The global automotive antifreeze market was valued at $4.92 billion in 2019, and is projected to reach $6.01 billion by 2027, registering a CAGR of 7.9%. Automotive Antifreeze Market by Fluid Type ( Ethylene Glycol, Propylene Glycol and Glycerin), Technology (Inorganic Additive Technology (IAT), Organic Acid Technology (OAT) and Hybrid Organic Acid Technology (HOAT)), Application (Passenger vehicle, Commercial vehicle and Construction vehicle), and Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2027

Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America and LAMEA. China dominated the global automotive antifreeze market share in 2019, whereas Japan is expected to grow at a significant rate during the forecast period, due to increase in demand for vehicles with antifreeze liquids.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/2557

Antifreeze is a form of liquid that lowers the freezing point of the water based liquid in a vehicle. Automotive antifreeze are used to achieve the freezing point depression for cold environments by increasing the boiling point of liquids thereby allowing higher coolant temperature. Since water has properties of coolant, therefore water mixed with antifreeze are used in internal combustion (IC) engines. This is done to prevent the vehicle engine from bursting due to extreme temperature drop.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2557

COVID-19 Impact Analysis

  • The poor economic conditions that the world witnessed due to the outbreak of COVID-19 has severely affected the nations worldwide. The data released by United Nations Industrial Development Organization (UNIDO) regarding the trend of industrial production between December 2019 and April 2020 clearly indicated that both upper and lower- income nations have been considerably impacted by the pandemic.
  • Index of Industrial Production (IIP) of India experienced a slump by 65%, which reflects the extreme loss in exports. Approximately 50% of the countries observed a decrease in industrial production by over 20%. The countries where the IIP fell between 10% and 20% include the majority of the countries
  • In many aspects, the automotive industry is crucial for a robust global economy and the prosperity of a nation.
  • The COVID-19 pandemic has had a sudden impact on the worldwide unified automotive industry. Indications include an interruption in the export of Chinese parts, huge manufacturing disruptions across Europe, and the shutting of assembly plants in the U.S. 
  • A limited supply of parts and strategy of just-in-time production, together with confinement measures and a reduced workforce: all these factors led OEMs to halt their production lines. This hit the automotive industry hard and the industry will take an appreciable time to overturn the detrimental after effects of the COVID-19.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2557

Key Findings Of The Study

  • By fluid type, the ethylene glycol segment accounts for a significant growth during the forecast period.
  • Depending on technology, the organic acid technology (OAT) segment is anticipated to exhibit significant growth in the near future.
  • On the basis of application, the commercial vehicle segment is projected to lead the global automotive antifreeze market owing to higher CAGR as compared to other applications.
  • Based on distribution channel, the aftermarket channel segment leads the market owing to a higher growth rate.
  • Europe is anticipated to register the highest CAGR.

The key players analyzed in this automotive antifreeze market report are Castrol, Chevron Corporation, Exxon Mobil Corporation, Halfords Group PLC., Motul, Prestone Products Corporation, Rock Oil Company LLC., Royal Dutch Shell PLC, TOTAL SA and Valvoline Inc. 

Similar Reports We Have on Automotive (Antifreeze Related) Industry:

Automotive Antifreeze Liquid Market by Product Type (Ethylene Glycol, Propylene Glycol, and Glycerin), Vehicle Type (Passenger Vehicles and Commercial Vehicles), and Distribution (OEM and Automotive Aftermarket) – Global Opportunity Analysis and Industrial Forecast, 2020-2027.

Antifreeze Agents Market: Global Opportunity Analysis and Industry Forecast 2019–2027.

Plant Antifreeze Market by Product (Ethylene Glycol, Propylene Glycol, and Glycerin) – Global Opportunity Analysis and Industry Forecast, 2020-2027.

Synthetic Lubricants & Functional Fluids Market by Product (Engine Oils, Transmission & Hydraulic Fluids, Antifreeze & Deicing Fluids, Metalworking Fluids, Heat Transfer Fluids, and Dielectric Fluids), Synthetic Base Stock (Glycols, Polyalphaolefins, Esters, Group III & IV Base Oils, Aromatics, Silicone Fluids, and Others), and End-use Industry (Automotive, Aerospace, Metals, Industrial Machinery, Power Generation, Construction, Process Industry, and Others) – Global Opportunity Analysis and Industry Forecast, 2020-2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: 
https://blog.alliedmarketresearch.com 

Leave a comment

Your email address will not be published. Required fields are marked *