In a recent published report, Kenneth Research has updated the market report for Antifreeze Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Antifreeze Market products.
The antifreeze market is estimated to represent a global market of USD 5.21 billion by 2017 with growth rate of 5.1%.
Antifreeze market has been segmented based on product, technology, application and region. Key products include ethylene glycol, propylene glycol and glycerin. Ethylene glycols are organic compounds which are mainly used for two purposes, as a raw material for manufacturing polyester fibers and as antifreeze agents. Ethylene glycols are colorless, odorless and sweet tasting. Propylene glycols are synthetic organic compounds which mainly finds application in food processing and as a process fluid in low temperature heat exchange applications. Propylene glycols are faintly sweet tasting viscous colorless liquids and are nearly odorless.
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Based on technology antifreeze are classified into organic, inorganic and hybrid organic acid technology antifreeze. Organic Acid Technology antifreeze exhibits anti corrosive characteristics and are based on fully organic acids and neutralized azoles. These coolants are amine, silicate, nitrite, borate and phosphate free and find application in automotive, light duty and heavy-duty diesel applications. Hybrid Organic Acid Technology antifreeze or HOAT are hybrids containing ingredients from OAT ethylene glycol types and traditional ethylene glycols containing nitrites. HOAT finds application in light duty and heavy-duty systems. IAT are typically a coolant corrosion inhibitor package which contain additives including nitrate, nitrite, silicate, borate, phosphate and molybdates.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Key applications of antifreeze include automotive OEM, industrial heating and cooling systems and aerospace. Antifreeze products finds application in automotive OEM including passenger cars, light commercial vehicles, heavy commercial vehicles and motor cycles. The most intensive usage is found in the engine coolant system, radiators and windshield fluid systems.
Antifreeze compounds are commonly used as a heat transfer medium in heating, ventilation & air conditioning systems(HVAC) and in industrial heating & cooling systems. North America, Europe, Asia Pacific, and Rest of the World are the key regional markets analyzed in the report.
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Companies covered under report scope are:
Old World Industries
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
MARKET, BY TECHNOLOGY
HOAT (Hybrid Organic Acid Technology)
OAT (Organic Acid Technology)
IAT (Inorganic Acid Technology)
MARKET, BY APPLICATION
Industrial heat transfers and cooling systems
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
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