Market Overview:
The global automotive antifreeze market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.43% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 4.2 Billion |
Market Forecast in 2032
|
US$ 6.3 Billion |
Market Growth Rate (2024-2032) |
4.43% |
Automotive antifreeze is a colored liquid that is used as an additive along with water to maintain the temperature of the internal combustion engine (ICE). Ethylene glycol, propylene glycol, and glycerin are some commonly used automotive antifreeze fluids. They are produced through organic acid technology (OAT), inorganic additive technology (IAT), and hybrid organic acid technology (HOAT). Automotive antifreeze is widely used to regulate the engine during extreme weather conditions and protect it from corrosion. It acts by lowering the water’s freezing point and raising its boiling point, which, in turn, protects the engine from extensive damage, explosion, and overheating.
Automotive Antifreeze Market Trends:
The market is primarily being driven by significant growth in the automotive industry. Automotive antifreeze is widely used in passenger and commercial vehicles to maintain optimum fuel economy, reduce maintenance costs, prevent breakdowns, rust, and electrolysis, and extend the life of rubber and plastic components. Furthermore, the widespread utilization of heavy-duty antifreeze in construction equipment, such as bulldozers, excavators, harvesters, trenchers, and forklifts, is providing a considerable boost to market growth. Additionally, the introduction of environmental-friendly and bio-based antifreeze, such as glycerin that can be produced from corn, stover, and other oil-rich sources, is providing an impetus to market growth. Moreover, the rising demand for high-quality, technologically advanced additive supplements in antifreeze to improve the health and longevity of diesel engines by inhibiting corrosion and cavitation is creating a positive outlook for the market. Other factors, including the implementation of various government initiatives promoting the use of high-performance lubricants to reduce carbon footprints and extensive research and development (R&D) activities to engineer cost-effective and non-toxic product variants with extended life, are anticipated to drive the market toward growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive antifreeze market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on fluid type, technology, vehicle type and distribution channel.
Breakup by Fluid Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Ethylene Glycol
- Propylene Glycol
- Glycerine
Breakup by Technology:
- Inorganic Additive Technology (IAT)
- Organic Acid Technology (OAT)
- Hybrid Organic Acid Technology (HOAT)
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Construction Vehicle
Breakup by Distribution Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AMSOIL Inc., BP p.l.c., Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul S.A, Prestone Products Corporation, Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Fluid Type, Technology, Vehicle Type, Distribution Channel, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
AMSOIL Inc., BP p.l.c., Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul S.A, Prestone Products Corporation, Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |