Antifreeze - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Antifreeze Market accounted for $761.41 million in 2018 and is expected to reach $1,423.55 million by 2027 growing at a CAGR of 7.2% during the forecast period. Increasing vehicle production, government policies on automotive development and manufacturing, and growing demand for construction equipments are the factors driving the market growth. However, increasing popularity of battery operated electric vehicles may hinder the market growth.
Antifreeze is a preservative, which helps to manage the temperature of a vehicle's engine by sinking freezing point and growing the boiling point of the cooling system. It prevents rigid enclosures from exploding by freezing the expansion.
By Vehicle Type, Passenger Car segment is likely to have a huge demand during the forecast period due to increased sales of passenger cars as a result of enhanced standard of living in different countries. Based on geography, North America is going to have a lucrative growth during the forecast period owing to the higher production and demand for large engine capacity vehicles in this region such as extended cabs. The automotive market in this region is inclined towards SUVs and light trucks, owing to their off-road capabilities and improved traction in altering weather conditions.
Some of the key players profiled in the Antifreeze Market include BASF SE, Chevron Corporation, Sonax GmbH, Rock Oil Company PLC , Prestone Products Corporation, Royal Dutch Shell PLC, Halfords Group PLC, Valvoline, Motul, China Petrochemical Corporation, Exxon Mobil Corporation, Cummins Inc, Kost USA Inc, Recochem Inc, and Evans Cooling Systems Inc.
• Engine Coolant
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car
• Motor Scraper
• Crawler Dozer
• Skid- steer Loaders
• Backhoe Loaders
• Wheeled Loaders <80hp
• Wheeled Loaders >80hp
• Crawler Loader
• Articulated Dump Truck
• Wheeled Excavators
• Motor Grader
• Mini Excavators
• Asphalt Paver
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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