The Antifreeze Market was worth USD 4.28 billion in 2014 and is expected to reach approximately USD 7.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.77% during the forecast period.
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Industry Outlook and Trend Analysis
the market is anticipated to demonstrate significant development over the conjecture time frame attributable to the rising car area in rising economies including India, China and South Korea. Rising usage of antifreeze in applications heat transfer and to avert engine freezing at low temperatures is foreseen to drive market development. Additionally, constant investments in R&D for the improvement of cost effective, efficient, environment friendly and low lethal products with a high time span of usability by different makers is foreseen to make tremendous market potential over the estimate time frame.
Product Outlook and Trend Analysis
Ethylene Glycol based antifreeze was the prevailing product fragment and represented 59% of the aggregate volume share of the overall industry in 2016. The rising use of ethylene glycol in deicing, aversion of radiator overheating, insurance against hydraulic brakes and radiator freezing are anticipated to drive the market request. Likewise, expanding usage as a warmth conductor in warming and cooling frameworks is probably going to additionally boost the market development.
Technology Outlook and Trend Analysis
Organic acid technology (OAT) represented more than 49% of the worldwide volume share in 2015.The OAT is foreseen to witness the most extreme development over the estimate time frame inferable from existence of eco-friendly, effortlessly decomposable neutralized inorganic salts and acids. Additionally, the broadened deplete interim of OAT is anticipated to drive market development.
Application Outlook and Trend Analysis
Automotive was the leading section and was esteemed at USD 2.94 Billion in 2016. The expanding use of antifreeze in HVAC (ventilation, cooling and heating) for car and modern segment is foreseen to fuel industry extension. Moreover, factors including good government activities, rising discretionary income, changing way of life and fast urbanization will additionally push market development throughout the following years.
Regional Outlook and Trend Analysis
Asia Pacific accounted the biggest share in 2015 and is foreseen to indicate generous development thinking about expanding interest for passenger autos and light business vehicles essentially in China and India. Furthermore, rising automotive sector in different nations including China, India, Indonesia and Thailand combined with enhancing way of life, consciousness of consumers, and rising extra cash will advance development over the conjecture time frame.
The leading players in the market Dow Chemical Company, Chevron Corporation, BP, OLD WORLD INDUSTRIES LLC, BASF, Amsoil, ExxonMobil, Royal Dutch Shell, Prestone and Total S.A. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Antifreeze Market is segmented as follows-
Industrial heat transfer and cooling applications
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We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Antifreeze Market, By Application, Estimates and Forecast, 2014-2023($Billion)
Industrial heat transfer and cooling systems
Antifreeze Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
Antifreeze Market, By Product, Estimates and Forecast, 2014-2023($Billion)
Table of Contents
18.104.22.168.Growing Demand in Automotive Industry
22.214.171.124.Environmental Regulations and Stringent International Laws
126.96.36.199.Emerging Markets to Offer Lucrative Growth Opportunities
9.1.Royal Dutch Shell
9.1.4.Sales, Revenue and Market Share
9.2.4.Sales, Revenue and Market Share
9.3.4.Sales, Revenue and Market Share
9.4.Old World Industries Inc.
9.4.4.Sales, Revenue and Market Share
9.5.4.Sales, Revenue and Market Share
9.6.4.Sales, Revenue and Market Share
9.7. KOST USA, Inc
9.7.4.Sales, Revenue and Market Share
9.8.4.Sales, Revenue and Market Share
9.9.4.Sales, Revenue and Market Share
9.10.4.Sales, Revenue and Market Share
10. Global Antifreeze Market Competition, by Manufacturer
10.1.Global Antifreeze Sales and Market Share by Manufacturer (2016-2017)
10.2.Global Antifreeze Revenue and Market Share by Manufacturer (2016-2017)
10.3.Global Antifreeze Price by Manufacturer (2016-2017)
10.4.Top 5 Antifreeze Manufacturer Market Share
10.5.Market Competition Trend
11. Antifreeze Market Forecast (2018-2023)
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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