Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Antifreeze coolants help in maintaining heat transfer under extreme and cold conditions along with preventing engines, radiators from freezing and overheating. It prevents corrosion and scale formation in engines. It can be used with additives such as silicates, nitrates, phosphates borates, and defoamers. Technical advancements in producing propylene glycol with bio based sources supported by manufacturing of recycled ethylene glycol for use in engine coolants will propel industry growth.
Rising concerns regarding protection of radiators and automotive engines from freezing, corrosion and overheating along with emphasis on increase in engine lifespan and service intervals will favour industry growth. China automotive production was over 43 lakh units in 2019. Growth in exports for automotive vehicles through rising number of partnerships and joint ventures has led to increase in automotive production, thereby accelerating product demand.
Increasing application scope of antifreeze coolants in construction industry will drive market growth. It has wide application in heavy duty diesel engines in construction equipment which operates at high temperatures and combustion pressure. Inorganic and organic acid base technology are widely used in construction machines application Growth in investments in public infrastructure projects which requires heavy duty equipment will have positive impact on product demand.
The report analyses the global antifreeze/coolant market based on technology, base fluid, application and region.
Based on technology the coolants are segmented as inorganic acid, organic acid, hybrid organic acid. Organic acid technology coolants dominate the antifreeze/coolant owing to environment friendliness and superior performance along with providing long life and service intervals. These coolants contain two organic or carboxylic acids additives which provide protection to ferrous metal and aluminium parts. Common organic acids used in coolants include ethylhexnoic, adipic and sebacic acid. Hybrid organic acid technology is a combination of inorganic salts including phosphate, silicate, nitrate and molybdate along with neutralized organic acids which is suitable for both light and heavy duty automobiles.
Various base fluid studied include ethylene glycol, propylene glycol, glycerine. Ethylene glycols are widely used as antifreeze coolants owing to easy availability supported by low cost. Owing to depressed freezing temperatures ethylene glycol is used as de-icing fluids mainly in aircraft, windshield and antifreeze for automobile engines. It has a high boiling and freezing point which makes it suitable for larger temperature scales supported by high miscibility with water.
Furthermore, the major application considered in the study are automotive, industrial, others.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominates global antifreeze coolant market and will continue its dominance in coming years. Growth in automobile production owing to rise in vehicle sales supported by growing purchase ability and financial support through loans will drive regional industry growth. In addition, high investments in construction projects will further propel product demand in this region.
The key players in the antifreeze/coolant market share are Royal Dutch Shell Plc, Bp Plc, Chevron Corporation, Exxonmobil Corporation, Total S.A., Lukoil, Petronas, BASF SE, Valvoline Inc., Cummins Inc., Motul S.A., Dow Inc., Huntsman Corporation, Sinopec Corporation, Evans Cooling Systems Inc. Kost USA, Inc. Dupont Tate & Lyle Bio Products Company, Llc., Recochem Inc.,Prestone Products Corporation, CCI Corporation. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.
The report analyses the global antifreeze/coolant market based on technology, base fluid, application and geography. Various technology studied includes technology inorganic acid, organic acid, hybrid organic acid. Various base fluid studied include ethylene glycol, propylene glycol, glycerine. Furthermore, the major application considered in the study are automotive, industrial, others
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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