Antifreeze industry analysis research and trends report for 2017- 2024

Antifreeze Market size is likely to witness significant gains over the foreseeable timeframe owing to growing automotive sector accompanied with increased usage of product in heat transfer applications. It is used in low temperature and adverse weather condition zones to prevent engines from freezing. 

Global vehicle production surpassed 100 million units in 2016 and may exceed 140 million units by 2024, registering over 4% growth. Positive application outlook in the automotive industry will drive antifreeze market size and may grow at a significant rate over the forecast timeframe. Increasing product usage in heating, ventilation and cooling (HVAC) for industrial and automotive sector may propel industry growth.

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The product is mainly used in automotive to prevent freezing and protect from corrosion. It is designed to remove excess heat from IC engine, for vehicles to operate in an efficient manner. Superior characteristics such as lubricating the cooling system and keeping the cooling water from boiling in summer and freezing in winter, may drive antifreeze market demand.

Ethylene glycol based antifreeze are used in hydraulic brakes, prevention of radiator overheating, and protecting radiator against freezing. Higher demand for ethylene glycol in heating & cooling systems as heat conductor and increased usage in de-icing will further propel industry growth. 

Economical prices, superior thermal properties and stringent regulations pertaining to replacement of toxic compounds will drive propylene glycol based antifreeze market size. Propylene glycol has excellent heat transfer properties and is non-toxic, cost-effective and highly compatible compared to its counterparts, thereby stimulating product demand.

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Hybrid organic acid technology (HOAT) is designed for usage in light & heavy-duty diesel applications and automotive. HOAT is used as factory fill by automotive OEM’s including BMW, Mercedes, Volvo and Mini Cooper owing to its excellent coolant to coolant compatibility. Technological advancements and superior properties such as excellent wet sleeve liner cavitation protection and good high temperature aluminium performance should trigger antifreeze market growth. 

Increasing application outlook in aerospace and construction industries will boost product demand. Growing demand for antifreeze in various commercial and industrial equipment owing to good thermal stability and low viscosity will influence industry growth. Strong investments in aerospace R&D and presence of major players in France, UK, Poland and Germany along with rise in passenger travel demand and acceleration in equipment replacement cycle will stimulate aerospace market size, resulting into high product demand.

North America driven by the U.S. antifreeze market size should register significant gains owing to rise in construction, defence, automotive and aerospace sectors. Strict norms regarding replacement of toxic compounds along with increasing production of light & heavy-duty commercial vehicles should stimulate regional industry growth. Increasing product demand owing to adverse cold weather conditions coupled with availability of raw materials including propylene glycol, ethylene glycol, and glycerine will propel industry growth.

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Asia Pacific, led by India, Japan and China antifreeze market size may grow significantly over the projected period. Rise in demand for light commercial vehicles and passenger cars along with improved standard of living and rise in disposable income should promote regional industry growth. 

Europe antifreeze market size, led by France, UK and Germany may register significant growth over the foreseeable timeframe owing to increase in automotive production and construction business. Automotive giants such as BMW, Mercedes and Volvo are based in Europe, use HOAT technology in their vehicles, resulting into increased product demand. Crawler excavators are used in construction, agriculture and mining. Growth in housing sector is a boom for construction business in the region, thereby promoting business growth.

Global antifreeze market share is moderately concentrated and competitive with key industry players including Royal Dutch Shell, BASF, BP, Exxon Mobil, Amsoil, DOW Chemicals, Chevron, Old World Industries, Prestone, and Total. Most of the manufacturers are investing in R&D and expanding their manufacturing capacity to strengthen its regional presence.

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