered, compact engines, providing reliable protection against corrosion, overheating, and frost damage to the engine block cooling channels, radiator, and water pump.
The antifreeze/coolant market is segmented:
1) By Product: Propylene Glycol, Ethylene Glycol, Other Products
2) By Technology: Inorganic Additive Technology (IAT), Organic Acid Technology (OAT), Nitrite Organic Acid Technology (NOAT), Hybrid Organic Acid Technology (HOAT), Other Technologies
3) By Application: Industrial, Automobiles, Other Applications
Asia-Pacific was the largest region in the antifreeze/coolant market in 2022.
The table of contents in TBRC’s antifreeze/coolant market report includes:
- Executive Summary
- Antifreeze/Coolant Market Characteristics
- Antifreeze/Coolant Market Trends And Strategies
- Antifreeze/Coolant Market – Macro Economic Scenario
- Antifreeze/Coolant Market Size And Growth
.
- Antifreeze/Coolant Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Antifreeze/Coolant Market
- Antifreeze/Coolant Market Future Outlook and Potential Analysis
- Appendix
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